Tencent Music Entertainment Group(TME)Earnings, Financials & Key Ratios
TME•NYSE
$9.67
$6.85B mkt cap·15.5× P/E·Price updated May 6, 2026
AboutTencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People's Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover and listen to music in personalized ways; and WeSing, which enables users to have fun by singing and interacting with friends, sharing their singing performances with friends, and discovering songs that others have sung. The company also operates Kugou Music, Kuwo Music, WeSing, QQ Music, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with those interested in their performance; and Kuwo Changting, an audio platform that offers users various audio content, including audio books, cross-talks, radio dramas, and other entertainment. In addition, it sells music-related merchandise, including Kugou headsets, smart speakers, WeSing karaoke microphones, and Hi-Fi systems; and offers online music event ticketing services, as well as services to smart device and automobile makers to build and operate music services on devices and vehicles. Tencent Music Entertainment Group has a strategic partnership with China Literature. The company is headquartered in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.Show more
- Revenue$28.4B+2.3%
- EBITDA$9.69B+42.9%
- Net Income$6.64B+35.0%
- EPS (Diluted)4.24+36.8%
- Gross Margin42.34%+20.0%
- EBITDA Margin34.11%+39.6%
- Operating Margin30.67%+40.5%
- Net Margin23.39%+32.0%
- ROE10.47%+13.1%
- ROIC11.63%+21.9%
- Debt/Equity0.09-17.9%
- Interest Coverage70.24+43.8%
TME Key Insights
Tencent Music Entertainment Group (TME) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Strong Piotroski F-Score: 7/9
- ✓FCF machine: 32.5% free cash flow margin
- ✓High quality earnings: Operating CF exceeds net income
- ✓Healthy 5Y average net margin of 15.6%
- ✓Trading at only 1.5x book value
✗Weaknesses
- ✗Weak momentum: RS Rating 5 (bottom 5%)
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
TME Price & Volume
Tencent Music Entertainment Group (TME) stock price & volume — 10-year historical chart
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TME Growth Metrics
Tencent Music Entertainment Group (TME) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years2.23%
3 Years-3.13%
TTM13.95%
Profit CAGR
10 Years-
5 Years10.78%
3 Years29.93%
TTM80.38%
EPS CAGR
10 Years-
5 Years12.24%
3 Years33.05%
TTM81.77%
Return on Capital
10 Years9.56%
5 Years10.38%
3 Years10.27%
Last Year12.68%
TME Recent Earnings
Tencent Music Entertainment Group (TME) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
Mar 17, 2026EPS
$0.17
Est $0.23
-24.2%
Revenue
$179M
Est $1.2B
-85.1%
Q4 2025
