Tencent Music Entertainment Group logo

Tencent Music Entertainment Group

Ticker1698.HKVenueHKSESectorCommunication ServicesPrimary listingBeta0.79
HK$34.04+3.78%
FinScore64

Tencent Music Entertainment Group is a China-based company in the Communication Services sector with a market capitalisation of $12.7B. Its FinScore is 64/100; its highest-scoring layer is Quality (89) and its lowest is Momentum (30). The shares trade at 9.6x trailing earnings and are down 51% year to date.

Market cap
$12.7B
P/E (TTM)
9.6x
Dividend yield (TTM)
2.76%
ROE
11.2%

Share price performance

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About Tencent Music Entertainment Group

www.tencentmusic.com

Tencent Music Entertainment Group (TME) is a prominent digital music and entertainment provider within the People's Republic of China, delivering a comprehensive suite of services including music streaming, online karaoke, and interactive live performances. Its core music platforms, such as QQ Music, Kugou Music, and Kuwo Music, enable users to discover and enjoy music in tailored ways. WeSing serves as a social karaoke application, allowing individuals to sing, interact with friends, share performances, and find new songs. TME also manages interactive live streaming channels like Kugou Live and Kuwo Live, which offer performers a platform to showcase their talents and engage directly with their audience. Additionally, Kuwo Changting provides a wide array of audio content, ranging from audiobooks and cross-talks to radio dramas and other entertainment genres. Beyond its digital services, the company distributes music-related merchandise, including headsets, smart speakers, and karaoke microphones, and offers online ticketing for music events. TME further collaborates with smart device and automotive manufacturers to integrate and operate music services on their products. Headquartered in Shenzhen, China, Tencent Music Entertainment Group maintains a strategic partnership with China Literature and operates as a subsidiary of Tencent Holdings Limited.

Profile
Sector
Communication Services
Industry
Internet Content & Information
HQ
China
Fiscal year-end
December
Trading currency
HKD
Reporting currency
CNY
Fundamentals updated
67 days ago
Market
Market cap
$12.7B
Shares outstanding
2.9B
P/E (TTM)
9.6x
Dividend yield (TTM)
2.76%
Beta (issuer)
0.79
Revenue (latest FY)
CN¥32.9B

Revenue breakdown

FY 2025CN¥27.3B
  • Online Music Services
    97.9%CN¥26.7B
  • Online Music Services To Associates
    1.8%CN¥501.0M
  • Social Entertainment Services And Others To Associates
    0.3%CN¥75.0M

FinScore

As of 2026-10-19
Overall64
Quality89
Growth42
Value62
Momentum30
Relative Strength67

Snapshot

Ownership

As of 2026-03-31
Institutional
8.2%
Insider
0.0%
Free float
35.2%
Top-5 institutional holders
10.9%
Shares outstanding
2.9B
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