7Baggers

Tencent Music Entertainment Group
(NYSE:TME) 

TME stock logo

Tencent Music Entertainment Group operates online music entertainment platforms that provides music streaming, online karaoke, and live streaming services in the People's Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover and listen to music in personali...

Founded: 2016
Full Time Employees: 3,610
Sector: Communication Services
Industry: Internet Content & Information
EntertainmentMusicChinese
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Quarterly
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    Unit: USD2025-11-12 2025-08-12 2025-05-13 2025-03-18 2024-12-31 2024-08-13 2024-05-13 2024-03-19 2023-12-31 2023-11-14 2023-08-15 2023-05-16 2023-03-21 2022-12-31 2022-11-14 2022-09-15 2022-08-15 2022-05-16 2022-03-21 2021-12-31 2021-11-08 2021-08-16 2021-05-17 2021-03-22 2020-12-31 2020-11-10 2020-08-24 2020-05-11 2020-03-16 2019-12-31 2019-11-12 2019-08-12 2019-03-19 2018-12-31 
                                      
      revenues
    		                                  
      online music services
    		6,969,000,000 6,854,000,000 5,804,000,000 5,831,000,000  5,424,000,000 5,007,000,000 5,022,000,000 3,075,750,000 4,553,000,000 4,249,000,000 3,501,000,000 3,559,000,000 2,231,000,000 3,430,000,000 2,878,000,000 2,878,000,000 2,616,000,000 2,880,000,000 2,146,750,000 2,888,000,000 2,950,000,000 2,749,000,000 2,760,000,000 1,647,250,000 2,324,000,000  2,044,000,000 2,139,000,000 1,253,250,000 1,846,000,000 1,562,000,000 1,520,000,000  
      social entertainment services and others
    		1,494,000,000 1,588,000,000 1,552,000,000 1,627,000,000  1,736,000,000 1,761,000,000 1,871,000,000 2,139,000,000 2,016,000,000 3,037,000,000 3,503,000,000 3,866,000,000 2,997,500,000 3,935,000,000 4,027,000,000 4,027,000,000 4,028,000,000 4,727,000,000 3,762,500,000 4,917,000,000 5,058,000,000 5,075,000,000 5,575,000,000 3,557,250,000 5,251,000,000  4,267,000,000 5,154,000,000 3,282,000,000 4,661,000,000 4,336,000,000 3,877,000,000  
      cost of revenues
    		-4,781,000,000 -4,693,000,000 -4,114,000,000 -4,205,000,000  -4,150,000,000 -3,997,000,000 -4,252,000,000 13,704,982,043 -4,227,000,000 -4,789,000,000 -4,689,000,000 -4,978,000,000 14,587,980,434 -4,962,000,000 -4,842,000,000 -4,842,000,000 -4,784,000,000 -5,415,000,000 16,424,978,160 -5,496,000,000 -5,571,000,000 -5,358,000,000 -5,638,000,000 14,212,980,149 -5,117,000,000 -9,096 -4,334,000,000 -4,805,000,000 11,955,983,239 -4,296,000,000 -3,957,000,000 -3,561,000,000  
      gross profit
    		3,682,000,000 3,749,000,000 3,242,000,000 3,253,000,000  3,010,000,000 2,771,000,000 2,641,000,000 -7,153,990,205 2,342,000,000 2,497,000,000 2,315,000,000 2,447,000,000 -6,325,991,227 2,403,000,000 2,063,000,000 2,063,000,000 1,860,000,000 2,192,000,000 -7,211,990,596 2,309,000,000 2,437,000,000 2,466,000,000 2,697,000,000 -6,604,990,698 2,458,000,000 4,147 1,977,000,000 2,488,000,000 -6,184,991,327 2,211,000,000 1,941,000,000 1,836,000,000  
      yoy
