Morgan Stanley on Tencent Music Entertainment Group (TME): 'Competition looks not to be an issue'

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Go back to Morgan Stanley on Tencent Music Entertainment Group (TME): 'Competition looks not to be an issue'

BNP Exane Paribas Positive on Tencent Music (TME): 'Q3 beat underpins LT appeal'

November 13, 2025 8:37 AM EST

BNP Exane Paribas Positive on Tencent Music (NYSE: TME): 'Q3 beat underpins LT appeal'.

The analyst comments "QUICK TAKE: By segment, VAS grew 16% (cons at 13%), with gaming again strong (Domestic +15%, International +42%) led by HoK, Delta Force, Valorant, Supercell. Marketing Services very strong... More