Tencent Music Entertainment Group (TME) Stock Forecast, Price Target & Predictions
TME Stock Forecast
Tencent Music Entertainment Group stock forecast is as follows: an average price target of $14.58 (represents a 31.12% upside from TME’s last price of $11.12) and a rating consensus of 'Buy', based on 11 wall street analysts offering a 1-year stock forecast.
TME Price Target
The average price target for Tencent Music Entertainment Group (TME) is $14.58 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $24.00 to $9.00. This represents a potential 31.12% upside from TME's last price of $11.12.
TME Analyst Ratings
According to 11 Wall Street analysts, Tencent Music Entertainment Group's rating consensus is 'Buy'. The analyst rating breakdown for TME stock is 0 'Strong Buy' (0.00%), 7 'Buy' (63.64%), 4 'Hold' (36.36%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Tencent Music Entertainment Group Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 25, 2024 | Yang Liu | Morgan Stanley | $13.00 | $11.27 | 15.35% | 16.91% |
| Aug 14, 2024 | Lei Zhang | Bank of America Securities | $15.00 | $11.12 | 34.89% | 34.89% |
| Aug 14, 2024 | Charlie Chai | 86Research | $12.00 | $11.13 | 7.82% | 7.91% |
| Aug 13, 2024 | Candis Chan | Daiwa | $12.00 | $11.13 | 7.77% | 7.91% |
| May 14, 2024 | Ahmad Halim | CFRA | $17.00 | $14.62 | 16.32% | 52.88% |
| May 14, 2024 | Wei Fang | Mizuho Securities | $17.00 | $14.80 | 14.86% | 52.88% |
| May 10, 2024 | Wei Fang | Mizuho Securities | $15.00 | $13.38 | 12.11% | 34.89% |
| Mar 20, 2024 | Lincoln Kong | Goldman Sachs | $14.00 | $11.53 | 21.42% | 25.90% |
| Mar 20, 2024 | Alicia Yap | Citigroup | $12.30 | $11.52 | 6.82% | 10.61% |
| Mar 20, 2024 | Charlene Liu | HSBC | $10.40 | $11.69 | -11.04% | -6.47% |
The latest Tencent Music Entertainment Group stock forecast, released on Sep 25, 2024 by Yang Liu from Morgan Stanley, set a price target of $13.00, which represents a 15.35% increase from the stock price at the time of the forecast ($11.27), and a 16.91% increase from TME last price ($11.12).
Tencent Music Entertainment Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 4 | 13 |
| Avg Price Target | - | $13.00 | $13.25 |
| Last Closing Price | $11.12 | $11.12 | $11.12 |
| Upside/Downside | -100.00% | 16.91% | 19.15% |
In the current month, the average price target of Tencent Music Entertainment Group stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Tencent Music Entertainment Group's last price of $11.12. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 07, 2024 | Macquarie | Outperform | Outperform | Hold |
| Sep 25, 2024 | Morgan Stanley | Overweight | Equal-Weight | Downgrade |
| Aug 14, 2024 | Bank of America Securities | Buy | Buy | Hold |
| Aug 13, 2024 | Daiwa | - | Neutral | Downgrade |
| May 14, 2024 | CFRA | Buy | Buy | Hold |
| May 14, 2024 | Mizuho Securities | Buy | Buy | Hold |
| May 14, 2024 | Benchmark | Buy | Buy | Hold |
| Apr 03, 2024 | Bank of America Securities | Buy | Buy | Hold |
| Mar 20, 2024 | Mizuho Securities | Buy | Buy | Hold |
| Mar 20, 2024 | Goldman Sachs | Sell | Buy | Upgrade |
Tencent Music Entertainment Group's last stock rating was published by Macquarie on Oct 07, 2024. The company gave TME a "Outperform" rating, the same as its previous rate.
