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BIGBANG 2026-2027 WORLD TOUR < XX: COSMOS > IN HONG KONG Officially Announced PR Newswire

HONG KONG, Sept. 8, 2026

, /PRNewswire/ -- Recently, the long-awaited BIGBANG 2026-2027 WORLD TOUR < XX: COSMOS > IN HONG KONG has been officially announced. Jointly organized by TME live and ELF ASIA, the legendary BIGBANG Tour in Hong Kong will be held at the Kai Tak Stadium from November 13th to 15th, 2026, an extravaganza of three nights in a row dedicated to its fans, during which the golden crowns will be lit up under the sky, witnessing the historic moment of the glorious return of the boy group.

For pre-sale and on-sale arrangements, the specifics are as follows:

️BIGBANG V.I.P MEMBERSHIP SURVEY: September 2, 11:00AM - September 8, 11:59PM️BIGBANG V.I.P MEMBERSHIP PRESALE: September 14, 11:00AM - 11:59PM️Visa Pre-sale:Exclusive access for Visa Infinite Cardholders: September 15, 10:00AM - 1:00PMExclusive access for BOC Visa Cardholders: September 15, 2:00PM - 7:00PMExclusive access for All Visa Cardholders: September 15, 8:00PM - 11:00PM️TME, QQ Music, JOOX and Kugou Music Pre-sale: September 16, 11:00AM - 3:00PM️Trip.com and Klook Pre-sale: September 16, 5:00PM - 9:00PMGeneral On-sale: September 17, 12:00PMThe BIGBANG World Tour < XX: COSMOS > IN HONG KONG concert was brought by the outstanding collaboration between multiple partners. The event is jointly sponsored and supported by FWD Insurance, Visa, Trip.com Group, Klook and Samsung. Each brand, relying on its own platform advantages and resources, has deeply engaged in the whole process to combine its brand concept with music culture, and to present a high-level live performance for Hong Kong music fans. It's worth mentioning that Trip.com Group and Klook, as the official ticketing partners, utilizing their respective travel and local-life service platforms, did their best to make sure the V.I.P fans from all over the world have the opportunity to witness this legendary performance. Special thanks to the Kai Tak Stadium for its strong support for this Tour in Hong Kong. As a landmark of comprehensive sports and entertainment in Hong Kong featuring round-the-clock operation and top-notch audio-visual effects, the Kai Tak Stadium can accommodate approximately 50,000 spectators — precisely a venue where audiences can indulge in past memories while anticipating future events, with the upcoming BIGBANG and its golden crowns rising under the sky of November 2026.

ABOUT BIGBANG

BIGBANG is a boy group launched by YG Entertainment in 2006. Since the release of their debut single [Bigbang], the group has grown into a top-tier global act, producing numerous hit songs such as 'Lie', 'Last Farewell', 'Haru Haru', 'FANTASTIC BABY', and 'BANG BANG BANG'.

Dominating domestic and international music charts while sweeping grand prizes at major awards ceremonies, BIGBANG has earned recognition for the limitless capabilities of both the group and its individual members as musicians. In 2022, they released the digital single 'Still Life', reaffirming their commanding presence across the global music market.

Transcending K-pop to become a cultural icon spanning live performance, fashion, and popular culture as a whole, BIGBANG has proven their worldwide influence by selling out world tours across North America, Europe, and Asia.

Reuniting to mark their 20th debut anniversary, the group announced their legendary comeback on the stage of the 2026 Coachella Valley Music and Arts Festival in the United States. Drawing an explosive response from the local crowd, BIGBANG proved that they still have what it takes. In August, they successfully kicked off their new world tour in Goyang and set to engage with fans worldwide through 36 performances across 19 cities. On August 19, their 20th debut anniversary, BIGBANG released their new digital single [BiiiG], their first new song in 4 years, receiving passionate love from all over the world.

About TME live

TME live is a diversified business brand centered on live performances, created by Tencent Music Entertainment Group, a leading music entertainment service provider in China. TME live creates an all-around music entertainment performance experience by combining online and offline performances, utilizing an innovative performance model and extremely fast, ultra-high-definition digital audio-visual technology.

View original content to download multimedia:https://www.prnewswire.com/news-releases/bigbang-2026-2027-world-tour--xx-cosmos--in-hong-kong-officially-announced-302871977.html

SOURCE Tencent Music Entertainment Group (TME)

NEXON (OTCMKTS:NEXOY – Get Free Report) and Tencent Music Entertainment Group (NYSE:TME – Get Free Report) are both large-cap communication services companies, but which is the superior investment? We will contrast the two businesses based on the strength of their risk, valuation, institutional ownership, earnings, dividends, analyst recommendations and profitability.

Dividends NEXON pays an annual dividend of C$0.26 per share and has a dividend yield of 1.3%. Tencent Music Entertainment Group pays an annual dividend of $0.23 per share and has a dividend yield of 2.7%. NEXON pays out 23.4% of its earnings in the form of a dividend. Tencent Music Entertainment Group pays out 28.4% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years.

Valuation and Earnings This table compares NEXON and Tencent Music Entertainment Group”s top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio NEXON $3.18 billion 4.99 $616.75 million C$1.11 18.00 Tencent Music Entertainment Group $4.71 billion 2.86 $1.54 billion $0.81 10.56 Tencent Music Entertainment Group has higher revenue and earnings than NEXON. Tencent Music Entertainment Group is trading at a lower price-to-earnings ratio than NEXON, indicating that it is currently the more affordable of the two stocks.

Profitability This table compares NEXON and Tencent Music Entertainment Group’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets NEXON 26.37% 12.45% 9.72% Tencent Music Entertainment Group 26.27% 11.53% 8.87% Analyst Ratings This is a summary of recent recommendations for NEXON and Tencent Music Entertainment Group, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score NEXON 0 2 2 0 2.50 Tencent Music Entertainment Group 0 10 3 0 2.23 Tencent Music Entertainment Group has a consensus price target of $17.21, indicating a potential upside of 101.28%. Given Tencent Music Entertainment Group’s higher probable upside, analysts clearly believe Tencent Music Entertainment Group is more favorable than NEXON.

Insider & Institutional Ownership 24.3% of Tencent Music Entertainment Group shares are owned by institutional investors. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Summary NEXON beats Tencent Music Entertainment Group on 8 of the 14 factors compared between the two stocks.

About NEXON (Get Free Report)

NEXON Co., Ltd. produces, develops, and services PC online and mobile games. It operates through five segments: Japan, Korea, China, North America, and Others. The company's PC online game titles include MapleStory, Dungeon & Fighter, and EA SPORTS FIFA ONLINE 4. The company was formerly known as NEXON Japan Co., Ltd. and changed its name to NEXON Co., Ltd. in April 2009. NEXON Co., Ltd. was founded in 1994 and is headquartered in Tokyo, Japan.

