Tencent Music Entertainment Group (TME) Set to Release Earnings on Tuesday

Key Points

• Tencent Music is scheduled to report Q3 2026 results before the market opens November 17, with analysts forecasting earnings of $0.22 per share and revenue of $1.36 billion.
• In its previous reported quarter, the company posted $0.25 per share in earnings on $1.31 billion in revenue; analysts expect full-year EPS of $0.87.
• The stock has a consensus Hold rating and an average price target of $16.43. Shares opened at $9.37, while analyst views range from a Strong Buy to Hold, including Nomura’s downgrade to Neutral.

Tencent Music Entertainment Group (NYSE:TME - Get Free Report) is projected to post its Q3 2026 results before the market opens on Tuesday, November 17th. Analysts expect the company to announce earnings of $0.22 per share and revenue of $1.36 billion for the quarter. Investors may visit the company's upcoming Q3 2026 earnings results page for the latest details on the call scheduled for Tuesday, November 17, 2026 at 6:00 AM ET.

Tencent Music Entertainment Group (NYSE:TME - Get Free Report) last posted its earnings results on Tuesday, June 30th. The company reported $0.25 EPS for the quarter. The company had revenue of $1.31 billion for the quarter. Tencent Music Entertainment Group had a net margin of 26.27% and a return on equity of 11.53%. On average, analysts expect Tencent Music Entertainment Group to post $0.87 EPS for the current fiscal year and $0.92 EPS for the next fiscal year.

Tencent Music Entertainment Group Trading Down 2.0%

Shares of TME stock opened at $9.37 on Tuesday. Tencent Music Entertainment Group has a 1-year low of $7.66 and a 1-year high of $21.91. The firm has a market cap of $14.74 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of 1.66 and a beta of 0.76. The company has a 50-day moving average of $8.34 and a two-hundred day moving average of $10.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.74 and a quick ratio of 1.74.

Analyst Ratings Changes

A number of research firms have commented on TME. Weiss Ratings restated a "hold (c)" rating on shares of Tencent Music Entertainment Group in a research note on Monday, September 28th. Nomura downgraded Tencent Music Entertainment Group from a "buy" rating to a "neutral" rating and set a $10.00 price objective for the company. in a research report on Thursday, August 13th. China Renaissance raised Tencent Music Entertainment Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 14th. UBS Group set a $15.00 target price on Tencent Music Entertainment Group in a research report on Wednesday, August 12th. Finally, Mizuho decreased their target price on Tencent Music Entertainment Group from $18.00 to $15.00 and set an "outperform" rating for the company in a research note on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, Tencent Music Entertainment Group currently has a consensus rating of "Hold" and an average price target of $16.43.

About Tencent Music Entertainment Group

Tencent Music Entertainment Group operates online music and music-focused social entertainment services, primarily in China. Its platforms connect listeners, artists, and music-industry partners through streaming, music discovery, and interactive features.

The company's services include QQ Music, Kugou Music, and Kuwo Music, which offer digital music streaming and related content. Its social entertainment offerings include WeSing, a karaoke and singing platform, along with live-streaming and other interactive music experiences.

Tencent Music was formed in 2016 by bringing together Tencent's music services and has since developed a broad digital music platform for the Chinese market.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.