Tencent Music Entertainment Group Financial Forecast
Tencent Music Entertainment Group Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $7.00B | $7.42B | $7.37B | $6.91B | $6.64B | $7.61B | $7.80B | $8.01B | $7.82B | $8.34B | $7.58B | $6.93B | $6.31B | $7.29B | $6.51B |
| Avg Forecast | $9.70B | $9.41B | $9.27B | $8.61B | $8.32B | $8.07B | $7.81B | $7.26B | $7.39B | $7.00B | $7.15B | $6.57B | $6.69B | $6.34B | $7.29B | $6.89B | $7.29B | $7.10B | $6.68B | $6.64B | $7.63B | $7.83B | $8.10B | $7.74B | $8.31B | $7.46B | $6.84B | $6.37B | $7.11B | $6.43B |
| High Forecast | $9.70B | $9.41B | $9.27B | $8.61B | $8.32B | $8.07B | $7.81B | $7.26B | $7.39B | $7.04B | $7.15B | $6.57B | $6.76B | $6.34B | $7.29B | $6.89B | $7.29B | $7.10B | $6.68B | $6.64B | $7.63B | $7.83B | $8.10B | $7.74B | $8.31B | $7.46B | $6.84B | $6.37B | $7.11B | $6.43B |
| Low Forecast | $9.70B | $9.41B | $9.27B | $8.61B | $8.32B | $8.07B | $7.81B | $7.26B | $7.39B | $6.96B | $7.15B | $6.57B | $6.62B | $6.34B | $7.29B | $6.89B | $7.29B | $7.10B | $6.68B | $6.64B | $7.63B | $7.83B | $8.10B | $7.74B | $8.31B | $7.46B | $6.84B | $6.37B | $7.11B | $6.43B |
| # Analysts | 6 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 6 | 8 | 6 | 4 | 8 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 6 | 4 | 6 | 4 | 6 | 4 | 6 | 4 | 5 | 3 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | 1.02% | 1.04% | 1.03% | 1.00% | 1.00% | 1.00% | 0.99% | 1.01% | 1.00% | 1.02% | 1.01% | 0.99% | 1.03% | 1.01% |
Tencent Music Entertainment Group's average Quarter revenue forecast for Jun 23 based on 6 analysts is $7.29B, with a low forecast of $7.29B, and a high forecast of $7.29B. TME's average Quarter revenue forecast represents a 4.10% increase compared to the company's last Quarter revenue of $7.00B (Mar 23).
Tencent Music Entertainment Group EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 6 | 8 | 6 | 4 | 8 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 6 | 4 | 6 | 4 | 6 | 4 | 6 | 4 | 5 | 3 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.40B | $1.40B | $1.27B | $887.00M | $769.00M | $642.00M | $872.00M | $969.00M | $1.08B | $1.29B | $1.29B | $1.09B | $1.04B | $1.20B | $1.19B |
| Avg Forecast | $1.71B | $1.66B | $1.63B | $1.52B | $1.47B | $1.42B | $1.37B | $1.28B | $1.30B | $1.23B | $1.26B | $1.16B | $1.18B | $1.12B | $1.28B | $1.21B | $1.28B | $1.25B | $1.18B | $1.17B | $1.34B | $1.38B | $1.43B | $808.07M | $1.46B | $1.31B | $1.20B | $987.62M | $1.25B | $1.13B |
| High Forecast | $1.71B | $1.66B | $1.63B | $1.52B | $1.47B | $1.42B | $1.37B | $1.28B | $1.30B | $1.24B | $1.26B | $1.16B | $1.19B | $1.12B | $1.28B | $1.21B | $1.28B | $1.25B | $1.18B | $1.17B | $1.34B | $1.38B | $1.43B | $969.69M | $1.46B | $1.31B | $1.20B | $1.19B | $1.25B | $1.13B |
| Low Forecast | $1.71B | $1.66B | $1.63B | $1.52B | $1.47B | $1.42B | $1.37B | $1.28B | $1.30B | $1.22B | $1.26B | $1.16B | $1.17B | $1.12B | $1.28B | $1.21B | $1.28B | $1.25B | $1.18B | $1.17B | $1.34B | $1.38B | $1.43B | $646.46M | $1.46B | $1.31B | $1.20B | $790.10M | $1.25B | $1.13B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.16% | 1.09% | 1.01% | 0.75% | 0.66% | 0.48% | 0.63% | 0.68% | 1.34% | 0.88% | 0.98% | 0.91% | 1.05% | 0.96% | 1.05% |
6 analysts predict TME's average Quarter EBITDA for Jun 23 to be $1.28B, with a high of $1.28B and a low of $1.28B. This is -8.38% lower than Tencent Music Entertainment Group's previous annual EBITDA (Mar 23) of $1.40B.
