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  4. TENCENT MUSIC ENTERTAINMENT GROUP - ADR
Tencent Music Entertainment Group - ADR
XNYS: TME
6.1M
XNYS Volume

XNYS 13 Oct, 2026 5:30 PM (EDT)

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Tencent Music Entertainment Grp (ADR) quarterly and annual earnings report: results, revenue, profit, P&L, balance sheet, cash flow, financial ratios, revenue mix, peer comparison, and financial documents

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Forecaster Analyst Estimates for Tencent Music Entertainment Grp (ADR) share price target, revenues, EPS, net income and more

Tencent Music Entertainment Grp (ADR) quarterly results: revenue, profit, and P&L – 13 quarter history

  • POSITIVE

    Quarterly Revenue Tencent Music Entertainment Grp (ADR) Jun-2026 Quarterly Revenue is $8,933 Million which is growth of 5.8% YoY.

  • POSITIVE

    Quarterly Net Profit Tencent Music Entertainment Grp (ADR) Jun-2026 Quarterly Net Profit is $2,471 Million which is growth of 2.6% YoY.

Tencent Music Entertainment Group - ADR, Earnings Report - Quarterly Results, standalone, All financials are in CNY Million and price data in USD
IndicatorGraphJun '26Mar '26Dec '25Sep '25Jun '25Mar '25Dec '24Sep '24Jun '24Mar '24Dec '23Sep '23Jun '23
Operating Rev.
8,9337,8958,6418,4638,4427,3567,4587,0157,1606,7686,8936,5697,286
Cost Of Rev.
4,9844,3494,7794,7814,6934,1144,2054,0244,1503,9974,2524,2274,789
Gross Profit
3,9493,5463,8623,6823,7493,2423,2532,9913,0102,7712,6412,3422,497
⌄
1,2421,2111,1881,3111,1561,1431,0841,2181,1481,1361,0711,2681,255
Operating Profit
2,7072,3352,6742,3712,5932,0992,1691,7731,8621,6351,5701,0741,242
224200205213242272344202278248264238223
Profit Before Tax
3,0672,5942,7722,6892,9824,8342,4992,0762,2261,9111,7041,4391,535
Tax
514457486477515446423367432381295176187
⌄
2,4712,0912,2032,1532,4094,2911,9571,5831,6821,4221,3061,1681,298
Diluted NI Avail to Com Stockholders Ann.
2,4712,0912,2032,1532,4094,2911,9571,5831,6821,4221,3061,1681,298
Basic EPS
1.61.41.41.41.62.81.311.10.90.80.70.8
Diluted EPS After ExtraOrdinary
1.71.51.61.41.71.41.511.21.110.71
Number Of Shares End
1,564.21,540.71,5401,537.31,529.91,527.31,537.51,546.21,543.81,5411,551.61,567.51,563.8
Net Income Continuing Discontinued Operations
2,4712,0912,2032,1532,4094,2911,9571,5831,6821,4221,3061,1681,298
Normalized Income
2,6862,2732,4852,4772,5742,1242,2801,8101,8731,7041,5751,5031,579
Interest Income
229246258245254297315299304278277273265
Interest
54653321225-29972630133542
Net Interest Income
224200205213242272344202278248264238223
EBIT
2,8432,3942,5672,4762,7404,5622,1551,8741,9481,6631,4401,2011,312
EBITDA
2,8432,3942,5672,4762,7404,5622,1551,8741,9481,6631,4401,2011,312
Reconciled Cost Of Rev.
4,9844,3494,7794,7814,6934,1144,2054,0244,1503,9974,2524,2274,789
Reconciled Depr.
-------------
Profit From Continuing Operations
-------------
Normalized EBITDA
3,0722,6402,8252,7212,9944,8592,4702,1732,2521,9411,7171,4741,577
*All financials are in CNY Million and price data in USD

Tencent Music Entertainment Grp (ADR) competitor comparison and performance snapshot within industry

Tencent Music Entertainment Grp (ADR) annual results: revenue, profit, P&L, and margins as of Dec 2025 – 11 year history

  • POSITIVE

    Annual Revenue Tencent Music Entertainment Grp (ADR) Dec-2025 Annual Revenue is $32,902 Million which is growth of 15.8% YoY.

  • POSITIVE

    Annual Net Profit Tencent Music Entertainment Grp (ADR) Dec-2025 Annual Net Profit is $11,056 Million which is growth of 66.4% YoY.

