# Tencent Music Entertainment Group (TME)

> Source: Nexqual · https://nexqual.com/TME · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Tencent Music Entertainment Group (TME), nexqual.com/TME" · informational, not investment advice.

**Price:** USD 8.6 (+1.90% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 8.44 · day 8.3–8.68 · 52w 7.66–23.86 · market cap $14.0B · NYQ

## Key facts
- 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)
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
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)
|  | 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) |

## Peers (Internet Content & Information)
PINS (Pinterest, Inc.) USD 22.93 -0.09% · SNAP (Snap Inc.) USD 6.35 +0.00% · 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%

## More
Full page: https://nexqual.com/TME · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in TME's own 20-F filed 2026-04-17 (https://www.sec.gov/Archives/edgar/data/1744676/000119312526160257/tme-20251231.htm):

| 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 Co…" |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.50 | $1.64 | -8.4% | $9.14B | 10 |
| Next quarter (ends 2026-12-31) | $1.57 | $1.73 | -9.3% | $9.32B | 7 |
| Current fiscal year (ends 2026-12-31) | $6.25 | $6.48 | -3.4% | $35.36B | 20 |
| Next fiscal year (ends 2027-12-31) | $6.75 | $7.17 | -5.9% | $38.17B | 21 |