Welcome to our dedicated page for Tencent Music Entertainment Group news (Ticker: TME), a resource for investors and traders seeking the latest updates and insights on Tencent Music Entertainment Group stock.
Tencent Music Entertainment Group (TME) operates China's leading integrated music and audio platform, powering services like QQ Music, Kugou, and WeSing. This page delivers verified updates on TME's financial results, strategic partnerships, and technological advancements in digital entertainment.
Investors and industry professionals will find curated press releases and news covering earnings announcements, content licensing deals, user engagement metrics, and expansions into new markets. Track developments in live streaming, karaoke features, and AI-driven music recommendations.
All content is organized to provide clarity on TME's operational milestones and competitive positioning. Regular updates ensure stakeholders stay informed about innovations shaping China's digital music landscape.
Bookmark this page for direct access to TME's official communications and analysis. Visit frequently to monitor the company's growth in interactive entertainment and social audio experiences.
Tencent Music Entertainment Group (TME) has launched its Global Music Outreach Initiative, aiming to showcase Chinese music artists on international stages. The initiative kicks off in Singapore from September 13 to 17, 2024, coinciding with the Singapore Grand Prix Season. TME will present live performances by prominent Chinese acts, host music sessions, campus visits, and industry forums.
The company will participate in the Asia-Pacific music forum, Music Matters, and collaborate with local universities for cultural exchanges. TME has partnered with People's Daily to create the theme song "Hear It," featuring Chinese singer-songwriter Tia Ray. The initiative will expand to other countries, furthering TME's mission to share Chinese music globally and create new opportunities for industry growth.
Tencent Music Entertainment Group (NYSE: TME) reported its Q2 2024 financial results. Total revenues decreased 1.7% YoY to RMB7.16 billion (US$985 million), primarily due to a decline in social entertainment services. However, online music services saw strong growth, with music subscription revenues up 29.4% YoY to RMB3.74 billion (US$515 million). The number of paying users increased 17.7% YoY to 117.0 million. Net profit grew 33.1% YoY to RMB1.79 billion (US$247 million). The company's focus on user-centric innovation and content enrichment led to improved subscriber growth and retention. TME continues to expand its content library, deepen record label collaborations, and enhance its self-produced content offerings.
Tencent Music Entertainment Group (NYSE: TME and HKEX: 1698), China's leading online music and audio entertainment platform, has announced a significant management change. Ms. Linlin Chen, the company's Group Vice President, has resigned from her position and other relevant roles, effective September 30, 2024. The resignation is attributed to personal reasons.
Mr. Cussion Pang, Executive Chairman of TME, expressed gratitude for Ms. Chen's dedicated service and acknowledged her contributions to the success of Kugou Music, one of China's leading music streaming platforms. The company respects her decision and wishes her well in her future endeavors.
Tencent Music Entertainment Group (NYSE: TME, HKEX: 1698), China’s leading online music and audio entertainment platform, will release its unaudited financial results for Q2 2024 on August 13, 2024, before the U.S. market opens.
A Tencent Meeting Webinar will be held on the same day at 7:00 A.M. ET or 7:00 P.M. Beijing/Hong Kong Time to review and discuss the company's business and financial performance. Participants are required to register online in advance to receive access information. A live and archived webcast will be available on Tencent Music's investor relations website.
Tencent Music Entertainment Group (TME) held its 2024 Annual General Meeting (AGM) in Hong Kong on June 28, 2024.
All proposed resolutions, as listed in the AGM notice dated May 21, 2024, were passed successfully. TME continues to maintain its position as the leading online music and audio entertainment platform in China.
Tencent Music Entertainment Group (TME) announced its annual general meeting (AGM) will be held on June 28, 2024, at 10 a.m. in Hong Kong. The AGM will occur at 10/F, The Hong Kong Club Building, 3A Chater Road, Central, Hong Kong. Shareholders will vote on proposed resolutions supported by the Board of Directors. Those holding the company's ordinary shares as of May 21, 2024, can attend and vote. ADS holders must provide voting instructions to The Bank of New York Mellon. Additionally, TME has filed its annual report on Form 20-F for the fiscal year ended December 31, 2023, with the SEC. The report, including audited financial statements, is available on the SEC and company websites.
Tencent Music Entertainment Group reported its first quarter 2024 financial results, showing a 3.4% year-over-year decrease in total revenues. The number of paying users for online music services increased by 20.2% year-over-year, while revenues from music subscriptions grew by 39.2%. Net profit and diluted earnings per ADS also saw significant growth. The company declared an annual cash dividend of approximately US$210 million for the year ended December 31, 2023. Despite a decrease in revenues from social entertainment services, TME highlighted its focus on high-quality growth and strong net profit margin expansion. The company's operational highlights included expanding content offerings, renewing partnerships, and launching new features to enhance user engagement and music consumption.
