Core Viewpoint - Tencent Music (01698.HK) is scheduled to release its Q4 and full-year earnings announcement for 2025 on March 17, 2026, after the Hong Kong market trading hours and before the opening of the U.S. market [1] Group 1 - The earnings announcement will provide insights into the company's financial performance for the fourth quarter and the entire year of 2025 [1] - The timing of the announcement is strategically set to align with market hours in both Hong Kong and the U.S. [1] - This upcoming report is significant for investors and analysts monitoring Tencent Music's growth and market position [1]

Core Viewpoint - Tencent Music Entertainment Group's board will review and vote on the unaudited financial results for the fourth quarter and full year ending December 31, 2025, on March 16, 2026 [1] Group 1 - The board meeting is scheduled for March 16, 2026 [1] - The financial results to be discussed include the unaudited performance for the three months and the full year ending December 31, 2025 [1]

騰訊音樂娛樂集團（「本公司」）董事會將於2026年3月16日（星期一）審議及表決我們截至 2025年12月31日止三個月及全年的未經審計業績及公告（「2025年第四季度及全年業績公 告」）等事項。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何 責任。 Tencent Music Entertainment Group 騰訊音樂娛樂集團 （於開曼群島註冊成立以不同投票權控制的有限責任公司） （港交所股份代號：1698） （紐交所股份代號：TME） 董事會行動通告以及 2025 年第四季度及 全年業績公告的發佈日期 我們將於2026年3月17日（星期二）（香港時間）在香港市場交易時間後及美國市場開市 前，上傳2025年 第 四 季 度 及 全 年 業 績 公 告 至 香 港 聯 合 交 易 所 有 限 公 司（「聯交所」）網 站www.hkexnews.hk及本公司網站https://ir.tencentmusic.com。 承董事會命 騰訊音樂娛樂集團 執行董 ...

| TME 腾讯音乐 | | 507 | | --- | --- | --- | | 16.340 + +0.410 +2.57% | | 收盘价 02/06 16:00 美东 | | 16.550 + 0.210 +1.29% | | 盘前价 02/09 04:00 美东 | | 一 52 24 4 5 8 日 ♥ 1选 | | ● 快捷交易 | | 最高价 16.365 | 开盘价 16.050 | 成交量 622.86万 | | 最低价 15.855 | 昨收价 15.930 | 成交额 1.01亿 | | 平均价 16.236 | 市盈率 M 16.34 | 总市值 253.09亿 (... | | 振 幅 3.20% | 市盈率(静) 26.74 | 总股本 15.49亿 | | 换手率 1.15% | 市净率 2.122 | 流通值 88.34亿 | | 52周最高 26.700 | 委 比 -25.00% | 流通股 5.41亿 | | 52周最低 11.710 | 量 比 0.95 | 色 手 1股 | | 历史最高 31.559 | 股息TM 0.184 | 换股比率 2.00 | | 历史 ...

Core Insights - Tencent Music Entertainment Technology (Shenzhen) Co., Ltd. has applied for a patent titled "Text Annotation Method, Computer Equipment, Readable Storage Medium, and Program Product" with publication number CN121457453A, filed on October 2025 [1] - The patent application relates to a text annotation method that aims to improve annotation efficiency in the field of data processing technology [1] Company Overview - Tencent Music Entertainment Technology (Shenzhen) Co., Ltd. was established in 2017 and is located in Shenzhen, primarily engaged in software and information technology services [1] - The company has a registered capital of 5 million RMB [1] - According to data analysis from Tianyancha, the company has invested in 12 enterprises, participated in 14 bidding projects, and has 1,157 trademark records and 1,467 patent records, along with 45 administrative licenses [1]

Group 1 - The core point of the article highlights a decline in Hong Kong's tech stocks, with notable companies such as Bilibili, Tencent Music, and Kuaishou experiencing drops of over 2% [1] - Alibaba, Tencent Holdings, BOSS Zhipin, Alibaba Health, and NetEase also saw declines, indicating a broader trend in the tech sector [1] Group 2 - The article mentions specific stock performance, indicating that multiple key players in the tech industry are facing downward pressure [1]

