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Tencent Music Entertainment Group
Previous close
$45.00
Year range
$34.00 - $62.50
Market cap
157.13B HKD
Avg Volume
57.60K
P/E ratio
22.05
Dividend yield
1.19%
Primary exchange
HKG
Market news
Financials
Income Statement
Revenue
Net income
| (CNY) | Sep 2024info | Y/Y change |
|---|---|---|
Revenue | 7.02B | 6.79% |
Operating expense | 1.15B | -3.70% |
Net income | 1.58B | 35.53% |
Net profit margin | 22.57 | 26.94% |
Earnings per share | 1.16 | 21.72% |
EBITDA | 2.02B | 47.76% |
Effective tax rate | 17.68% | — |
Balance Sheet
Total assets
Total liabilities
| (CNY) | Sep 2024info | Y/Y change |
|---|---|---|
Cash and short-term investments | 28.56B | 28.52% |
Total assets | 84.61B | 15.98% |
Total liabilities | 19.38B | 8.97% |
Total equity | 65.23B | — |
Shares outstanding | 1.55B | — |
Price to book | 1.10 | — |
Return on assets | 5.52% | — |
Return on capital | 6.69% | — |
Cash Flow
Net change in cash
| (CNY) | Sep 2024info | Y/Y change |
|---|---|---|
Net income | 1.58B | 35.53% |
Cash from operations | 2.16B | 50.24% |
Cash from investing | -3.34B | -192.21% |
Cash from financing | -882.00M | -3.89% |
Net change in cash | -2.04B | -258.88% |
Free cash flow | 3.64B | 481.56% |
About
Tencent Music Entertainment Group is a company that develops music streaming services for the Chinese market. Tencent Music's apps include QQ Music, KuGou, Kuwo, and WeSing; which have more than 800 million active users and 120 million paying subscribers. As of July 2016, Tencent Music's three services held an estimated 56% market share of music streaming services in China.
In the first quarter of 2021, Tencent Music announced it had 60.9 million paying users, up 42.6% compared to the 42.7 million paying users in the first quarter of 2020. In addition, the total number of music streaming users was announced to be 615 million, a drop of 6.4% compared to the first quarter of 2020. Wikipedia
Founded
Jul 2016
Headquarters
Website
Employees
5,185