Nov 12, 2025EPS
$0.22
Est $0.21
+4.8%
Revenue
$1.2B
Est $1.2B
+0.2%
Q3 2025
Aug 12, 2025EPS
$0.23
Est $0.20
+15.0%
Revenue
$1.2B
Est $1.1B
+2.8%
Q2 2025
May 13, 2025EPS
$0.19
Est $0.19
+0.0%
Revenue
$1.0B
Est $1.1B
-8.3%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 17, 2026 | $0.17vs $0.23-24.2% | $179Mvs $1.2B-85.1% |
| Q4 2025 | Nov 12, 2025 | $0.22vs $0.21+4.8% | $1.2Bvs $1.2B+0.2% |
| Q3 2025 | Aug 12, 2025 | $0.23vs $0.20+15.0% | $1.2Bvs $1.1B+2.8% |
| Q2 2025 | May 13, 2025 | $0.19vs $0.19+0.0% | $1.0Bvs $1.1B-8.3% |
Based on last 12 quarters of dataView full earnings history →
TME Peer Comparison
Tencent Music Entertainment Group (TME) competitors in Digital Media Publishers and Audio — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 SPOT | 87.53B | 425.25 | 34.48 | 9.65% | 15.45% | 35.34% | 0.28 | |
 IDCC | 7.16B | 278.00 | 23.56 | -3.97% | 44.2% | 33.37% | 0.46 | |
 AAPL | 4.22T | 287.46 | 38.53 | 6.43% | 27.15% | 146.69% | 1.52 | |
 AMZN | 2.96T | 274.95 | 38.35 | 12.38% | 12.22% | 23.34% | 0.37 | |
 GOOGL | 4.81T | 397.82 | 36.80 | 15.13% | 37.91% | 38.98% | 0.14 | |
 SIRI | 8.98B | 26.68 | 11.86 | -1.62% | 9.86% | 7.33% | 0.84 | |
 IHRT | 910.95M | 5.87 | -1.92 | 0.27% | -12.23% | |||
 WMG | 15.85B | 30.35 | 43.36 | 4.37% | 4.43% | 38.27% | 6.09 |
Compare TME vs Peers
Tencent Music Entertainment Group (TME) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TME Income Statement
Tencent Music Entertainment Group (TME) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 4.36B | 10.98B | 18.98B | 25.43B | 29.15B | 31.24B | 28.34B | 27.75B | 28.4B | 31.72B |
| Revenue Growth % | - | 151.8% | 72.89% | 33.97% | 14.62% | 7.17% | -9.3% | -2.07% | 2.34% | 13.95% |
| Cost of Goods Sold | 3.13B | 7.17B | 11.71B | 16.76B | 19.85B | 21.84B | 19.57B | 17.96B | 16.38B | 17.79B |
| COGS % of Revenue | 71.75% | 65.3% | 61.67% | 65.9% | 68.09% | 69.9% | 69.04% | 64.71% | 57.66% | - |
| Gross Profit | 1.23B▲ 0% | 3.81B▲ 209.3% | 7.28B▲ 91.0% | 8.67B▲ 19.2% | 9.3B▲ 7.3% | 9.4B▲ 1.1% | 8.77B▼ 6.7% | 9.79B▲ 11.6% | 12.03B▲ 22.8% | 13.93B▲ 0% |
| Gross Margin % | 28.25% | 34.7% | 38.33% | 34.1% | 31.91% | 30.1% | 30.96% | 35.29% | 42.34% | 43.9% |
| Gross Profit Growth % | - | 209.25% | 91% | 19.18% | 7.25% | 1.1% | -6.71% | 11.65% | 22.77% | - |
| Operating Expenses | 1.14B | 2.4B | 3.97B | 4.05B | 4.59B | 5.6B | 4.33B | 3.74B | 3.31B | 993M |
| OpEx % of Revenue | 26.12% | 21.89% | 20.92% | 15.93% | 15.75% | 17.94% | 15.28% | 13.46% | 11.67% | - |
| Selling, General & Admin | 1.15B | 2.43B | 3.97B | 4.74B | 5.58B | 6.69B | 5.56B | 5.02B | 4.68B | 4.78B |
| SG&A % of Revenue | 26.32% | 22.17% | 20.92% | 18.65% | 19.13% | 21.4% | 19.61% | 18.08% | 16.46% | - |
