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Tencent Music Entertainment Group (TCMEF) stock

TCMEFOTCRadio Broadcasting StationsFiscal year ends December 31Also trades as TME
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 17, 2026Score 12/30
$4.69+0.70 (+17.54%)

Close on Oct 19, 2026Market cap $7.38BP/E –Yield –

Tencent Music Entertainment Group grew revenue 15.8% to CN¥32.90B over fiscal 2025. Operating income rose 53.4% to CN¥13.36B, moving the operating margin from 30.7% to 40.6%. Free cash flow was CN¥9.93B, down 0.3% from a year earlier. At the latest close the market valued the company at CN¥49.12B.

Revenue
CN¥32.90B
+15.8% vs. a year earlier
Operating income
CN¥13.36B
+53.4% vs. a year earlier
Free cash flow
CN¥9.93B
-0.3% vs. a year earlier

Key statistics

Valuation at the latest close; fundamentals over fiscal 2025, balances at Jun 30, 2026

Valuation

Market cap
CN¥49.12B
P/E ratio
–
Price to sales
1.49
Price to book
0.63
Dividend yield
–
Free cash flow yield
20.21%

Fundamentals

Revenue
CN¥32.90B
Net income
CN¥11.06B
Free cash flow
CN¥9.93B

Trading

Previous close
$3.99
Open
$4.69
Day's range
$4.69 – $4.69
Volume
2,000
Beta (5 years)
1.04
RSI (14 days)
68.1
Volatility (1 year)
46.9%
Relative volume
1.01×
WACC
9.4%

Market cap history

Month-end market cap since 2018, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Oct 19, 2026. The S&P 500 is measured by the SPY fund.

PeriodTCMEFS&P 500DifferenceTCMEF per yearS&P 500 per year
1 month+17.5%+0.6%+16.9 pts
3 months-24.8%+3.4%−28.2 pts
Year to date-55.0%+13.3%−68.3 pts

Ten years at a glance

Fiscal years 2016 to 2025, CNY

Revenue

CN¥32.90B+15.8% YoY

Gross profit

CN¥14.54B+20.9% YoY

Operating income

CN¥13.36B+53.4% YoY

Net income

CN¥11.06B+66.4% YoY

Free cash flow

CN¥9.93B-0.3% YoY
Reported period

Press releases

Releases Tencent Music Entertainment filed with the SEC as exhibits to Form 8-K or 6-K

  1. Tencent Music Entertainment Group to Report Third
    6-K
  2. Hong Kong Exchanges and Clearing Limited and
    6-K
  3. Tencent Music Entertainment Group Announces Closing of US$1,000 Million Notes Offering
    6-K
  4. Tencent Music Entertainment Group Announces Pricing of US$1,000 Million Notes Offering
    6-K
  5. Tencent Music Entertainment Group Announces Notes Offering
    6-K
  6. Unaudited Condensed Consolidated Interim Financial Information for the Six Months Ended June 30, 2025 and 2026
    6-K
All press releases and earnings

About Tencent Music Entertainment

Radio Broadcasting Stations

Tencent Music Entertainment provides online music and social entertainment services to consumers and online users. The company delivers digital music streaming, audio entertainment platforms, and social entertainment offerings across dedicated content networks. It manages audio and digital media services through operating entities including Beijing Kuwo Technology, Shenzhen Lanren Online Technology, and Guangzhou Fanxing Entertainment Information Technology.

Company profile, executives and history

Tencent Music Entertainment stock: common questions

What is Tencent Music Entertainment's stock price?

TCMEF closed at $4.69 on Oct 19, 2026, up 17.54% on the day.

What is Tencent Music Entertainment's market cap?

Tencent Music Entertainment was worth $7.38B at the close on Oct 19, 2026: the share price times the diluted shares outstanding.

How much revenue does Tencent Music Entertainment make?

Tencent Music Entertainment reported revenue of CN¥32.90B for fiscal 2025, up 15.8% from a year earlier.

Does Tencent Music Entertainment pay a dividend?

No. Tencent Music Entertainment has not paid a cash dividend over the last twelve months.

Who are Tencent Music Entertainment's competitors?

Companies most similar to Tencent Music Entertainment by business, industry and size include SPOT, SIRI, IHRT, SKYD, BILI.

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