    		 24.55% 17.00% 23.17%  28.52% 10.97% 14.08% -392.36% -137.02% 3.91% 12.22% 18.61% -440.11% 9.63% -128.61% -10.65% -23.68% -11.11% -367.41% -134.96% -0.85% 59464573.26% 36.42% -365.47% -139.74% -100.00% 1.85% 35.51%      
      qoq
    		-1.79% 15.64% -0.34%   8.63% 4.92% -136.92% -405.46% -6.21% 7.86% -5.39% -138.68% -363.25% 16.48% 0.00% 10.91% -15.15% -130.39% -412.34% -5.25% -1.18% -8.57% -140.83% -368.71% 59271662.72% -100.00% -20.54% -140.23% -379.74% 13.91% 5.72%   
      gross margin %
    		Infinity% Infinity% Infinity% Infinity% NaN% Infinity% Infinity% Infinity% -Infinity% Infinity% Infinity% Infinity% Infinity% -Infinity% Infinity% 29.88% Infinity% Infinity% Infinity% -Infinity% Infinity% Infinity% Infinity% Infinity% -Infinity% Infinity% 31.31% Infinity% Infinity% -Infinity% Infinity% Infinity% Infinity%  
      selling and marketing expenses
    		-260,000,000 -216,000,000 -199,000,000 -248,000,000  -210,000,000 -187,000,000 -255,000,000 641,999,103 -219,000,000 -211,000,000 -212,000,000 -266,000,000 877,998,856 -245,000,000 -303,000,000 -303,000,000 -330,000,000 -750,000,000 1,927,997,322 -587,000,000 -669,000,000 -672,000,000 -773,000,000 1,701,997,525 -642,000,000 -1,060  -671,000,000 1,369,997,959 -517,000,000 -416,000,000 -542,000,000  
      general and administrative expenses
    		-1,051,000,000 -940,000,000 -944,000,000 -926,000,000  -938,000,000 -949,000,000 -1,011,000,000 3,109,995,879 -1,049,000,000 -1,044,000,000 -1,017,000,000 -1,095,000,000 3,317,995,587 -1,192,000,000 -1,114,000,000 -1,114,000,000 -1,012,000,000 -1,067,000,000 2,941,995,991 -1,051,000,000 -1,008,000,000 -883,000,000 -906,000,000 2,194,996,899 -790,000,000 -1,405 -681,000,000 -747,000,000 1,955,997,297 -720,000,000 -634,000,000 -810,000,000  
      total operating expenses
    		-1,311,000,000 -1,156,000,000 -1,143,000,000 -1,174,000,000  -1,148,000,000 -1,136,000,000 -1,266,000,000 3,751,994,982 -1,268,000,000 -1,255,000,000 -1,229,000,000 -1,361,000,000 4,195,994,443 -1,437,000,000 -1,417,000,000 -1,417,000,000 -1,342,000,000 -1,817,000,000 4,869,993,313 -1,638,000,000 -1,677,000,000 -1,555,000,000 -1,679,000,000 3,896,994,424 -1,432,000,000 -2,465 -1,162,000,000 -1,418,000,000 3,325,995,256 -1,237,000,000 -1,050,000,000 -1,352,000,000  
      interest income
    		245,000,000 254,000,000 297,000,000 315,000,000  304,000,000 278,000,000 277,000,000 -774,998,948 273,000,000 265,000,000 237,000,000 224,000,000 -486,999,289 186,000,000 151,000,000 151,000,000 150,000,000 122,000,000 -407,999,470 131,000,000 123,000,000 154,000,000 156,000,000 -465,999,378 139,000,000 327 174,000,000 173,000,000 -441,999,385 154,000,000 144,000,000 100,000,000  
      other gains
    		94,000,000 131,000,000 2,440,000,000 15,000,000  32,000,000 46,000,000 62,000,000 -167,999,770 78,000,000 32,000,000 58,000,000 78,000,000 -437,999,484 109,000,000 248,000,000 248,000,000 81,000,000 185,000,000 -367,999,447 117,000,000 152,000,000 99,000,000 122,000,000 -239,999,638 95,000,000 145 58,000,000 -41,000,000 -118,999,922 60,000,000 50,000,000 -35,000,000  
      operating profit
