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Tencent Music Entertainment Group (1698.HK)
Shenzhen, CN
Tencent Music Entertainment Group (TME) is a prominent digital music and entertainment provider within the People's Republic of China, delivering a comprehensive suite of services including music streaming, online karaoke, and interactive live performances. Its core music platforms, such as QQ Music, Kugou Music, and Kuwo Music, enable users to discover and enjoy music in tailored ways. WeSing serves as a social karaoke application, allowing individuals to sing, interact with friends, share performances, and find new songs. TME also manages interactive live streaming channels like Kugou Live and Kuwo Live, which offer performers a platform to showcase their talents and engage directly with their audience. Additionally, Kuwo Changting provides a wide array of audio content, ranging from audiobooks and cross-talks to radio dramas and other entertainment genres. Beyond its digital services, the company distributes music-related merchandise, including headsets, smart speakers, and karaoke microphones, and offers online ticketing for music events. TME further collaborates with smart device and automotive manufacturers to integrate and operate music services on their products. Headquartered in Shenzhen, China, Tencent Music Entertainment Group maintains a strategic partnership with China Literature and operates as a subsidiary of Tencent Holdings Limited.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -2.32% | -3.92% | -3.97% | -40.14% | -53.28% | -48.81% | -35.19% | +21.17% | +93.85% | +93.85% | +93.85% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 2 | 0 |
| Buy | 9 | 0 |
| Hold | 4 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Internet Content & Information: +9.7%+12.9% ★ Q1'26: +6.4% (vs Q1'25)
-
EPS growth Internet Content & Information: +26.9%+63.7% ★ Q1'26: -51.8% (vs Q1'25)
-
FCF margin FCF growth · Internet Content & Information: +23.2%+31.7% Q1'26: +0.0% (vs Q1'25)
-
EBIT margin Internet Content & Information: +12.7%+41.1% ★ Q1'26: +29.6% (vs Q1'25)
-
ROIC Internet Content & Information: +7.3%+18.0% ★ Q1'26: +13.9% (vs Q1'25)
-
Share dilution Internet Content & Information: +0.3%-0.7% ★ Q1'26: +0.6% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Internet Content & Information: -1.09×0.29× ★ Q1'26: 0.50× (vs Q1'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 28 Rev. Ana. 5 EPS Ana. |
Dec 2027 28 Rev. Ana. 5 EPS Ana. |
Dec 2028 18 Rev. Ana. 2 EPS Ana. |
Dec 2029 23 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
18.99B
est: 21.93B (-13.4%)
|
25.43B
est: 28.07B (-9.4%)
|
29.15B
est: 34.83B (-16.3%)
|
31.24B
est: 38.36B (-18.6%)
|
28.34B
est: 32.45B (-12.7%)
|
27.75B
est: 29.88B (-7.1%)
|
28.40B
est: 28.42B (-0.1%)
|
32.05B
est: 32.27B (-0.7%)
|
36.04B
35.69B – 37.11B
+11.7% YoY
|
39.42B
35.84B – 48.63B
+9.4% YoY
|
42.69B
40.47B – 48.52B
+8.3% YoY
|
42.31B
40.11B – 48.08B
-0.9% YoY
|
| EBITDA |
2.41B
est: 5.03B (-52.1%)
|
5.19B
est: 6.43B (-19.3%)
|
5.56B
est: 7.98B (-30.4%)
|
4.75B
est: 8.79B (-45.9%)
|
5.65B
est: 7.44B (-24.1%)
|
7.17B
est: 6.85B (+4.7%)
|
9.81B
est: 7.77B (+26.4%)
|
13.16B
est: 8.82B (+49.3%)
|
9.85B
9.75B – 10.14B
+11.7% YoY
|
10.77B
9.79B – 13.29B
+9.4% YoY
|
11.66B
11.06B – 13.26B
+8.3% YoY
|
11.56B
10.96B – 13.14B
-0.9% YoY
|
| EBIT |
2.04B
est: 4.27B (-52.3%)
|
4.61B
est: 5.47B (-15.7%)
|
4.73B
est: 6.79B (-30.3%)
|
3.75B
est: 7.47B (-49.8%)
|
4.49B
est: 6.32B (-29.0%)
|
6.17B
est: 5.82B (+6.0%)
|
8.84B
est: 6.95B (+27.1%)
|
13.16B
est: 7.89B (+66.8%)
|
8.81B
8.73B – 9.07B
+11.7% YoY
|
9.64B
8.76B – 11.89B
+9.4% YoY
|
10.44B
9.89B – 11.86B
+8.3% YoY
|
10.34B
9.81B – 11.76B
-0.9% YoY
|
| Net Income |
1.83B
est: 3.22B (-43.0%)
|
3.98B
est: 4.29B (-7.1%)
|
4.16B
est: 4.73B (-12.2%)
|
3.03B
est: 3.95B (-23.4%)
|
3.68B
est: 4.20B (-12.5%)
|
4.92B
est: 5.53B (-11.1%)
|
6.64B
