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Tencent Music Entertainment Group

TME Clue Score68
China Fiscal year ends December CIK 0001744676
$8.38 +5.28% Close, 9 Oct 2026
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Price $8.38 +9.40% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Dec 2018. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue4.36Operating income0.10Net income0.08Fiscal year 2017Revenue10.98 +151.8%Operating income1.59Net income1.33 +1,517.1%Fiscal year 2018Revenue18.99 +72.9%Operating income2.04Net income1.83 +38.2%Fiscal year 2019Revenue25.43 +34.0%Operating income4.62Net income3.98 +117.2%Fiscal year 2020Revenue29.15 +14.6%Operating income4.71Net income4.16 +4.3%Fiscal year 2021Revenue31.24 +7.2%Operating income3.80Net income3.03 −27.1%Fiscal year 2022Revenue28.34 −9.3%Operating income4.44Net income3.68 +21.4%Fiscal year 2023Revenue27.75 −2.1%Operating income6.06Net income4.92 +33.8%Fiscal year 2024Revenue28.40 +2.3%Operating income8.71Net income6.64 +35.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Revenue 4.36 10.98 18.99 25.43 29.15 31.24 28.34 27.75 28.40
Growth +151.8% +72.9% +34.0% +14.6% +7.2% −9.3% −2.1% +2.3%
Operating income 0.10 1.59 2.04 4.62 4.71 3.80 4.44 6.06 8.71
Net income 0.08 1.33 1.83 3.98 4.16 3.03 3.68 4.92 6.64
Growth +1,517.1% +38.2% +117.2% +4.3% −27.1% +21.4% +33.8% +35.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin28.3%Operating margin2.4%Net margin1.9%Free cash flow margin19.1%Fiscal year 2017Gross margin34.7%Operating margin14.5%Net margin12.1%Free cash flow margin22.1%Fiscal year 2018Gross margin38.3%Operating margin10.7%Net margin9.7%Free cash flow margin29.0%Fiscal year 2019Gross margin34.1%Operating margin18.2%Net margin15.7%Free cash flow margin24.0%Fiscal year 2020Gross margin31.9%Operating margin16.2%Net margin14.3%Free cash flow margin16.4%Fiscal year 2021Gross margin30.1%Operating margin12.2%Net margin9.7%Free cash flow margin16.3%Fiscal year 2022Gross margin31.0%Operating margin15.7%Net margin13.0%Free cash flow margin26.1%Fiscal year 2023Gross margin35.3%Operating margin21.8%Net margin17.7%Free cash flow margin25.8%Fiscal year 2024Gross margin42.3%Operating margin30.7%Net margin23.4%Free cash flow margin35.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Gross margin 28.3% 34.7% 38.3% 34.1% 31.9% 30.1% 31.0% 35.3% 42.3%
Operating margin 2.4% 14.5% 10.7% 18.2% 16.2% 12.2% 15.7% 21.8% 30.7%
Net margin 1.9% 12.1% 9.7% 15.7% 14.3% 9.7% 13.0% 17.7% 23.4%
Free cash flow margin 19.1% 22.1% 29.0% 24.0% 16.4% 16.3% 26.1% 25.8% 35.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.87Capital expenditure−0.04Free cash flow0.83Fiscal year 2017Operating cash flow2.50Capital expenditure−0.08Free cash flow2.43 +191.5%Fiscal year 2018Operating cash flow5.63Capital expenditure−0.13Free cash flow5.50 +126.8%Fiscal year 2019Operating cash flow6.20Capital expenditure−0.10Free cash flow6.11 +11.0%Fiscal year 2020Operating cash flow4.89Capital expenditure−0.11Free cash flow4.78 −21.8%Buybacks−0.13Fiscal year 2021Operating cash flow5.24Capital expenditure−0.16Free cash flow5.08 +6.3%Buybacks−3.48Dividends paid0.00Fiscal year 2022Operating cash flow7.48Capital expenditure−0.09Free cash flow7.40 +45.6%Buybacks−3.13Dividends paid0.00Fiscal year 2023Operating cash flow7.34Capital expenditure−0.17Free cash flow7.17 −3.0%Buybacks−1.25Fiscal year 2024Operating cash flow10.28Capital expenditure−0.32Free cash flow9.96 +38.8%Buybacks−1.93Dividends paid−1.51
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Operating cash flow 0.87 2.50 5.63 6.20 4.89 5.24 7.48 7.34 10.28
Capital expenditure −0.04 −0.08 −0.13 −0.10 −0.11 −0.16 −0.09 −0.17 −0.32
Free cash flow 0.83 2.43 5.50 6.11 4.78 5.08 7.40 7.17 9.96
Growth +191.5% +126.8% +11.0% −21.8% +6.3% +45.6% −3.0% +38.8%
Buybacks n/a n/a n/a n/a −0.13 −3.48 −3.13 −1.25 −1.93
Dividends paid n/a n/a n/a n/a n/a 0.00 0.00 n/a −1.51

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash3.07Shareholders’ equity20.63Fiscal year 2017Cash5.17Shareholders’ equity26.14Fiscal year 2018Cash17.36Shareholders’ equity37.72Fiscal year 2019Cash15.43Shareholders’ equity43.59Fiscal year 2020Cash11.13Shareholders’ equity52.25Fiscal year 2021Cash6.59Shareholders’ equity50.32Fiscal year 2022Cash9.56Shareholders’ equity48.10Fiscal year 2023Cash13.57Shareholders’ equity55.91Fiscal year 2024Cash13.16Shareholders’ equity67.86
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Cash 3.07 5.17 17.36 15.43 11.13 6.59 9.56 13.57 13.16
Shareholders’ equity 20.63 26.14 37.72 43.59 52.25 50.32 48.10 55.91 67.86

In billions of CNY, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2024 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024
Margins
28.3% 34.7% 38.3% 34.1% 31.9% 30.1% 31.0% 35.3% 42.3%
2.4% 14.5% 10.7% 18.2% 16.2% 12.2% 15.7% 21.8% 30.7%
2.6% 14.5% 10.6% 17.9% 15.9% 11.6% 15.4% 21.8% 30.7%
1.9% 12.1% 9.7% 15.7% 14.3% 9.7% 13.0% 17.7% 23.4%
19.1% 22.1% 29.0% 24.0% 16.4% 16.3% 26.1% 25.8% 35.1%
Spending
10.3% 7.3% 4.9% 4.6% 5.7% 7.5% 9.1% 9.1% 8.0%
18.0% 13.9% 11.9% 10.6% 10.6% 12.8% 15.6% 14.8% 13.4%
0.9% 0.7% 0.7% 0.4% 0.4% 0.5% 0.3% 0.6% 1.1%
25.4% 17.4% 8.5% 12.4% 9.8% 11.5% 12.2% 13.6% 18.4%
Returns
0.4% 5.1% 4.9% 9.1% 8.0% 6.0% 7.6% 8.8% 9.8%
n/a 4.4% 4.1% 7.6% 6.1% 4.5% 5.5% 6.5% 7.3%
Balance and payout
n/a 12.8% 15.3% 17.1% 22.8% 24.1% 26.7% 24.3% 22.9%
n/a n/a n/a n/a n/a 0.0% 0.0% n/a 22.7%
n/a n/a n/a n/a 2.8% 68.5% 42.3% 17.4% 34.5%

Shown in CNY as filed; the screener converts to dollars.