Tencent Music Entertainment Group - ADR, Earnings Report - Annual Results, standalone, All financials are in CNY Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsTTMDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17Dec '16
5.1%
2.4%
 32,90228,40127,75228,33931,24429,15325,43418,98510,9814,361
Cost Of Rev. Ann.
-2.1%
-1.5%
18,89318,36716,37617,95719,56621,84019,85116,76111,7087,1713,129
Gross Profit Ann.
18.3%
9.3%
15,03914,53512,0259,7958,7739,4049,3028,6737,2773,8101,232
Operating Exp. Ann.
-2.9%
-2.1%
4,9524,7984,5864,8235,2416,2945,3314,6123,9202,4041,139
Operating Profit Ann.
40.2%
19.6%
10,0879,7377,4394,9723,5323,1103,9714,0613,3571,40693
16.1%
12.2%
8429321,0729285964105255512829332
Other Exp. Ann.
120%
80.5%
 2,608201145245112136-72-1,63698-11
PBT Ann.
44.8%
23.4%
11,12213,2778,7126,0454,3733,6324,6324,5402,0031,597114
Tax Ann.
53.3%
33.4%
1,9341,9241,60382553441745656317127829
⌄
44.3%
21.6%
8,91811,0566,6444,9203,6773,0294,1553,9821,8331,32682
Diluted NI Avail to Com Stockholders Ann.
44.3%
21.6%
8,91811,0566,6444,9203,6773,0294,1553,9821,8331,32682
EPS Ann.
46.3%
23.6%
 7.24.33.22.31.82.52.41.20.80.1
Diluted EPS Ann.
45.6%
23.2%
 7.14.23.12.31.82.52.41.20.80.1
Number Of Shares End
-0.7%
-1.5%
 1,5401,537.51,551.61,570.71,641.11,660.51,649.21,563.51,667.3-
Total Exp. Ann.
-2.3%
-1.7%
 23,16520,96222,78024,80728,13425,18221,37315,6289,5754,268
Net Income Continuing Discontinued Operations Ann.
44.3%
21.6%
8,91811,0566,6444,9203,6773,0294,1553,9821,8331,32682
Normalized Income Ann.
26.4%
14.1%
9,9219,5888,1366,2234,7454,3324,9504,9034,1751,904423
Interest Income Ann.
14%
11.1%
9781,0541,1961,0527115306226152829332
Interest Ann.
2%
4.7%
1361221241241151209764---
EBITDA Ann.
40.8%
22.8%
10,28013,7948,6916,1964,9374,2234,9314,5722,0901,883318
Reconciled Cost Of Rev. Ann.
-2.1%
-1.5%
18,89318,36716,37617,95719,56621,84019,85116,76111,7087,1713,129
Reconciled Depr. Ann.
5.8%
10.8%
 1,3759781,0041,1601,001824583369379236
Profit From Continuing Operations Ann.
44.8%
23.4%
 13,2778,7126,0454,3733,6324,6324,5402,0031,597114
Normalized EBITDA Ann.
31%
17.4%
11,25812,2669,8407,1825,4594,6245,5065,2673,8241,697352
*All financials are in CNY Million and price data in USD
Total Rev. Ann.
1Y CHG
15.8%
2Y CAGR
8.9%
3Y CAGR
5.1%
5Y CAGR
2.4%
7Y CAGR
8.2%
Total Revenue Annual growth is higher than historical averages.
Net Profit Ann.
1Y CHG
66.4%
2Y CAGR
49.9%
3Y CAGR
44.3%
5Y CAGR
21.6%
7Y CAGR
29.3%
Net Profit Annual growth is higher than historical averages.
Operating Exp. Ann.
1Y CHG
4.6%
2Y CAGR
-0.3%
3Y CAGR
-2.9%
5Y CAGR
-2.1%
7Y CAGR
2.9%
Operating Expenses Annual Cr growth is higher than historical averages.

Tencent Music Entertainment Grp (ADR) balance sheet as of Dec 2025: assets, liabilities, reserves, and borrowings – 11 year history

  • POSITIVE

    Total Shareholders Fund Tencent Music Entertainment Grp (ADR) Dec-2025 Total Shareholders Fund is $80,287 Million which is growth of 18.3% YoY.

  • POSITIVE

    Total Assets Tencent Music Entertainment Grp (ADR) Dec-2025 Total Assets is $102,522 Million which is growth of 13.4% YoY.

Tencent Music Entertainment Group - ADR, Balance Sheet, standalone, All financials are in CNY Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17Dec '16
15.2%
8.5%
102,52290,44475,53667,00967,25468,27352,67844,60530,00023,535
⌄
2.9%
4.6%
19,47220,71818,33417,88216,19915,5429,0006,8333,8522,901
⌄
18.6%
9%
80,28767,86355,90748,09950,31752,24543,59037,72126,14120,625
Total Capitalization Ann.
16%
7.8%
83,78471,43561,54353,63555,37957,42043,59037,72126,14120,625
Tangible Assets Ann.
31.9%
10.8%
54,57743,80331,89623,75826,87232,73324,82818,8708,1622,856
Working Capital Ann.
6.4%
-4.1%
17,86917,99417,92214,84216,34122,08518,42414,5403,9402,474
Invested Capital Ann.
16%
7.8%
83,78473,58961,54353,63555,37957,42043,59037,72126,14120,625
Tangible Book Value Ann.
31.9%
10.8%
54,57743,80331,89623,75826,87232,73324,82818,8708,1622,856
Borrowings Ann.
-13.9%
-7.1%
3,8136,0516,0485,9655,3595,496147---
Net Debt Ann.
-
-
----------
Share Issued Ann.
-2.8%
-1.4%
3,147.83,097.83,432.23,432.23,390.23,385.13,355.13,2663,2663,270.6
Number Of Shares End
-0.7%
-1.5%
1,5401,537.51,551.61,570.71,641.11,660.51,649.21,563.51,667.3-
*All financials are in CNY Million and price data in USD
Total Assets Ann.
1Y CHG
13.4%
2Y CAGR
16.5%
3Y CAGR
15.2%
5Y CAGR
8.5%
7Y CAGR
12.6%
Total Assets Annual growth is stable compared to historical averages.
Total Current Liabilities Ann.
1Y CHG
-11.8%
2Y CAGR
10.2%
3Y CAGR
7.6%
5Y CAGR
8.7%
7Y CAGR
12.9%
Total Current Liabilities Annual Cr is falling faster than historical averages.
Total ShareHolders Funds Ann.
1Y CHG
18.3%
2Y CAGR
19.8%
3Y CAGR
18.6%
5Y CAGR
9%
7Y CAGR
11.4%
Total ShareHolders Funds Annual growth is stable compared to historical averages.