| Research & Development | 449M | 797M | 937M | 1.16B | 0 | 0 | 2.58B | 2.52B | 0 | 2.28B |
| R&D % of Revenue | 10.3% | 7.26% | 4.94% | 4.56% | - | - | 9.1% | 9.1% | - | - |
| Other Operating Expenses | 1M | 6M | -1.58B | -1.85B | -984M | -1.08B | -3.81B | -3.81B | -1.36B | -4M |
| Operating Income | 103M▲ 0% | 1.59B▲ 1446.6% | 2.04B▲ 28.0% | 4.62B▲ 126.7% | 4.71B▲ 1.9% | 3.8B▼ 19.3% | 4.44B▲ 16.9% | 6.06B▲ 36.4% | 8.71B▲ 43.8% | 12.93B▲ 0% |
| Operating Margin % | 2.36% | 14.51% | 10.74% | 18.17% | 16.16% | 12.16% | 15.68% | 21.83% | 30.67% | 40.77% |
| Operating Income Growth % | - | 1446.6% | 28% | 126.68% | 1.9% | -19.32% | 16.92% | 36.37% | 43.75% | - |
| EBITDA | 339M | 1.97B | 2.41B | 5.14B | 5.53B | 4.8B | 5.6B | 6.78B | 9.69B | 13.45B |
| EBITDA Margin % | 7.77% | 17.96% | 12.68% | 20.22% | 18.98% | 15.37% | 19.77% | 24.43% | 34.11% | 42.4% |
| EBITDA Growth % | - | 481.71% | 22.11% | 113.62% | 7.58% | -13.25% | 16.7% | 20.99% | 42.91% | 53.98% |
| D&A (Non-Cash Add-back) | 236M | 379M | 369M | 522M | 824M | 1B | 1.16B | 720M | 978M | 537.75M |
| EBIT | 93M | 1.6B | 2.04B | 4.09B | 4.73B | 3.75B | 4.49B | 5B | 8.84B | 10B |
| Net Interest Income | 32M | 93M | 247M | 547M | 523M | 410M | 596M | 928M | 1.07B | 887.76M |
| Interest Income | 32M | 93M | 282M | 615M | 622M | 530M | 711M | 1.05B | 1.2B | 900.23M |
| Interest Expense | 0 | 0 | 35M | 64M | 97M | 121M | 115M | 124M | 124M | 12.47M |
| Other Income/Expense | 20M | 185M | -36M | -82M | -78M | -168M | -70M | -14M | 2M | 71M |
| Pretax Income | 114M▲ 0% | 1.6B▲ 1300.9% | 2B▲ 25.4% | 4.54B▲ 126.7% | 4.63B▲ 2.0% | 3.63B▼ 21.6% | 4.37B▲ 20.4% | 6.04B▲ 38.2% | 8.71B▲ 44.1% | 13B▲ 0% |
| Pretax Margin % | 2.61% | 14.54% | 10.55% | 17.85% | 15.89% | 11.62% | 15.43% | 21.78% | 30.68% | 41% |
| Income Tax | 29M | 278M | 171M | 563M | 456M | 417M | 534M | 825M | 1.6B | 1.86B |
| Effective Tax Rate % | 25.44% | 17.41% | 8.54% | 12.4% | 9.84% | 11.48% | 12.21% | 13.65% | 18.4% | 14.31% |
| Net Income | 82M▲ 0% | 1.33B▲ 1517.1% | 1.83B▲ 38.2% | 3.98B▲ 117.2% | 4.16B▲ 4.3% | 3.03B▼ 27.1% | 3.68B▲ 21.4% | 4.92B▲ 33.8% | 6.64B▲ 35.0% | 10.81B▲ 0% |
| Net Margin % | 1.88% | 12.08% | 9.65% | 15.66% | 14.25% | 9.69% | 12.98% | 17.73% | 23.39% | 34.08% |
| Net Income Growth % | - | 1517.07% | 38.24% | 117.24% | 4.34% | -27.1% | 21.39% | 33.8% | 35.04% | 80.38% |
| Net Income (Continuing) | 85M | 1.32B | 1.83B | 3.98B | 4.18B | 3.21B | 3.84B | 5.22B | 7.11B | 11.14B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 9M | 7M | 51M | 12.63M | 486M | 738M | 1.03B | 1.29B | 1.86B | 2.68B |
| EPS (Diluted) | 0.05▲ 0% | 0.81▲ 1516.8% | 1.16▲ 43.2% | 2.38▲ 105.2% | 2.48▲ 4.2% | 1.80▼ 27.4% | 2.28▲ 26.7% | 3.10▲ 36.0% | 4.24▲ 36.8% | 6.93▲ 0% |
