Tencent Music Entertainment Group (HKG:1698)
Hong Kong · Delayed Price · Currency is HKD 33.68
+0.74 (2.25%)
Aug 14, 2026, 11:08 AM HKT
HKG:1698 Income Statement
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| 33,932 | 32,902 | 28,401 | 27,752 | 28,339 | 31,244 | |
Revenue Growth | 12.09% | 15.85% | 2.34% | -2.07% | -9.30% | 7.17% |
Cost of Revenue | 18,893 | 18,367 | 16,376 | 17,957 | 19,566 | 21,840 |
Gross Profit | 15,039 | 14,535 | 12,025 | 9,795 | 8,773 | 9,404 |
Selling, General & Admin | 5,064 | 4,857 | 4,676 | 5,018 | 5,557 | 6,687 |
Other Operating Expenses | 2,236 | -117 | -221 | -222 | -334 | -423 |
Operating Expenses | 7,300 | 4,740 | 4,455 | 4,796 | 5,223 | 6,264 |
Operating Income | 7,739 | 9,795 | 7,570 | 4,999 | 3,550 | 3,140 |
Interest Expense | -136 | -122 | -124 | -124 | -115 | -120 |
Interest & Investment Income | 1,151 | 1,227 | 1,213 | 1,067 | 725 | 557 |
Earnings From Equity Investments | 33 | 42 | 96 | 127 | 38 | -47 |
Currency Exchange Gain (Loss) | -7 | -7 | 30 | -17 | 7 | -1 |
EBT Excluding Unusual Items | 8,780 | 10,935 | 8,785 | 6,052 | 4,205 | 3,529 |
Gain (Loss) on Sale of Investments | 2,348 | 2,348 | -102 | -11 | 26 | 105 |
Gain (Loss) on Sale of Assets | - | - | - | - | 1 | -10 |
Other Unusual Items | -6 | -6 | 29 | 4 | 141 | 8 |
Pretax Income | 11,122 | 13,277 | 8,712 | 6,045 | 4,373 | 3,632 |
Income Tax Expense | 1,934 | 1,924 | 1,603 | 825 | 534 | 417 |
Earnings From Continuing Operations | 9,188 | 11,353 | 7,109 | 5,220 | 3,839 | 3,215 |
Minority Interest in Earnings | -270 | -297 | -465 | -300 | -162 | -186 |
Net Income | 8,918 | 11,056 | 6,644 | 4,920 | 3,677 | 3,029 |
Net Income to Common | 8,918 | 11,056 | 6,644 | 4,920 | 3,677 | 3,029 |
Net Income Growth | -12.91% | 66.41% | 35.04% | 33.80% | 21.39% | -27.10% |
Shares Outstanding (Basic) | 1,546 | 1,534 | 1,542 | 1,561 | 1,602 | 1,661 |
Shares Outstanding (Diluted) | 1,563 | 1,554 | 1,565 | 1,584 | 1,617 | 1,682 |
Shares Change | 0.22% | -0.70% | -1.18% | -2.04% | -3.82% | 0.08% |
EPS (Basic) | 5.77 | 7.21 | 4.31 | 3.15 | 2.30 | 1.82 |
EPS (Diluted) | 5.73 | 7.12 | 4.24 | 3.10 | 2.28 | 1.80 |
EPS Growth | -12.80% | 67.92% | 36.77% | 35.97% | 26.67% | -27.42% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 10,965 | 9,926 | 9,956 | 7,172 | 7,396 | 5,080 |
Free Cash Flow Per Share | 7.02 | 6.39 | 6.36 | 4.53 | 4.57 | 3.02 |
Dividend Per Share | - | 1.679 | 1.314 | 0.972 | - | - |
Dividend Growth | - | 27.77% | 35.23% | - | - | - |
Gross Margin | 44.32% | 44.18% | 42.34% | 35.30% | 30.96% | 30.10% |
Operating Margin | 22.81% | 29.77% | 26.65% | 18.01% | 12.53% | 10.05% |
Profit Margin | 26.28% | 33.60% | 23.39% | 17.73% | 12.97% | 9.70% |
Free Cash Flow Margin | 32.31% | 30.17% | 35.05% | 25.84% | 26.10% | 16.26% |
EBITDA | 8,903 | 10,919 | 8,287 | 5,862 | 4,710 | 4,141 |
EBITDA Margin | 26.24% | 33.19% | 29.18% | 21.12% | 16.62% | 13.25% |
D&A For EBITDA | 1,164 | 1,124 | 717 | 863 | 1,160 | 1,001 |
EBIT | 7,739 | 9,795 | 7,570 | 4,999 | 3,550 | 3,140 |
EBIT Margin | 22.81% | 29.77% | 26.65% | 18.01% | 12.53% | 10.05% |
Effective Tax Rate | 17.39% | 14.49% | 18.40% | 13.65% | 12.21% | 11.48% |
Revenue as Reported | 33,932 | 32,902 | 28,401 | 27,752 | 28,339 | 31,244 |
Advertising Expenses | - | 672 | 611 | 603 | 852 | 2,387 |