Tencent Music Entertainment Group (HKG:1698)

Hong Kong · Delayed Price · Currency is HKD

56.85

+1.20 (2.16%)

At close: Feb 27, 2026

Revenue

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016
Online Music Services Revenue	25.46B	21.74B	17.33B
Online Music Services Revenue Growth	17.09%	25.50%	38.79%
Social Entertainment Services Revenue	6.26B	6.66B	10.43B
Social Entertainment Services Revenue Growth	-5.98%	-36.14%	-34.24%
Revenue (Total)	31.72B	28.40B	27.75B
Revenue (Total) Growth	11.68%	2.34%	-2.07%

Key Performance Indicators

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016
Online Music Services - Monthly Active Users (MAU)	570.00M	589.00M
Online Music Services - Monthly Active Users (MAU) Growth	-3.23%	-5.00%
Social Entertainment Services - Mobile Monthly Active Users (MAU)	91.00M	126.00M
Social Entertainment Services - Mobile Monthly Active Users (MAU) Growth	-27.78%	-19.74%
Online Music Services - Paying Users	117.60M	100.90M
Online Music Services - Paying Users Growth	16.55%	19.83%
Social Entertainment Services - Paying Users	7.90M	7.60M
Social Entertainment Services - Paying Users Growth	3.95%	-2.56%
Online Music Services - Paying Ratio	20.60%	17.10%
Social Entertainment Services - Paying Ratio	8.70%	6.00%
Online Music Services - Monthly Average Revenue per Paying User (ARPPU)	10.80	10.00
Online Music Services - Monthly Average Revenue per Paying User (ARPPU) Growth	8.00%	16.28%
Social Entertainment Services - Monthly Average Revenue per Paying User (ARPPU)	70.20	114.30
Social Entertainment Services - Monthly Average Revenue per Paying User (ARPPU) Growth	-38.58%	-32.53%

Updated Sep 30, 2025. Data Source: Fiscal.ai.