    		2,710,000,000 2,978,000,000 4,836,000,000 2,409,000,000  2,198,000,000 1,959,000,000 1,714,000,000 -4,344,993,941 1,425,000,000 1,539,000,000 1,381,000,000 1,388,000,000 -3,054,995,557 1,261,000,000 1,045,000,000 1,045,000,000 749,000,000 682,000,000 -3,117,996,200 919,000,000 1,035,000,000 1,164,000,000 1,296,000,000 -3,413,995,290 1,260,000,000 2,154 1,047,000,000 1,202,000,000 -3,419,995,378 1,188,000,000 1,085,000,000 -970,000,000  
      yoy
    		 35.49% 146.86% 40.55%  54.25% 27.29% 24.11% -413.04% -146.64% 22.05% 32.15% 32.82% -507.88% 84.90% -133.52% 13.71% -27.63% -41.41% -340.59% -126.92% -17.86% 54038897.21% 23.78% -384.03% -136.84% -100.00% -3.50% -223.92%      
      qoq
    		-9.00% -38.42% 100.75%   12.20% 14.29% -139.45% -404.91% -7.41% 11.44% -0.50% -145.43% -342.27% 20.67% 0.00% 39.52% 9.82% -121.87% -439.28% -11.21% -11.08% -10.19% -137.96% -370.95% 58495721.73% -100.00% -12.90% -135.15% -387.88% 9.49% -211.86%   
      operating margin %
    		Infinity% Infinity% Infinity% Infinity% NaN% Infinity% Infinity% Infinity% -Infinity% Infinity% Infinity% Infinity% Infinity% -Infinity% Infinity% 15.13% Infinity% Infinity% Infinity% -Infinity% Infinity% Infinity% Infinity% Infinity% -Infinity% Infinity% 16.27% Infinity% Infinity% -Infinity% Infinity% Infinity% -Infinity%  
      share of net profit of investments accounted for using equity method
    		11,000,000 16,000,000  31,000,000  54,000,000   26,750,000 49,000,000              5,000,000           
      finance cost
    		-32,000,000 -12,000,000 -25,000,000 59,000,000  -26,000,000 -30,000,000 -30,000,000 -27,750,000 -35,000,000 -42,000,000 -34,000,000 -31,000,000 -19,250,000 -24,000,000 -23,000,000 -23,000,000 -30,000,000 -31,000,000 -22,500,000 -30,000,000 -29,000,000 -31,000,000 -18,000,000 78,999,903 -42,000,000 -37 -20,000,000  56,999,936 -18,000,000 -22,000,000   
      profit before income tax
    		2,689,000,000 2,982,000,000 4,834,000,000 2,499,000,000  2,226,000,000 1,911,000,000 1,704,000,000 -4,340,993,955 1,439,000,000 1,535,000,000 1,367,000,000 1,373,000,000 -2,999,995,627 1,245,000,000 1,016,000,000 1,016,000,000 739,000,000 652,000,000 -2,979,996,368 890,000,000 984,000,000 1,106,000,000 1,283,000,000 -3,348,995,368 1,251,000,000 2,098 1,016,000,000 1,187,000,000 -3,352,995,460 1,168,000,000 1,060,000,000 -969,000,000  
      income tax expense
    		-477,000,000 -515,000,000 -446,000,000 -423,000,000  -432,000,000 -381,000,000 -295,000,000 529,999,175 -176,000,000 -187,000,000 -167,000,000 -168,000,000 365,999,466 -152,000,000 -124,000,000 -124,000,000 -90,000,000 -75,000,000 341,999,583 -102,000,000 -113,000,000 -127,000,000 -71,000,000 384,999,544 -116,000,000 -269 -130,000,000 -147,000,000 415,999,437 -145,000,000 -132,000,000 94,000,000  
      profit for the period
    		2,212,000,000 2,467,000,000 4,388,000,000   1,794,000,000 1,530,000,000  952,750,000 1,263,000,000 1,348,000,000 1,200,000,000  658,500,000 1,093,000,000 892,000,000 892,000,000 649,000,000 577,000,000 659,500,000 788,000,000 871,000,000 979,000,000  741,000,000 1,135,000,000 1,829 886,000,000  734,250,000 1,023,000,000 928,000,000   
      attributable to:
    		                                  
