Companies

Tencent Music Entertainment Group

NYSE: TME
$8.50
▲ $0.05 (+0.59%) today
Markets closed · 10:35pm ET

24/7 Wall St. View

TME at a Glance

Price
24/7 target
$12.97
Street target
$12.60
Earnings
Next report
Nov 11, 2026

NYSE: TME

About Tencent Music

Tencent Music Entertainment Group (NYSE: TME, HKEX: 1698) is the largest all-in-one music and audio entertainment platform in China, operating the country's most popular music and audio apps: QQ Music, Kugou Music, Kuwo Music, WeSing, and Ximalaya. The company operates through two main revenue segments: music related services (which includes membership/subscription services, advertising, offline concert and performance services, and artist merchandise sales) and social entertainment services and others. TME's content-and-platform dual-engine strategy extends the value of music IP beyond online streaming into offline concerts, artist merchandise, and other IP-centric experiences. The company generates revenue from music subscriptions (SVIP and standard tiers), marketing and consumption services (advertising, offline performances, merchandise), and social entertainment (live streaming, online karaoke). TME is a subsidiary of Tencent Holdings and benefits from deep integration with the broader Tencent ecosystem including Weixin (WeChat). In May 2026, TME completed the acquisition of Ximalaya, a major long-form audio platform, significantly expanding its audio content library and user base. The company is increasingly leveraging AI for music discovery and personalization, and expanding its IP monetization through concerts, fan meetings, and physical merchandise. Updated

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Frequently Asked Questions

What does Tencent Music do?

Tencent Music Entertainment Group (NYSE: TME, HKEX: 1698) is the largest all-in-one music and audio entertainment platform in China, operating the country's most popular music and audio apps: QQ Music, Kugou Music, Kuwo Music, WeSing, and Ximalaya.

What is the TME stock price target?

24/7 Wall St.'s 12-month price target for TME is $12.97, rated Buy. The Wall Street consensus target is $12.60. TME price prediction →