Tencent Music Entertainment Group (TME)

Name: Tencent Music Entertainment Group Financial Statements
Creator: Quarter Results

Communication Services | Internet Content Information

Latest reporting period: 2025-03-31

Latest Quarter

2025-03-31

Revenue

$7.4B

Net Income

$4.3B

Operating Margin

65.7%

Free Cash Flow

$9.2B

Debt / Assets

22.9%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Tencent Music Entertainment Group (TME).
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 history for Tencent Music Entertainment Group (TME).
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 history for Tencent Music Entertainment Group (TME).
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 history for Tencent Music Entertainment Group (TME).
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 quarterly history for Tencent Music Entertainment Group (TME).
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 annual history for Tencent Music Entertainment Group (TME).
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