Tencent Music Entertainment (TME) is trading down at $8.53 (-1.67%), as of the latest quote. It operates in the Communication Services sector.
Tencent Music Entertainment revenue & net income history (FY2016–FY2024)
| FY2016Dec 2016 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Revenue | CN¥4.36B | CN¥11.0B | CN¥19.0B | CN¥25.4B | CN¥29.2B | CN¥31.2B | CN¥28.3B | CN¥27.8B | CN¥28.4B |
| Growth (year over year) | — | +151.8% | +72.9% | +34.0% | +14.6% | +7.2% | −9.3% | −2.1% | +2.3% |
| Gross profit | CN¥1.23B | CN¥3.81B | CN¥7.28B | CN¥8.67B | CN¥9.30B | CN¥9.40B | CN¥8.77B | CN¥9.79B | CN¥12.0B |
| Gross margin | 28.3% | 34.7% | 38.3% | 34.1% | 31.9% | 30.1% | 31.0% | 35.3% | 42.3% |
| Operating income | CN¥103.0M | CN¥1.59B | CN¥2.04B | CN¥4.62B | CN¥4.71B | CN¥3.80B | CN¥4.44B | CN¥6.06B | CN¥8.71B |
| Operating margin | 2.4% | 14.5% | 10.7% | 18.2% | 16.2% | 12.2% | 15.7% | 21.8% | 30.7% |
| Net income | CN¥82.0M | CN¥1.33B | CN¥1.83B | CN¥3.98B | CN¥4.16B | CN¥3.03B | CN¥3.68B | CN¥4.92B | CN¥6.64B |
| Net margin | 1.9% | 12.1% | 9.7% | 15.7% | 14.3% | 9.7% | 13.0% | 17.7% | 23.4% |
| Balance sheet | |||||||||
| Cash and equivalents | CN¥3.07B | CN¥5.17B | CN¥17.4B | CN¥15.4B | CN¥11.1B | CN¥6.59B | CN¥9.55B | CN¥13.6B | CN¥13.2B |
| Total assets | — | CN¥30.0B | CN¥44.6B | CN¥52.7B | CN¥68.3B | CN¥67.3B | CN¥67.0B | CN¥75.5B | CN¥90.4B |
| Total liabilities | — | CN¥3.85B | CN¥6.83B | CN¥9.00B | CN¥15.5B | CN¥16.2B | CN¥17.9B | CN¥18.3B | CN¥20.7B |
| Shareholders' equity | CN¥20.6B | CN¥26.1B | CN¥37.7B | CN¥43.6B | CN¥52.2B | CN¥50.3B | CN¥48.1B | CN¥55.9B | CN¥67.9B |
| Cash flow | |||||||||
| Operating cash flow | CN¥873.0M | CN¥2.50B | CN¥5.63B | CN¥6.20B | CN¥4.88B | CN¥5.24B | CN¥7.48B | CN¥7.34B | CN¥10.3B |
| Capital expenditure | CN¥41.0M | CN¥75.0M | CN¥132.0M | CN¥95.0M | CN¥108.0M | CN¥159.0M | CN¥85.0M | CN¥165.0M | CN¥319.0M |
| Free cash flow | CN¥832.0M | CN¥2.42B | CN¥5.50B | CN¥6.11B | CN¥4.78B | CN¥5.08B | CN¥7.40B | CN¥7.17B | CN¥9.96B |
| Dividends paid | — | — | — | — | — | CN¥0 | CN¥0 | — | CN¥1.51B |
| Share buybacks | — | — | — | — | CN¥134.0M | CN¥3.48B | CN¥3.13B | CN¥1.25B | CN¥1.93B |
From Tencent Music Entertainment's 20-F and 6-K filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. Amounts are in Chinese Yuan (CNY), as reported, not converted to dollars. Per-share figures are per ordinary share, which is not always the share traded in the US: an ADS can stand for several, or for part of one. Filings on SEC EDGAR →
About Tencent Music Entertainment
Tencent Music Entertainment Group is a company that develops music streaming services for the Chinese market. Tencent Music Entertainment's apps include QQ Music, KuGou, Kuwo, and WeSing, which have more than 800 million active users and 120 million paying subscribers. As of July 2016, Tencent Music Entertainment's three services held an estimated 56% market share of music streaming services in China.
Source: Wikipedia — Tencent Music Entertainment
- Headquarters
- Nanshan District, Shenzhen, China From SEC filings, Oct 2026
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