Tencent Music

TME

Market cap $25.6B

Tencent Music Entertainment has suffered a sell-off following 3Q25 results that reflect continued MAU decline and slower momentum in SVIP adoption. Meanwhile non music-subscription revenues have been doing well through concert and merchandise sales, and advertising. Considering these sources of revenues and the potential for further realization of profit from the Ximalaya acquisition, the sell-off was likely overdone.

Tencent Music Entertainment Group (TME) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Tencent Music's stock price fell -8% following the results announcement, despite the fact that its Q3 topline and earnings exceeded expectations. TME's diversification into non-subscription businesses will boost revenue stability, even though it came at the expense of a gross margin decline in the recent quarter. Competitive concerns from ByteDance's Soda Music are overblown, as TME has a differentiated user base.

Tencent Music Entertainment Group ( TME ) Q3 2025 Earnings Call November 12, 2025 6:00 AM EST Company Participants Millicent T. - Head of IR Kar Shun Pang - Executive Chairman Liang Zhu - CEO & Director Min Hu - CFO & Director Conference Call Participants Yang Liu - Morgan Stanley, Research Division Lincoln Kong - Goldman Sachs Group, Inc., Research Division Alicis a Yap - Citigroup Inc., Research Division Thomas Chong - Jefferies LLC, Research Division Yifan Ye - CLSA Limited, Research Division Presentation Millicent T.

House to Vote on Government Re-Opening.

Krane Funds increased its holdings in Tencent Music Entertainment by nearly 3.9 million shares in the third quarter. The transaction value represents about 2.5% of overall reportable assets at quarter-end.

SHENZHEN, China , Nov. 12, 2025 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in China, today announced its unaudited financial results for the third quarter ended September 30, 2025. Third Quarter 202 5 Financial Highlights Total revenues were RMB8.46 billion (US$1.19 billion), representing a 20.6% year-over-year increase, primarily due to strong year-over-year growth in revenues from online music services.

The market sell-off may have cooled, but tensions are still heating up between the United States and China.

SHENZHEN, China , Oct. 14, 2025 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in China, today announced that it will report its unaudited financial results for the third quarter of 2025 before the U.S. market opens on Wednesday, November 12, 2025. TME's management will host a Tencent Meeting Webinar on Wednesday, November 12, 2025, at 6:00 A.M.

SHENZHEN, China , Sept. 23, 2025 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in China, today announced that its Board of Directors (the "Board") approved the appointment of Ms.