Tencent Music Entertainment Group
NYSE:TME

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Tencent Music Entertainment Group Logo
Tencent Music Entertainment Group
NYSE:TME
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Price: 11.53 USD 0.09% Market Closed
Market Cap: 19.5B USD
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Income Statement

Earnings Waterfall
Tencent Music Entertainment Group

Revenue
27.8B CNY
Cost of Revenue
-16.4B CNY
Gross Profit
11.4B CNY
Operating Expenses
-4.8B CNY
Operating Income
6.6B CNY
Other Expenses
-652m CNY
Net Income
6B CNY

Income Statement
Tencent Music Entertainment Group

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Income Statement
Currency: CNY
Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024
Revenue
Revenue
9 396
N/A
10 981
+17%
12 992
+18%
15 115
+16%
17 174
+14%
18 985
+11%
20 605
+9%
22 000
+7%
23 538
+7%
25 434
+8%
26 009
+2%
27 043
+4%
28 111
+4%
29 153
+4%
30 666
+5%
31 742
+4%
31 972
+1%
31 244
-2%
30 064
-4%
28 961
-4%
28 521
-2%
28 339
-1%
28 699
+1%
29 080
+1%
28 284
-3%
27 752
-2%
27 516
-1%
27 390
0%
27 836
+2%
Gross Profit
Cost of Revenue
(6 296)
(7 171)
(8 178)
(9 209)
(10 339)
(11 708)
(12 978)
(14 227)
(15 517)
(16 761)
(17 392)
(18 197)
(19 018)
(19 851)
(20 875)
(21 684)
(22 063)
(21 840)
(21 266)
(20 537)
(20 003)
(19 566)
(19 471)
(19 418)
(18 683)
(17 957)
(17 265)
(16 626)
(16 423)
Gross Profit
3 100
N/A
3 810
+23%
4 814
+26%
5 906
+23%
6 835
+16%
7 277
+6%
7 627
+5%
7 773
+2%
8 021
+3%
8 673
+8%
8 617
-1%
8 846
+3%
9 093
+3%
9 302
+2%
9 791
+5%
10 058
+3%
9 909
-1%
9 404
-5%
8 798
-6%
8 424
-4%
8 518
+1%
8 773
+3%
9 228
+5%
9 662
+5%
9 601
-1%
9 795
+2%
10 251
+5%
10 764
+5%
11 413
+6%
Operating Income
Operating Expenses
(2 069)
(2 434)
(2 788)
(3 097)
(3 475)
(3 972)
(4 201)
(5 937)
(6 197)
(4 744)
(4 867)
(5 120)
(5 315)
(5 576)
(5 969)
(6 343)
(6 549)
(6 687)
(6 474)
(6 214)
(6 013)
(5 557)
(5 444)
(5 282)
(5 113)
(5 018)
(4 925)
(4 818)
(4 768)
Selling, General & Administrative
(2 069)
(1 637)
(2 788)
(3 097)
(3 475)
(3 728)
(4 201)
(4 418)
(4 678)
(4 525)
(4 867)
(5 120)
(5 315)
(5 346)
(5 969)
(6 343)
(6 549)
(4 113)
(6 474)
(6 214)
(6 013)
(3 644)
(5 444)
(5 282)
(5 113)
(2 245)
(4 925)
(4 818)
(4 768)
Research & Development
0
(797)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(2 339)
0
0
0
(1 667)
0
0
0
(2 525)
0
0
0
Depreciation & Amortization
0
0
0
0
0
(244)
0
0
0
(219)
0
0
0
(230)
0
0
0
(235)
0
0
0
(246)
0
0
0
(248)
0
0
0
Other Operating Expenses
0
0
0
0
0
0
0
(1 519)
(1 519)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Operating Income
1 031
N/A
1 376
+33%
2 026
+47%
2 809
+39%
3 360
+20%
3 305
-2%
3 426
+4%
1 836
-46%
1 824
-1%
3 929
+115%
3 750
-5%
3 726
-1%
3 778
+1%
3 726
-1%
3 822
+3%
3 715
-3%
3 360
-10%
2 717
-19%
2 324
-14%
2 210
-5%
2 505
+13%
3 216
+28%
3 784
+18%
4 380
+16%
4 488
+2%
4 777
+6%
5 326
+11%
5 946
+12%
6 645
+12%
Pre-Tax Income
Interest Income Expense
100
115
105
118
133
185
308
395
478
496
554
563
559
544
497
441
413
467
406
456
524
667
724
863
980
1 038
1 045
1 116
1 060
Non-Reccuring Items
0
70
0
0
0
(1 521)
(1 519)
0
0
(43)
0
0
0
47
0
0
0
(2)
0
0
0
142
0
0
0
(7)
0
0
0
Total Other Income
20
36
140
115
126
34
(12)
34
82
158
127
164
199
315
403
468
490
450
535
631
623
348
493
277
246
237
218
218
212
Pre-Tax Income
1 151
N/A
1 597
+39%
2 271
+42%
3 042
+34%
3 619
+19%
2 003
-45%
2 203
+10%
2 265
+3%
2 384
+5%
4 540
+90%
4 431
-2%
4 453
+0%
4 536
+2%
4 632
+2%
4 722
+2%
4 624
-2%
4 263
-8%
3 632
-15%
3 265
-10%
3 297
+1%
3 652
+11%
4 373
+20%
5 001
+14%
5 520
+10%
5 714
+4%
6 045
+6%
6 589
+9%
7 280
+10%
7 917
+9%
Net Income
Tax Provision
(206)
(278)
(319)
(375)
(378)
(171)
(225)
(262)
(322)
(563)
(554)
(561)
(532)
(456)
(453)
(427)
(413)
(417)
(380)
(391)
(441)
(534)
(611)
(674)
(698)
(825)
(1 039)
(1 284)
(1 475)
Income from Continuing Operations
945
1 319
1 952
2 667
3 241
1 832
1 978
2 003
2 062
3 977
3 877
3 892
4 004
4 176
4 269
4 197
3 850
3 215
2 885
2 906
3 211
3 839
4 390
4 846
5 016
5 220
5 550
5 996
6 442
Income to Minority Interest
4
7
0
0
2
1
0
(1)
2
5
5
2
(4)
(21)
(75)
(115)
(160)
(186)
(173)
(165)
(149)
(162)
(174)
(188)
(251)
(300)
(356)
(418)
(449)
Net Income (Common)
949
N/A
1 326
+40%
1 958
+48%
2 673
+37%
3 243
+21%
1 833
-43%
1 978
+8%
2 002
+1%
2 064
+3%
3 982
+93%
3 882
-3%
3 894
+0%
4 000
+3%
4 155
+4%
4 194
+1%
4 082
-3%
3 690
-10%
3 029
-18%
2 712
-10%
2 741
+1%
3 062
+12%
3 677
+20%
4 216
+15%
4 658
+10%
4 765
+2%
4 920
+3%
5 194
+6%
5 578
+7%
5 993
+7%
EPS (Diluted)
0.29
N/A
0.41
+41%
0.6
+46%
0.82
+37%
0.99
+21%
0.56
-43%
0.59
+5%
0.59
N/A
0.61
+3%
1.19
+95%
1.16
-3%
1.16
N/A
1.19
+3%
1.24
+4%
1.24
N/A
1.2
-3%
1.1
-8%
0.9
-18%
0.82
-9%
0.84
+2%
0.95
+13%
1.14
+20%
1.33
+17%
1.46
+10%
1.5
+3%
1.55
+3%
1.65
+6%
1.77
+7%
1.91
+8%

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