Tencent Music Entertainment Group
TME
18.36
USD-0.12
(-0.65%)Day's range
18.025
18.365
52 wk Range
9.41
19.4
TME Income Statement
| Period Ending | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 4,361,000,000 | 10,981,000,000 | 18,985,000,000 | 25,434,000,000 | 29,153,000,000 | 31,244,000,000 | 28,339,000,000 | 27,752,000,000 | 28,401,000,000 | |
| Cost of Revenue | 3,129,000,000 | 7,171,000,000 | 11,708,000,000 | 16,761,000,000 | 19,851,000,000 | 21,840,000,000 | 19,566,000,000 | 17,957,000,000 | 16,376,000,000 | |
| Gross Profit | 1,232,000,000 | 3,810,000,000 | 7,277,000,000 | 8,673,000,000 | 9,302,000,000 | 9,404,000,000 | 8,773,000,000 | 9,795,000,000 | 12,025,000,000 | |
| Gross Profit Margin | 0.283 | 0.347 | 0.383 | 0.341 | 0.319 | 0.301 | 0.31 | 0.353 | 0.423 | |
| R&D Expenses | 449,000,000 | 797,000,000 | 937,000,000 | 1,159,000,000 | 1,667,000,000 | 2,339,000,000 | 2,580,000,000 | 2,525,000,000 | 0 | |
| General & Administrative Expenses | 783,000,000 | 1,521,000,000 | 2,258,000,000 | 2,703,000,000 | 3,101,000,000 | 4,009,000,000 | 4,413,000,000 | 4,121,000,000 | 3,811,000,000 | |
| Selling & Marketing Expenses | 365,000,000 | 913,000,000 | 1,714,000,000 | 2,041,000,000 | 2,475,000,000 | 2,678,000,000 | 1,144,000,000 | 897,000,000 | 865,000,000 | |
| SG&A Expenses | 1,148,000,000 | 2,434,000,000 | 3,972,000,000 | 4,744,000,000 | 5,576,000,000 | 6,687,000,000 | 5,557,000,000 | 5,018,000,000 | 4,676,000,000 | |
| Other Expenses | 1,000,000 | 6,000,000 | -1,583,000,000 | 78,000,000 | 362,000,000 | 553,000,000 | 516,000,000 | -3,807,000,000 | -1,361,000,000 | |
| Total Operating Expenses | 1,139,000,000 | 2,404,000,000 | 3,972,000,000 | 4,744,000,000 | 5,576,000,000 | 6,687,000,000 | 5,557,000,000 | 3,736,000,000 | 3,315,000,000 | |
| Total Costs & Expenses | 4,268,000,000 | 9,575,000,000 | 15,680,000,000 | 21,505,000,000 | 25,427,000,000 | 28,527,000,000 | 25,123,000,000 | 21,693,000,000 | 19,691,000,000 | |
| Interest Income | 32,000,000 | 93,000,000 | 282,000,000 | 615,000,000 | 622,000,000 | 530,000,000 | 711,000,000 | 1,052,000,000 | 1,196,000,000 | |
| Interest Expense | 0 | 0 | 35,000,000 | 64,000,000 | 97,000,000 | 121,000,000 | 108,000,000 | 124,000,000 | 124,000,000 | |
| Depreciation & Amortization | 236,000,000 | 379,000,000 | 369,000,000 | 583,000,000 | 824,000,000 | 1,001,000,000 | 1,160,000,000 | 1,004,000,000 | 720,000,000 | |
| EBITDA | 329,000,000 | 1,976,000,000 | 2,407,000,000 | 5,191,000,000 | 5,555,000,000 | 4,753,000,000 | 5,648,000,000 | 7,173,000,000 | 8,234,000,000 | |
| EBITDA Margin | 0.075 | 0.18 | 0.127 | 0.204 | 0.191 | 0.152 | 0.199 | 0.258 | 0.29 | |
| Operating Income | 103,000,000 | 1,593,000,000 | 2,039,000,000 | 4,622,000,000 | 4,710,000,000 | 2,752,000,000 | 4,443,000,000 | 6,059,000,000 | 8,710,000,000 | |
| Operating Income Margin | 0.024 | 0.145 | 0.107 | 0.182 | 0.162 | 0.088 | 0.157 | 0.218 | 0.307 | |
| Total Other Income/Expenses (Net) | 20,000,000 | 185,000,000 | -36,000,000 | -82,000,000 | -78,000,000 | -168,000,000 | -70,000,000 | -14,000,000 | 2,000,000 | |
| Income Before Tax | 114,000,000 | 1,597,000,000 | 2,003,000,000 | 4,540,000,000 | 4,632,000,000 | 3,632,000,000 | 4,373,000,000 | 6,045,000,000 | 8,712,000,000 | |
| Pre-Tax Income Margin | 0.026 | 0.145 | 0.106 | 0.179 | 0.159 | 0.116 | 0.154 | 0.218 | 0.307 | |
| Income Tax Expense | 29,000,000 | 278,000,000 | 171,000,000 | 563,000,000 | 456,000,000 | 417,000,000 | 534,000,000 | 825,000,000 | 1,603,000,000 | |
| Net Income | 82,000,000 | 1,326,000,000 | 1,833,000,000 | 3,982,000,000 | 4,155,000,000 | 3,029,000,000 | 3,677,000,000 | 4,920,000,000 | 6,644,000,000 | |
| Net Income Margin | 0.019 | 0.121 | 0.097 | 0.157 | 0.143 | 0.097 | 0.13 | 0.177 | 0.234 | |
| Earnings Per Share (EPS) | 0.051 | 0.82 | 1.19 | 2.43 | 2.5 | 1.82 | 1.15 | 3.1 | 4.24 | |
| Diluted Earnings Per Share (EPS) | 0.05 | 0.81 | 1.16 | 2.38 | 2.48 | 1.8 | 1.14 | 3.12 | 4.24 | |
| Weighted Average Shares Outstanding | 1,624,827,824 | 1,624,827,824 | 1,538,157,335 | 1,636,377,202 | 1,656,763,924 | 1,660,533,588 | 1,601,997,986 | 1,587,096,774 | 1,566,981,501 | |
| Weighted Average Shares Outstanding (Diluted) | 1,636,429,457 | 1,636,429,457 | 1,579,610,444 | 1,673,786,169 | 1,680,230,380 | 1,681,522,878 | 1,617,253,678 | 1,584,193,016 | 1,565,430,860 |