(Get Free Report)

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 music in personalized ways; long-form audio content, including audiobooks, podcasts and talk shows, as well as music-oriented video content comprising music videos, live performances, and short videos; and WeSing, which enables users to sing along from its library of karaoke songs and share their performances in audio or video formats with friends. The company also delivers music-centric live streaming services primarily through the Live Streaming tab on QQ Music, Kugou Music, Kuwo Music, WeSing, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with a diverse audience base; and Lazy Audio, an audio platform. In addition, it sells music-related merchandise; and artist-related merchandise, such as branded apparel, posters and art prints, and accessories and integrated and technology-driven music solutions that help IoT device manufacturers build and operate their branded music services on their IoT devices, as well as offers advertising services across its online karaoke platform and online music apps. The company is headquartered in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.

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Tencent Music (TME +2.08%) stock saw a significant pullback this week, even though the company reported better-than-expected quarterly results. The company's share price closed out the week down 7.2%.

Tencent Music released its Q2 results on Wednesday, reporting sales and earnings that beat Wall Street's forecasts. On the other hand, investors appear to have been more concerned with the business's operating expenses increasing significantly and declining performance for the company's social entertainment services unit.

Image source: Getty Images.

Tencent Music posted Q2 results that narrowly beat Wall Street's targets
Tencent recorded non-GAAP (adjusted) earnings per American depositary share on sales of $1.32 billion. The company adjusted earnings per American depositary share beat the average analyst target by $0.01, and its sales topped the average Wall Street target by approximately $20 million.

Sales were up roughly 5.8% year over year, gross profit increased roughly 13%, and operating income was up 9%. On the other hand, the company's operating income margin in the quarter declined from 38% to 37%, and its gross margin declined from 44.4% in last year's quarter to 44.2% in this year's period.

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Investors focused on potential problem points in the Q2 report
Along with declines for Tencent Music's operating income margin and gross margin in Q2, the company's operating expenses as a percentage of revenue rose to 14.5% from 13.7% in last year's quarter. While music-related services recorded roughly 11% annual growth in Q2, revenue from social entertainment services declined approximately 16%.

Tencent Music's Q2 report wasn't bad, but it also didn't deliver much to spur a surge in bullish sentiment. In addition to the company's quarterly report not being particularly exciting, there has also been broader selling momentum out of Chinese tech stocks recently. Sales and earnings looked solid in the second quarter, but stronger results or a market shift in the approach to valuing Chinese stocks may be needed to energize the company's share price in the near term.

Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Tencent Music (TME) is downgraded to Hold from Buy due to intensifying competition, especially from ByteDance's Soda Music. Organic revenue growth decelerated, with management acknowledging user churn among casual users and rising operating expenses to retain users. Social entertainment revenue declined 17% y/y, weighing on PnL despite 11% y/y growth in music services; macro headwinds persist.

Tencent Music Entertainment Group (TME) Q2 2026 Earnings Call Transcript

Pre-market futures are correcting Monday’s slight selloff at this hour; ultimately, as we had said in this space yesterday, we don’t expect much movement either direction until inflation reports begin to hit the tape Wednesday morning with the Consumer Price Index (CPI) Inflation Rate. The Dow is +71 points presently, the S&P 500 +16 and the Nasdaq +129 points.

Small Business Index Shows Signs of HopeEarly this morning, the NFIB Small Business Index for July came in at 99.8 — the highest rate since August of last year, which was 100.8. (For scale, the 12-month low was 95.3 in March of this year.) Eight of 10 components in this survey were optimistic, and 20% of small business owners plan to create new jobs in the next three months. The top issue these small business owners had last month were labor quality and availability.

Existing Home Sales Report After the OpenEstimates for July Existing Home Sales — a metric of the housing market that could use some good news — are expected to tick down to 4.05 million seasonally adjusted, annualized units, down for the second-straight month from a near-term high 4.19 million units in May. In the last report, only the Northeast increased in existing home sales, +2.1% to 0.48 million units; the South dipped -3.6%, the Midwest was -3.0% and the West -1.3%.

Earnings Updates at a GlanceAhead of today’s open, Cardinal Health (CAH - Free Report) posted mixed fiscal Q4 results, beating expectations by +20% to earnings of $2.91 per share on revenues of $63.67 billion, which missed the Zacks consensus by -2.96%. Higher 2027 earnings guidance, however, is keeping Cardinal shares buoyant: up marginally on the news, +15% year to date.

Chinese audio entertainment platform Tencent Music (TME - Free Report) beat earnings estimates by a penny to $0.25 per ADS, on revenues of $1.32 billion (U.S. dollar equivalent), which was shy of the $1.35 billion analysts had been expecting. Shares had gone up +12% over the past month, and have given up -10% of its stock price on the news in early trading.

After the close today, Super Micro Computer (SMCI - Free Report) is expected to grow +65.85% on earnings per share, +91% on revenues. The data center technology services provider has outpaced earnings estimates in each of the past three quarters.

AI GPU infrastructure provider CoreWeave (CRWV - Free Report) shares are up +2% early today, ahead of its earnings report after the closing bell. Earnings are anticipated to tumble -333% for Q2, but gain +109% on quarterly revenues. Three of the past four quarters, CoreWeave has missed earnings estimates.

Fast-casual restaurant chain Cava Group (CAVA - Free Report) is expected to report fiscal Q4 earnings up +12.5% per share this afternoon, on +25.9% on revenues. The company has beaten estimates in three of the past four quarters; shares are up modestly ahead of the open.

Posted by Defense World Staff on Jul 20th, 2026

Cantillon Capital Management LLC cut its stake in shares of Tencent Music Entertainment Group Sponsored ADR (NYSE:TME – Free Report) by 28.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,382,595 shares of the company’s stock after selling 5,325,907 shares during the quarter. Cantillon Capital Management LLC owned 0.86% of Tencent Music Entertainment Group worth $124,190,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP raised its position in Tencent Music Entertainment Group by 63.2% during the 3rd quarter. Allworth Financial LP now owns 1,480 shares of the company’s stock worth $35,000 after buying an additional 573 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Tencent Music Entertainment Group by 5,777.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,057 shares of the company’s stock valued at $36,000 after acquiring an additional 2,022 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Tencent Music Entertainment Group by 61.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,123 shares of the company’s stock worth $37,000 after acquiring an additional 807 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Tencent Music Entertainment Group during the fourth quarter worth about $46,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Tencent Music Entertainment Group by 83.0% during the second quarter. EverSource Wealth Advisors LLC now owns 3,005 shares of the company’s stock worth $59,000 after purchasing an additional 1,363 shares in the last quarter. 24.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth A number of equities research analysts recently commented on TME shares. Zacks Research upgraded shares of Tencent Music Entertainment Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. Mizuho dropped their target price on Tencent Music Entertainment Group from $23.00 to $18.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 13th. Weiss Ratings raised Tencent Music Entertainment Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 1st. Finally, JPMorgan Chase & Co. reduced their price target on Tencent Music Entertainment Group from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Six analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $21.44.