Tencent Music Entertainment Grp (ADR) ROE, ROCE, book value, and debt-to-equity ratio as of Dec 2025 – 11 year history

  • POSITIVE

    Book Value Per Share Tencent Music Entertainment Grp (ADR) Book Value Per Share is $8 which is growth of 35.9% YoY.

  • NEUTRAL

    ROE Tencent Music Entertainment Grp (ADR) ROE is 0% which is growth of 0% YoY.

Tencent Music Entertainment Group - ADR, Ratios, standalone, All financials are in CNY Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17Dec '16
RoA Ann. %
-
-
-8.01%6.90%5.48%4.47%6.87%8.19%4.91%4.95%0.35%
ROE Ann. %
-
-
-10.74%9.46%7.47%5.91%8.67%9.79%5.74%5.67%0.40%
ROIC %
-
-
-2.31.81.80.81.92.1-2.72-
OPM Ann. %
33.4%
16.8%
29.59%26.19%17.92%12.46%9.95%13.62%15.97%17.68%12.80%2.13%
Inventory Turnover Ratio Ann.
-
-
-1,056.51,632.51,029.81,040902.3549.5360.3326223.5
Asset Turnover Ann. %
-
-
-0.30.40.40.50.50.50.50.40.2
Working Capital Turnover Ann.
-1.8%
6.7%
1.81.61.61.91.91.31.41.32.81.8
Quick Ratio Ann.
-
-
-1.92.222.332.93.11.81.6
Current Ratio Ann.
-
-
-2.12.52.32.63.33.23.32.12
Interest Coverage Ratio Ann.
-
-
-71.349.83931.348.871.9---
LT Debt To Equity Ann.
-
-
-0.10.10.10.10.1---
*All financials are in CNY Million and price data in USD

Tencent Music Entertainment Grp (ADR) cash flow: net, operating, investing, and financing flows as of Dec 2025 – 11 year history

  • NEGATIVE

    Cash From Operating Activity Tencent Music Entertainment Grp (ADR) Dec-2025 Cash From Operating Activity is $10,231 Million which is growth of -0.4% YoY.

  • NEGATIVE

    Net Cash Flow Tencent Music Entertainment Grp (ADR) Dec-2025 Net Cash Flow is $-4,645 Million which is growth of -1145.3% YoY.

Tencent Music Entertainment Group - ADR, Cash Flow, standalone, All financials are in CNY Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17Dec '16
11%
15.9%
10,23110,2757,3377,4815,2394,8856,2005,6322,500873
-
-
-10,227-6,818-1,863-1,446-5,999-14,206-8,102-1,190-483496
-
-
-4,649-3,830-1,538-3,419-3,7105,292-317,741991,712
Cash Plus Cash Eqv. End Of Year Ann.
-3.9%
-5.3%
8,47013,16413,5679,5556,59111,12815,42617,3565,1743,071
Net Increase In Cash Plus Cash Eqv.s Ann.
-
-
-4,645-3733,9362,616-4,470-4,029-1,93312,1832,1163,081
Cash Plus Cash Eqv. Begin Of Year Ann.
25.9%
-3.1%
13,16413,5679,5556,59111,12815,42617,3565,1743,071
Income Tax Paid Supplemental Data Ann.
-
-
----------
Interest Paid Supplemental Data Ann.
-
-
----------
Capex Ann.
-
-
-1,188-1,032-1,164-1,053-2,758-501-286-144-77-41
Issuance Of Capital Stock Ann.
-
-
52313157,3191,901
Issuance Of Debt Ann.
-
-
---5,410----
Repayment Of Debt Ann.
-
-
-2,255-134-116-130-116-80-63---
Repurchase Of Capital Stock Ann.
-
-
-390-1,925-1,249-3,127-3,479-134----
Free Cash Flow Ann.
12.2%
15.4%
8,9249,1246,0566,3132,3764,3695,9145,4882,423832
*All financials are in CNY Million and price data in USD
Cash from Operating Act. Ann.
1Y CHG
-0.4%
2Y CAGR
18.1%
3Y CAGR
11%
5Y CAGR
15.9%
7Y CAGR
8.9%
Cash from Operating Activity Annual is falling faster than historical averages.