Tencent Music Entertainment Group
Tencent Music Entertainment Group (TME) Financial Performance & Income Statement Overview
Explore the financials of Tencent Music Entertainment Group (TME), including yearly and quarterly data on income, cash flow, and balance sheets.
Tencent Music Entertainment Group (TME) Income Statement & Financial Overview
Access detailed annual and quarterly income data for Tencent Music Entertainment Group TME financial performance.
| 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 last four quarters, Tencent Music Entertainment Group's revenue moved from $6.77B in Q1 2024 to $7.46B in Q4 2024. Operating income in Q4 2024 was $2.41B, with a strong operating margin of 32%. Despite fluctuations in R&D and SG&A expenses, EBITDA for Tencent Music Entertainment Group remained robust at $2.27B, reflecting operational efficiency. Net income rose to $1.96B, with an EPS of $1.26. Disciplined expense management helped sustain profitability, highlighting solid overall financial performance.
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