Barclays Lifts Tencent Music Entertainment Group (TME) Price Target on Solid Q3 Results and Strong Growth Trajectory [Yahoo! Finance]
Tencent Music Entertainment Group American Depositary Shares, each representing two Class A Ordinary Shares (TME)
Last tencent music entertainment group american depositary shares, each representing two class a ordinary shares earnings: 3/16 04:15 pm
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Source: Yahoo! Finance
November 12, analysts at Barclays raised Tencent Music Entertainment Group (NYSE:TME)'s price target to $28 from $27, impressed by the company's strong third-quarter results. The firm also reiterated an Overweight rating buoyed by the company's growth trajectory. Barclays Lifts Tencent Music Entertainment Group (TME) Price Target on Solid Q3 Results and Strong Growth Trajectory Photo by Dylan McLeod on Unsplash The Chinese music streaming company reported a 20.6% increase in revenue, totaling $1.19 billion, driven by a 27.2% rise in online music service revenues to $979 million. The growth is attributed to increases across multiple revenue streams, including music subscriptions, offline performances, and advertising services. For starters, subscription revenues were up 17.2% year-over-year to $632 million, driven by growth in the SVIP membership program. Tencent Music Entertainment Group also benefited from the monthly average revenue per user increasing to $1.60 from $1.50, a
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News
- Tencent Music Entertainment Group (TME): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
- Tencent Music Entertainment Group (NYSE:TME) was downgraded by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from a "buy (b-)" rating to a "hold (c+)" rating.MarketBeat
- How Investors Are Reacting To Tencent Music (TME) Surging Online Revenue and Analyst Upgrades [Yahoo! Finance]Yahoo! Finance
- How Recent Developments Are Shaping the Story for Tencent Music Entertainment Group's Valuation [Yahoo! Finance]Yahoo! Finance
- Tencent Music (NYSE:TME): Assessing Valuation After Recent Share Price Volatility [Yahoo! Finance]Yahoo! Finance
TME
Earnings
- 11/12/25 - Beat
TME
Sec Filings
- 11/12/25 - Form 6-K
- 10/14/25 - Form 6-K
- 9/23/25 - Form 6-K
- TME's page on the SEC website