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The latest announcement is out from Tencent Music Entertainment Group Class A ( (HK:1698) ).
Tencent Music Entertainment Group announced a strong financial performance for the third quarter of 2025, with total revenues reaching RMB8.46 billion, marking a 20.6% year-over-year increase. The growth was driven by a 27.2% rise in online music services revenues and a 17.2% increase in music subscription revenues. The company’s net profit attributable to equity holders grew by 36.0% year-over-year, demonstrating robust financial health. TME’s strategic focus on content enrichment and service expansion, particularly in live experiences, has bolstered its subscription revenue growth and strengthened its position in the music industry.
The most recent analyst rating on (HK:1698) stock is a Buy with a HK$110.70 price target. To see the full list of analyst forecasts on Tencent Music Entertainment Group Class A stock, see the HK:1698 Stock Forecast page.
More about Tencent Music Entertainment Group Class A
Tencent Music Entertainment Group is a leading online music and audio entertainment platform in China. The company focuses on providing a wide range of music services, including online music streaming, music subscriptions, and live music experiences, catering to a large and diverse audience in the Chinese market.
Average Trading Volume: 1,051,346
Technical Sentiment Signal: Buy
Current Market Cap: HK$239.6B
For an in-depth examination of 1698 stock, go to TipRanks’ Overview page.