Tencent Music Entertainment Group Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 6 | 8 | 6 | 4 | 8 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 6 | 4 | 6 | 4 | 6 | 4 | 6 | 4 | 5 | 3 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.15B | $1.15B | $1.06B | $856.00M | $609.00M | $577.00M | $740.00M | $827.00M | $926.00M | $1.20B | $1.13B | $939.00M | $887.00M | $1.04B | $1.03B |
| Avg Forecast | $2.72B | $2.63B | $2.49B | $2.29B | $2.70B | $2.50B | $2.22B | $2.07B | $1.91B | $1.77B | $1.72B | $1.47B | $1.42B | $1.24B | $1.38B | $1.10B | $1.23B | $950.17M | $768.61M | $716.83M | $622.01M | $646.73M | $878.23M | $690.29M | $1.15B | $1.01B | $929.33M | $844.76M | $1.01B | $921.00M |
| High Forecast | $2.72B | $2.63B | $2.49B | $2.29B | $2.70B | $2.50B | $2.22B | $2.07B | $1.91B | $1.77B | $1.74B | $1.47B | $1.42B | $1.25B | $1.38B | $1.10B | $1.23B | $950.17M | $768.61M | $716.83M | $622.01M | $646.73M | $878.23M | $828.35M | $1.15B | $1.01B | $929.33M | $1.01B | $1.01B | $921.00M |
| Low Forecast | $2.72B | $2.63B | $2.49B | $2.29B | $2.70B | $2.50B | $2.22B | $2.07B | $1.91B | $1.68B | $1.71B | $1.47B | $1.42B | $1.24B | $1.38B | $1.10B | $1.23B | $950.17M | $768.61M | $716.83M | $622.01M | $646.73M | $878.23M | $552.23M | $1.15B | $1.01B | $929.33M | $675.81M | $1.01B | $921.00M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | 0.94% | 1.12% | 1.11% | 0.85% | 0.93% | 1.14% | 0.94% | 1.34% | 1.04% | 1.12% | 1.01% | 1.05% | 1.03% | 1.11% |
Tencent Music Entertainment Group's average Quarter net income forecast for Jun 23 is $1.38B, with a range of $1.38B to $1.38B. TME's average Quarter net income forecast represents a 20.18% increase compared to the company's last Quarter net income of $1.15B (Mar 23).
