# Tencent Music Entertainment Group share price today (Tencent Music Entertainment Group, TME)

> Tencent Music Entertainment Group's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. TME · Communication Services · Internet Content & Information · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/tme

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## Key numbers

- Business trend: Mixed, from fewer quarters than usual
- Price: $9.04 (−59.5% in a year)
- P/E: 10.7×, against its own history
- Revenue (Jun 2026): CNY 8.9 B (+5.8% on a year ago)
- Profit (Jun 2026): CNY 2.5 B (+2.6% on a year ago)
- Operating margin: 29.2% (−1.3 points on a year ago)
- ROE: 13%, FY25
- ROIC: 13.6%, against a 7.3% cost of capital: +6.3 points

Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. ## What is the Tencent Music Entertainment Group share price today? Tencent Music Entertainment Group's share price was $9.04 at the close on 3 November 2026. It has been falling for 25 weeks. That is 11.1% below its average price over the last 200 trading days. In the last 52 weeks it traded between $8 and $21, and at that close it sat 10% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 14 weeks running. Over the last 7.9 years the share price moved −29% while the S&P 500 moved +190%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 31 July 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Tencent Music Entertainment Group pay? Tencent Music Entertainment Group declared CNY 1.68 per local share for Dec 2025. It reports in Chinese yuan, and one US-listed share can stand for several local shares, so we do not set this against the dollar price or show a yield. ## Which stock lists is Tencent Music Entertainment Group on? Tencent Music Entertainment Group is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Tencent Music Entertainment Group profitable? Tencent Music Entertainment Group earned CNY 2.5 B of net profit in the Jun 2026 quarter, +2.6% on the same quarter a year earlier. Full-year FY25 profit was CNY 11.1 B. Over 4 years profit has grown 38.2% a year on average. That is 27.7% of the quarter's revenue. The same quarter a year earlier earned CNY 2.4 B. For the full year, FY25 profit was CNY 11.1 B (+66.4% on the year before). Why profit moved: revenue changed +5.8% on a year earlier and the margin moved −1.3 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +0.0% and revenue +12.4%. Profit is growing slower than sales: rising costs are taking part of the growth. This company reports in Chinese yuan, not US dollars, so the money charts are left out here. The figures in the text are in that currency (CNY); nothing is converted. ## How much revenue does Tencent Music Entertainment Group make, and is it growing? Tencent Music Entertainment Group reported CNY 8.9 B of revenue in the Jun 2026 quarter, +5.8% on the same quarter a year earlier. That is the 8th quarter in a row with growth on the year before. Over 4 years it has grown 1.3% a year on average. The last full year, FY25, came in at CNY 32.9 B. The last four reported quarters add to CNY 33.9 B. FY25 revenue was CNY 32.9 B, +15.8% on the year before. Recent pace: the last four quarters grew +12.4% on average, against 1.3% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +12.1%, against +11.3% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −12.9%, against +26.4% a year (rolling over). This company reports in Chinese yuan, not US dollars, so the money charts are left out here. The figures in the text are in that currency (CNY); nothing is converted. ## How much of its sales does Tencent Music Entertainment Group keep? Tencent Music Entertainment Group's operating margin was 29.2% in the Jun 2026 quarter, 1.3 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 5 years it has been between 10.0% and 29.8%. The latest quarter is within that range. Across 5 years it has been between 10.0% and 29.8%, and FY25's 29.8% is the highest of them. Why the margin moved: operating margin changed −1.3 percentage points on the year while gross margin changed −0.2 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales. When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold. ## Is Tencent Music Entertainment Group's profit turning into cash? Over the last 3 years, 123% of Tencent Music Entertainment Group's reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in CNY 10.2 B of operating cash against CNY 11.1 B of profit. After CNY 305 M of spending on assets, CNY 9.9 B was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. This company reports in Chinese yuan, not US dollars, so the money charts are left out here. The figures in the text are in that currency (CNY); nothing is converted. ## Where does Tencent Music Entertainment Group's cash go? Tencent Music Entertainment Group does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent CNY 789 M on assets over the last 3 years. Averaged over those years that is 0.8% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: CNY 789 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. This company reports in Chinese yuan, not US dollars, so the money charts are left out here. The figures in the text are in that currency (CNY); nothing is converted. ## What is Tencent Music Entertainment Group's P/E ratio, and how does it compare with its own history? Tencent Music Entertainment Group's P/E is 10.7×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the Tencent Music Entertainment Group business getting better or worse? Tencent Music Entertainment Group's business is giving mixed signals. There is no clear direction across the growth lines, with ROCE steady at 8.1%; each line tells part of the story. This is based on 12 quarters of 3 measures, with some gaps. Why it matters: when the lines disagree, each line above matters more than any single label. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does Tencent Music Entertainment Group earn on its capital? Tencent Music Entertainment Group earned a ROE of 13% in FY25. That is up from a low of 6% in FY21. Its return on capital used (ROIC) is 6.3 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 33.6% net margin and 0.32× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 33.6% net margin × 0.32× asset turnover × 1.23× leverage (assets divided by equity) ≈ 13.2% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 13.6% − 7.3% = +6.3 percentage points. The 7.3% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. A gap this wide means each dollar put back into the business creates more than a dollar of value. The 13.6% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 15.1%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Tencent Music Entertainment Group have too much debt? Tencent Music Entertainment Group has total debt of CNY 16.9 B against shareholder equity of CNY 81.1 B as of Jun 2026, so its debt is 0.21× its equity, which is very little. Year by year, that ratio went from 0.10 in FY21 to 0.05 in FY25. So the returns on this page come from the business, not from borrowed money. This company reports in Chinese yuan, not US dollars, so the money charts are left out here. The figures in the text are in that currency (CNY); nothing is converted. ## What is the Tencent Music Entertainment Group shareholding pattern? We have no ownership or short-position figures for Tencent Music Entertainment Group, so this section says so rather than fill the gap. At normal trading volumes, closing those positions would take about 4.4 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. ## How far is Tencent Music Entertainment Group from balance-sheet trouble? For Tencent Music Entertainment Group, the Z-score is 4.22. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 4.22 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does Tencent Music Entertainment Group rank in its industry? There is no score against its industry: Tencent Music Entertainment Group is not among the largest members shown in this industry comparison for Internet Content & Information. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is Tencent Music Entertainment Group compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to Tencent Music Entertainment Group in size? Tencent Music Entertainment Group is the 7th largest of 40 Internet Content & Information companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Nebius Group N.V., Baidu, Inc. and Reddit, Inc. Just below it: Pinterest, Inc., Snap Inc. and Match Group, Inc. ### Internet Content & Information companies close in size

