Tencent Music Entertainment Group revenue and financials
$31.10Change from previous close: +0.52%Absolute change: +$0.16
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 | 2021 |
|---|---|---|---|---|---|
| Total assets | 102,522 | 90,444 | 75,536 | 67,009 | — |
| Current assets | 32,458 | 34,544 | 29,936 | 26,559 | — |
| Cash and equivalents | 8,470 | 13,164 | 13,567 | 9,555 | — |
| Short-term investments | 15,846 | 14,045 | 9,974 | 11,328 | — |
| Receivables | 5,117 | 4,799 | 3,912 | 2,923 | — |
| Inventory | 41.0 | 23.0 | 8.0 | 14.0 | — |
| Net property, plant and equipment | 1,488 | 1,098 | 857 | 721 | — |
| Goodwill | 20,521 | 19,647 | 19,542 | 19,493 | — |
| Other intangible assets | 5,189 | 4,413 | 4,469 | 4,848 | — |
| Long-term investments | 42,003 | 29,895 | 19,840 | 14,332 | — |
| Current liabilities | 14,589 | 16,550 | 12,014 | 11,717 | — |
| Accounts payable | 6,284 | 6,879 | 5,006 | 4,998 | — |
| Long-term debt | 3,497 | 3,572 | 5,636 | 5,536 | — |
| Total debt | 3,813 | 6,051 | 6,048 | 5,965 | — |
| Total liabilities | 19,472 | 20,718 | 18,334 | 17,882 | — |
| Total equity (incl. minority) | 83,050 | 69,726 | 57,202 | 49,127 | — |
| Retained earnings | 29,381 | 20,051 | 16,969 | 12,052 | — |
| Minority interest | 2,763 | 1,863 | 1,295 | 1,028 | — |