      equity holders of the company
    		2,153,000,000 2,409,000,000 4,291,000,000   1,682,000,000 1,422,000,000  -3,613,995,080 1,168,000,000 1,298,000,000 1,148,000,000 1,151,000,000 -2,525,996,323 1,061,000,000 856,000,000 856,000,000 609,000,000 536,000,000 -2,492,996,971 740,000,000 827,000,000 926,000,000 1,197,000,000 -2,957,995,845 1,132,000,000 1,826 887,000,000 1,042,000,000 -2,939,996,018 1,026,000,000 927,000,000 -876,000,000  
      non-controlling interests
    		59,000,000 58,000,000 97,000,000   112,000,000 108,000,000  -196,999,700 95,000,000 50,000,000 52,000,000 54,000,000 -107,999,838 32,000,000 36,000,000 36,000,000 40,000,000 41,000,000 -144,999,814 48,000,000 44,000,000 53,000,000 15,000,000 -5,999,979 3,000,000 3     1,000,000 1,000,000  
      earnings per share for class a and class b ordinary shares
    		                                  
      basic
    		0.7 0.79 1.4   0.54 0.46  0.42 0.37 0.42 0.37 0.37 0.37 0.33  0.27 0.19 0.16 0.16 0.22 0.25 0.28 0.36 0.36 0.34  0.27 0.32 0.32 0.31 0.29 -0.28  
      diluted
    		0.69 0.78 1.39   0.54 0.46  0.41 0.37 0.41 0.36 0.36 0.36 0.33  0.26 0.18 0.16 0.16 0.22 0.24 0.27 0.36 0.36 0.34  0.26 0.31 0.31 0.31 0.28 -0.28  
      earnings per ads
    		                                  
      basic
    		1.4 1.57 2.81   1.09 0.92  0.84 0.75 0.83 0.74 0.73 0.73 0.67  0.53 0.37 0.33 0.32 0.45 0.49 0.55 0.72 0.72 0.68  0.54 0.63 0.63 0.63 0.57 -0.56  
      diluted
    		1.38 1.55 2.77   1.07 0.91  0.83 0.74 0.82 0.73 0.72 0.72 0.66  0.53 0.37 0.32 0.33 0.44 0.49 0.54 0.71 0.71 0.67  0.53 0.62 0.62 0.62 0.55 -0.56  
      shares used in earnings per class a and class b ordinary share computation:
    		                                  
      basic
    		3,074,517,375 3,059,783,073 3,054,522,173   3,087,608,798 3,081,992,364  781,952,434 3,134,975,498 3,127,610,931 3,120,690,738 3,142,973,505 806,217,598 3,176,110,236  3,226,303,011 3,273,281,390 3,284,580,063 833,510,007.75 3,305,669,441 3,342,313,643 3,354,845,726 3,320,795,974 827,767,972.5 3,316,674,790  3,306,901,002 3,298,087,474 816,054,312.5 3,269,006,517 3,250,074,601 3,126,915,062  
      diluted
    		3,118,471,326 3,102,937,547 3,093,008,542   3,138,833,816 3,123,242,656  793,022,518.75 3,173,371,472 3,168,826,599 3,165,297,869 3,175,415,350 813,997,891 3,206,799,580  3,248,584,128 3,302,130,101 3,308,612,118 845,656,920.5 3,337,499,968 3,375,732,279 3,403,590,157 3,364,932,615 838,976,623.5 3,361,909,938  3,350,941,875 3,349,111,362 835,570,167.75 3,331,806,938 3,349,737,375 3,126,915,062  
      ads used in earnings per ads computation
    		                                  
      basic
    		1,537,258,688 1,529,891,537 1,527,261,087   1,543,804,399 1,540,996,182  390,976,217 1,567,487,749 1,563,805,465 1,560,345,369 1,571,486,752 403,108,799 1,588,055,118  1,613,151,506 1,636,640,695 1,642,290,032 416,755,004 1,652,834,720 1,671,156,821 1,677,422,863 1,660,397,987 413,883,986.25 1,658,337,395  1,653,450,501 1,649,043,737 408,027,156.25 1,634,503,259 1,625,037,301 1,563,457,531  
      diluted
    		1,559,235,663 1,551,468,773 1,546,504,271   1,569,416,908 1,561,621,328  396,511,259.5 1,586,685,736 1,584,413,299 1,582,648,934 1,587,707,675 406,998,945.5 1,603,399,790  1,624,292,064 1,651,065,051 1,654,306,059 422,828,460.25 1,668,749,984 1,687,866,139 1,701,795,078 1,682,466,307 419,488,311.75 1,680,954,969  1,675,470,937 1,674,555,681 417,785,084 1,665,903,469 1,674,868,687 1,563,457,531  
      share of net (loss)/ profit of investments accounted for using equity method
    		  23,000,000                                
      profit for the period/year
    		   2,076,000,000    1,409,000,000     1,205,000,000           1,212,000,000     1,040,000,000    -875,000,000  
      share of net profit/(loss) of investments accounted for using equity method
    		      -18,000,000      16,000,000 -21,999,962 8,000,000    1,000,000 -12,000,000 1,000,000              
      share of net profit of investments
    		                                  
