Tencent Music Entertainment Group
NYSE:TME
Tencent Music Entertainment Group
NYSE:TME
Price:
13.535
USD
-4.28%
Market Cap:
$20.9B
Income Statement
Earnings Waterfall
Tencent Music Entertainment Group
Tencent Music Entertainment Group
Income Statement
Tencent Music Entertainment Group
Tencent Music Entertainment Group
Currency: CNY
| Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
8
|
17
|
26
|
35
|
44
|
57
|
66
|
68
|
67
|
62
|
86
|
99
|
108
|
120
|
108
|
149
|
120
|
114
|
108
|
115
|
0
|
0
|
0
|
173
|
0
|
0
|
0
|
124
|
0
|
0
|
0
|
|
| Revenue |
9 396
N/A
|
10 981
+17%
|
12 992
+18%
|
15 115
+16%
|
17 174
+14%
|
18 985
+11%
|
20 605
+9%
|
22 000
+7%
|
23 538
+7%
|
25 434
+8%
|
26 009
+2%
|
27 043
+4%
|
28 111
+4%
|
29 153
+4%
|
30 666
+5%
|
31 742
+4%
|
31 972
+1%
|
31 244
-2%
|
30 064
-4%
|
28 961
-4%
|
28 521
-2%
|
28 339
-1%
|
28 699
+1%
|
29 080
+1%
|
28 284
-3%
|
27 752
-2%
|
27 516
-1%
|
27 390
0%
|
27 836
+2%
|
28 401
+2%
|
28 989
+2%
|
30 271
+4%
|
31 719
+5%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(6 296)
|
(7 171)
|
(8 178)
|
(9 209)
|
(10 339)
|
(11 708)
|
(12 978)
|
(14 227)
|
(15 517)
|
(16 761)
|
(17 392)
|
(18 197)
|
(19 018)
|
(19 851)
|
(20 875)
|
(21 684)
|
(22 063)
|
(21 840)
|
(21 266)
|
(20 537)
|
(20 003)
|
(19 566)
|
(19 471)
|
(19 418)
|
(18 683)
|
(17 957)
|
(17 265)
|
(16 626)
|
(16 423)
|
(16 376)
|
(16 493)
|
(17 036)
|
(17 793)
|
|
| Gross Profit |
3 100
N/A
|
3 810
+23%
|
4 814
+26%
|
5 906
+23%
|
6 835
+16%
|
7 277
+6%
|
7 627
+5%
|
7 773
+2%
|
8 021
+3%
|
8 673
+8%
|
8 617
-1%
|
8 846
+3%
|
9 093
+3%
|
9 302
+2%
|
9 791
+5%
|
10 058
+3%
|
9 909
-1%
|
9 404
-5%
|
8 798
-6%
|
8 424
-4%
|
8 518
+1%
|
8 773
+3%
|
9 228
+5%
|
9 662
+5%
|
9 601
-1%
|
9 795
+2%
|
10 251
+5%
|
10 764
+5%
|
11 413
+6%
|
12 025
+5%
|
12 496
+4%
|
13 235
+6%
|
13 926
+5%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||
| Operating Expenses |
(2 069)
|
(2 434)
|
(2 788)
|
(3 097)
|
(3 475)
|
(3 972)
|
(4 201)
|
(5 937)
|
(6 197)
|
(4 744)
|
(4 867)
|
(5 120)
|
(5 315)
|
(5 576)
|
(5 969)
|
(6 343)
|
(6 549)
|
(6 687)
|
(6 474)
|
(6 214)
|
(6 013)
|
(5 557)
|
(5 444)
|
(5 282)
|
(5 113)
|
(5 018)
|
(4 925)
|
(4 818)
|
(4 768)
|
(4 676)
|
(4 683)
|
(4 691)
|
(4 784)
|
|
| Selling, General & Administrative |
(2 069)
|
(1 637)
|
(2 788)
|
(3 097)
|
(3 475)
|
(3 728)
|
(4 201)
|
(4 418)
|
(4 678)
|
(4 525)
|
(4 867)
|
(5 120)
|
(5 315)
|
(5 346)
|
(5 969)
|
(6 343)
|
(6 549)
|
(4 113)
|
(6 474)
|
(6 214)
|
(6 013)
|
(3 644)
|
(5 444)
|
(5 282)
|
(5 113)
|
(2 245)
|
(4 925)
|
(4 818)
|
(4 768)
|
(2 153)
|
(4 683)
|
(4 691)
|
(4 784)
|
|
| Research & Development |
0
|
(797)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2 339)
|
0
|
0
|
0
|
(1 667)
|
0
|
0
|
0
|
(2 525)
|
0
|
0
|
0
|
(2 280)
|
0
|
0
|
0
|
|
| Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
(244)
|
0
|
0
|
0
|
(219)
|
0
|
0
|
0
|
(230)
|
0
|
0
|
0
|
(235)
|
0
|
0
|
0
|
(246)
|
0
|
0
|
0
|
(248)
|
0
|
0
|
0
|
(243)
|
0
|
0
|
0
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1 519)
|
(1 519)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Operating Income |
1 031
N/A
|
1 376
+33%
|
2 026
+47%
|
2 809
+39%
|
3 360
+20%
|
3 305
-2%
|
3 426
+4%
|
1 836
-46%
|
1 824
-1%
|
3 929
+115%
|
3 750
