Tencent Music Entertainment Group revenue and financials
$30.94Change from previous close: +1.44%Absolute change: +$0.44
In the fiscal year ended December 2025, Tencent Music Entertainment Group reported revenue of ¥32.9B (+15.85% year over year). Net income was ¥11.06B, a net margin of 33.6%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +15.85%
- 2025 vs 2024
- Net income growth
- +66.41%
- 2025 vs 2024
- Net margin
- 33.6%
- 2024: 23.4%
Financial data
Amounts in millions of CNY; per-share values in CNY; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total revenue | 32,902 | 28,401 | 27,752 | 28,339 |
| Cost of revenue | 18,367 | 16,376 | 17,957 | 19,566 |
| Gross profit | 14,535 | 12,025 | 9,795 | 8,773 |
| Selling, general and administrative | 2,540 | 2,396 | 2,493 | 5,557 |
| Research and development | 2,317 | 2,280 | 2,525 | — |
| Operating income | 9,737 | 7,439 | 4,972 | 3,532 |
| EBIT | 13,399 | 8,836 | 6,169 | 4,488 |
| EBITDA | 14,774 | 9,814 | 7,173 | 5,648 |
| Interest expense | 122 | 124 | 124 | 115 |
| Pre-tax income | 13,277 | 8,712 | 6,045 | 4,373 |
| Income tax | 1,924 | 1,603 | 825 | 534 |
| Net income | 11,056 | 6,644 | 4,920 | 3,677 |
| Net income to common shareholders | 11,056 | 6,644 | 4,920 | 3,677 |
| Basic EPS | 3.60 | 2.15 | 1.58 | 1.15 |
| Diluted EPS | 3.56 | 2.12 | 1.55 | 1.14 |
| Average shares (basic) | 3,067 | 3,084 | 3,122 | 3,204 |
| Average shares (diluted) | 3,109 | 3,131 | 3,168 | 3,235 |