TME
Income statement / Annual
Last year (2023), Tencent Music Entertainment Group's total revenue was $27.75 B,
a decrease of 2.07% from the previous year.
In 2023, Tencent Music Entertainment Group's net income was $4.92 B.
See Tencent Music Entertainment Group’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
| Operating Revenue |
$27.75 B
|
$28.34 B
|
$31.24 B
|
$29.15 B
|
$25.43 B
|
$18.99 B
|
$10.98 B
|
$4.36 B
|
| Cost of Revenue |
$17.96 B |
$19.57 B |
$21.84 B |
$19.85 B |
$16.76 B |
$11.71 B |
$7.17 B |
$3.13 B |
| Gross Profit |
$9.80 B |
$8.77 B |
$9.40 B |
$9.30 B |
$8.67 B |
$7.28 B |
$3.81 B |
$1.23 B |
| Gross Profit Ratio |
0.35 |
0.31 |
0.3 |
0.32 |
0.34 |
0.38 |
0.35 |
0.28 |
| Research and Development
Expenses |
$2.53 B
|
$2.58 B
|
$2.34 B
|
$1.67 B
|
$1.16 B
|
$937.00 M
|
$797.00 M
|
$449.00 M
|
| General & Administrative
Expenses |
$4.12 B
|
$4.41 B
|
$4.01 B
|
$3.10 B
|
$2.70 B
|
$2.26 B
|
$1.52 B
|
$783.00 M
|
| Selling & Marketing
Expenses |
$897.00 M
|
$1.14 B
|
$2.68 B
|
$2.48 B
|
$2.04 B
|
$1.71 B
|
$913.00 M
|
$365.00 M
|
| Selling, General &
Administrative Expenses |
$5.02 B
|
$5.56 B
|
$6.69 B
|
$5.58 B
|
$4.74 B
|
$3.97 B
|
$2.43 B
|
$1.15 B
|
| Other Expenses |
$27.00 M |
$516.00 M |
$553.00 M |
$362.00 M |
$78.00 M |
-$1.58 B |
$6.00 M |
$1.00 M |
| Operating Expenses |
$4.82 B |
$5.56 B |
$6.69 B |
$5.58 B |
$4.74 B |
$3.97 B |
$2.40 B |
$1.14 B |
| Cost And Expenses |
$22.78 B |
$25.12 B |
$28.53 B |
$25.43 B |
$21.51 B |
$15.68 B |
$9.58 B |
$4.27 B |
| Interest Income |
$1.05 B |
$711.00 M |
$530.00 M |
$622.00 M |
$615.00 M |
$282.00 M |
$93.00 M |
$32.00 M |
| Interest Expense |
$124.00 M |
$108.00 M |
$121.00 M |
$97.00 M |
$64.00 M |
$0.00 |
$0.00 |
$0.00 |
| Depreciation &
Amortization |
$1.00 B
|
$1.16 B
|
$1.00 B
|
$824.00 M
|
$583.00 M
|
$369.00 M
|
$379.00 M
|
$236.00 M
|
| EBITDA |
$7.18 B
|
$4.48 B
|
$3.75 B
|
$4.73 B
|
$4.60 B
|
$3.31 B
|
$1.70 B
|
$352.00 M
|
| EBITDA Ratio |
0.26 |
0.16 |
0.12 |
0.16 |
0.18 |
0.17 |
0.15 |
0.08 |
| Operating Income Ratio
|
0.22
|
0.16
|
0.09
|
0.16
|
0.18
|
0.11
|
0.15
|
0.02
|
| Total Other
Income/Expenses Net |
$145.00 M
|
-$70.00 M
|
$880.00 M
|
-$78.00 M
|
-$82.00 M
|
-$1.58 B
|
$98.00 M
|
-$11.00 M
|
| Income Before Tax |
$6.05 B |
$4.37 B |
$3.63 B |
$4.63 B |
$4.54 B |
$2.00 B |
$1.60 B |
$114.00 M |
| Income Before Tax Ratio
|
0.22
|
0.15
|
0.12
|
0.16
|
0.18
|
0.11
|
0.15
|
0.03
|
| Income Tax Expense |
$825.00 M |
$534.00 M |
$417.00 M |
$456.00 M |
$563.00 M |
$171.00 M |
$278.00 M |
$29.00 M |
| Net Income |
$4.92 B |
$3.68 B |
$3.03 B |
$4.16 B |
$3.98 B |
$1.83 B |
$1.33 B |
$82.00 M |
| Net Income Ratio |
0.18 |
0.13 |
0.1 |
0.14 |
0.16 |
0.1 |
0.12 |
0.02 |
| EPS |
3.15 |
1.15 |
1.82 |
2.5 |
2.43 |
1.19 |
0.82 |
0.0505 |
| EPS Diluted |
3.1 |
1.14 |
1.8 |
2.48 |
2.38 |
1.16 |
0.81 |
0.0501 |
| Weighted Average Shares
Out |
$1.59 B
|
$1.60 B
|
$1.66 B
|
$1.66 B
|
$1.64 B
|
$1.54 B
|
$1.62 B
|
$1.62 B
|
| Weighted Average Shares
Out Diluted |
$1.58 B
|
$1.62 B
|
$1.68 B
|
$1.68 B
|
$1.67 B
|
$1.58 B
|
$1.64 B
|
$1.64 B
|
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