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Tencent Music Entertainment Group (TME)
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Tencent Music Entertainment Group Income Statement 2024-2011 | TME
Brief overview of financial results at Tencent Music Entertainment Group
This overview is based on financial performance over the past five years. Revenue reported by Tencent Music Entertainment Group was 25.4 billion yuan at the beginning of the period and 28.4 billion yuan at the end. The total change was +11.7%, with a CAGR of approximately 2.2%. The revenue trend is close to stagnation.
Gross profit changed from 8.7 billion yuan to 12 billion yuan (+38.6%). The cost base moved more slowly than the top line, which supported margins. The gross margin was 34.1% at the start and 42.3% at the end. The expansion indicates stronger pricing power or better control of direct costs.
Over the period, EBITDA shifted from 4.6 billion yuan to 8.7 billion yuan, a change of +88.4%. Operating profitability strengthened faster than the scale of sales. Comparing the endpoints gives EBITDA margins of 18.2% and 30.7%. Higher profitability strengthens the quality of operating growth.
Net income changed from 4 billion yuan to 7.1 billion yuan (+78.5%). Net profit ended the five years at a local peak.
Market capitalization changed from 40.6 billion yuan to 40 billion yuan (−1.6%). Market value lagged the financial performance.
Conclusion
The figures do not all move in the same direction. The strongest signals are an improving EBITDA margin, net-income growth and a stronger gross margin. The main areas of concern are limited revenue growth. Further direction will depend on top-line growth, operating profitability, and net income.
Annual Income Statement Tencent Music Entertainment Group
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
40 B | 35.3 B | 20.9 B | 17.9 B | 86.1 B | 40.6 B | 58.9 B | - | - | - | - | - | - | - |
Shares |
3.08 B | 3.12 B | 3.2 B | 3.32 B | 3.35 B | 3.35 B | 3.27 B | - | - | - | - | - | - | - |
Historical Prices |
13 | 11.3 | 6.52 | 5.39 | 25.7 | 12.1 | 18 | - | - | - | - | - | - | - |
Net Income |
7.11 B | 5.22 B | 3.84 B | 3.22 B | 4.16 B | 3.98 B | 1.83 B | 1.33 B | 82 M | - | - | - | - | - |
Revenue |
28.4 B | 27.8 B | 28.3 B | 31.2 B | 29.2 B | 25.4 B | 19 B | 11 B | 4.36 B | - | - | - | - | - |
Cost of Revenue |
16.4 B | 18 B | 19.6 B | 21.8 B | 19.9 B | 16.8 B | 11.7 B | 7.17 B | 3.13 B | - | - | - | - | - |
Gross Profit |
12 B | 9.8 B | 8.77 B | 9.4 B | 9.3 B | 8.67 B | 7.28 B | 3.81 B | 1.23 B | - | - | - | - | - |
Operating Income |
8.71 B | 6.06 B | 4.44 B | 3.8 B | 4.71 B | 4.62 B | 2.04 B | 1.59 B | 103 M | - | - | - | - | - |
EBITDA |
8.71 B | 6.06 B | 4.44 B | 3.8 B | 4.71 B | 4.62 B | 2.04 B | 1.59 B | 329 M | - | - | - | - | - |
Operating Expenses |
4.68 B | 5.02 B | 5.56 B | 6.69 B | 5.58 B | 4.74 B | 3.97 B | 2.43 B | 1.14 B | - | - | - | - | - |
General and Administrative Expenses |
3.81 B | 4.12 B | 4.41 B | 4.01 B | 3.1 B | 4.52 B | 3.73 B | 1.52 B | 783 M | - | - | - | - | - |
Annual performance
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All numbers in CNY currency
Quarterly Income Statement Tencent Music Entertainment Group
| 2024-Q4 | 2023-Q4 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
3.08 B | 3.12 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
7.11 B | 5.22 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Revenue |
28.4 B | 27.8 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
16.4 B | 18 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
12 B | 9.8 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
8.71 B | 6.06 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
8.71 B | 6.06 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Expenses |
4.68 B | 5.02 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
3.81 B | 4.12 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Quarterly performance
Select metrics to display
All numbers in CNY currency
The income statement is one of the three key financial reports of a company Tencent Music Entertainment Group (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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