TME Stock Recent News

Tencent Music Entertainment Group Sponsored ADR (TME) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, TME broke through the 20-day moving average, which suggests a short-term bullish trend.

These music streaming stocks should be on your watchlist. What I like about these companies is that their valuations are fair, and many of them have great future prospects.

Tencent Music Entertainment Group on Tuesday announced a 10.8% year-over-year decline in its third quarter 2023 revenue to 6.57 billion yuan (US$900.94 million), due mainly to falling revenue from social entertainment services and other sources.   Its top-line results, however, surpassed the analyst consensus forecast of 6.31 billion yuan, according to LSEG data.

Tencent Music Entertainment Group (NYSE:TME ) Q3 2023 Earnings Conference Call November 14, 2023 6:00 AM ET Company Participants Millicent Tu - Investor Relations Kar Shun Pang - Executive Chairman Ross Liang - Chief Executive Officer Shirley Hu - Chief Financial Officer Conference Call Participants Alicia Yap - Citigroup Alex Poon - Morgan Stanley Zhang Lei - Bank of America Merrill Lynch Lincoln Kong - Goldman Sachs Thomas Chong - Jefferies Alex Yao - JPMorgan Xueqing Zhang - CICC Wei Xiong - UBS Millicent Tu Good evening, good morning. Welcome to Tencent Music Entertainment Group's Third Quarter 2023 Earnings Webinar.

China's Tencent Music Entertainment beat estimates for third-quarter revenue on Tuesday, helped by steady growth in paid subscriptions on its music streaming platform.

Tencent Music's live streaming business is under the regulatory spotlight this year. While online music subscriptions are outperforming, regulatory headwinds threaten to derail hopes of a turnaround. There's still earnings growth potential here, but at current levels, the risk/reward isn't great.

Investors interested in stocks from the Internet - Content sector have probably already heard of Tencent Music Entertainment Group Sponsored ADR (TME) and RELX PLC (RELX). But which of these two stocks offers value investors a better bang for their buck right now?

Tencent Music reported better-than-expected earnings results this week. China's leading music service provider is benefiting from broad demand for music streaming.

Tencent Music Entertainment (TME), China's Spotify, has announced a significant surge in both subscribers and revenue. The Shenzhen-based firm, which owns platforms such as QQ Music, Kugo, and Kuwou, said its paying user base hit 99.4 million for the three months ended June 30, up 20% on the same period last year.

China's Tencent Music Entertainment Group , said on Tuesday second-quarter revenue rose 5.5% from a year ago, driven by growth in paying users on its Spotify-like music streaming platform and a recovery in the advertising market.