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09:27 ETStreamUnlimited StreamSDK Now Supports TME Connect
prnewswire·22 hours ago
- StreamUnlimited Engineering has integrated TME Connect into its StreamSDK audio-streaming platform. - The integration allows manufacturers to develop connected-audio products compatible with Tencent Music Entertainment and Ximalaya services. - This development empowers global brands to efficiently access the Chinese market and streamline product development.
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Tencent Music Entertainment Group Class A (1698) Receives a Buy from Orient Securities
Tip Ranks·1 day ago, 12:16 AM
- Orient Securities maintained a Buy rating on Tencent Music Entertainment Group Class A with a price target of HK$49.35. - Goldman Sachs also reaffirmed its Buy rating on the stock on August 12, setting a price target of HK$46.00.
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The 2nd TMElive International Music Awards concluded, bringing together 34 Chinese and international acts to deliver a phenomenal global music celebration | TME Stock News
StockTitan·1 day ago, 04:54 PM
- Tencent Music Entertainment Group successfully concluded the 2nd TMElive International Music Awards at Kai Tak Stadium in Hong Kong, China, on August 23, 2026. - The two-day event featured 34 top Chinese and international acts across three chapters, drawing tens of thousands of fans and announcing multiple prestigious music honours. - The event aimed to build an important platform connecting diverse music cultures while promoting exchange and development across global music industries.
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Streaming Stocks To Research - August 22nd
Market Beat·2 days ago, 03:01 PM
- MarketBeat's stock screener has identified Spotify Technology, Franco-Nevada, Roku, NetEase, and Tencent Music Entertainment Group as the top five streaming stocks with the highest dollar trading volume. - These companies provide digital streaming services spanning audio, video, online gaming, and royalty management across global markets. - Performance in this sector is typically driven by factors such as subscriber growth, content costs, advertising revenue, and industry competition.
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Tencent Music Entertainment Group (TME) Stock Climbed, What Is Driving Attention Now?
Simplywall·Aug 20 at 02:33 PM
- Tencent Music Entertainment Group reported its Q2 2026 results alongside a $400 million share repurchase covering 2.82% of shares and a recent music IP summit. - The company's short-term momentum shows a 2.62% one-day and 6.62% seven-day share price rise, while trading below analyst targets and a fair value estimate of $14.97 against a $9.02 close. - Growth is supported by the Ximalaya audio platform, live entertainment, and content differentiation, though regulatory scrutiny and offline event spending pose risks.
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D B Cuts TME-SW TP to HKD57; 2Q Results In Line
AASTOCKS News·Aug 17 at 10:51 PM
- Deutsche Bank reported that TME-SW's 2Q results met expectations, featuring a 6 % YoY revenue increase and a 4 % YoY growth in adjusted net profit. - The broker adjusted its FY2026/FY2027 forecasts by raising revenue projections by 2 % while lowering adjusted net profit projections by 2 % to 3 %. - Driven by margin deterioration and reduced long-term free cash flow forecasts, Deutsche Bank cut its target price to HKD57 while reiterating a Buy rating.
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Why Tencent Music stock sank this week
MSN·Aug 15 at 08:32 AM
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Tencent Music Entertainment Group Class A (1698) Gets a Buy from CICC
Tip Ranks·Aug 15 at 12:06 AM
- CICC analyst maintained a Buy rating on Tencent Music Entertainment Group Class A on August 12 with a price target of HK$55.50. - The company's shares closed at HK$33.72, and the stock currently has a consensus price target of HK$48.18 indicating a 42.88% upside. - Goldman Sachs also maintained a Buy rating on the stock with a price target of HK$46.00 in a report released on August 12.
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Tencent Music Posts Slowest Growth In 2 Years Amid ByteDance Competition
benzinga_article·Aug 14 at 06:44 AM
- Tencent Music recorded its slowest revenue growth in two years at 5.8% in the second quarter, reaching 8.93 billion yuan ($1.32 billion). - The company is facing intense competition from ByteDance's Soda Music, which has driven down Tencent Music's stock by half this year and caused a decline in monthly active users. - Tencent Music is responding by leveraging the broader Tencent ecosystem, organizing offline events, and integrating Ximalaya to defend its market leadership.
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Nomura Downgrades Tencent Music Entertainment Group to Neutral, Cuts TP to USD10
AASTOCKS News·Aug 14 at 05:06 AM
- Nomura downgraded Tencent Music Entertainment Group from Buy to Neutral and cut its target price to USD 10. - The downgrade was driven by rising competition from ByteDance's Soda Music, which uses AI remix technology to capture price-sensitive users. - This competitive pressure has caused slower growth in Tencent Music's advertising and membership revenue, creating long-term headwinds.
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Barclays Remains a Buy on Tencent Music Entertainment Group (TME)
Tip Ranks·Aug 13 at 09:15 AM
- Barclays analyst Jiong Shao maintained a Buy rating on Tencent Music Entertainment Group with a price target of $ 20.00 . - The company also received a Buy rating from Mizuho Securities, while UBS maintained a Hold rating yesterday . - Analyst Jiong Shao covers the Consumer Cyclical sector and is recognized as a 4 - star analyst on TipRanks .
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Tencent Music Entertainment Group (NYSE:TME) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS
Market Beat·Aug 12 at 02:11 PM
- Tencent Music Entertainment Group reported second-quarter earnings of $0.25 per share, beating consensus estimates of $0.24, with revenue rising 5.8% year-over-year to $1.32 billion. - The company's growth was driven by music-related services, membership revenue increases, strong IP-driven businesses, and the consolidation of Ximalaya into its platform. - Management maintained share repurchases of $400 million during the quarter while navigating macroeconomic headwinds and competitive pressures affecting subscription growth.
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This Apogee Therapeutics Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Wednesday
benzinga_article·Aug 12 at 11:18 AM
- Several prominent Wall Street analysts adjusted their ratings and lowered price targets for multiple major companies on Wednesday. - Raymond James downgraded On Holding AG from Strong Buy to Outperform with a $38 price target, while Deutsche Bank lowered AtaiBeckley Inc to Hold with an $8 target. - Additional downgrades included BTIG shifting Apogee Therapeutics to Neutral, Oppenheimer cutting Legend Biotech to Perform with a $40 target, and China Renaissance moving Tencent Music to Hold with a $9.3 price target.
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UOB Kay Hian Sticks to Their Buy Rating for Tencent Music Entertainment Group Class A (1698)
Tip Ranks·Aug 12 at 11:05 AM
- Analyst Julia Pan from UOB Kay Hian has maintained a Buy rating on Tencent Music Entertainment Group Class A. - The rating is accompanied by a price target of HK$ 53.00. - The broader analyst consensus currently views the stock as a Moderate Buy with an average price target of HK$ 54.59.
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Tencent Music Entertainment Group Class A (1698) Gets a Buy from Goldman Sachs
Tip Ranks·Aug 12 at 06:16 AM
- Goldman Sachs analyst Lincoln Kong maintained a Buy rating on Tencent Music Entertainment Group Class A with a price target of HK$ 46.00. - The analyst focuses on the Communication Services sector, covering stocks like Tencent Music and NetEase. - The broader market consensus suggests a Moderate Buy rating for the stock with an average price target of HK$ 55.44.
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