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Tencent Music Entertainment Group (TME)

NYSE - Nasdaq Real Time Price. Currency in USD
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4.0500-0.0100 (-0.25%)
As of 02:54PM EDT. Market open.
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Trade prices are not sourced from all markets
Previous Close4.0600
Open4.1800
Bid4.0300 x 21500
Ask4.0400 x 3100
Day's Range4.0200 - 4.3150
52 Week Range2.9500 - 16.5300
Volume14,888,148
Avg. Volume20,438,830
Market Cap7.003B
Beta (5Y Monthly)1.13
PE Ratio (TTM)11.74
EPS (TTM)0.3450
Earnings DateMar 21, 2022 - Mar 25, 2022
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est12.46
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  • Reuters

    UPDATE 3-Tencent Music's Q1 revenue downbeat, shares rise amid hopes for regulatory easing

    China's Tencent Music Entertainment posted a 15% slump in first-quarter revenue, matching expectations, but saw its shares join a sector-wide surge on Tuesday as hopes grew for a loosening of regulatory curbs on China's tech giants. As part of a broad clampdown on China's internet firms that began last year, regulators stripped Tencent Music of its exclusive contracts with big music labels, spurring competition from rivals like Cloud Music and Bytedance-owned short video sharing platform Douyin. Analysts said the revenue drop had been well flagged by Tencent Music, and shares gained 3.4% in after-hours New York trading as Chinese state media reported the country's top political consultative body was hosting a meeting on Tuesday with some firms on how to promote the digital economy.

  • Reuters

    Tencent Music's Q1 revenue downbeat, shares rise amid hopes for regulatory easing

    China's Tencent Music Entertainment posted a 15% slump in first-quarter revenue, matching expectations, but saw its shares join a sector-wide surge on Tuesday as hopes grew for a loosening of regulatory curbs on China's tech giants. As part of a broad clampdown on China's internet firms that began last year, regulators stripped Tencent Music of its exclusive contracts with big music labels, spurring competition from rivals like Cloud Music and Bytedance-owned short video sharing platform Douyin. Analysts said the revenue drop had been well flagged by Tencent Music, and shares gained 3.4% in after-hours New York trading as Chinese state media reported the country's top political consultative body was hosting a meeting on Tuesday with some firms on how to promote the digital economy.