Tencent Music Entertainment Group (TME) Stock Price & Analysis
Tencent Music Entertainment Group (TME) closed at USD 8.6 on Thursday, October 22, 2026, up 1.90% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 8.44; the Oct 22, 2026 session ranged USD 8.3–8.68 on volume of 4,886,332 shares. Market capitalization is $14.02B, with a 52-week range of USD 7.66–23.86 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:21 UTC.
Also available as compact Markdown for AI agents: nexqual.com/TME.md
Key facts (TME)
- 3 of 80 tracked superinvestors hold TME (13F, Q2 2026): 1 new, 0 added, 1 reduced, 1 unchanged.
- Analysts: Buy (mean 2.28 on a 1–5 scale) (29 analysts), mean target USD 12.68 (range 9.1–24.15).
- Total return with dividends: 1Y -61.3% vs S&P 500 +14.9%; 5Y +6.3% vs S&P 500 +80.3%.
- Next earnings: 2026-11-17, EPS estimate USD 1.5, revenue estimate $9.14B.
Superinvestors (SEC 13F-HR, Q2 2026) (TME)
3 of 80 tracked investors hold TME. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Li Lu | Himalaya Capital Management | 1.49% | $55.0M | Unchanged |
| Mason Hawkins | Southeastern Asset Management | 1.00% | $19.2M | New position |
| Polen Capital | Polen Capital Management | 0.03% | $3.4M | Reduced -0.8% |
Analysts (TME)
Consensus Buy (mean 2.28 on a 1–5 scale), 29 analysts; mean target USD 12.68 (low 9.1, high 24.15).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-12 | China Renaissance | Downgrade | Buy → Hold | $9.3 |
| 2026-08-12 | Mizuho | Target lowered | Outperform | $18 → $15 |
Total return (dividends reinvested) (TME)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -61.3% | +6.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -61.4% | +1.2% |
| Volatility (annualized) | 49.4% | 53.8% |
| Max drawdown | -66.5% (Oct 2025→Oct 2026) | -68.9% (Aug 2025→Sep 2026) |
TME suppliers, customers and competitors (named in its 20-F)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | KADOKAWA | “In this regard, we renewed contracts with top South Korean labels Starship Entertainment and YG Entertainment, maintaining our leadership in Korean content, and extended partnership with Japan's top ACG label KADOKAWA Corporation, added thousands of tracks including popular anime theme songs, further expanding genre coverage for music lovers.” |
Quoted from the company's 20-F filed Apr 17, 2026.
TME analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.50 | $1.64 | -8.4% | $9.14B | 10 |
| Next quarter (ends Dec 2026) | $1.57 | $1.73 | -9.3% | $9.32B | 7 |
| Current fiscal year (ends Dec 2026) | $6.25 | $6.48 | -3.4% | $35.36B | 20 |
| Next fiscal year (ends Dec 2027) | $6.75 | $7.17 | -5.9% | $38.17B | 21 |
TME options: expected move
Options price a move of about ±10.5% (±$0.90) by Nov 20, 2026, which includes earnings on Nov 17, 2026.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 42.5% | ±10.5% |
| Dec 18, 2026 | 56 | 40.0% | ±13.4% |
| Jan 15, 2027 | 84 | 40.6% | ±16.3% |
| Apr 16, 2027 | 175 | 41.6% | ±24.1% |
30-day implied volatility 41.1% vs 31.5% realized over the last 30 trading days. Put/call ratio (volume) 0.7. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:21 UTC)
| Price | USD 8.6 |
|---|---|
| Change | ▲ 1.90% (up) |
| Previous Close | USD 8.44 |
| Open | USD 8.32 |
| Day Range | USD 8.3 – 8.68 |
| 52-Week Range | USD 7.66 – 23.86 |
| Volume | 4,886,332 shares |
| Market Cap | $14.02B |
| Exchange | NYQ |
Technical Analysis (TME)
Nexqual's technical model rates TME "BUY" based on 5 bullish and 1 bearish signals across 127 daily candles, as of October 23, 2026 at 09:21 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 59.13 (neutral) |
| vs SMA50 | Above (USD 8.32) |
| MACD | 0.1 (positive) |
Analyst Ratings (TME)
Wall Street analysts rate TME "Buy" based on 29 analysts, with a mean price target of USD 12.68 (range USD 9.1–24.15), per Nexqual as of October 23, 2026 at 09:21 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 29 |
| Mean Target | USD 12.68 |
| High Target | USD 24.15 |
| Low Target | USD 9.1 |
| Buy / Hold / Sell | 18 / 11 / 0 |
Earnings (TME)
| Next Earnings Date | 2026-11-17 |
|---|---|
| EPS Estimate | USD 1.5 |
| Revenue Estimate | $9.14B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.7 vs est 1.62 ▲ beat |
| 2026-03-31 | USD 1.46 vs est 1.43 ▲ beat |
| 2025-12-31 | USD 1.6 vs est 1.59 ▲ beat |
| 2025-09-30 | USD 1.54 vs est 1.52 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Financials & Fundamentals (TME)
| Total Revenue | $33.93B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +5.80% |
| Gross Margin | +44.32% |
| Operating Margin | +29.18% |
| Profit Margin | +26.28% |
| ROE | +10.97% |
| Debt / Equity | 0.21 |
| Current Ratio | 1.75 |
| Total Cash | $30.65B |
| Total Debt | $16.88B |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Financial Health Score (TME)
Nexqual rates Tencent Music Entertainment Group's overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:21 UTC.
| Growth | Strong — Revenue +16% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 44%, operating 29% (last 12 months) |
| Balance Sheet | Strong — CNY 30.7B cash vs CNY 16.9B debt, net cash position |
| Cash Flow | Solid — Operating cash flow CNY 11.3B (TTM) |
| Efficiency | Mixed — ROE 11%, ROA 5.6% |
Ownership (TME)
| Insider Ownership | +0.00% |
|---|---|
| Institutional Ownership | +60.51% |
| Shares Outstanding | 797.29M |
| Float | 652.17M |
| Short % of Float | +5.53% |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| PINS | Pinterest, Inc. | USD 22.93 | ▼ 0.09% |
| SNAP | Snap Inc. | USD 6.35 | ▲ 0% |
| MTCH | Match Group, Inc. | USD 45.92 | ▼ 0.82% |
| ZG | Zillow Group, Inc. | USD 35.14 | ▲ 8.42% |
| BIDU | Baidu, Inc. | USD 77.98 | ▼ 1.07% |
| BZ | KANZHUN LIMITED - American Depo | USD 16.41 | ▲ 0.92% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:21 UTC. This page is informational and not investment advice.
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