← Tencent Music Entertainment Group

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Total Revenue $4.4b
$11.0b +151.80%
$19.0b +72.89%
$25.4b +33.97%
$29.2b +14.62%
$31.2b +7.17%
$28.3b -9.30%
$27.8b -2.07%
$28.4b +2.34%
$32.9b +15.85%
$33.4b +1.64%
Cost of Revenue ($3.1b)
$7.2b +329.18%
$11.7b +63.27%
$16.8b +43.16%
$19.9b +18.44%
$21.8b +10.02%
$19.6b -10.41%
$18.0b -8.22%
$16.4b -8.80%
($18.4b) -212.16%
$18.6b +201.28%
Gross Profit $1.2b
$3.8b +209.25%
$7.3b +91.00%
$8.7b +19.18%
$9.3b +7.25%
$9.4b +1.10%
$8.8b -6.71%
$9.8b +11.65%
$12.0b +22.77%
$14.5b +20.87%
$14.8b +2.09%
Research and Development Expense — $797.0m $937.0m $1.2b $1.7b $2.3b $2.6b $2.5b $2.3b — $2.3b
Selling and marketing expenses ($365.0m) ($913.0m) ($1.7b) ($2.0b) ($2.5b) ($2.7b) ($1.1b) ($897.0m) ($865.0m) ($941.0m) $2.6b
General and Administrative Expense $783.0m $1.5b $2.3b $2.7b $3.1b $4.0b $4.4b $4.1b $3.8b $3.9b $1.6b
Operating expenses:
Total operating expenses ($1.1b) ($2.4b) ($4.0b) ($4.7b) ($5.6b) ($6.7b) ($5.6b) ($5.0b) ($4.7b) ($4.9b) $4.9b
Interest Expense On Lease Liabilities — — — $7.0m $9.0m $15.0m $19.0m $18.0m $17.0m — $143.0m
Interest income $32.0m $93.0m $282.0m $615.0m $622.0m $530.0m $711.0m $1.1b $1.2b $1.1b $1.0b
Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method $11.0m $4.0m ($1.0m) ($18.0m) $19.0m ($47.0m) $38.0m $127.0m $96.0m $42.0m —
Current Tax Expense (Income) — $353.0m $255.0m $703.0m $634.0m $530.0m $604.0m $814.0m $1.7b — —
Deferred Tax Expense (Income) — ($75.0m) ($84.0m) ($140.0m) ($178.0m) ($113.0m) ($70.0m) $11.0m ($65.0m) — —
Profit before income tax $114.0m $1.6b $2.0b $4.5b $4.6b $3.6b $4.4b $6.0b $8.7b $13.3b —
Income Tax Expense Continuing Operations $29.0m $278.0m $171.0m $563.0m $456.0m $417.0m $534.0m $825.0m $1.6b $1.9b $1.9b
Basic $0.04 $0.51 $1.79 $3.65 $3.76 $2.73 $3.45 $4.73 $6.46 $10.81 $5.76
Diluted $0.04 $0.50 $1.74 $3.57 $3.71 $2.70 $3.41 $4.66 $6.36 $10.67 $8,856,000,000.00
Additional Financial Items
Applicable Tax Rate — — $0 $0 $0 $0 $0 $0 $0 — —
Depreciation Right of Use Assets — — — $61.0m $86.0m $123.0m $146.0m $141.0m — — —
Employee Benefits Expense — $1.4b $2.1b $2.5b $3.0b $3.9b $4.2b $4.0b $3.8b — —
Expense From Share-Based Payment Transactions With Employees — $384.0m $487.0m $519.0m $569.0m $752.0m $823.0m $670.0m $596.0m — —
Expense Relating To Short-Term Leases For Which Recognition Exemption Has Been Used — — — $26.0m $26.0m $36.0m — — — — —
Finance Costs — — ($35.0m) $64.0m $97.0m $121.0m $108.0m $141.0m $94.0m ($129.0m) —
Impairment Loss Recognised In Profit Or Loss Goodwill — $0 $0 $0 $0 $0 $0 $0 $0 — —
Profit Loss Attributable To Noncontrolling Interests $3.0m ($7.0m) ($1.0m) ($5.0m) $21.0m $186.0m $162.0m $300.0m $465.0m $297.0m —
Profit Loss Attributable To Owners Of Parent $82.0m $1.3b $1.8b $4.0b $4.2b $3.0b $3.7b $4.9b $6.6b $11.1b —
Profit Loss Before Tax $114.0m $1.6b $2.0b $4.5b $4.6b $3.6b $4.4b $6.0b $8.7b $13.3b —
Profit Loss From Operating Activities $103.0m $1.6b $2.0b $4.6b $4.7b $3.8b $4.4b $6.1b $8.7b
$13.4b +53.43%
—
Other gains, net ($13.0m) $124.0m ($29.0m) $78.0m $362.0m $553.0m $516.0m $230.0m $165.0m $2.6b —
Operating profit $103.0m
$1.6b +1446.60%
$2.0b +28.00%
$4.6b +126.68%
$4.7b +1.90%
$3.8b -19.32%
$4.4b +16.92%
$6.1b +36.37%
$8.7b +43.75%
$13.4b +53.43%
—
Share of net profit of investments accounted for using equit method $11.0m $4.0m ($1.0m) ($18.0m) $19.0m ($47.0m) $38.0m $127.0m $96.0m $42.0m —
Profit for the year $85.0m $1.3b $1.8b $4.0b $4.2b $3.2b $3.8b $5.2b $7.1b $11.4b —
Equity holders of the Company $82.0m $1.3b $1.8b $4.0b $4.2b $3.0b $3.7b $4.9b $6.6b $11.1b —
Non-controlling interests $3.0m ($7.0m) ($1.0m) ($5.0m) $21.0m $186.0m $162.0m $300.0m $465.0m $297.0m —

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.