Tencent Music Entertainment Group SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 6 | 8 | 6 | 4 | 8 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 6 | 4 | 6 | 4 | 6 | 4 | 6 | 4 | 5 | 3 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.23B | $1.36B | $1.44B | $1.42B | $1.34B | $1.82B | $1.64B | $1.68B | $1.55B | $1.68B | $1.43B | $1.30B | $1.16B | $1.42B | $1.24B |
| Avg Forecast | $1.88B | $1.82B | $1.80B | $1.67B | $1.61B | $1.56B | $1.51B | $1.41B | $1.43B | $1.36B | $1.38B | $1.27B | $1.30B | $1.23B | $1.41B | $1.33B | $1.41B | $1.38B | $1.29B | $1.29B | $1.48B | $1.52B | $1.57B | $1.16B | $1.61B | $1.45B | $1.32B | $1.11B | $1.38B | $1.25B |
| High Forecast | $1.88B | $1.82B | $1.80B | $1.67B | $1.61B | $1.56B | $1.51B | $1.41B | $1.43B | $1.36B | $1.38B | $1.27B | $1.31B | $1.23B | $1.41B | $1.33B | $1.41B | $1.38B | $1.29B | $1.29B | $1.48B | $1.52B | $1.57B | $1.39B | $1.61B | $1.45B | $1.32B | $1.33B | $1.38B | $1.25B |
| Low Forecast | $1.88B | $1.82B | $1.80B | $1.67B | $1.61B | $1.56B | $1.51B | $1.41B | $1.43B | $1.35B | $1.38B | $1.27B | $1.28B | $1.23B | $1.41B | $1.33B | $1.41B | $1.38B | $1.29B | $1.29B | $1.48B | $1.52B | $1.57B | $927.35M | $1.61B | $1.45B | $1.32B | $885.33M | $1.38B | $1.25B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.92% | 0.96% | 1.04% | 1.10% | 1.04% | 1.23% | 1.08% | 1.07% | 1.34% | 1.04% | 0.99% | 0.98% | 1.05% | 1.03% | 0.99% |
Tencent Music Entertainment Group's average Quarter SG&A projection for Jun 23 is $1.41B, based on 6 Wall Street analysts, with a range of $1.41B to $1.41B. The forecast indicates a 14.94% rise compared to TME last annual SG&A of $1.23B (Mar 23).
Tencent Music Entertainment Group EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 6 | 8 | 6 | 4 | 8 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 6 | 4 | 6 | 4 | 6 | 4 | 6 | 4 | 5 | 3 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.74 | $0.74 | $0.66 | $0.54 | $0.38 | $0.35 | $0.44 | $0.50 | $0.56 | $0.36 | $0.68 | $0.57 | $0.54 | $0.62 | $0.62 |
| Avg Forecast | $1.73 | $1.68 | $1.59 | $1.46 | $1.72 | $1.59 | $1.42 | $1.32 | $1.22 | $1.13 | $1.10 | $0.94 | $0.90 | $0.79 | $0.88 | $0.70 | $0.78 | $0.61 | $0.49 | $0.46 | $0.40 | $0.41 | $0.56 | $0.63 | $0.73 | $0.64 | $0.59 | $0.58 | $0.64 | $0.59 |
| High Forecast | $1.73 | $1.68 | $1.59 | $1.46 | $1.72 | $1.59 | $1.42 | $1.32 | $1.22 | $1.13 | $1.11 | $0.94 | $0.90 | $0.80 | $0.88 | $0.70 | $0.78 | $0.61 | $0.49 | $0.46 | $0.40 | $0.41 | $0.56 | $0.63 | $0.73 | $0.64 | $0.59 | $0.58 | $0.64 | $0.59 |
| Low Forecast | $1.73 | $1.68 | $1.59 | $1.46 | $1.72 | $1.59 | $1.42 | $1.32 | $1.22 | $1.07 | $1.09 | $0.93 | $0.90 | $0.79 | $0.88 | $0.70 | $0.78 | $0.61 | $0.49 | $0.46 | $0.40 | $0.41 | $0.56 | $0.63 | $0.73 | $0.64 | $0.59 | $0.58 | $0.64 | $0.59 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.06% | 0.95% | 1.09% | 1.10% | 0.83% | 0.88% | 1.07% | 0.89% | 0.89% | 0.49% | 1.06% | 0.96% | 0.93% | 0.96% | 1.06% |
According to 6 Wall Street analysts, Tencent Music Entertainment Group's projected average Quarter EPS for Jun 23 is $0.88, with a low estimate of $0.88 and a high estimate of $0.88. This represents a 18.79% increase compared to TME previous annual EPS of $0.74 (Mar 23).
