The Latest Breaking News from Tencent Music Entertainment Group

Due to ongoing evolution and growing consumer demand, the entertainment industry seems well-positioned to withstand the challenges posed by volatile economic conditions. While entertainment stocks stand to benefit from the industry tailwinds, let us analyze which entertainment stock among, Sony Group (SONY) and Tencent Music (TME), is the better buy…

The entertainment industry is poised for long-term growth due to the dynamic development of streaming media and smart music devices. While leading entertainment stocks Tencent Music Entertainment (TME) and Walt Disney (DIS) should benefit, let us determine which is the better buy.

Tencent Music Entertainment Group - ADR (NYSE: TME) shares are trading higher by 10.0% at $5.11 after the company reported better-than-expected fourth-quarter EPS results.

Tencent Music Entertainment Group (NYSE:TME) reported a fourth-quarter revenue decline of 8.7% year-over-year to $1.19 billion (RMB 7.61 billion), missing the consensus of $1.23 billion. Online music service revenues grew by 4.3% Y/Y. Revenues from music subscriptions were RMB1.95 billion ($306 million), an increase of 23.5% Y/Y. Online music paying users increased by…

The shares of China’s leading music entertainment platform, Tencent (TME), have been down more than 75% in price over the past year on investor anxiety about multiple regulatory crackdowns on the company. TME has also cited tightening regulation and increased competition as having impacted its performance in its most recent…