Read Our Latest Research Report on TME

Tencent Music Entertainment Group Stock Up 0.1% Shares of NYSE TME opened at $9.13 on Monday. The stock has a market capitalization of $14.37 billion, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 0.59 and a beta of 0.82. Tencent Music Entertainment Group Sponsored ADR has a 52 week low of $7.94 and a 52 week high of $26.70. The firm has a 50-day moving average price of $8.90 and a 200 day moving average price of $11.81. The company has a quick ratio of 2.08, a current ratio of 2.09 and a debt-to-equity ratio of 0.06.

Tencent Music Entertainment Group (NYSE:TME – Get Free Report) last issued its earnings results on Tuesday, March 31st. The company reported $0.11 earnings per share for the quarter. Tencent Music Entertainment Group had a net margin of 26.45% and a return on equity of 11.20%. The company had revenue of $1.15 billion for the quarter. Equities research analysts anticipate that Tencent Music Entertainment Group Sponsored ADR will post 0.9 EPS for the current fiscal year.

About Tencent Music Entertainment Group (Free Report)

Tencent Music Entertainment Group (NYSE: TME) is a China-based digital music and audio entertainment platform that operates a portfolio of leading music streaming and social entertainment services. Its core consumer-facing products include streaming apps, online karaoke (KTV) services and live music and entertainment broadcasts. The company monetizes its content through a mix of subscriptions, digital music sales, in-app purchases, virtual gifting, advertising and licensing arrangements with rights holders.

The company traces its roots to the consolidation of Tencent’s music assets and was established in the mid-2010s to unify several prominent music properties under a single operating entity.

Further Reading Five stocks we like better than Tencent Music Entertainment Group Strait of Hormuz Tensions Spike Tanker Trade: These 2 Stocks Are Set to Benefit Shopify’s Quiet AI Strategy Could Be Its Biggest Advantage Yet Why These 3 Nuclear ETFs Are Getting a Fresh Look as AI Power Demand Rises 3 Aerospace Suppliers That Could Benefit as Aircraft Makers Face Bottlenecks

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The fallout from a weaker-than-expected earnings report published by Tencent Music Entertainment (TME 0.43%) continued on Wednesday. For the second day in a row, the China-based company was hit with analyst price target cuts, as well as two recommendation downgrades. This pushed the stock down by over 9%.

Earnings fallout One of the downgrades came from Benchmark's Fawne Jiang, who lowered her rating on Tencent Music to hold from the previous buy. No price target was provided.

Image source: Getty Images.

According to reports, Jiang had been bullish on Tencent Music, chiefly because of its impressive growth in the online music market. This provided a foundation for high-margin subscription revenue from users eager to consumer the content.

The pundit wrote that while fourth-quarter results -- published before market open Tuesday -- were strong, the immediate future looks more murky. She expressed concern that rising competition will threaten growth in those ever-important subscriptions. Jiang also sees threats in new ways of creating and consuming content, exacerbated by the eager take-up of artificial intelligence (AI).

Several of Jiang's peers also became less bullish on Tencent Music, lowering their price targets for the stock. Goldman Sachs analyst Lincoln Kong cut his target to $17.60 per share from $20, while maintaining his buy recommendation. Alex Yao from JPMorgan Chase unit JPMorgan chopped his down to $12 from $30, yet kept his neutral rating intact.

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Unimpressed users? Yes, Tencent Music is still posting double-digit growth in key metrics (like revenue), but its audience is lately going in the opposite direction -- its earnings report revealed that the company's monthly average user (MAU) count declined by 5%.

Such a metric is crucial to any company with a heavy social media dimension; any sign that the user base is eroding understandably raises investor concerns. While Tencent Music is still a viable business, I'd be quite worried about that MAU slide, and eager to know how management intends to reverse it.

JPMorgan Chase is an advertising partner of Motley Fool Money. Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Goldman Sachs Group and JPMorgan Chase. The Motley Fool has a disclosure policy.

SHENZHEN, China, March 19, 2026 /PRNewswire/ -- Millions of music fans are eagerly awaiting another historic moment for Mandopop. After three years and eight months, iconic Mandopop artist Jay Chou is set to release his 16th studio album, "Children of the Sun.

Posted by Defense World Staff on Mar 30th, 2026

SG Americas Securities LLC boosted its position in Tencent Music Entertainment Group Sponsored ADR (NYSE:TME – Free Report) by 85.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 542,198 shares of the company’s stock after purchasing an additional 250,261 shares during the quarter. SG Americas Securities LLC’s holdings in Tencent Music Entertainment Group were worth $9,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Tencent Music Entertainment Group during the 2nd quarter valued at $110,813,000. Krane Funds Advisors LLC raised its position in shares of Tencent Music Entertainment Group by 25.4% in the third quarter. Krane Funds Advisors LLC now owns 19,020,641 shares of the company’s stock worth $421,593,000 after buying an additional 3,856,410 shares in the last quarter. William Blair Investment Management LLC bought a new stake in Tencent Music Entertainment Group during the third quarter valued at $88,175,000. Robeco Institutional Asset Management B.V. boosted its stake in Tencent Music Entertainment Group by 174.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 5,319,631 shares of the company’s stock valued at $124,160,000 after buying an additional 3,384,583 shares during the period. Finally, Fullerton Fund Management Co Ltd. purchased a new position in Tencent Music Entertainment Group during the second quarter worth about $28,061,000. 24.32% of the stock is owned by institutional investors.

Tencent Music Entertainment Group Trading Up 0.1% Shares of TME stock opened at $9.44 on Monday. The business has a 50-day moving average price of $14.48 and a two-hundred day moving average price of $18.39. Tencent Music Entertainment Group Sponsored ADR has a 12-month low of $9.36 and a 12-month high of $26.70. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.04. The firm has a market cap of $14.62 billion, a P/E ratio of 9.53, a price-to-earnings-growth ratio of 0.62 and a beta of 0.56.

Tencent Music Entertainment Group Increases Dividend The company also recently announced an annual dividend, which will be paid on Thursday, April 23rd. Investors of record on Thursday, April 2nd will be given a $0.24 dividend. This represents a yield of 238.0%. The ex-dividend date is Thursday, April 2nd. This is a positive change from Tencent Music Entertainment Group’s previous annual dividend of $0.18. Tencent Music Entertainment Group’s dividend payout ratio is presently 23.23%.

Wall Street Analysts Forecast Growth Several analysts have weighed in on TME shares. Benchmark reaffirmed a “hold” rating on shares of Tencent Music Entertainment Group in a report on Wednesday, March 18th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $12.00 price objective on shares of Tencent Music Entertainment Group in a report on Wednesday, March 18th. Morgan Stanley restated an “equal weight” rating on shares of Tencent Music Entertainment Group in a research report on Thursday, March 19th. UBS Group reaffirmed a “neutral” rating and issued a $13.00 target price (down from $26.00) on shares of Tencent Music Entertainment Group in a research note on Wednesday, March 18th. Finally, Mizuho dropped their target price on shares of Tencent Music Entertainment Group from $28.00 to $23.00 and set an “outperform” rating for the company in a research report on Wednesday, March 18th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.03.

