Financials in USD. Standardized financial statements.
A compact view of how Tencent Music Entertainment Group turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $32.90B | $28.40B | $27.75B | $28.34B | $31.24B | $29.15B | $25.43B | $18.98B | $10.98B | $4.36B |
| Revenue Growth? | +15.8% | +2.3% | -2.1% | -9.3% | +7.2% | +14.6% | +34.0% | +72.9% | +151.8% | 0.0% |
| Cost of Revenue? | $18.37B | $16.38B | $17.96B | $19.57B | $21.84B | $19.85B | $16.76B | $11.71B | $7.17B | $3.13B |
| Gross Profit? | $14.54B | $12.03B | $9.79B | $8.77B | $9.40B | $9.30B | $8.67B | $7.28B | $3.81B | $1.23B |
| Gross Margin? | +44.2% | +42.3% | +35.3% | +31.0% | +30.1% | +31.9% | +34.1% | +38.3% | +34.7% | +28.3% |
| Operating Expenses? | $4.80B | $3.31B | $3.74B | $4.33B | $5.60B | $4.59B | $4.05B | $3.97B | $2.40B | $1.14B |
| Operating Income? | $9.74B | $8.71B | $6.06B | $4.44B | $3.80B | $4.71B | $4.62B | $2.04B | $1.59B | $103.00M |
| EBITDA? | $14.77B | $9.81B | $5.72B | $5.65B | $4.75B | $5.55B | $4.61B | $2.41B | $1.98B | $329.00M |
| Income Before Tax | $13.28B | $8.71B | $6.04B | $4.37B | $3.63B | $4.63B | $4.54B | $2.00B | $1.60B | $114.00M |
| Income Tax Expense | $1.92B | $1.60B | $825.00M | $534.00M | $417.00M | $456.00M | $563.00M | $171.00M | $278.00M | $29.00M |
| Net Income? | $11.06B | $6.64B | $4.92B | $3.68B | $3.03B | $4.16B | $3.98B | $1.83B | $1.33B | $82.00M |
| EPS? | $7.00 | $4.30 | $3.16 | $2.30 | $1.82 | $2.50 | $2.44 | $1.19 | $0.82 | $0.05 |
| Diluted EPS? | $6.92 | $4.24 | $3.10 | $2.28 | $1.80 | $2.48 | $2.38 | $1.16 | $0.81 | $0.05 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality