TME: Tencent Music Entertainment Group - Summary | Jitta

Tencent Music Entertainment Group

NYSE:TME

Price
$7.01
Loss Chance
45.7%
4.52JITTA SCORE
5.85%Over Jitta Line
Jitta Ranking
755 / 5,060
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HISTORICAL JITTA SCORE
Jitta Factors
Growth Opportunity (28)
Recent Business Performance (22)
Financial Strength (79)
Return to Shareholders (15)
Competitive Advantage (41)
Jitta Signs
Debt LevelLow Long Term Debt
CapExVery Low
Cash Conversion CycleLess than 30 days
Revenue and EarningEarning decline from 2018-2021
Operating MarginDeclined
Recent Business PerformanceEarning decline 18.89% in the last year
Key Stats
Jitta Score
Jitta Line
4.52
5.85%
3.52
124.76%
Movies and Entertainment
3.17
8.01%
3.17
8.01%
2.93
77.67%
COMPANY DESCRIPTION
Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People’s Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover and listen to music in personalized ways; and WeSing, which enables users to have fun by singing and interacting with friends, sharing their singing performances with friends, and discovering songs that others have sung. The company also operates Kugou Music, Kuwo Music, WeSing, QQ Music, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with those interested in their performance; and Kuwo Changting, an audio platform that offers users various audio content, including audio books, cross-talks, radio dramas, and other entertainment. In addition, it sells music-related merchandise, including Kugou headsets, smart speakers, WeSing karaoke microphones, and Hi-Fi systems; and offers online music event ticketing services, as well as services to smart device and automobile makers to build and operate music services on devices and vehicles. Tencent Music Entertainment Group has a strategic partnership with China Literature. The company is headquartered in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.