| EPS Growth % | - | 1516.77% | 43.21% | 105.17% | 4.2% | -27.42% | 26.67% | 35.96% | 36.77% | 81.77% |
| EPS (Basic) | 0.05 | 0.82 | 1.19 | 2.44 | 2.50 | 1.82 | 2.30 | 3.16 | 4.30 | - |
| Diluted Shares Outstanding | 1.64B | 1.64B | 1.58B | 1.67B | 1.68B | 1.68B | 1.62B | 1.58B | 1.57B | 1.56B |
| Basic Shares Outstanding | 1.62B | 1.62B | 1.54B | 1.64B | 1.66B | 1.66B | 1.6B | 1.58B | 1.57B | 1.56B |
| Dividend Payout Ratio | - | - | 1.04% | 0.8% | - | - | - | - | 22.7% | - |
TME Balance Sheet
Tencent Music Entertainment Group (TME) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 5B | 7.47B | 20.78B | 3.89B | 31.69B | 26.79B | 26.56B | 29.94B | 34.54B | 29.92B |
| Cash & Short-Term Investments | 3.33B | 5.17B | 17.44B | 3.23B | 26.02B | 20.43B | 20.88B | 23.54B | 27.21B | 22.32B |
| Cash Only | 3.07B | 5.17B | 17.36B | 2.21B | 11.13B | 6.59B | 9.55B | 13.57B | 13.16B | 11.26B |
| Short-Term Investments | 261M | 0 | 81M | 1.01B | 14.89B | 13.84B | 11.33B | 9.97B | 14.04B | 11.06B |
| Accounts Receivable | 809M | 1.3B | 1.48B | 344.69M | 2.99B | 3.8B | 2.92B | 2.92B | 3.51B | 3.68B |
| Days Sales Outstanding | 67.71 | 43.28 | 28.51 | 4.95 | 37.41 | 44.36 | 37.65 | 38.38 | 45.08 | 40.62 |
| Inventory | 14M | 30M | 35M | 3.73M | 18M | 24M | 14M | 8M | 23M | 57M |
| Days Inventory Outstanding | 1.63 | 1.53 | 1.09 | 0.08 | 0.33 | 0.4 | 0.26 | 0.16 | 0.51 | 0.67 |
| Other Current Assets | 35M | 39M | 55M | 62.16M | 53M | 56M | 87M | 267M | 1.38B | 3.86B |
| Total Non-Current Assets | 18.54B | 22.53B | 23.83B | 3.68B | 36.59B | 40.46B | 40.45B | 45.6B | 55.9B | 74.97B |
| Property, Plant & Equipment | 108M | 127M | 168M | 46.94M | 487M | 526M | 721M | 857M | 1.1B | 1.36B |
| Fixed Asset Turnover | 40.38x | 86.46x | 113.01x | 541.79x | 59.86x | 59.40x | 39.31x | 32.38x | 25.87x | 25.76x |
| Goodwill | 15.76B | 16.26B | 17.09B | 2.46B | 17.49B | 19.12B | 19.49B | 19.54B | 19.65B | 20.52B |
| Intangible Assets | 2.01B | 1.72B | 1.76B | 232.86M | 2.02B | 4.32B | 4.85B | 4.47B | 4.41B | 2.94B |
| Long-Term Investments | 302M | 4.12B | 3.78B | 813.56M | 15.33B | 15.4B | 14.33B | 19.84B | 29.89B | 163.99B |
| Other Non-Current Assets | 272M | 204M | 901M | 117.15M | 956M | 743M | 709M | 540M | 425M | 3.68B |
| Total Assets | 23.54B▲ 0% | 30B▲ 27.5% | 44.6B▲ 48.7% | 7.56B▼ 83.0% | 68.27B▲ 802.6% | 67.25B▼ 1.5% | 67.01B▼ 0.4% | 75.54B▲ 12.7% | 90.44B▲ 19.7% | 104.87B▲ 0% |
| Asset Turnover | 0.19x | 0.37x | 0.43x | 3.36x | 0.43x | 0.46x | 0.42x | 0.37x | 0.31x | 0.32x |
| Asset Growth % | - | 27.47% | 48.68% | -83.04% | 802.65% | -1.49% | -0.36% | 12.73% | 19.74% | 98.46% |
| Total Current Liabilities | 2.52B | 3.53B | 6.24B | 1.23B | 9.6B | 10.45B | 11.72B | 12.01B | 16.55B | 14.35B |
