Tencent Music Entertainment Group (TME)

Communication Services | Internet Content Information
Income Statement (Quarterly) 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Revenue 7,356,000,000 7,458,000,000 7,015,000,000 7,160,000,000
Cost of Revenue 4,114,000,000 4,205,000,000 4,024,000,000 4,150,000,000
Gross Profit 3,242,000,000 3,253,000,000 2,991,000,000 3,010,000,000
Operating Expenses
R&D Expenses 0 0 0 0
SG&A Expenses 1,143,000,000 1,174,000,000 1,218,000,000 1,148,000,000
Operating Expenses -1,594,000,000 844,000,000 847,000,000 812,000,000
Operating Income 4,836,000,000 2,409,000,000 2,144,000,000 2,198,000,000
Interest Expense 25,000,000 -29,000,000 97,000,000 26,000,000
Income Before Tax 4,834,000,000 2,499,000,000 2,076,000,000 2,226,000,000
Income Tax Expense 446,000,000 423,000,000 367,000,000 432,000,000
Net Income 4,291,000,000 1,957,000,000 1,583,000,000 1,682,000,000
Per Share
EPS 2.80 0.64 0.51 0.54
EPS Diluted 0.00 0.00 0.00 0.00
Income Statement (Annual) 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenue 28,401,000,000 27,752,000,000 28,339,000,000 31,244,000,000 29,153,000,000
Cost of Revenue 16,376,000,000 17,957,000,000 19,566,000,000 21,840,000,000 19,851,000,000
Gross Profit 12,025,000,000 9,795,000,000 8,773,000,000 9,404,000,000 9,302,000,000
Operating Expenses
R&D Expenses 0 0 0 0 0
SG&A Expenses 4,676,000,000 5,018,000,000 5,557,000,000 6,687,000,000 5,576,000,000
Operating Expenses 3,315,000,000 3,736,000,000 5,557,000,000 6,687,000,000 5,331,000,000
Operating Income 8,710,000,000 6,059,000,000 4,443,000,000 3,800,000,000 4,710,000,000
Interest Expense 124,000,000 124,000,000 108,000,000 121,000,000 97,000,000
Income Before Tax 8,712,000,000 6,045,000,000 4,373,000,000 3,632,000,000 4,632,000,000
Income Tax Expense 1,603,000,000 825,000,000 534,000,000 417,000,000 456,000,000
Net Income 6,644,000,000 4,920,000,000 3,677,000,000 3,029,000,000 4,155,000,000
Per Share
EPS 2.15 1.58 1.15 0.91 1.25
EPS Diluted 0.00 0.00 0.00 0.00 0.00
Balance Sheet (Quarterly) 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets
Cash and Cash Equivalents 13,164,000,000 13,567,000,000 9,555,000,000 6,591,000,000
Short Term Investments 14,045,000,000 9,974,000,000 11,328,000,000 13,835,000,000
Net Receivables 4,799,000,000 3,097,000,000 2,670,000,000 3,610,000,000
Inventory 23,000,000 8,000,000 14,000,000 24,000,000
Total Current Assets 34,544,000,000 29,936,000,000 26,559,000,000 26,791,000,000
Property Plant Equipment 1,098,000,000 857,000,000 721,000,000 526,000,000
Goodwill and Intangibles 24,060,000,000 24,011,000,000 24,341,000,000 23,445,000,000
Total Assets 90,444,000,000 75,536,000,000 67,009,000,000 67,254,000,000
Liabilities
Account Payables 6,879,000,000 5,006,000,000 4,998,000,000 4,329,000,000
Short Term Debt 2,260,000,000 115,000,000 123,000,000 92,000,000
Total Current Liabilities 16,550,000,000 12,014,000,000 11,717,000,000 10,450,000,000
Long Term Debt 3,791,000,000 5,933,000,000 5,842,000,000 5,267,000,000
Total Liabilities 20,718,000,000 18,334,000,000 17,882,000,000 16,199,000,000
Shareholders Equity
Retained Earnings 20,051,000,000 16,969,000,000 12,052,000,000 14,194,000,000
Total Shareholders Equity 67,863,000,000 55,907,000,000 48,099,000,000 50,317,000,000
Balance Sheet (Annual) 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets
Cash and Cash Equivalents 13,164,000,000 13,567,000,000 9,555,000,000 6,591,000,000 11,128,000,000
Short Term Investments 14,045,000,000 9,974,000,000 11,328,000,000 13,835,000,000 14,895,000,000
