Tencent Music Entertainment Group
NYSE:TME

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Tencent Music Entertainment Group
NYSE:TME
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Price: 11.635 USD -2.64% Market Closed
Market Cap: 19.7B USD
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Tencent Music Entertainment Group
Tax Provision

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
TTM
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Tencent Music Entertainment Group
Tax Provision Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Tax Provision CAGR 3Y CAGR 5Y CAGR 10Y
Tencent Music Entertainment Group
NYSE:TME
Tax Provision
-ÂĄ1.5B
CAGR 3-Years
-53%
CAGR 5-Years
-36%
CAGR 10-Years
N/A
C
Cloud Village Inc
HKEX:9899
Tax Provision
-ÂĄ33.5m
CAGR 3-Years
-177%
CAGR 5-Years
-75%
CAGR 10-Years
N/A
C
China Film Co Ltd
SSE:600977
Tax Provision
-ÂĄ74m
CAGR 3-Years
12%
CAGR 5-Years
29%
CAGR 10-Years
N/A
Beijing Enlight Media Co Ltd
SZSE:300251
Tax Provision
-ÂĄ131.8m
CAGR 3-Years
-20%
CAGR 5-Years
22%
CAGR 10-Years
-10%
Mango Excellent Media Co Ltd
SZSE:300413
Tax Provision
ÂĄ1.4B
CAGR 3-Years
623%
CAGR 5-Years
N/A
CAGR 10-Years
N/A
Wanda Film Holding Co Ltd
SZSE:002739
Tax Provision
ÂĄ86.1m
CAGR 3-Years
N/A
CAGR 5-Years
N/A
CAGR 10-Years
N/A
No Stocks Found

Tencent Music Entertainment Group
Glance View

Market Cap
19.7B USD
Industry
Media

Tencent Music Entertainment Group has orchestrated a symphony of success within China's dynamic digital soundscape. Emerging as a powerhouse in the online music industry, the company deftly maneuvers through the intricacies of music streaming, live entertainment, and social networking. At its core, Tencent Music hosts a triad of platforms: QQ Music, Kugou Music, and Kuwo Music, each catering to diverse musical tastes across the vast Chinese market. By offering an expansive library of licensed tracks, Tencent Music seamlessly integrates social features that encourage user interaction, thereby fostering personal connections to music. This approach not only keeps users engaged but also allows the company to create a strong community ecosystem where music intersects with social media. In the heart of its financial overture, Tencent Music monetizes through a mixed revenue model. While it derives income from monthly subscriptions that grant users premium access to ad-free listening and exclusive content, the real virtuoso move lies in its social entertainment services. These services, including virtual gifting, online karaoke, and live-streamed concerts, generate robust revenue streams by enabling music enthusiasts to express their enduring admiration for artists directly. Furthermore, its strategic partnerships and licensing deals with major international and local music labels enhance its catalog, ensuring a constant influx of fresh content that keeps the user base engaged. Thus, Tencent Music Entertainment skillfully composes a harmonious blend of user experience and innovative monetization to maintain its leadership in the rapidly evolving music industry landscape.

TME Intrinsic Value
12.127 USD
Undervaluation 4%
Intrinsic Value
Price

See Also

What is Tencent Music Entertainment Group's Tax Provision?
Tax Provision
-1.5B CNY

Based on the financial report for Sep 30, 2024, Tencent Music Entertainment Group's Tax Provision amounts to -1.5B CNY.

What is Tencent Music Entertainment Group's Tax Provision growth rate?
Tax Provision CAGR 5Y
-36%

Over the last year, the Tax Provision growth was -111%. The average annual Tax Provision growth rates for Tencent Music Entertainment Group have been -53% over the past three years , -36% over the past five years .

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