      accounted for using equity method
    		       20,000,000                           
      share of net (loss)/profit of investments accounted for using equity method
    		          38,000,000                        
      share of net gains of investments accounted for using equity method
    		           20,000,000                       
      total revenues
    		               6,905,000,000           13,243        
      yoy
    		                                  
      qoq
    		                                  
      operating expenses
    		                                  
      share of net income of investments accounted for using equity method
    		               -6,000,000  20,000,000    -22,000,000 -27,000,000            
      share of net (loss)/gain of investments accounted for using equity method
    		                        3,500,000 33,000,000         
      revenue from online music services
    		                          4,265        
      revenue from social entertainment services and others
    		                          8,978        
      share of net losses of investments accounted for using equity method
    		                          -19        
      earnings per share for class a and class b ordinary shares
    		                                  
      — basic
    		                          0.55        
      — diluted
    		                          0.55        
      earnings per ads
    		                                  
      share of net loss of investments accounted for using equity method
    		                           -11,000,000       
      share-based payments in respect of issuance of ordinary shares to music label partners
    		                                -1,519,000,000  
      share of loss of investments accounted for using equity method
    		                             -2,500,000     
      shares used in earning per class a and class b ordinary share computation:
    		                                  
      basic
    		3,074,517,375 3,059,783,073 3,054,522,173   3,087,608,798 3,081,992,364  781,952,434 3,134,975,498 3,127,610,931 3,120,690,738 3,142,973,505 806,217,598 3,176,110,236  3,226,303,011 3,273,281,390 3,284,580,063 833,510,007.75 3,305,669,441 3,342,313,643 3,354,845,726 3,320,795,974 827,767,972.5 3,316,674,790  3,306,901,002 3,298,087,474 816,054,312.5 3,269,006,517 3,250,074,601 3,126,915,062  
      diluted
    		3,118,471,326 3,102,937,547 3,093,008,542   3,138,833,816 3,123,242,656  793,022,518.75 3,173,371,472 3,168,826,599 3,165,297,869 3,175,415,350 813,997,891 3,206,799,580  3,248,584,128 3,302,130,101 3,308,612,118 845,656,920.5 3,337,499,968 3,375,732,279 3,403,590,157 3,364,932,615 838,976,623.5 3,361,909,938  3,350,941,875 3,349,111,362 835,570,167.75 3,331,806,938 3,349,737,375 3,126,915,062  
      share of profit of investments accounted for using equity method
    		                                10,000,000  
      fair value change on puttable shares
    		                                -9,000,000  
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2025-11-12 2025-09-30 2025-08-12 2025-06-30 2025-03-31 2024-12-31 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-03-31 2021-03-22 2020-12-31 2020-08-24 2020-05-11 2020-03-31 2020-03-16 2019-12-31 2019-11-12 2019-08-12 2019-03-19 2018-12-31 
                                    