Tencent Music Entertainment Group Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| TWLO | Twilio | $84.84 | $187.60 | 121.12% | Buy |
| SNAP | Snap | $12.53 | $25.94 | 107.02% | Hold |
| BIDU | Baidu | $90.02 | $183.05 | 103.34% | Buy |
| WB | $8.96 | $17.17 | 91.63% | Buy | |
| YY | JOYY | $33.10 | $56.33 | 70.18% | Buy |
| ATHM | Autohome | $27.93 | $43.67 | 56.36% | Hold |
| TME | Tencent Music Entertainment Group | $11.12 | $14.58 | 31.12% | Buy |
| PINS | $32.02 | $41.27 | 28.89% | Buy | |
| YELP | Yelp | $33.91 | $34.11 | 0.59% | Buy |
| DOYU | DouYu | $10.56 | $9.03 | -14.49% | Sell |
| MOMO | Hello Group | $7.10 | $6.00 | -15.49% | Hold |
| SPOT | Spotify | $384.50 | $299.06 | -22.22% | Buy |
TME Forecast FAQ
Is Tencent Music Entertainment Group a good buy?
Yes, according to 11 Wall Street analysts, Tencent Music Entertainment Group (TME) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 7 'Buy' recommendations, accounting for 63.64% of TME's total ratings.
What is TME's price target?
Tencent Music Entertainment Group (TME) average price target is $14.58 with a range of $9 to $24, implying a 31.12% from its last price of $11.12. The data is based on 11 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Tencent Music Entertainment Group stock go up soon?
According to Wall Street analysts' prediction for TME stock, the company can go up by 31.12% (from the last price of $11.12 to the average price target of $14.58), up by 115.83% based on the highest stock price target, and down by -19.06% based on the lowest stock price target.
Can Tencent Music Entertainment Group stock reach $20?
TME's highest twelve months analyst stock price target of $24 supports the claim that Tencent Music Entertainment Group can reach $20 in the near future.
What are Tencent Music Entertainment Group's analysts' financial forecasts?
Tencent Music Entertainment Group's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $31.46B (high $31.46B, low $31.46B), average EBITDA is $5.54B (high $5.54B, low $5.54B), average net income is $9.49B (high $9.49B, low $9.49B), average SG&A $6.1B (high $6.1B, low $6.1B), and average EPS is $6.05 (high $6.05, low $6.05). TME's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $36.99B (high $36.99B, low $36.99B), average EBITDA is $6.51B (high $6.51B, low $6.51B), average net income is $10.13B (high $10.13B, low $10.13B), average SG&A $7.17B (high $7.17B, low $7.17B), and average EPS is $6.46 (high $6.46, low $6.46).
Did the TME's actual financial results beat the analysts' financial forecasts?
Based on Tencent Music Entertainment Group's last annual report (Dec 2022), the company's revenue was $28.34B, beating the average analysts forecast of $27.71B by 2.27%. Apple's EBITDA was $4.48B, missing the average prediction of $4.88B by -8.15%. The company's net income was $3.68B, beating the average estimation of $3.66B by 0.41%. Apple's SG&A was $5.56B, beating the average forecast of $5.37B by 3.51%. Lastly, the company's EPS was $1.15, missing the average prediction of $2.33 by -50.71%. In terms of the last quarterly report (Mar 2023), Tencent Music Entertainment Group's revenue was $7B, beating the average analysts' forecast of $6.89B by 1.70%. The company's EBITDA was $1.4B, beating the average prediction of $1.21B by 15.55%. Tencent Music Entertainment Group's net income was $1.15B, beating the average estimation of $1.1B by 4.33%. The company's SG&A was $1.23B, missing the average forecast of $1.33B by -7.89%. Lastly, the company's EPS was $0.74, beating the average prediction of $0.701 by 5.55%