est: 6.66B (-0.2%)
|
10.77B
est: 10.39B (+3.7%)
|
9.49B
9.16B – 9.83B
-8.6% YoY
|
10.46B
9.90B – 11.00B
+10.2% YoY
|
12.02B
11.21B – 14.16B
+14.9% YoY
|
12.20B
11.38B – 14.37B
+1.5% YoY
|
| SGA |
3.97B
est: 4.15B (-4.4%)
|
4.74B
est: 5.32B (-10.7%)
|
5.58B
est: 6.60B (-15.5%)
|
6.69B
est: 7.26B (-7.9%)
|
5.56B
est: 6.14B (-9.6%)
|
5.02B
est: 5.66B (-11.3%)
|
4.68B
est: 5.13B (-8.9%)
|
4.73B
est: 5.83B (-18.8%)
|
6.51B
6.45B – 6.70B
+11.7% YoY
|
7.12B
6.47B – 8.78B
+9.4% YoY
|
7.71B
7.31B – 8.76B
+8.3% YoY
|
7.64B
7.25B – 8.69B
-0.9% YoY
|
| EPS |
0.60
est: 1.03 (-41.6%)
|
1.19
est: 1.37 (-13.1%)
|
1.25
est: 1.51 (-17.3%)
|
0.91
est: 1.26 (-27.9%)
|
1.15
est: 1.34 (-14.3%)
|
1.58
est: 1.77 (-10.6%)
|
2.15
est: 2.14 (+0.4%)
|
3.51
est: 3.34 (+5.0%)
|
3.05
2.95 – 3.16
-8.6% YoY
|
3.37
3.18 – 3.54
+10.2% YoY
|
3.87
3.61 – 4.55
+14.9% YoY
|
3.92
3.66 – 4.62
+1.5% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-12 | A- | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 2/5 | 2/5 |
| 2026-05-11 | A- | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 2/5 | 2/5 |
| 2026-05-08 | A- | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 2/5 | 2/5 |
| 2026-05-07 | A- | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 2/5 | 2/5 |
| 2026-05-06 | A- | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 2/5 | 2/5 |
| 2026-05-05 | A- | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 2/5 | 2/5 |
| 2026-05-04 | A- | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 2/5 | 2/5 |
| 2026-04-30 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 3/5 | 2/5 | 2/5 |
| 2026-04-29 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 3/5 | 2/5 | 2/5 |
| 2026-04-28 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 3/5 | 2/5 | 2/5 |
| 2026-04-27 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 3/5 | 2/5 | 2/5 |
| 2026-04-24 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 3/5 | 2/5 | 2/5 |
| 2026-04-23 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 2/5 | 2/5 | 2/5 |
| 2026-04-22 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 2/5 | 2/5 | 2/5 |
| 2026-04-21 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 2/5 | 2/5 | 2/5 |
| 2026-04-20 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 2/5 | 2/5 | 2/5 |
| 2026-04-17 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 2/5 | 2/5 | 2/5 |
| 2026-04-16 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 2/5 | 2/5 | 2/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | KraneShares FTSE Emerging Markets Consumer Technology Index ETF KEMQ | 0.74% | 202.0K | 0.80% |
| 2 | WisdomTree China ex-State-Owned Enterprises Fund CXSE | 0.14% | 710.6K | 0.32% |
| 3 | Goldman Sachs Innovate Equity ETF GINN | 0.14% | 293.3K | 0.50% |
| 4 | Franklin Emerging Market Core Dividend Tilt Index ETF DIEM | 0.12% | 83.8K | 0.19% |
| 5 | Kodex China Hang Seng Tech 372330.KS | 0.10% | 88.4K | 0.12% |
| 6 | Dimensional - Emerging Markets Value ETF DFEV | 0.08% | 1.52M | 0.46% |
| 7 | JPMorgan ActiveBuilders Emerging Markets Equity ETF JEMA | 0.07% | 1.17M | 0.33% |
| 8 | KraneShares Hang Seng TECH Index ETF KTEC | 0.07% | 38.2K | 0.69% |
| 9 | HSBC HANG SENG TECH UCITS ETF HSTC.L | 0.07% | 1.22M | 0.50% |
| 10 | John Hancock Multifactor Emerging Markets ETF JHEM | 0.06% | 571.2K | 0.58% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Brent Richard Irvin | Corporate Vice President, General Counsel & Director | — | male |
| Kar Shun Pang | Executive Chairman | — | male |
| Millicent T. | Head of IR | — | — |
| Min Hu | Chief Financial Officer & Director | — | female |
| T. Millicent | Head of IR | — | female |
| Tsai Chun Pan | Group Vice President & Head of Content Cooperation Business | — | male |
| Zhu Liang | Chief Executive Officer & Director | — | male |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for 1698.HK
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
