Tencent Music

TME

Market cap $21.8B

Keystone Investors Pte Ltd sold 2,243,614 shares of Tencent Music Entertainment Group, an estimated $52.37 million trade based on quarterly average pricing Quarter-end value of the position fell by $52.37 million, reflecting the sale of the TME shares Represents a 4.7% change in 13F reportable assets under management (AUM) Post-trade stake: 0 shares, valued at $0 The position accounted for 6.1% of the fund's AUM in the previous quarter, marking a significant shift in portfolio allocation We're bullish on these 10 stocks ›

SHENZHEN, China, Feb. 10, 2026 /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 fourth quarter and full year of 2025 before the U.S. market opens on Tuesday, March 17, 2026. TME's management will host a Tencent Meeting Webinar on Tuesday, March 17, 2026, at 7:00 A.M.

Marathon Asset Management sold 559,011 shares of Tencent Music Entertainment, an estimated $11.34 million trade based on quarterly average prices in the period. Meanwhile, the quarter-end position value fell by $26.44 million, reflecting both trading activity and price appreciation.

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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.

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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.