← Tencent Music Entertainment Group

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $4.4b $11.0b $19.0b $25.4b $29.2b $31.2b $28.3b $27.8b $28.4b $32.9b
Cost of Revenue ($3.1b) $7.2b $11.7b $16.8b $19.9b $21.8b $19.6b $18.0b $16.4b ($18.4b)
Cost of revenues ($3.1b) ($7.2b) ($11.7b) ($16.8b) ($19.9b) ($21.8b) ($19.6b) ($18.0b) ($16.4b) ($18.4b)
Gross Profit $1.2b $3.8b $7.3b $8.7b $9.3b $9.4b $8.8b $9.8b $12.0b $14.5b
Operating expenses:
Total operating expenses ($1.1b) ($2.4b) ($4.0b) ($4.7b) ($5.6b) ($6.7b) ($5.6b) ($5.0b) ($4.7b) ($4.9b)
Additional Financial Items
Applicable Tax Rate — — $0 $0 $0 $0 $0 $0 $0 —
Depreciation Right of Use Assets — — — $61.0m $86.0m $123.0m $146.0m $141.0m — —
Impairment Loss Recognised In Profit Or Loss Goodwill — $0 $0 $0 $0 $0 $0 $0 $0 —
Profit Loss Attributable To Noncontrolling Interests $3.0m ($7.0m) ($1.0m) ($5.0m) $21.0m $186.0m $162.0m $300.0m $465.0m $297.0m
Profit Loss Attributable To Owners Of Parent $82.0m $1.3b $1.8b $4.0b $4.2b $3.0b $3.7b $4.9b $6.6b $11.1b
Profit Loss Before Tax $114.0m $1.6b $2.0b $4.5b $4.6b $3.6b $4.4b $6.0b $8.7b $13.3b
Profit Loss From Operating Activities $103.0m $1.6b $2.0b $4.6b $4.7b $3.8b $4.4b $6.1b $8.7b $13.4b
Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method $11.0m $4.0m ($1.0m) ($18.0m) $19.0m ($47.0m) $38.0m $127.0m $96.0m $42.0m
Interest income $32.0m $93.0m $282.0m $615.0m $622.0m $530.0m $711.0m $1.1b $1.2b $1.1b
Other gains, net ($13.0m) $124.0m ($29.0m) $78.0m $362.0m $553.0m $516.0m $230.0m $165.0m $2.6b
Operating profit $103.0m $1.6b $2.0b $4.6b $4.7b $3.8b $4.4b $6.1b $8.7b $13.4b
Share of net profit of investments accounted for using equit method $11.0m $4.0m ($1.0m) ($18.0m) $19.0m ($47.0m) $38.0m $127.0m $96.0m $42.0m
Profit before income tax $114.0m $1.6b $2.0b $4.5b $4.6b $3.6b $4.4b $6.0b $8.7b $13.3b
Profit for the year $85.0m $1.3b $1.8b $4.0b $4.2b $3.2b $3.8b $5.2b $7.1b $11.4b
Equity holders of the Company $82.0m $1.3b $1.8b $4.0b $4.2b $3.0b $3.7b $4.9b $6.6b $11.1b
Non-controlling interests $3.0m ($7.0m) ($1.0m) ($5.0m) $21.0m $186.0m $162.0m $300.0m $465.0m $297.0m
Basic $0.04 $0.51 $1.79 $3.65 $3.76 $2.73 $3.45 $4.73 $6.46 $10.81
Diluted $0.04 $0.50 $1.74 $3.57 $3.71 $2.70 $3.41 $4.66 $6.36 $10.67
Research and Development Expense — $797.0m $937.0m $1.2b $1.7b $2.3b $2.6b $2.5b $2.3b —
General and Administrative Expense — $1.5b $2.3b $2.7b $3.1b $4.0b $4.4b $4.1b $3.8b —
General and administrative expenses ($783.0m) ($1.5b) ($2.3b) ($2.7b) ($3.1b) ($4.0b) ($4.4b) ($4.1b) ($3.8b) ($3.9b)
Current Tax Expense (Income) — $353.0m $255.0m $703.0m $634.0m $530.0m $604.0m $814.0m $1.7b —
Deferred Tax Expense (Income) — ($75.0m) ($84.0m) ($140.0m) ($178.0m) ($113.0m) ($70.0m) $11.0m ($65.0m) —
Employee Benefits Expense — $1.4b $2.1b $2.5b $3.0b $3.9b $4.2b $4.0b $3.8b —
Expense From Share-Based Payment Transactions With Employees — $384.0m $487.0m $519.0m $569.0m $752.0m $823.0m $670.0m $596.0m —
Expense Relating To Short-Term Leases For Which Recognition Exemption Has Been Used — — — $26.0m $26.0m $36.0m — — — —
Finance Costs — — ($35.0m) $64.0m $97.0m $121.0m $108.0m $141.0m $94.0m ($129.0m)
Selling and marketing expenses ($365.0m) ($913.0m) ($1.7b) ($2.0b) ($2.5b) ($2.7b) ($1.1b) ($897.0m) ($865.0m) ($941.0m)
Interest Expense On Lease Liabilities — — — $7.0m $9.0m $15.0m $19.0m $18.0m $17.0m —
Income Tax Expense Continuing Operations — $278.0m $171.0m $563.0m $456.0m $417.0m $534.0m $825.0m $1.6b —
Income tax expense ($29.0m) ($278.0m) ($171.0m) ($563.0m) ($456.0m) ($417.0m) ($534.0m) ($825.0m) ($1.6b) ($1.9b)

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.