Group 1 - JYP Entertainment's subsidiary JYP China will establish a joint venture named "ONECEAD" with CJ ENM and Tencent Music Entertainment (TME) [1] - The core focus of ONECEAD will be artist management, with plans to develop a business portfolio that includes music production, concerts, and merchandise [1] - The joint venture aims to gradually expand its music business footprint [1]

Group 1 - The Hang Seng Index opened up by 0.35% and the Hang Seng Tech Index increased by 0.05% [1] - Pop Mart surged over 4%, while Zijin Mining rose nearly 3% [1] - Tencent Music and JD Health also showed significant gains [1] Group 2 - Baidu Group, Xpeng Motors, and NIO experienced notable declines [1]

Core Viewpoint - Tencent Music has successfully established itself in the fan economy within a sentiment-driven market, leading to a positive outlook from analysts and a significant increase in stock value following its recent financial report [1][2]. Financial Performance - Tencent Music's revenue grew from 254.3 billion to 312.4 billion from 2019 to 2021, but fell to 283.4 billion in 2022 due to structural adjustments, maintaining around 280 billion since then [2]. - As of Q3 2025, Tencent Music's cumulative revenue reached 265.7 billion with a net profit of 96.97 billion, marking a peak in net profit [2]. - The stock price surged over 17% to a historical high of 102.10 HKD per share, with a total market capitalization of 316.3 billion HKD following the Q2 2025 financial report [1]. Market Position - Tencent Music holds approximately 69% market share in China's online music sector, significantly ahead of its closest competitor, NetEase Cloud Music, which has about 19% [9]. - The company has integrated various platforms like QQ Music, Kugou, and Kuwo to create a complementary business ecosystem, solidifying its leadership in the online music market [5]. Revenue Streams and Growth Potential - Tencent Music's online music service revenue reached 69.7 billion, a 27.2% increase year-on-year, with subscription revenue at 45 billion, up 17.2% [5][6]. - The company is exploring new revenue sources through online and offline events, merchandise, and collaborations with major entertainment companies [1][6]. Fan Economy and User Engagement - Tencent Music has developed a robust fan economy, enhancing user engagement through features like digital albums and exclusive content for higher-tier subscriptions [6][7]. - The introduction of SVIP services has increased user willingness to pay, reflected in a rise in average revenue per paying user (ARPPU) to 11.9 yuan [7]. Competitive Landscape - The online music market is transitioning from growth to competition for existing users, with Tencent Music and NetEase Cloud Music being the primary competitors [9][10]. - New entrants like ByteDance's Soda Music are disrupting the market, leveraging algorithmic recommendations and the vast user base of Douyin (TikTok) to attract users [11][13]. Strategic Initiatives - Tencent Music is focusing on expanding its content library and enhancing user experience through collaborations with major music labels and artists [5][6]. - The company is also diversifying its offerings by integrating music with gaming and film, creating a comprehensive ecosystem that extends beyond traditional music consumption [6][8]. Future Outlook - Analysts remain optimistic about Tencent Music's long-term value, with expectations for continued growth in both subscription and non-subscription revenue streams [1][8]. - The competitive landscape is evolving, with a need for Tencent Music to innovate and adapt to maintain its market leadership amid rising competition from new platforms [17][18].

Group 1 - Tencent Music Entertainment Technology (Shenzhen) Co., Ltd. has applied for a patent titled "A Risk Prediction Method, Device, Equipment, and Computer-Readable Storage Medium," with publication number CN121356915A, and the application date is December 2025 [1] - The patent describes a risk prediction method that enhances accuracy by determining a comprehensive predicted risk based on static risk scores, associated network risk scores, and predicted risk scores [1] - The method involves identifying target static risk features and associated network risk features, calculating future handling ratios, and predicting risks based on user attributes [1] Group 2 - Tencent Music Entertainment Technology (Shenzhen) Co., Ltd. was established in 2017 and is primarily engaged in software and information technology services, with a registered capital of 5 million RMB [2] - The company has invested in 12 enterprises, participated in 14 bidding projects, and holds 1,169 trademark records and 1,457 patent records [2] - Additionally, the company possesses 45 administrative licenses [2]