-5%
|
3 726
-1%
|
3 778
+1%
|
3 726
-1%
|
3 822
+3%
|
3 715
-3%
|
3 360
-10%
|
2 717
-19%
|
2 324
-14%
|
2 210
-5%
|
2 505
+13%
|
3 216
+28%
|
3 784
+18%
|
4 380
+16%
|
4 488
+2%
|
4 777
+6%
|
5 326
+11%
|
5 946
+12%
|
6 645
+12%
|
7 349
+11%
|
7 813
+6%
|
8 544
+9%
|
9 142
+7%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||
| Interest Income Expense |
100
|
115
|
105
|
118
|
133
|
185
|
308
|
395
|
478
|
496
|
554
|
563
|
559
|
544
|
497
|
441
|
413
|
467
|
406
|
456
|
524
|
667
|
724
|
863
|
980
|
1 038
|
1 045
|
1 116
|
1 060
|
1 177
|
1 263
|
1 189
|
1 182
|
|
| Non-Reccuring Items |
0
|
70
|
0
|
0
|
0
|
(1 521)
|
(1 519)
|
0
|
0
|
(43)
|
0
|
0
|
0
|
47
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
142
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
(35)
|
0
|
0
|
0
|
|
| Total Other Income |
20
|
36
|
140
|
115
|
126
|
34
|
(12)
|
34
|
82
|
158
|
127
|
164
|
199
|
315
|
403
|
468
|
490
|
450
|
535
|
631
|
623
|
348
|
493
|
277
|
246
|
237
|
218
|
218
|
212
|
221
|
2 559
|
2 658
|
2 680
|
|
| Pre-Tax Income |
1 151
N/A
|
1 597
+39%
|
2 271
+42%
|
3 042
+34%
|
3 619
+19%
|
2 003
-45%
|
2 203
+10%
|
2 265
+3%
|
2 384
+5%
|
4 540
+90%
|
4 431
-2%
|
4 453
+0%
|
4 536
+2%
|
4 632
+2%
|
4 722
+2%
|
4 624
-2%
|
4 263
-8%
|
3 632
-15%
|
3 265
-10%
|
3 297
+1%
|
3 652
+11%
|
4 373
+20%
|
5 001
+14%
|
5 520
+10%
|
5 714
+4%
|
6 045
+6%
|
6 589
+9%
|
7 280
+10%
|
7 917
+9%
|
8 712
+10%
|
11 635
+34%
|
12 391
+6%
|
13 004
+5%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||
| Tax Provision |
(206)
|
(278)
|
(319)
|
(375)
|
(378)
|
(171)
|
(225)
|
(262)
|
(322)
|
(563)
|
(554)
|
(561)
|
(532)
|
(456)
|
(453)
|
(427)
|
(413)
|
(417)
|
(380)
|
(391)
|
(441)
|
(534)
|
(611)
|
(674)
|
(698)
|
(825)
|
(1 039)
|
(1 284)
|
(1 475)
|
(1 603)
|
(1 668)
|
(1 751)
|
(1 861)
|
|
| Income from Continuing Operations |
945
|
1 319
|
1 952
|
2 667
|
3 241
|
1 832
|
1 978
|
2 003
|
2 062
|
3 977
|
3 877
|
3 892
|
4 004
|
4 176
|
4 269
|
4 197
|
3 850
|
3 215
|
2 885
|
2 906
|
3 211
|
3 839
|
4 390
|
4 846
|
5 016
|
5 220
|
5 550
|
5 996
|
6 442
|
7 109
|
9 967
|
10 640
|
11 143
|
|
| Income to Minority Interest |
4
|
7
|
0
|
0
|
2
|
1
|
0
|
(1)
|
2
|
5
|
5
|
2
|
(4)
|
(21)
|
(75)
|
(115)
|
(160)
|
(186)
|
(173)
|
(165)
|
(149)
|
(162)
|
(174)
|
(188)
|
(251)
|
(300)
|
(356)
|
(418)
|
(449)
|
(465)
|
(454)
|
(400)
|
(333)
|
|
| Net Income (Common) |
949
N/A
|
1 326
+40%
|
1 958
+48%
|
2 673
+37%
|
3 243
+21%
|
1 833
-43%
|
1 978
+8%
|
2 002
+1%
|
2 064
+3%
|
3 982
+93%
|
3 882
-3%
|
3 894
+0%
|
4 000
+3%
|
4 155
+4%
|
4 194
+1%
|
4 082
-3%
|
3 690
-10%
|
3 029
-18%
|
2 712
-10%
|
2 741
+1%
|
3 062
+12%
|
3 677
+20%
|
4 216
+15%
|
4 658
+10%
|
4 765
+2%
|
4 920
+3%
|
5 194
+6%
|
5 578
+7%
|
5 993
+7%
|
6 644
+11%
|
9 513
+43%
|
10 240
+8%
|
10 810
+6%
|
|
| EPS (Diluted) |
0.29
N/A
|
0.41
+41%
|
0.6
+46%
|
0.82
+37%
|
0.99
+21%
|
0.56
-43%
|
0.59
+5%
|
0.59
N/A
|
0.61
+3%
|
1.19
+95%
|
1.16
-3%
|
1.16
N/A
|
1.19
+3%
|
1.24
+4%
|
1.24
N/A
|
1.2
-3%
|
1.1
-8%
|
0.9
-18%
|
0.82
-9%
|
0.84
+2%
|
0.95
+13%
|
1.14
+20%
|
1.33
+17%
|
1.46
+10%
|
1.5
+3%
|
1.55
+3%
|
1.65
+6%
|
1.77
+7%
|
1.91
+8%
|
2.12
+11%
|
3.07
+45%
|
3.29
+7%
|
3.48
+6%
|
|
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