| Accounts Payable | 998M | 1.04B | 1.83B | 367.37M | 3.56B | 4.33B | 5B | 5.01B | 6.88B | 6.62B |
| Days Payables Outstanding | 116.42 | 53.19 | 57.05 | 8 | 65.55 | 72.35 | 93.24 | 101.75 | 153.32 | 142.32 |
| Short-Term Debt | 0 | 0 | 0 | 9.91M | 0 | 0 | 0 | 0 | 2.15B | 0 |
| Deferred Revenue (Current) | 415M | 1.05B | 1.54B | 258.41M | 1.71B | 1.83B | 2.31B | 3.05B | 3.44B | 13.58B |
| Other Current Liabilities | 0 | 1.05B | 0 | 527.73M | 0 | -12M | 0 | 0 | 0 | 3.27B |
| Current Ratio | 1.98x | 2.12x | 3.33x | 3.16x | 3.30x | 2.56x | 2.27x | 2.49x | 2.09x | 2.09x |
| Quick Ratio | 1.98x | 2.11x | 3.33x | 3.16x | 3.30x | 2.56x | 2.27x | 2.49x | 2.09x | 2.09x |
| Cash Conversion Cycle | -47.07 | -8.39 | -27.45 | -2.97 | -27.81 | -27.59 | -55.33 | -63.21 | -107.73 | -101.03 |
| Total Non-Current Liabilities | 378M | 325M | 595M | 64.32M | 5.94B | 5.75B | 6.17B | 6.32B | 4.17B | 5.09B |
| Long-Term Debt | 0 | 0 | 0 | 0 | 5.17B | 5.06B | 5.54B | 5.64B | 3.57B | 3.53B |
| Capital Lease Obligations | 0 | 0 | 0 | 11.2M | 218M | 205M | 306M | 297M | 219M | 929.05M |
| Deferred Tax Liabilities | 350M | 304M | 354M | 34.02M | 265M | 271M | 211M | 239M | 198M | 1.72B |
| Other Non-Current Liabilities | 28M | 0 | 201M | 0 | 204M | 125M | 0 | 0 | 0 | 710.08M |
| Total Liabilities | 2.9B | 3.85B | 6.83B | 1.29B | 15.54B | 16.2B | 17.88B | 18.33B | 20.72B | 19.44B |
| Total Debt | 0 | 0 | 0 | 21.1M | 5.5B | 5.36B | 5.96B | 6.05B | 6.05B | 3.87B |
| Net Debt | -3.07B | -5.17B | -17.36B | -2.19B | -5.63B | -1.23B | -3.59B | -7.52B | -7.11B | -7.39B |
| Debt / Equity | - | - | - | 0.00x | 0.10x | 0.10x | 0.12x | 0.11x | 0.09x | 0.09x |
| Debt / EBITDA | - | - | - | 0.00x | 0.99x | 1.12x | 1.06x | 0.89x | 0.62x | 0.29x |
| Net Debt / EBITDA | -9.06x | -2.62x | -7.21x | -0.43x | -1.02x | -0.26x | -0.64x | -1.11x | -0.73x | -0.73x |
| Interest Coverage | - | - | 58.26x | 72.22x | 48.56x | 31.40x | 38.63x | 48.86x | 70.24x | 802.03x |
| Total Equity | 20.63B▲ 0% | 26.15B▲ 26.7% | 37.77B▲ 44.5% | 6.27B▼ 83.4% | 52.73B▲ 740.9% | 51.05B▼ 3.2% | 49.13B▼ 3.8% | 57.2B▲ 16.4% | 69.73B▲ 21.9% | 85.43B▲ 0% |
| Equity Growth % | - | 26.72% | 44.45% | -83.4% | 740.95% | -3.18% | -3.78% | 16.44% | 21.89% | 114.01% |
| Book Value per Share | 12.61 | 15.98 | 23.91 | 3.75 | 31.38 | 30.36 | 30.38 | 36.11 | 44.54 | 54.79 |
| Total Shareholders' Equity | 20.63B | 26.14B | 37.72B | 6.26B | 52.24B | 50.32B | 48.1B | 55.91B | 67.86B | 82.75B |
| Common Stock | 2M | 2M | 2M | 287.12K | 2M | 2M | 2M | 2M | 2M | 2M |
| Retained Earnings | -57M | 1.23B | 3.04B | 875.58M | 11.11B | 14.19B | 12.05B | 16.97B | 20.05B | 27.19B |
