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) will publish its unaudited financial results for Q3 2021 on November 8, 2021, after U.S. market close. The management team will conduct a conference call at 8:00 P.M. Eastern Time on the same day to discuss the results. Interested parties can access the call through various local and international dial-in numbers. Tencent Music operates popular music apps such as QQ Music, Kugou Music, and Kuwo Music, aiming to enhance the role of music in everyday life through technology.
Tencent Music Entertainment Group (TME) reported Q2 2021 results with total revenues of RMB8.01 billion (US$1.24 billion), up 15.5% year-over-year. Online music services saw a 32.8% revenue increase, driven by a 36.3% rise in music subscriptions, totaling RMB1.79 billion (US$277 million). Paying users reached 66.2 million, reflecting a 40.6% growth. However, net profit fell to RMB827 million (US$128 million), down from RMB939 million in Q2 2020. Operating expenses rose 28.7% to RMB1.68 billion (US$260 million), impacting margins. The company is adapting to regulatory changes around music licensing.
Tencent Music Entertainment Group (TME), China's leading online music platform, announced it will release its Q2 2021 financial results on August 16, 2021, after U.S. market close. A conference call will follow at 8:00 PM ET, featuring management discussion of the results. The replay will be available until August 23, 2021. TME operates popular music apps like QQ Music and Kugou Music, aimed at enhancing the role of music in everyday life through innovative technology. More information can be found on their investor relations website.
Tencent Music (TME) reported strong financial results for Q1 2021, with total revenues reaching RMB7.82 billion (US$1.19 billion), up 24.0% YoY. Online music paying users grew to 60.9 million, marking a 42.6% increase from the previous year. Online music services revenues surged by 34.5%, driven by a 40.2% growth in music subscriptions. Net profit attributable to equity holders was RMB926 million (US$141 million), with Non-IFRS net profit at RMB1.18 billion (US$180 million). The company continues to invest in long-form audio content and user engagement strategies.
Tencent Music Entertainment Group (TME) has announced a multi-year extension of its digital distribution agreement with Sony Music Entertainment (SME). This agreement ensures that SME's music will remain available across TME’s platforms, including QQ Music, Kugou Music, and WeSing, in mainland China. TME's Executive Chairman emphasized the collaboration aims to explore new marketing avenues and engage fans of Japanese pop culture. SME expressed enthusiasm for maximizing artist reach in China, highlighting the importance of this partnership in the growing Chinese music market.
Tencent Music Entertainment Group (TME), China's leading online music platform, will announce its unaudited financial results for Q1 2021 on May 17, 2021, after U.S. market close. A conference call will be held the same day at 8:00 PM ET. Investors can access the call via multiple international numbers. Tencent Music operates popular music apps like QQ Music, Kugou Music, Kuwo Music, and WeSing, focusing on enhancing music's role in people's lives through technology.
Tencent Music Entertainment Group (TME) announced its first-year highlights and strategies for long-form audio at a Beijing press conference on April 23, 2021. Following the acquisition of Lazy Audio, TME launched Lanren Changting, integrating key resources to enhance its content ecosystem. With over 100 million long-form audio users, a growth of 230% year-over-year, TME has developed a diverse audio library and collaborated with prominent personalities for content. The company aims to leverage ad-based monetization to expand access to premium audio, positioning itself as a leader in China's long-form audio market.
Tencent Music Entertainment Group (TME) has announced significant leadership changes, appointing Cussion Kar Shun Pang as Executive Chairman and Zhu Liang (Ross Liang) as the new CEO effective April 15, 2021. Ross, previously Vice President at Tencent Holdings, will oversee TME’s various music platforms. Dowson Tong Sang, former Chairman, will resign after five years, credited with TME's growth and strategic mergers. Both new leaders aim to enhance TME's online music presence and capitalize on growth opportunities in the sector.
Tencent Music Entertainment Group (TME) filed its annual report on Form 20-F with the SEC on April 9, 2021, detailing its audited financial statements for the fiscal year ended December 31, 2020. This report underlines TME's commitment to transparency, allowing stakeholders to access vital financial data via its investor relations site. Shareholders can request a free hard copy of the report. TME is recognized as China's leading online music platform, providing popular music apps such as QQ Music and Kugou Music, fulfilling its mission to elevate music's role in everyday life.
