Tencent Music Entertainment Group
TME
Rank in Stocks
#1702
Tencent Music Entertainment Group (TME) is a premier operator of online music... Tencent Music Entertainment Group (TME) is a premier operator of online music entertainment platforms across the People's Republic of China, offering a range of services including music streaming, digital karaoke, and live interactive broadcasting. Its offerings encompass popular streaming platforms like QQ Music, Kugou Music, and Kuwo Music, which facilitate personalized music discovery and listening for users. The company also developed WeSing, an engaging application that allows users to sing, socialize with friends, share their performances, and explore songs sung by others. Furthermore, TME runs interactive live broadcasting platforms, notably Kugou Live and Kuwo Live, providing an online venue for performers to exhibit their talents and interact with their audience. Kuwo Changting acts as a specialized audio content platform, featuring diverse spoken word entertainment such as audiobooks, traditional cross-talk, and radio dramas. Beyond its digital services, TME sells music-related hardware, including Kugou headsets, smart speakers, WeSing karaoke microphones, and Hi-Fi audio systems. It also handles online ticketing for music events and partners with manufacturers of smart devices and automobiles to embed and manage music services within their products and vehicles. Tencent Music Entertainment Group maintains a strategic partnership with China Literature. Headquartered in Shenzhen, China, the company functions as a subsidiary of Tencent Holdings Limited.
Share Price
$8.62
Last synced: 2026-10-16
Market Cap
$12.60B
Change (1 day)
-0.23%
Change (1 year)
-61.47%
Country
CN
Trade Tencent Music Entertainment Group (TME)
Category
Communication Services
Operating Margin for Tencent Music Entertainment Group (TME)
Operating Margin as of October 2026 TTM: 33.08%
According to Tencent Music Entertainment Group latest financial reports and stock price the company's current Operating Margin (TTM) is 33.08%. At the end of 2023 the company had an Operating Margin of 21.83%.
Operating Margin history for Tencent Music Entertainment Group from 2016 to 2026
Operating Margin at the end of each year
| Year | Operating Margin | Change |
|---|---|---|
| 2026 (TTM) | 33.08% | 7.86% |
| 2024 | 30.67% | 40.49% |
| 2023 | 21.83% | 39.22% |
| 2022 | 15.68% | 28.95% |
| 2021 | 12.16% | -24.75% |
| 2020 | 16.16% | -11.06% |
| 2019 | 18.17% | 69.18% |
| 2018 | 10.74% | -25.98% |
| 2017 | 14.51% | 514.83% |
| 2016 | 2.36% | 0.00% |
Operating Margin for similar companies or competitors
| Company | Operating Margin | Operating Margin Difference | Country |
|---|---|---|---|
| 33.15% | -99.00% |
US
|
|
| 38.08% | -98.85% |
US
|
|
| 0.00% | - |
CN
|
|
| 14.65% | -99.56% |
SE
|
|
| 0.00% | - |
NL
|
What is a company's Operating Margin?
The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.