Net Receivables 4,799,000,000 3,097,000,000 2,670,000,000 3,610,000,000 2,839,000,000
Inventory 23,000,000 8,000,000 14,000,000 24,000,000 18,000,000
Total Current Assets 34,544,000,000 29,936,000,000 26,559,000,000 26,791,000,000 31,687,000,000
Property Plant Equipment 1,098,000,000 857,000,000 721,000,000 526,000,000 487,000,000
Goodwill and Intangibles 24,060,000,000 24,011,000,000 24,341,000,000 23,445,000,000 19,512,000,000
Total Assets 90,444,000,000 75,536,000,000 67,009,000,000 67,254,000,000 68,273,000,000
Liabilities
Account Payables 6,879,000,000 5,006,000,000 4,998,000,000 4,329,000,000 3,565,000,000
Short Term Debt 2,260,000,000 115,000,000 123,000,000 92,000,000 103,000,000
Total Current Liabilities 16,550,000,000 12,014,000,000 11,717,000,000 10,450,000,000 9,602,000,000
Long Term Debt 3,791,000,000 5,933,000,000 5,842,000,000 5,267,000,000 5,393,000,000
Total Liabilities 20,718,000,000 18,334,000,000 17,882,000,000 16,199,000,000 15,542,000,000
Shareholders Equity
Retained Earnings 20,051,000,000 16,969,000,000 12,052,000,000 14,194,000,000 11,111,000,000
Total Shareholders Equity 67,863,000,000 55,907,000,000 48,099,000,000 50,317,000,000 52,245,000,000
Cash Flow Statement (Quarterly) 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Activities
Net Income 8,712,000,000 6,045,000,000 4,373,000,000 3,029,000,000
Depreciation & Amortization 978,000,000 1,004,000,000 1,160,000,000 0
Stock Based Compensation 596,000,000 670,000,000 665,000,000 0
Change in Working Capital 1,556,000,000 786,000,000 2,221,000,000 573,000,000
Operating Cash Flow 10,275,000,000 7,337,000,000 7,481,000,000 5,239,000,000
Investing Activities
Capital Expenditure -1,032,000,000 -1,164,000,000 -1,053,000,000 0
Investments -319,000,000 -1,164,000,000 -1,053,000,000 0
Investing Cash Flow -6,818,000,000 -1,863,000,000 -1,446,000,000 -5,999,000,000
Financing Activities
Debt Repayment -134,000,000 -116,000,000 -130,000,000 0
Common Stock Issued/Repurchased -1,925,000,000 -1,197,000,000 -3,124,000,000 0
Dividends Paid -1,508,000,000 0 -74,000,000 0
Financing Cash Flow -3,830,000,000 -1,538,000,000 -3,419,000,000 -3,710,000,000
Summary
Free Cash Flow 9,243,000,000 6,173,000,000 6,428,000,000 5,239,000,000
Net Change in Cash -403,000,000 4,012,000,000 2,964,000,000 -4,537,000,000
Cash Flow Statement (Annual) 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Activities
Net Income 8,712,000,000 6,045,000,000 4,373,000,000 3,029,000,000 4,155,000,000
Depreciation & Amortization 978,000,000 1,004,000,000 1,160,000,000 0 824,000,000
Stock Based Compensation 596,000,000 670,000,000 665,000,000 0 569,000,000
Change in Working Capital 1,556,000,000 786,000,000 2,221,000,000 573,000,000 -497,000,000
Operating Cash Flow 10,275,000,000 7,337,000,000 7,481,000,000 5,239,000,000 4,885,000,000
Investing Activities
Capital Expenditure -1,032,000,000 -1,164,000,000 -1,053,000,000 0 -501,000,000
Investments -319,000,000 -1,164,000,000 -1,053,000,000 0 -108,000,000
Investing Cash Flow -6,818,000,000 -1,863,000,000 -1,446,000,000 -5,999,000,000 -14,206,000,000
Financing Activities
Debt Repayment -134,000,000 -116,000,000 -130,000,000 0 -80,000,000
Common Stock Issued/Repurchased -1,925,000,000 -1,197,000,000 -3,124,000,000 0 -134,000,000
Dividends Paid -1,508,000,000 0 -74,000,000 0 0
Financing Cash Flow -3,830,000,000 -1,538,000,000 -3,419,000,000 -3,710,000,000 5,292,000,000
Summary
Free Cash Flow 9,243,000,000 6,173,000,000 6,428,000,000 5,239,000,000 4,384,000,000
Net Change in Cash -403,000,000 4,012,000,000 2,964,000,000 -4,537,000,000 -4,298,000,000