Follow Invezz on Telegram , Twitter , and Google News for instant updates >China’s Tencent Music Entertainment Group (TME) faced a mixed financial landscape in the first quarter of fiscal year 2024, as announced on Monday.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Tencent Music revenue dips, but profits growCopy link to sectionWhile the company saw a slight revenue decrease of 3.4%, falling to $937 million, it successfully boosted its net profit ...

SHENZHEN, China, May 13, 2024 /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 first quarter ended March 31, 2024 and declared its annual cash dividend for the year ended December 31, 2023. First Quarter 2024 Financial Highlights Total revenues were RMB6.77 billion (US$937 million), representing a 3.4% year-over-year decrease, mai ...

SHENZHEN, China, April 18, 2024 /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 has filed its annual report on Form 20-F that includes its audited financial statements for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission (the "SEC") on April 18, 2024, U. S. Eastern Time. The annual report can be accessed on TME's investor relat ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(B) OR 12(G) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF ...

The China-based company is on its way to repurchasing billions worth of sharesOptions traders are targeting Tencent Music Entertainment Group (NYSE:TME) today, as the stock jumps to its highest level since July 2021. The China-based company yesterday repurchased 3.27 million shares for $1 billion, after last month announcing its intention to buy back a minimum of $12.8 billion this year. The stock also got a boost last week after boosting its advertising business with artificial intelligence (AI). So far to ...

证券研究报告 | 2024年03月24日 腾讯音乐（TME.N） 买入 在线音乐业务蓬勃发展，预计 24 年利润侧仍有优化空间 核心观点 公司研究·海外公司财报点评 收入侧受到社交娱乐影响，利润侧继续同比提升4.2pct。23Q4，公司实现 互联网·互联网Ⅱ 总收入68.9亿元，同比-7.2%，环比+4.9%，在线音乐收入占比达 73%。 证券分析师：张伦可 联系人：陈淑媛 公司毛利率与经调整利润继续提升，23Q4 公司毛利率 38.3%，同比 0755-81982651 021-60375431 zhanglunke@guosen.com.cnchenshuyuan@guosen.com.cn +5.4pct，环比+2.7pct。毛利率上升主要系：1）在线音乐ARPPU提升； S0980521120004 2）高毛利的广告业务增长。我们预计公司毛利率仍有优化空间，预计 基础数据 24年毛利率可达40%。在成本端优化下，公司23Q4经调整净利润16.8 投资评级 买入(上调) 亿元，同比+12.5%。经调整利润率24.3%，同比+4.2pct，环比+1.5pct。 合理估值 12.10 - 13.20美元 收 ...

SHENZHEN, China, March 22, 2024 /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 Mr. Zhenyu Xie has tendered his resignation from his executive positions as the Company's President, Chief Technology Officer and other relevant roles, along with his position as a member of the board of directors (the "Board"). These resignations, submitted for personal reasons, will t ...

交银国际研究 公司更新 互联网 收盘价 目标价 潜在涨幅 2024年3月20日 美元11.04 美元13.00↑ +17.8% 腾讯音乐 (TME US) 音乐会员维持强劲增势，在线音乐成本优化好于预期  2023 年 4 季度业绩超预期。腾讯音乐 4 季度收入为 69 亿元人民币（下 个股评级 同），同比降7%，主要因社交娱乐业务调整（同比-52%），略好于市场 买入 预期3%。毛利率为38%，同/环比优化5/2个百分点，受益于订阅及广告 收入增长及自制内容增加。经调整净利润为17亿元，同比增12%，高于 我们/市场预期9%/8%，对应经调整净利率24%，随毛利率优化同环比提升 1年股价表现 4/1个百分点。 TME US 50% MSCI中国指数  4季度在线音乐收入超预期5%，订阅会员/月度ARPPU双轮驱动会员收入 40% 30% 增长。在线音乐收入50亿元，同比增41%，收入占比提升至73%。其中， 20% 音乐订阅维持强劲增势，同比增45%（较2/3季度37%/42%加速）。音乐 10% 0% 会员1.07亿，环比净增370万，对应付费率18.5%，同/环比+3.8/1.2个百 -10% 分点 ...

Tencent Music Entertainment (NYSE:TME) Q4 2023 Results Conference Call March 19, 2024 7:00 AM ET Company Participants Millicent Tu - Head of Investor Relations Kar Shun Pang - Executive Chairman Ross Liang - Chief Executive Officer Shirley Hu - Chief Financial Officer Conference Call Participants Alex Poon - Morgan Stanley Alicia Yap - Citigroup Lincoln Kong - Goldman Sachs Fang Wei - Mizuho Zhang Lei - Bank of America Merrill Lynch Xueqing Zhang - CICC Thomas Chong - Jefferies Millicent Tu Good evening, go ...

Exhibit 99.1 Tencent Music Entertainment Group Announces Fourth Quarter and Full-Year 2023 Unaudited Financial Results • Fourth quarter music paying users up 20.6% with monthly ARPPU increased by 20.2% year-over-year • Net adds of 18.2 million music paying users recorded in 2023, up from 12.3 million in 2022 SHENZHEN, China, March 19, 2024 /PRNewswire/--Tencent Music Entertainment Group (“TME,” or the “Company”) (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in China, ...