| Treasury Stock | 0 | 0 | 0 | -4.45M | -134M | -3.66B | -6.35B | -7B | -550M | -1.46B |
| Accumulated OCI | 617M | 997M | 903M | 444.32M | 6.3B | 3.73B | 6.14B | 9.66B | 19.84B | 27.13B |
| Minority Interest | 9M | 7M | 51M | 12.63M | 486M | 738M | 1.03B | 1.29B | 1.86B | 2.68B |
TME Cash Flow Statement
Tencent Music Entertainment Group (TME) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 873M | 2.5B | 5.63B | 6.2B | 4.88B | 5.24B | 7.48B | 7.34B | 10.28B | 10.28B |
| Operating CF Margin % | 20.02% | 22.77% | 29.67% | 24.38% | 16.76% | 16.77% | 26.4% | 26.44% | 36.18% | - |
| Operating CF Growth % | - | 186.37% | 125.28% | 10.09% | -21.21% | 7.25% | 42.79% | -1.92% | 40.04% | 44.98% |
| Net Income | 114M | 1.6B | 2B | 4.54B | 4.63B | 3.63B | 4.37B | 6.04B | 8.71B | 10.81B |
| Depreciation & Amortization | 236M | 379M | 369M | 583M | 824M | 1B | 1.16B | 1B | 978M | 978M |
| Stock-Based Compensation | 170M | 362M | 487M | 519M | 569M | 647M | 665M | 649M | 596M | 429M |
| Deferred Taxes | -20M | -188M | 150M | 160M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -32M | -105M | 1.24B | -584M | -643M | -614M | -938M | -1.15B | -1.57B | 2.68B |
| Working Capital Changes | 405M | 455M | 1.39B | 982M | -497M | 573M | 2.22B | 786M | 1.56B | -289M |
| Change in Receivables | -266M | -447M | -182M | -733M | -520M | -769M | 906M | -204M | -539M | -539M |
| Change in Inventory | -11M | -16M | -4M | 9M | 8M | -6M | 10M | 7M | -15M | -15M |
| Change in Payables | 315M | 4M | 780M | 717M | 644M | 631M | 663M | 52M | 1.84B | 0 |
| Cash from Investing | 496M | -483M | -1.19B | -8.1B | -14.21B | -6B | -1.45B | -1.86B | -6.82B | -3.77B |
| Capital Expenditures | -41M | -77M | -144M | -286M | -108M | -159M | -85M | -165M | -319M | -319M |
| CapEx % of Revenue | 0.94% | 0.7% | 0.76% | 1.12% | 0.37% | 0.51% | 0.3% | 0.59% | 1.12% | - |
| Acquisitions | 676M | -15M | -693M | -44M | -525M | -2.08B | -144M | 57M | -41M | -34M |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -510M | -591M | -24M | -14M | -347M | -2.51B | -890M | -895M | -630M | -3.42B |
| Cash from Financing | 1.71B | 99M | 7.74B | -31M | 5.29B | -3.71B | -3.42B | -1.54B | -3.83B | -5.45B |
| Debt Issued (Net) | 0 | 0 | 0 | -56M | 5.33B | -116M | -130M | -116M | -134M | 0 |
| Equity Issued (Net) | 1000K | 0 | 1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K |
| Dividends Paid | 0 | 0 | -19M | -32M | 0 | 0 | 0 | 0 | -1.51B | -1.51B |
| Share Repurchases | 0 | 0 | 0 | 0 | -134M | -3.48B | -3.13B | -1.25B | -1.93B | -2.14B |
| Other Financing | -189M | 99M | 441M | 42M | 96M | -128M | -165M | -225M | -263M | -1.8B |
| Net Change in Cash | 3.07B▲ 0% | 2.1B▼ 31.5% | 12.18B▲ 479.3% | -1.93B▼ 115.8% | -4.3B▼ 122.7% | -4.54B▼ 5.6% | 2.96B▲ 165.3% | 4.01B▲ 35.4% | -403M▼ 110.0% | 1.05B▲ 0% |