View Our Latest Stock Analysis on Tencent Music Entertainment Group

Tencent Music Entertainment Group Profile (Free Report)

Tencent Music Entertainment Group (NYSE: TME) is a China-based digital music and audio entertainment platform that operates a portfolio of leading music streaming and social entertainment services. Its core consumer-facing products include streaming apps, online karaoke (KTV) services and live music and entertainment broadcasts. The company monetizes its content through a mix of subscriptions, digital music sales, in-app purchases, virtual gifting, advertising and licensing arrangements with rights holders.

The company traces its roots to the consolidation of Tencent’s music assets and was established in the mid-2010s to unify several prominent music properties under a single operating entity.

Further Reading Five stocks we like better than Tencent Music Entertainment Group Want to see what other hedge funds are holding TME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tencent Music Entertainment Group Sponsored ADR (NYSE:TME – Free Report).

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For income investors, few things are as rewarding as receiving quarterly dividend payouts. But the next best thing very well might be learning that the stocks in their yield-focused portfolio are increasing those payouts.

And for shareholders of three high-profile stocks, that is precisely the case, with one announcing a big-time dividend increase of 33%.

While dividend boosts aren't uncommon, stock price performance and dividend yield shifts are two distinctly different storylines. The following semiconductor lynchpin, Chinese streaming behemoth, and premium home goods retailer each tell different tales.

Get Micron Technology alerts:

Micron Boosts Its Dividend Following +300% Surge Micron Technology Today

MU

Micron Technology

$981.61 -14.26 (-1.43%)

As of 04:00 PM Eastern

52-Week Range$103.38▼

$1,089.29Dividend Yield0.06%

P/E Ratio46.35

Price Target$737.63

After putting up blistering gains over the past year, Micron Technology NASDAQ: MU is getting back to dividend increases. Shares are up around 25% year-to-date (YTD) and have gained more than 300% over the past 12 months, driven by the ongoing shortage of high-bandwidth memory chips that are critical to artificial intelligence's growth trajectory.

That demand has served as an incredible tailwind for this stock. In its Q2 2026 earnings report, Micron reported revenue of $23.9 billion, surpassing estimates by almost $4 billion. The company’s guidance for next quarter was even more impressive. At the midpoint, Micron expects to generate revenue of $33.5 billion, which would exceed analyst expectations by more than $9 billion.

To go along with the firm’s fantastic performance, Micron announced a huge 30% increase to its quarterly dividend. The company plans to pay its next dividend on April 15 to shareholders of record on March 30.

On the surface, Micron’s indicated dividend yield—which sits at less than 0.2%—is not impressive. But it is noteworthy considering that this is the first time in nearly four years that the company raised its dividend, last doing so in mid-2022 with a 15% increase.

Micron's return to dividend increases—and the much larger size of its latest boost—highlights just how well things are going for this firm, which has rewarded shareholders with a 450% gain since last April's tariff tantrum.

Williams Sonoma Boosts Dividend 15% Despite Weakening Housing Outlook Williams-Sonoma Today

WSM

Williams-Sonoma

$223.18 +4.45 (+2.03%)

As of 03:59 PM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$152.20▼

$224.33Dividend Yield1.36%

P/E Ratio24.99

Price Target$211.47

Shares of Williams Sonoma NYSE: WSM—the owner and operator of home goods and furniture stores, including Williams Sonoma, Pottery Barn, and West Elm—had seen a YTD gain of more than 17% through early February before tumbling down 21% from its 2026 high. 

With waning housing demand amid still-elevated interest rates and home prices near record levels, Williams Sonoma has been punished. The company relies on housing transactions as a key demand driver for its premium products, as people tend to buy new and big-ticket home items alongside home purchases. Unfortunately, over the past several months, investors have seen a notable shift in tone among WSM executives regarding a potential 2026 housing market recovery.

In November during the company's Q3 2025 earnings calls, CEO Laura Alber said she was "very optimistic about housing next year." But in March during the company's Q4 earnings call, Alber noted that "We are not building into our assumptions a meaningful housing recovery." This change is to a degree attributable to the rapid rise in oil prices, driven by the conflict in Iran, and the subsequent economic fallout both stateside and around the globe (Williams Sonoma operates brick-and-mortar locations in the United States, Canada, Australia, and the United Kingdom, but its products are available to ship to over 60 countries). 

Rising oil prices, which affect large swaths of the economy, can put upward pressure on overall inflation. This makes it less likely that the Federal Reserve will lower interest rates in the near term. In turn, mortgages may carry higher interest rates than they otherwise would, depressing housing turnover and, subsequently, demand for Williams Sonoma's products.

Still, shares are up nearly 11% over the past year and the company is making good on its commitment to return more capital to shareholders. Williams Sonoma recently announced a significant 15% dividend increase, which will move its quarterly dividend distribution up to 76 cents per share. The firm expects to make its next payment on May 22 to shareholders of record as of April 17. Now, the stock’s indicated dividend yield sits at 1.5%, its highest level in almost a year.

Tencent: Profits and Dividends Soar as Shares Tank Tencent Music Entertainment Group Today

TME

Tencent Music Entertainment Group

$9.22 -0.05 (-0.49%)

As of 03:59 PM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$8.44▼

$26.70Dividend Yield2.50%

P/E Ratio11.52

Price Target$21.44

Last up is Chinese music streaming stock Tencent Music Entertainment Group NYSE: TME. With approximately 528 million monthly active users (MAUs), it is by far the leader in China’s music streaming market.

However, investors have hit shares very hard in 2026, causing them to fall more than 45% YTD. Much of that is due to increasing competition. Bytedance, the owner of Douyin (the Chinese version of TikTok), has rapidly expanded its Soda Music platform. Its MAUs reached 120 million in September 2025, good for year-over-year (YOY) growth of 90%.

Reports indicate that this figure grew to 140 million by March 2026. Meanwhile, Tencent saw a 5% decrease in its MAUs from Q4 2024 to Q4 2025. Still, the company’s revenues rose by around 16% YOY, and total operating profit increased by a whopping 53.4% YOY.

That growth comes despite Tencent's total MAUs declining, with the company's paying users increasing 5.3% YOY, helping offset overall user declines. But the fact that TME’s growth funnel of total MAUs is shrinking, its ceiling for future paid user growth is ultimately lower. Tencent now trades at a forward price-to-earnings (P/E) ratio of around 10x, tied for its lowest level over the past five years.

However, a silver lining amid TME’s decline is that its indicated dividend yield is now near its highest level ever. The figure sits near 2.5%, aided by the 33% dividend increase TME recently announced. The company’s dividend, which it pays annually, moves up to 24 cents per American Depository Share. TME plans to pay this dividend “on or around” April 23 to shareholders of record on April 2.

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Factory Mutual Insurance Co. acquired a new position in shares of Tencent Music Entertainment Group Sponsored ADR (NYSE:TME – Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 68,937 shares of the company’s stock, valued at approximately $1,208,000.

