Tencent Music Entertainment Group Stock Price, News & Analysis

Tencent Music Entertainment Group (TME) has launched a new service, "One-Click For All," on its Tencent Musician Platform. This service supports Chinese musicians in promoting and distributing their music internationally. Musicians can now distribute their work to over 150 global platforms with a single click, reaching audiences in more than 200 countries. TME also offers free International Standard Recording Code (ISRC) for better catalog management and promises up to 70% revenue from overseas distribution. Since its inception, the platform has helped distribute over 150,000 works, significantly boosting exposure.

Tencent Music Entertainment Group (TME), the leading online music platform in China, filed its annual report on Form 20-F with the SEC on April 26, 2022, for the fiscal year ending December 31, 2021. The report includes audited financial statements and is accessible on TME's investor relations website and the SEC's site. Shareholders can request a hard copy of the report at no cost. TME operates popular music apps like QQ Music and Kugou Music, aiming to enhance music enjoyment through technology.

Tencent Music Entertainment Group (TME) will report its unaudited financial results for Q1 2022 on May 16, 2022, after U.S. market close. A conference call will be held the same day at 8:00 PM Eastern Time. Investors can access the call through various toll-free numbers or via the company's investor relations website. TME operates popular music apps in China, emphasizing technology's role in enhancing musical experiences. For further inquiries, contact TME's investor relations department.

Tencent Music Entertainment Group (TME) reported financial results for Q4 and full year 2021. Q4 revenues decreased by 8.7% to RMB7.61 billion, while full year revenues increased by 7.2% to RMB31.24 billion. Online music service revenues grew by 22.7% year-over-year, led by a 31.9% rise in subscription revenues. Q4 net profit was RMB577 million, down from RMB1.20 billion in Q4 2020. Paying users for online music reached 76.2 million, reflecting a 36.1% increase year-over-year. TME plans to complete its $1 billion share repurchase program and pursue a secondary listing on the Hong Kong Stock Exchange.

Tencent Music Entertainment Group (TME) will release its unaudited financial results for Q4 and full year 2021 on March 21, 2022, after U.S. market close. The management will hold a conference call at 8:00 PM ET on the same day to discuss the results. Investors can listen in via specific dial-in numbers or access a live and archived webcast on the company’s investor relations website. TME, a leading online music platform in China, operates popular apps including QQ Music and Kugou Music, focusing on enhancing music accessibility and interaction.

Tencent Music Entertainment Group (TME) announced multiple accolades recognizing its role in the music industry. TME ranked in the top 15 of Chinese Internet enterprises and received numerous employer branding awards in December 2021. In January 2022, TME's Executive Chairman was featured in People, while CEO Ross Liang was included in Billboard's Power List. According to MIDiA's report, TME holds a 13% market share in global music subscriptions, positioning it third worldwide. The company plans to enhance its 'dual engine content-and-platform' strategy to foster global growth and support for Chinese musicians.

Tencent Music Entertainment Group (TME) announced on January 10, 2022, that Mr. Dennis Tak Yeung Hau will resign as Group Vice President, effective January 31, 2022, due to personal reasons. Mr. Ross Liang, the CEO, will take over Mr. Hau's responsibilities for the international business. Additionally, Mr. Adrian Yau Kee Mak will replace Ms. Edith Manling Ngan as chairperson of the audit committee. TME remains committed to high standards of corporate governance. Dennis contributed significantly to QQ Music and WeSing's growth, enhancing content diversity and technological innovation.

Tencent Music Entertainment Group (TME) released its 2021 annual report for the Tencent Musician Program, highlighting a 51% year-on-year increase in registered musicians, reaching over 300,000. In 2021, 2.1 million songs were distributed, with young artists (born post-1995) representing over 50% of participants. Female musicians grew by 18%, showcasing a rise in gender diversity. The program has introduced innovative monetization models and extensive partnerships to enhance music promotion. With a focus on indie music, TME aims to foster a vibrant ecosystem within the Chinese music industry.

Tencent Music Entertainment Group (TME) successfully hosted the third annual Tencent Music Entertainment Awards (TMEA) on December 11, 2021, at The Venetian Macao. This year’s event, themed "3ing For Music," engaged audiences post-COVID through a livestream on TME's platforms. Notable achievements included 160 hot trend tags and 72 billion visits on social media. The ceremony recognized 40 award winners and celebrated the contributions of artists in the music industry. TME aims to continue promoting high-quality Chinese music globally.