Tencent Music Entertainment Group
Tencent Music Entertainment Group (TME) Financial Performance & Income Statement Overview
Analyze Tencent Music Entertainment Group (TME) financial statements (income, balance sheet, and cash flow) across both yearly and quarterly periods.
Tencent Music Entertainment Group (TME) Income Statement & Financial Overview
Analyze Tencent Music Entertainment Group’s TME earnings with segmented quarterly and yearly financial statement figures.
| Metric | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|
| Revenue | $7.46B | $7.01B | $7.16B | $6.77B |
| Cost of Revenue | $4.21B | $4.02B | $4.15B | $4.00B |
| Gross Profit | $3.25B | $2.99B | $3.01B | $2.77B |
| Gross Profit Ratio | $0.44 | $0.43 | $0.42 | $0.41 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $1.17B | $1.22B | $1.15B | $1.14B |
| Operating Expenses | $844.00M | $847.00M | $812.00M | $1.14B |
| Total Costs & Expenses | $5.05B | $4.87B | $5.30B | $5.13B |
| Interest Income | $0.00 | $299.00M | $304.00M | $278.00M |
| Interest Expense | $0.00 | $97.00M | $26.00M | $30.00M |
| Depreciation & Amortization | $180.00M | $180.00M | $54.00M | $180.00M |
| EBITDA | $2.27B | $2.02B | $2.25B | $1.94B |
| EBITDA Ratio | $0.30 | $0.29 | $0.31 | $0.29 |
| Operating Income | $2.41B | $2.14B | $2.20B | $1.96B |
| Operating Income Ratio | $0.32 | $0.31 | $0.31 | $0.29 |
| Other Income/Expenses (Net) | $90.00M | -$68.00M | $28.00M | $230.00M |
| Income Before Tax | $2.50B | $2.08B | $2.23B | $1.91B |
| Income Before Tax Ratio | $0.34 | $0.30 | $0.31 | $0.28 |
| Income Tax Expense | $423.00M | $367.00M | $432.00M | $381.00M |
| Net Income | $1.96B | $1.58B | $1.68B | $1.42B |
| Net Income Ratio | $0.26 | $0.23 | $0.23 | $0.21 |
| EPS | $1.26 | $1.00 | $1.09 | $0.92 |
| Diluted EPS | $1.26 | $1.01 | $1.07 | $0.92 |
| Weighted Avg Shares Outstanding | $1.55B | $1.58B | $1.54B | $1.54B |
| Weighted Avg Shares Outstanding (Diluted) | $1.56B | $1.57B | $1.57B | $1.56B |
Over the past four quarters, Tencent Music Entertainment Group demonstrated steady revenue growth, increasing from $6.77B in Q1 2024 to $7.46B in Q4 2024. Operating income reached $2.41B in Q4 2024, maintaining a consistent 32% margin over recent quarters. Despite fluctuations in R&D and SG&A expenses, EBITDA remained robust at $2.27B, reflecting operational efficiency. Net income rose to $1.96B, with EPS at $1.26. Disciplined expense management helped sustain profitability, highlighting solid overall financial performance.
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