Other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC purchased a new position in Tencent Music Entertainment Group during the 3rd quarter worth $31,000. Allworth Financial LP increased its holdings in Tencent Music Entertainment Group by 63.2% during the 3rd quarter. Allworth Financial LP now owns 1,480 shares of the company’s stock worth $35,000 after purchasing an additional 573 shares during the period. Global Retirement Partners LLC increased its holdings in Tencent Music Entertainment Group by 1,326.5% during the 3rd quarter. Global Retirement Partners LLC now owns 1,883 shares of the company’s stock worth $44,000 after purchasing an additional 1,751 shares during the period. Jones Financial Companies Lllp increased its holdings in Tencent Music Entertainment Group by 137.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,414 shares of the company’s stock worth $57,000 after purchasing an additional 1,397 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in Tencent Music Entertainment Group by 83.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,005 shares of the company’s stock worth $59,000 after purchasing an additional 1,363 shares during the period. 24.32% of the stock is currently owned by hedge funds and other institutional investors.

Tencent Music Entertainment Group Trading Up 0.6% Shares of NYSE:TME opened at $9.35 on Friday. Tencent Music Entertainment Group Sponsored ADR has a 12-month low of $8.78 and a 12-month high of $26.70. The business’s fifty day simple moving average is $12.99 and its 200-day simple moving average is $17.32. The company has a market capitalization of $14.48 billion, a PE ratio of 9.44, a P/E/G ratio of 0.61 and a beta of 0.80. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.04.

Tencent Music Entertainment Group Increases Dividend The firm also recently disclosed an annual dividend, which will be paid on Thursday, April 23rd. Stockholders of record on Thursday, April 2nd will be given a $0.24 dividend. This represents a dividend yield of 262.0%. The ex-dividend date of this dividend is Thursday, April 2nd. This is a positive change from Tencent Music Entertainment Group’s previous annual dividend of $0.18. Tencent Music Entertainment Group’s payout ratio is 23.23%.

Analysts Set New Price Targets Several research firms have commented on TME. Mizuho reduced their price objective on Tencent Music Entertainment Group from $28.00 to $23.00 and set an “outperform” rating on the stock in a report on Wednesday, March 18th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Tencent Music Entertainment Group in a report on Monday, December 29th. Barclays cut their price target on Tencent Music Entertainment Group from $28.00 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, March 19th. Daiwa Securities Group reiterated a “hold” rating and issued a $12.00 price target on shares of Tencent Music Entertainment Group in a report on Wednesday, March 18th. Finally, Benchmark reiterated a “hold” rating on shares of Tencent Music Entertainment Group in a report on Wednesday, March 18th. Six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, Tencent Music Entertainment Group currently has an average rating of “Hold” and a consensus price target of $22.03.

Get Our Latest Report on TME

Tencent Music Entertainment Group Profile (Free Report)

Tencent Music Entertainment Group (NYSE: TME) is a China-based digital music and audio entertainment platform that operates a portfolio of leading music streaming and social entertainment services. Its core consumer-facing products include streaming apps, online karaoke (KTV) services and live music and entertainment broadcasts. The company monetizes its content through a mix of subscriptions, digital music sales, in-app purchases, virtual gifting, advertising and licensing arrangements with rights holders.

The company traces its roots to the consolidation of Tencent’s music assets and was established in the mid-2010s to unify several prominent music properties under a single operating entity.

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, /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in China, today released its 2025 Environmental, Social and Governance ("ESG") Report, detailing the strategic actions taken to drive its sustainability agenda.

Mr. Cussion Pang, Executive Chairman of TME, commented, "The solid execution of our dual content-and-platform strategy has pushed the boundaries of value creation for users, artists, and partners across the music ecosystem, charting new pathways for industry advancement. Looking ahead, we will continue to harness the power of music and technology to create lasting positive impact, fostering a sustainable future for the music industry and society at large."

To access the Company's 2025 ESG Report, please visit: https://ir.tencentmusic.com/ESG-Reports.

About Tencent Music Entertainment

Tencent Music Entertainment Group (NYSE: TME and HKEX: 1698) is the leading online music and audio entertainment platform in China, operating the country's highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing. TME's mission is to create endless possibilities with music and technology. TME's platform comprises online music, online audio, online karaoke, music-centric live streaming and online concert services, enabling music fans to discover, listen, sing, watch, perform and socialize around music. For more information, please visit ir.tencentmusic.com.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC and the HKEX. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

Investor Relations Contact
Tencent Music Entertainment Group
[email protected]
+86 (755) 8601-3388 ext. 885034

SOURCE Tencent Music Entertainment Group

, /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in China, today announced its unaudited financial results for the first quarter ended March 31, 2026.

First Quarter 2026 Financial Highlights

Total revenues were RMB7.90 billion (US$1.15 billion), representing a 7.3% year-over-year increase, primarily due to strong growth in revenues from music related services[1]. Revenues from music related services[1] were RMB6.51 billion (US$944 million), representing 12.2% year-over-year growth. Revenues from membership services[2] were RMB4.57 billion (US$662 million), representing 6.6% year-over-year growth. Revenues from music related services other than membership services were RMB1.94 billion (US$282 million), representing 28.0% year-over-year growth. On an IFRS basis: Net profit attributable to equity holders of the Company was RMB2.09 billion (US$303 million), compared with RMB4.29 billion in the same period of 2025, as the Company has recognized a gain of RMB2.37 billion on deemed disposal of an associate in the first quarter of 2025. Diluted earnings per ADS was RMB1.34 (US$0.19), compared with RMB2.77 in the same period of 2025. On a non-IFRS basis: Adjusted EBITDA[3] was RMB2.83 billion (US$410 million), representing 10.5% year-over-year growth. Non-IFRS net profit attributable to equity holders of the Company[3] was RMB2.27 billion (US$330 million), representing 7.0% year-over-year growth. Non-IFRS diluted earnings per ADS was RMB1.46 (US$0.21), up from RMB1.37 in the same period of 2025. Total cash, cash equivalents, term deposits and short-term investments as of March 31, 2026 were RMB41.00 billion (US$5.94 billion). Mr. Cussion Pang, Executive Chairman of TME, commented, "This quarter's steady results reflect the effectiveness of our holistic approach to the music ecosystem. By expanding how we serve and engage our audience, we have built a more diversified and resilient model, supported by continued strong growth beyond membership services in our music related business. While AI is broadening participation in content creation, it does not replace human creativity and, in many ways, reinforces the scarcity and intrinsic value of premium IP—which remains central to deeper engagement and greater wallet share. Rooted in strong copyright protection, we are committed to channeling this value to elevate the creative economy, unlock new opportunities across the music industry, and drive enduring long-term value."

Mr. Ross Liang, CEO of TME, continued, "As we operate in an increasingly competitive landscape, we remain focused on strengthening the resilience of our platform. Anchored by our content-and-platform dual engine, we continue to bolster differentiation, drive engagement, and expand user lifetime value. Leveraging Tencent's ecosystem, we are broadening user reach and deepening penetration, while advancing a tiered subscription strategy to better address diverse user needs. During the quarter, we delivered continued improvement in SVIP adoption and user engagement. Together, these initiatives position us to compete effectively while driving scalable growth and durable monetization over time."

