Tencent Music Entertainment Group (TME) is a music streaming company listed on the New York Stock Exchange (NYSE). According to the latest data, TME has a market capitalization of $14.05 bln and its stock price is 8.01 with a 3.14% decrease from the previous close.
Looking at the revenue figures over the past few years, it can be seen that TME’s revenue has been steadily increasing over time. In March 2021, its revenue was reported as 760.7 mln USD, which then increased to 690.5 mln USD in June 2022. This trend continued until November 2022 when TME reported revenues of 736.5 mln USD, representing an increase of 23% from March 2021 figures.
In terms of earnings per share (EPS), TME has also seen increases over time, with its EPS increasing from 0.5 in March 2021 to 0.86 in November 2022, representing an increase of 72%. As of yet, no estimated EPS figure has been released for March 2023 but it is expected that this figure will continue to rise given current trends and projections for future growth.
Overall, Tencent Music Entertainment Group appears to have a healthy financial situation and prospects for future growth look positive. With steady increases in both revenue and EPS figures over the last year, it looks like TME will continue to be an attractive investment opportunity going forward with potential for further gains ahead in the future.
