Tencent Music Entertainment Group ( (TME) ) has provided an update.
On April 23, 2025, Tencent Music Entertainment Group announced the filing of its 2024 annual report on Form 20-F with the SEC, which includes audited financial statements for the fiscal year ending December 31, 2024. This filing reflects the company’s commitment to transparency and provides stakeholders with detailed financial insights, potentially impacting investor confidence and market positioning.
Spark’s Take on TME Stock
According to Spark, TipRanks’ AI Analyst, TME is a Outperform.
Tencent Music Entertainment Group’s overall stock score reflects a strong financial performance aided by revenue growth, improved profitability, and robust cash flow generation. The optimistic guidance from the recent earnings call and strategic initiatives, including a share repurchase program, signal confidence in future growth. However, the technical analysis suggests current downward momentum, and the valuation shows a reasonable P/E ratio with a modest dividend yield, leading to a balanced outlook.
To see Spark’s full report on TME stock, click here.
More about Tencent Music Entertainment Group
Tencent Music Entertainment Group is a leading online music and audio entertainment platform in China, known for its popular music apps such as QQ Music, Kugou Music, Kuwo Music, and WeSing. The company focuses on integrating music with technology to offer services like online music, audio, karaoke, live streaming, and concerts, allowing users to engage with music in various interactive ways.
YTD Price Performance: 11.42%
Average Trading Volume: 8,811,506
Technical Sentiment Signal: Sell
Current Market Cap: $20.42B
See more data about TME stock on TipRanks’ Stock Analysis page.