First Quarter 2026 Operational Highlights

CONTENT – To unlock long-term value, we continued to invest in premium IP to drive differentiation and engagement, while leveraging AI to enrich content creation and improve efficiency.

Strengthened our premium evergreen catalog by renewing key label partnerships, including JVR Music, Linfair Records, and MOK-A-BYE BABY MUSIC LTD., securing access to iconic artists such as Jay Chou, Karen Mok, Harlem Yu, and Angela Zhang[4]. We also deepened our strategic partnership with TF Entertainment through 30-day early release windows and expanded physical collaboration, reinforcing our content leadership and competitive differentiation. Captured more user mindshare with our proprietary content. High-impact releases—including Zhou Shen's chart-topping theme song for Sony Pictures' Project Hail Mary—collectively drove incremental streams across our self-produced catalog and further enhanced its visibility. Harnessed AI to enhance production efficiency and revitalize classic IP. Our AI tools empower creators by lowering production barriers and accelerating workflows, effectively increasing content supply, with AI-generated songs accounting for a growing share of daily new releases. High-quality, authorized AI covers reintroduce classic works to new audiences and drive incremental engagement with original tracks. PLATFORM – Sustained our user base through a multi-pronged approach and advanced a multi-tiered monetization strategy, including new offerings to capture demand for super-premium music experiences.

Recently stepped up collaboration with the Tencent's Weixin Video Account to create a seamless funnel that converts casual background music (BGM) discovery into high-quality music streaming, enabling us to strengthen user base and drive incremental traffic. To better engage casual listeners, we diversified touchpoints across the platform. Combined with AI-driven recommendations with interactive features, these initiatives encourage users to favorite tracks and curate playlists, fostering the accumulation of personal music assets. SVIP membership continued to see solid adoption and engagement. To enhance its appeal, we appointed major artists such as Ryan Ding, Ju Jingyi, Liu Yuning, JC-T, and Karry Wang as ambassadors for a variety of collaborations. We also introduced tailored collections for leading K-pop artists such as BLACKPINK, EXO, and IVE, combining digital albums with physical collectibles including NFC cards. To meet demand for super-premium experiences, we launched our inaugural Fan Club membership with Silence Wang, integrating priority ticketing and exclusive merchandise to further enrich the fan experience. IP-VALUE – Adopted a holistic, pan-IP approach to amplify music influence, simultaneously boosting user reach, engagement, and wallet share.

Extended the IP value chain and unlocked commercial value through innovative virtual and physical offerings. A prime example is our strengthened partnership with Jay Chou for his digital album, Children of the Sun where combined digital and physical benefits drove strong engagement and generated over RMB100 million in sales. Achieved triple-digit year-over-year growth in revenues related to live performance while growing our IP's global footprint. We hosted flagship concerts with leading K-pop groups, including BABYMONSTER's concerts in Taiwan, China, and NCT WISH's concerts in Hong Kong, China, and elevated strategic artists such as Will Pan, Silence Wang, Tia Ray, Angela Zhang, Jane Zhang, Zhang Yuan, and GAI onto prominent domestic and international stages, enhancing their global reach and commercial value. First Quarter 2026 Financial Review

Total revenues increased by RMB539 million, or 7.3%, to RMB7.90 billion (US$1.15 billion) from RMB7.36 billion in the same period of 2025.

Revenues from music related services increased by 12.2% to RMB6.51 billion (US$944 million), compared with RMB5.80 billion in the same period of 2025. The increase was driven by solid growth in revenues from membership services and offline performances related services, supplemented by growth in revenues from advertising services. Revenues from membership services were RMB4.57 billion (US$662 million), representing 6.6% year-over-year growth, compared with RMB4.28 billion in the same period of 2025. The growth was mainly driven by our continuous expansion of SVIP membership privileges, such as early access to offline performances and artist-related merchandise, and the launch of other new membership programs, such as bubble, WeverseDM, and fan-club membership. Revenues from offline performances related services achieved robust year-over-year growth. We successfully staged several successful concerts for our strategically collaborated local and Korean artists across domestic and overseas markets. The year-over-year increase in revenues from advertising services was primarily due to our more diversified product portfolio and innovative ad formats, such as ad-supported mode. Revenues from social entertainment services and others decreased by 11.0% to RMB1.38 billion (US$200 million) from RMB1.55 billion in the same period of 2025. Cost of revenues increased by 5.7% year-over-year to RMB4.35 billion (US$630 million), mainly due to increased costs related to offline performances, advertising services and other IP related services. Meanwhile, revenue sharing fees decreased, resulting from declines in both revenue sharing ratio and revenues from social entertainment services. 

Gross margin increased to 44.9% from 44.1% in the same period of 2025, primarily due to increase in revenues from membership services, along with decreased channel fee.

Total operating expenses increased by 5.9% year-over-year to RMB1.21 billion (US$176 million). Operating expenses as a percentage of total revenues decreased to 15.3% from 15.5% in the same period of 2025. 

Selling and marketing expenses were RMB271 million (US$39 million), representing a 36.2% year-over-year increase. The increase was primarily due to higher channel spending and content promotion expenses. General and administrative expenses were RMB940 million (US$136 million), and remained relatively stable compared with the same period of 2025. On an IFRS basis, net profit and net profit attributable to equity holders of the Company for the first quarter of 2026 were RMB2.14 billion (US$310 million) and RMB2.09 billion (US$303 million), respectively. Basic and diluted earnings per American Depositary Shares ("ADS") for the first quarter of 2026 were RMB1.36 (US$0.20) and RMB1.34 (US$0.19), respectively. The Company had weighted averages of 1.54 billion basic and 1.56 billion diluted ADSs outstanding, respectively. Each ADS represents two of the Company's Class A ordinary shares.

On a non-IFRS basis, adjusted EBITDA for the first quarter of 2026 were RMB2.83 billion (US$410 million). Non-IFRS net profit was RMB2.33 billion (US$338 million) and non-IFRS net profit attributable to equity holders of the Company was RMB2.27 billion (US$330 million). Non-IFRS basic and diluted earnings per ADS were RMB1.48 (US$0.21) and RMB1.46 (US$0.21), respectively. Please refer to the section in this press release titled "Non-IFRS Financial Measures" for details.

As of March 31, 2026, the combined balance of the Company's cash, cash equivalents, term deposits and short-term investments amounted to RMB41.00 billion (US$5.94 billion), compared with RMB38.04 billion as of December 31, 2025. 

Declaration and Payment of 2025 Dividend

On March 17, 2026, the Company's board of directors declared a cash dividend of US$0.12 per ordinary share, or US$0.24 per ADS, for the year ended December 31, 2025, to holders of record of ordinary shares and ADSs as of the close of business on April 2, 2026. The payment for the cash dividend of US$370 million was made in April 2026.

Environmental, Social, and Governance ("ESG")

On April 20, 2026, we released our 2025 ESG Report, detailing our progress in empowering creators, promoting digital inclusion, and driving sustainability across our value chain. These initiatives have strengthened our ecosystem's resilience, leading to improved ESG ratings and broader recognition from our stakeholders.

