Tencent Music Entertainment Group (ADR) (TME)
Runs China's QQ Music, Kugou, Kuwo, WeSing, and Ximalaya audio ecosystem.
$8.22
vs last close−0.06 (−0.79%)
In millions of USD, except per-share figures · converted from CNY at the latest rate
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 980 | 1,029 | 1,010 | 1,069 | 1,047 | 1,113 | 1,098 | 1,260 | 1,263 | 1,156 | 1,171 | 1,333 |
| Cost of revenue | 631 | 635 | 596 | 619 | 601 | 628 | 614 | 700 | 713 | 26 | 645 | 744 |
| Gross profit | 350 | 394 | 414 | 449 | 446 | 485 | 484 | 559 | 549 | 1,130 | 526 | 589 |
| 137 | 138 | 121 | 121 | 126 | 126 | −238 | 115 | 145 | 739 | 180 | 136 | |
| Research & development | 0 | 377 | 0 | 0 | 0 | 340 | 0 | 0 | 0 | 0 | 0 | 0 |
| 189 | 189 | 170 | 171 | 182 | 175 | 171 | 173 | 196 | −160 | 181 | 193 | |
| Selling & marketing | 33 | 38 | 28 | 31 | 33 | 37 | 30 | 32 | 39 | 40 | 40 | 35 |
| General & administrative | 157 | 151 | 142 | 140 | 149 | 138 | 141 | 140 | 157 | −199 | 140 | 158 |
| Other expenses | −52 | −427 | −48 | −50 | −55 | −389 | −408 | −57 | −51 | 899 | −1 | −57 |
| Operating income | 213 | 256 | 292 | 328 | 320 | 360 | 722 | 444 | 404 | 391 | 346 | 453 |
| 2 | −1 | −7 | 4 | −10 | 13 | 0 | 1 | −3 | −31 | 38 | 5 | |
| Interest income | 41 | 41 | 41 | 45 | 45 | 47 | 44 | 38 | 5 | 66 | 36 | 33 |
| Interest expense | 5 | 2 | 4 | 4 | 14 | −4 | 4 | 2 | 1 | 13 | 7 | 0 |
| Other non-operating income | −7 | 174 | 41 | 45 | 45 | 39 | 398 | −2 | 37 | −399 | −45 | 34 |
| Income before tax | 215 | 254 | 285 | 332 | 310 | 373 | 721 | 445 | 401 | 360 | 385 | 458 |
| Income tax expense | 26 | 44 | 57 | 64 | 55 | 63 | 67 | 77 | 71 | 65 | 68 | 77 |
| Net income from continuing operations | 188 | 210 | 228 | 268 | 255 | 310 | 655 | 368 | 330 | 295 | 317 | 381 |
| Net income | 174 | 195 | 212 | 251 | 236 | 292 | 640 | 360 | 321 | 284 | 310 | 369 |
| EPS, basic | $0.11 | $0.13 | $0.14 | $0.16 | $0.15 | $0.19 | $0.42 | $0.24 | $0.21 | $0.18 | $0.20 | $0.24 |
| EPS, diluted | $0.11 | $0.13 | $0.14 | $0.16 | $0.15 | $0.19 | $0.41 | $0.23 | $0.21 | $0.18 | $0.20 | $0.24 |
| Weighted average shares, basic | 1,567 | 1,573 | 1,541 | 1,544 | 1,567 | 1,553 | 1,527 | 1,530 | 1,559 | 1,534 | 1,541 | 1,541 |
| Weighted average shares, diluted | 1,587 | 1,573 | 1,562 | 1,569 | 1,567 | 1,556 | 1,547 | 1,551 | 1,559 | 1,554 | 1,556 | 1,556 |
| EBITDA | 220 | 108 | 278 | 310 | 302 | 348 | 350 | 474 | 395 | 949 | 405 | 468 |
| Depreciation & amortization | 0 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 160 | 13 | 50 |
| EBIT | 220 | 82 | 251 | 283 | 275 | 321 | 324 | 447 | 368 | 789 | 392 | 419 |