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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Total assets | 116,947 | 99,851 | 102,522 | 104,866 | 107,873 | — |
| Current assets | 39,689 | 34,667 | 32,458 | 29,917 | 30,877 | — |
| Cash and equivalents | 23,698 | 18,416 | 8,470 | 11,255 | 10,999 | — |
| Short-term investments | 6,956 | 8,327 | 15,846 | 11,065 | 11,197 | — |
| Receivables | 5,560 | 3,825 | 5,117 | 3,682 | 3,729 | — |
| Inventory | 98.0 | 48.0 | 41.0 | 57.0 | 32.0 | — |
| Net property, plant and equipment | 1,862 | 1,573 | 1,488 | 1,358 | 1,273 | — |
| Goodwill | 29,757 | 20,528 | 20,521 | 20,517 | 20,465 | — |
| Other intangible assets | 8,149 | 5,042 | 5,189 | 5,252 | 5,374 | — |
| Long-term investments | 36,412 | 37,088 | 42,003 | 46,911 | 49,190 | — |
| Current liabilities | 22,747 | 16,621 | 14,589 | 14,348 | 16,496 | — |
| Accounts payable | 6,716 | 6,176 | 6,284 | 6,619 | 6,956 | — |
| Long-term debt | 10,532 | 4,543 | 3,497 | 3,534 | 3,559 | — |
| Total debt | 16,884 | 4,842 | 3,813 | 3,865 | 6,042 | — |
| Total liabilities | 35,874 | 22,721 | 19,472 | 19,433 | 21,498 | — |
| Total equity (incl. minority) | 81,073 | 77,130 | 83,050 | 85,433 | 86,375 | — |
| Retained earnings | 31,118 | 28,647 | 29,381 | 27,188 | 25,036 | — |
| Minority interest | 2,801 | 2,790 | 2,763 | 2,682 | 2,497 | — |