Exchange Rate

This announcement contains translations of certain RMB amounts into U.S. dollars ("USD") at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to USD were made at the rate of RMB6.8980 to US$1.00, the noon buying rate in effect on March 31, 2026, in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or USD amounts referred could be converted into USD or RMB, as the case may be, at any particular rate or at all. For analytical presentation, all percentages are calculated using the numbers presented in the financial statements contained in this earnings release.

Non-IFRS Financial Measures 

The Company uses non-IFRS financial measures for the period, including non-IFRS net profit, adjusted EBITDA(inc.SBC) and adjusted EBITDA, in evaluating its operating results and for financial and operational decision-making purposes. TME believes that non-IFRS financial measures help identify underlying trends in the Company's business that could otherwise be distorted by the effect of certain expenses that the Company includes in its profit for the period. TME believes that non-IFRS financial measures for the period provide useful information about its results of operations, enhances the overall understanding of its past performance and future prospects and allows for greater visibility with respect to key metrics used by its management in its financial and operational decision-making. 

Non-IFRS financial measures for the period should not be considered in isolation or construed as an alternative to operating profit, net profit for the period or any other measure of performance or as an indicator of its operating performance. Investors are encouraged to review non-IFRS financial measures for the period and the reconciliation to its most directly comparable IFRS measure. Non-IFRS financial measures for the period presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to the Company's data. TME encourages investors and others to review its financial information in its entirety and not rely on a single financial measure. 

Adjusted EBITDA(inc.SBC) for the period represents net profit for the period excluding income tax expense, finance cost, share of profit/loss of associates and joint ventures, other gains/losses, interest income, depreciation of property, plant and equipment and right-of-use assets, and amortization of intangible assets. 

Adjusted EBITDA for the period represents net profit for the period excluding income tax expense, finance cost, share of profit/loss of associates and joint ventures, other gains/losses, interest income, depreciation of property, plant and equipment and right-of-use assets, amortization of intangible assets, and share-based compensation expenses. 

Non-IFRS net profit for the period represents profit for the period excluding amortization of intangible and other assets arising from business acquisitions or combinations, share-based compensation expenses, net losses/gains from investments and related income tax effects.

Please see the "Unaudited Non-IFRS Financial Measures" included in this press release for a full reconciliation of adjusted EBITDA(inc.SBC), adjusted EBITDA and non-IFRS net profit for the period to its net profit for the period.

[1] Starting from the first quarter of 2026, "online music services" has been renamed to "music related services" to better reflect the nature of our businesses included in this business line. Such change does not affect the amounts of our historical revenue or its accounting treatment.

[2] As part of music related services, membership services primarily consist of membership fees paid for membership benefits and privileges, including access to music and audio content, and other benefits and privileges within music related services. Revenues from membership services for each quarter of 2025 were RMB4,284 million, RMB4,434 million, RMB4,564 million and RMB4,625 million, respectively.

[3] See the sections entitled "Non-IFRS Financial Measures" and "Unaudited Non-IFRS Financial Measures" for more information about the non-IFRS measures referred to within this announcement.

[4] Names grouped by artists and bands, sorted in alphabetical order by family names.

About Tencent Music Entertainment

Tencent Music Entertainment Group (NYSE: TME and HKEX: 1698) is the leading online music and audio entertainment platform in China, operating the country's highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing. TME's mission is to create endless possibilities with music and technology. TME's platform comprises online music, online audio, online karaoke, music-centric live streaming and online concert services, enabling music fans to discover, listen, sing, watch, perform and socialize around music. For more information, please visit ir.tencentmusic.com.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC and the HKEX. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

Investor Relations Contact 
Tencent Music Entertainment Group
[email protected]  
+86 (755) 8601-3388 ext. 885034

TENCENT MUSIC ENTERTAINMENT GROUP

CONSOLIDATED INCOME STATEMENTS

Three Months Ended March 31

2025

2026

 RMB 

 RMB 

 US$ 

 Unaudited 

 Unaudited 

 Unaudited 

(in millions, except per share data)

Revenues

Music related services*

5,804

6,514

944

Social entertainment services and others

1,552

1,381

200

7,356

7,895

1,145

Cost of revenues

(4,114)

(4,349)

(630)

Gross profit

3,242

3,546

514

Selling and marketing expenses

(199)

(271)

(39)

General and administrative expenses

(944)

(940)

(136)

Total operating expenses

(1,143)

(1,211)

(176)

Interest income 

297

246

36

Other gains, net

2,440

66

10

Operating profit

4,836

2,647

384

Share of net profit/(loss) of investments accounted
for using equity method

23

(7)

(1)

Finance cost

(25)

(46)

(7)

Profit before income tax

4,834

2,594

376

Income tax expense

(446)

(457)

(66)

Profit for the period

4,388

2,137

310

Attributable to:

Equity holders of the Company

4,291

2,091

303

Non-controlling interests

97

46

7

Earnings per share for Class A and Class B
ordinary shares

Basic

1.40

0.68

0.10

Diluted

1.39

0.67

0.10

Earnings per ADS (2 Class A shares equal to 1 ADS)

Basic

2.81

1.36

0.20

Diluted

2.77

1.34

0.19

Shares used in earnings per Class A and Class B
ordinary share computation:

Basic

3,054,522,173

3,081,340,243

3,081,340,243

Diluted

3,093,008,542

3,111,369,968

3,111,369,968

ADS used in earnings per ADS computation

Basic

1,527,261,087

1,540,670,122

1,540,670,122

Diluted

1,546,504,271

1,555,684,984

1,555,684,984

* Starting from the first quarter of 2026, "online music services" has been renamed to "music related services" to better
reflect the nature of our businesses included in this business line. Such change does not affect the amounts of our historical
revenue or its accounting treatment.

TENCENT MUSIC ENTERTAINMENT GROUP

UNAUDITED NON-IFRS FINANCIAL MEASURES

Three Months Ended March 31

2025

2026

 RMB 

 RMB 

 US$ 

 Unaudited  

 Unaudited  

 Unaudited  

(in millions, except per share data)

Profit for the period

4,388

2,137

310

Adjustments:

Income tax expense

446

457

66

Finance cost

25

46

7

Share of net (profit)/loss of investments accounted for
using equity method

(23)

7

1

Operating profit

4,836

2,647

384

Other gains, net

(2,440)

(66)

(10)

Interest income 

(297)

(246)

(36)

Depreciation of property, plant and equipment and
right-of-use assets

38

35

5

Amortisation of intangible assets

275

298

43

Adjusted EBITDA(inc. SBC) 

2,412

2,668

387

Share-based compensation

150

163

24

Adjusted EBITDA

2,562

2,831

410

Profit for the period

4,388

2,137

310

Adjustments:

Amortization of intangible and other assets arising from
business acquisitions or combinations*

105

89

13

Share-based compensation

161

163

24

Gains from investments**

(2,375)