1. [Nebius Group N.V.](https://www.sectoralpha.in/us/stocks/nbis) $41.6 billion
2. [Baidu, Inc.](https://www.sectoralpha.in/us/stocks/bidu) $25.4 billion
3. [Reddit, Inc.](https://www.sectoralpha.in/us/stocks/rddt) $18.6 billion
4. Tencent Music Entertainment Group $14.9 billion
5. [Pinterest, Inc.](https://www.sectoralpha.in/us/stocks/pins) $11.7 billion
6. [Snap Inc.](https://www.sectoralpha.in/us/stocks/snap) $9.5 billion
7. [Match Group, Inc.](https://www.sectoralpha.in/us/stocks/mtch) $8.8 billion

[All 40 Internet Content & Information companies, largest first](https://www.sectoralpha.in/us/sectors/internet-content-information#all-companies)

### Companies close in size in other industries

1. [Brookfield Wealth Solutions Ltd.](https://www.sectoralpha.in/us/stocks/bnt) $14.8 billion · Insurance - Diversified
2. [Neurocrine Biosciences, Inc.](https://www.sectoralpha.in/us/stocks/nbix) $14.8 billion · Drug Manufacturers - Specialty & Generic
3. Tencent Music Entertainment Group $14.7 billion
4. [Manhattan Associates, Inc.](https://www.sectoralpha.in/us/stocks/manh) $14.7 billion · Software - Application
5. [Equitable Holdings, Inc.](https://www.sectoralpha.in/us/stocks/eqh) $14.7 billion · Asset Management

## What else do people ask about Tencent Music Entertainment Group? ### What were Tencent Music Entertainment Group's latest quarterly results? Tencent Music Entertainment Group reported revenue of CNY 8.9 B and net profit of CNY 2.5 B for the Jun 2026 quarter. Revenue rose 5.8% and profit rose 2.6% compared with a year earlier. The operating margin was 29.2%, 1.3 percentage points lower than a year earlier (as of 3 November 2026). ### What is Tencent Music Entertainment Group's market cap? Tencent Music Entertainment Group's market capitalisation is $14.9 B at a stock price of $9.04. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Tencent Music Entertainment Group performing? Tencent Music Entertainment Group's share price has been falling for 25 weeks. In its latest quarter, revenue rose 5.8% and profit rose 2.6% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 14 weeks running (as of 3 November 2026). ### Will Tencent Music Entertainment Group's stock price go up? This page does not forecast Tencent Music Entertainment Group's stock price. What it shows instead: the stock price is $9.04, and it has been falling for 25 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Is Tencent Music Entertainment Group's profit real cash? Yes, over the last 3 years, 123% of Tencent Music Entertainment Group's reported profit came in as cash from operations. The latest year was lower at 93%, so the trend is worth watching. In FY25, operating cash was CNY 10.2 B against reported profit of CNY 11.1 B. Most of that cash then goes into building new capacity. These are yearly figures (as of 3 November 2026). ### Where is Tencent Music Entertainment Group in its business cycle? Tencent Music Entertainment Group's FY25 operating margin was 29.8%, against a 5-year range of 10.0% to 29.8%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 29.2%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Tencent Music Entertainment Group story? Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Tencent Music Entertainment Group a stock worth studying right now? What the numbers show: Tencent Music Entertainment Group's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.