Added to YB: 2025-11-19
Pitch date: 2025-11-14
TME [bullish]
Tencent Music Entertainment Group
-3.16%
current return
Author Info
No bio for this author
Company Info
Tencent Music Entertainment Group operates online music entertainment platforms that provides music streaming, online karaoke, and live streaming services in the People’s Republic of China.
Market Cap
$212.6B
Pitch Price
$74.30
Price Target
20.90 (-71%)
Dividend
0.95%
EV/EBITDA
15.39
P/E
19.37
EV/Sales
6.21
Sector
Entertainment
Category
growth
Tencent Music Entertainment Group - $TME
TME: China's leading music streamer (70% market share) pivoting from growth to monetization. SVIP premium tier driving ARPU growth 7 consecutive qtrs to 11.9. Strong fan economy moat via exclusive concerts, artist perks. XML acquisition adds 300M MAU podcast users. 22x fwd P/E vs peers, 1Y PT $20.90 (+11.7%). Risk: competition from ByteDance's Soda Music gaining users.
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