(2)

-

Income tax effects***

(53)

(54)

(8)

Non-IFRS Net Profit

2,226

2,333

338

Attributable to:

Equity holders of the Company

2,124

2,273

330

Non-controlling interests

102

60

9

Earnings per share for Class A and Class B
ordinary shares

Basic

0.70

0.74

0.11

Diluted

0.69

0.73

0.11

Earnings per ADS (2 Class A shares equal to 1 ADS)

Basic

1.39

1.48

0.21

Diluted

1.37

1.46

0.21

Shares used in earnings per Class A and Class B
ordinary share computation:

Basic

3,054,522,173

3,081,340,243

3,081,340,243

Diluted

3,093,008,542

3,111,369,968

3,111,369,968

ADS used in earnings per ADS computation

Basic

1,527,261,087

1,540,670,122

1,540,670,122

Diluted

1,546,504,271

1,555,684,984

1,555,684,984

* Represents the amortization of identifiable assets, including intangible assets such as domain name, trademark, copyrights,
supplier resources, corporate customer relationships and non-compete agreement etc., and fair value adjustment on music content
(i.e., signed contracts obtained for the rights to access to the music contents for which the amount was amortized over the
contract period), resulting from business acquisitions or combination.

** Including the net gains/losses on deemed disposals/disposals of investments, fair value changes arising from investments,
impairment provision of investments and other expenses in relation to equity transactions of investments.

*** Represents the income tax effects of Non-IFRS adjustments.

TENCENT MUSIC ENTERTAINMENT GROUP

CONSOLIDATED BALANCE SHEETS

As at December 31, 2025

As at March 31, 2026

 RMB 

 RMB 

 US$ 

 Audited 

 Unaudited 

 Unaudited 

(in millions)

ASSETS

Non-current assets

Property, plant and equipment

1,201

1,301

189

Land use rights

2,290

2,272

329

Right-of-use assets

287

272

39

Intangible assets

2,899

2,770

402

Goodwill

20,521

20,528

2,976

Investments accounted for using equity method 

1,659

2,593

376

Financial assets at fair value through other comprehensive income 

26,231

19,866

2,880

Other investments

303

299

43

Prepayments, deposits and other assets

365

418

61

Deferred tax assets

498

535

78

Term deposits

13,810

14,330

2,077

70,064

65,184

9,450

Current assets

Inventories

41

48

7

Accounts receivable

3,903

3,825

555

Prepayments, deposits and other assets

4,183

4,036

585

Other investments

83

73

11

Term deposits

15,763

8,254

1,197

Restricted Cash 

15

15

2

Cash and cash equivalents

8,470

18,416

2,670

32,458

34,667

5,026

Total assets

102,522

99,851

14,475

EQUITY

Equity attributable to equity holders of the Company

Share capital

2

2

0

Additional paid-in capital

29,919

30,020

4,352

Shares held for share award schemes

(801)

(821)

(119)

Treasury shares 

(664)

(664)

(96)

Other reserves

22,450

17,156

2,487

Retained earnings

29,381

28,647

4,153

80,287

74,340

10,777

Non-controlling interests

2,763

2,790

404

Total equity

83,050

77,130

11,182

LIABILITIES

Non-current liabilities

Borrowings

-

1,100

159

Notes payables

3,497

3,443

499

Other payables and other liabilities

379

425

62

Deferred tax liabilities

504

588

85

Lease liabilities

200

188

27

Deferred revenue 

303

356

52

4,883

6,100

884

Current liabilities

Accounts payable 

6,284

6,176

895

Other payables and other liabilities

3,558

5,460

792

Current tax liabilities

1,092

1,059

154

Lease liabilities

116

111

16

Deferred revenue

3,539

3,815

553

14,589

16,621

2,410

Total liabilities

19,472

22,721

3,294

Total equity and liabilities

102,522

99,851

14,475

TENCENT MUSIC ENTERTAINMENT GROUP

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

Three Months Ended March 31

2025

2026

 RMB 

 RMB 

 US$ 

 Unaudited  

 Unaudited  

 Unaudited  

(in millions)

Net cash provided by operating activities 

2,519

2,332

338

Net cash (used in)/provided by investing activities 

(3,221)

6,650

964

Net cash (used in)/provided by financing activities

(456)

1,011

147

Net (decrease)/increase in cash and cash equivalents 

(1,158)

9,993

1,449

Cash and cash equivalents at beginning of the period

13,164

8,470

1,228

Exchange differences on cash and cash equivalents

16

(47)

(7)

Cash and cash equivalents at end of the period

12,022

18,416

2,670

SOURCE Tencent Music Entertainment Group

, /PRNewswire/ -- As the world counts down to the 2026 FIFA World Cup, Coca-Cola ignites the excitement with its brand-new official anthem, "JUMP" – the 2026 FIFA World Cup Coca-Cola Anthem. The song is jointly produced by Tencent Music Entertainment Group (TME) and Coca-Cola. Alongside the global version, a specially adapted Chinese recording has been released, infusing the iconic melody with the soul of traditional Chinese music and unstoppable energy. Performed by Coca-Cola brand ambassador Liu Yuning and global superstar J. Balvin, "JUMP" launched on May 6th across Tencent Music Entertainment's QQ Music, Kugou Music, and Kuwo Music – as well as global streaming giants Spotify, Apple Music, and YouTube Music. This is more than a song: it is a musical tribute that proudly lets the world hear the power and passion of China's voice.

Making history as Coca-Cola's first Chinese-language World Cup anthem in 12 years, "JUMP" reimagines a rock classic by Van Halen. With a dream production team including Steve Vai and Travis Barker, the track shatters creative boundaries – rock solid at its core, yet richly layered with traditional Chinese instrumentation. The pipa dances, the guzheng sings, the Tang drum thunders, and the erhu whispers with ancient depth – all intertwined with blazing electric guitars and pounding drumbeats. Then comes Liu Yuning's fiery, signature rap, injecting a distinctly Chinese spirit of courage and joy into the anthem. The result is a breathtaking fusion where Chinese musical heritage and global rock energy collide in a moment of pure, jubilant celebration.

From a bold reimagining of a classic to a profound cultural fusion, "JUMP" is more than a World Cup anthem – it is a powerful declaration of Chinese voices embracing the world stage with confidence and pride. The FIFA World Cup is the ultimate arena for global connection, and "JUMP" lets fans everywhere feel the depth of Chinese culture and the warmth of China's open heart through every uplifting note. It is Coca-Cola's way of using music to unite the world, capturing the spirit of "cheering, raising a glass, and seizing the moment" – with Chinese voices shining brightly as an essential part of the global celebration.

Coca-Cola endorses cultural exchange and global unity through music. With "JUMP," the brand proudly champions the beauty of China's musical traditions and their place on the world's biggest stage. As stadiums roar and fans jump as one, this anthem – blending raw passion with the elegance of Chinese musical aesthetics – will echo through every unforgettable moment of the 2026 FIFA World Cup, connecting hearts across all borders.

SOURCE Tencent Music Entertainment Group