| Free Cash Flow | 832M▲ 0% | 2.42B▲ 191.2% | 5.49B▲ 126.5% | 5.91B▲ 7.8% | 4.38B▼ 25.9% | 2.48B▼ 43.4% | 6.43B▲ 159.1% | 6.17B▼ 4.0% | 9.24B▲ 49.7% | 10B▲ 0% |
| FCF Margin % | 19.08% | 22.07% | 28.91% | 23.25% | 15.04% | 7.94% | 22.68% | 22.24% | 32.54% | 31.53% |
| FCF Growth % | - | 191.23% | 126.5% | 7.76% | -25.87% | -43.41% | 159.09% | -3.97% | 49.73% | 4.1% |
| FCF per Share | 0.51 | 1.48 | 3.47 | 3.53 | 2.61 | 1.48 | 3.97 | 3.90 | 5.90 | 5.90 |
| FCF Conversion (FCF/Net Income) | 10.65x | 1.89x | 3.07x | 1.56x | 1.18x | 1.73x | 2.03x | 1.49x | 1.55x | 0.93x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 119M |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
TME Key Ratios
Tencent Music Entertainment Group (TME) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 5.67% | 5.74% | 18.08% | 14.08% | 5.84% | 7.34% | 9.25% | 10.47% | 13.65% |
| Return on Invested Capital (ROIC) | 6.2% | 7.39% | 28.31% | 13.81% | 5.88% | 6.99% | 9.54% | 11.63% | 11.63% |
| Gross Margin | 34.7% | 38.33% | 34.1% | 31.91% | 30.1% | 30.96% | 35.29% | 42.34% | 43.9% |
| Net Margin | 12.08% | 9.65% | 15.66% | 14.25% | 9.69% | 12.98% | 17.73% | 23.39% | 34.08% |
| Debt / Equity | - | - | 0.00x | 0.10x | 0.10x | 0.12x | 0.11x | 0.09x | 0.09x |
| Interest Coverage | - | 58.26x | 72.22x | 48.56x | 31.40x | 38.63x | 48.86x | 70.24x | 802.03x |
| FCF Conversion | 1.89x | 3.07x | 1.56x | 1.18x | 1.73x | 2.03x | 1.49x | 1.55x | 0.93x |
| Revenue Growth | 151.8% | 72.89% | 33.97% | 14.62% | 7.17% | -9.3% | -2.07% | 2.34% | 13.95% |
TME Frequently Asked Questions
Tencent Music Entertainment Group (TME) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Tencent Music Entertainment Group (TME) reported $31.72B in revenue for fiscal year 2024. This represents a 627% increase from $4.36B in 2016.
Tencent Music Entertainment Group (TME) grew revenue by 2.3% over the past year. Growth has been modest.
Yes, Tencent Music Entertainment Group (TME) is profitable, generating $10.81B in net income for fiscal year 2024 (23.4% net margin).
Dividend & Returns
Yes, Tencent Music Entertainment Group (TME) pays a dividend with a yield of 1.46%. This makes it attractive for income-focused investors.
Tencent Music Entertainment Group (TME) has a return on equity (ROE) of 10.5%. This is reasonable for most industries.
Tencent Music Entertainment Group (TME) generated $10.00B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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Tencent Music Entertainment Group (TME) financial analysis — history, returns, DCA and operating performance tools
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