What changed
$TME — BUY 📊
Tencent Music Entertainment Group operates online music entertainment platforms that provides music streaming, online karaoke, and live streaming services in the People's Republic
🎯 Q2 2026 | Rev $4B | EPS $1.46 vs $1.43 🟢
💡 Consensus expects stagnant user growth and continued regulatory pressures, but the actual earnings beat (EPS $1.46 vs $1.43) and resilient revenue of $4.35B show the core business is holding better than feared. The market is pricing in a permanent decline that the numbers don't support.
📉 Reward/risk: 2.57:1
🏢 Business Quality: 7 — dominant music streaming franchise in China with exclusive content, high switching costs, and recurring revenue, but faces regulatory and competitive risks/10
📊 Valuation: cheap — normalized P/E of 5.7x vs.
📊 Our read: BUY. Full analysis →
https://stockduty.xyz/s/TME0624
Why it matters
Tencent Music Entertainment Group operates online music entertainment platforms that provides music streaming, online karaoke, and live streaming services in the People's Republic