        assets
      		                              
        non-current assets
      		                              
        property, plant and equipment
      		1,049,000,000 1,049,000,000 963,000,000 963,000,000 881,000,000 803 591,000,000 526,000,000 490 436,000,000 400,000,000 340,000,000 323 289,000,000 268,000,000 247,000,000 243 232,000,000 181,000,000 176,000,000 176 178 171,000,000 176 179,000,000 179 162,000,000 154,000,000 168,000,000 168 
        land use rights
      		2,308,000,000 2,308,000,000 2,327,000,000 2,327,000,000 2,345,000,000 2,364 2,401,000,000 2,419,000,000 2,437 2,456,000,000 2,444,000,000 2,462,000,000 2,480 2,499,000,000 2,517,000,000 2,535,000,000               
        right-of-use assets
      		309,000,000 309,000,000 310,000,000 310,000,000 316,000,000 295 308,000,000 317,000,000 367 390,000,000 334,000,000 362,000,000 398 435,000,000 465,000,000 268,000,000 283 291,000,000 296,000,000 311,000,000 311 131 129,000,000 311 148,000,000 148 144,000,000 139,000,000   
        intangible assets
      		2,944,000,000 2,944,000,000 3,047,000,000 3,047,000,000 2,029,000,000 2,049 2,034,000,000 2,023,000,000 2,032 2,136,000,000 2,195,000,000 2,289,000,000 2,368 2,491,000,000 2,751,000,000 2,692,000,000 2,829 2,764,000,000 2,551,000,000 2,020,000,000 2,020 1,953 1,615,000,000 2,020 1,622,000,000 1,622 1,637,000,000 1,669,000,000 1,763,000,000 1,763 
        goodwill
      		20,517,000,000 20,517,000,000 20,465,000,000 20,465,000,000 19,648,000,000 19,647 19,646,000,000 19,567,000,000 19,542 19,542,000,000 19,538,000,000 19,538,000,000 19,493 19,493,000,000 19,493,000,000 19,126,000,000 19,121 19,100,000,000 19,062,000,000 17,492,000,000 17,492 17,140 17,140,000,000 17,492 17,140,000,000 17,140 17,140,000,000 17,140,000,000 17,088,000,000 17,088 
        investments accounted for using equity method
      		1,856,000,000 1,856,000,000 1,859,000,000 1,859,000,000 1,866,000,000 4,669 4,693,000,000 4,277,000,000 4,274 4,370,000,000 4,483,000,000 4,291,000,000 4,330 4,386,000,000 4,117,000,000 3,652,000,000 3,599 3,631,000,000 3,551,000,000 2,255,000,000 2,255 2,255 2,035,000,000 2,255 489,000,000 489 448,000,000 411,000,000 236,000,000 236 
        financial assets at fair value through other comprehensive income
      		30,940,000,000 30,940,000,000 34,254,000,000 34,254,000,000 24,780,000,000 14,498 10,294,000,000 8,791,000,000 6,540 5,502,000,000 5,592,000,000 4,694,000,000 3,168 3,172,000,000 3,240,000,000 4,904,000,000 7,302 7,177,000,000 8,432,000,000 9,771,000,000 9,771 8,652 3,679,000,000 9,771 4,461,000,000 4,461 3,448,000,000 4,299,000,000 3,331,000,000 3,331 
        other investments
      		305,000,000 305,000,000 308,000,000 308,000,000 309,000,000 309 331,000,000 327,000,000 307 321,000,000 322,000,000 301,000,000 304 299,000,000 285,000,000 348,000,000 199 201,000,000 350,000,000 349,000,000 349 217 217,000,000 349 217,000,000 217 217,000,000 217,000,000 217,000,000 217 
        prepayments, deposits and other assets
      		373,000,000 373,000,000 263,000,000 263,000,000 312,000,000 425 419,000,000 437,000,000 540 580,000,000 642,000,000 599,000,000 709 659,000,000 622,000,000 675,000,000 743 2,297,000,000 967,000,000 956,000,000 956 998 983,000,000 956 816,000,000 816 2,811,000,000 2,199,000,000 1,823,000,000 901 
        deferred tax assets
      		538,000,000 538,000,000 431,000,000 431,000,000 393,000,000 422 369,000,000 360,000,000 352 375,000,000 343,000,000 352,000,000 347 392,000,000 399,000,000 357,000,000 346 340,000,000 308,000,000 303,000,000 303 214 191,000,000 303 192,000,000 192 129,000,000 123,000,000 123,000,000 123 
        term deposits
      		13,810,000,000 13,810,000,000 12,769,000,000 12,769,000,000 11,029,000,000 10,419 10,529,000,000 7,589,000,000 8,719 8,769,000,000 7,570,000,000 8,040,000,000 6,530 6,570,000,000 4,433,000,000 5,933,000,000 4,303 4,253,000,000 3,453,000,000 2,953,000,000 2,953 1,010 1,010,000,000 2,953 500,000,000 500 500,000,000 550,000,000   
        current assets
      		                              
        inventories
      		57,000,000 57,000,000 32,000,000 32,000,000 18,000,000 23 14,000,000 11,000,000 8 5,000,000 6,000,000 12,000,000 14 20,000,000 23,000,000 23,000,000 24 27,000,000 18,000,000 18,000,000 18 30 26,000,000 18 26,000,000 26 32,000,000 27,000,000 35,000,000 35 
        accounts receivable
      		3,682,000,000 3,682,000,000 3,729,000,000 3,729,000,000 3,201,000,000 3,508 3,024,000,000 2,808,000,000 2,918 2,502,000,000 2,459,000,000 2,722,000,000 2,670 2,916,000,000 2,898,000,000 2,513,000,000 3,610 2,686,000,000 2,817,000,000 2,800,000,000 2,800 1,989 2,084,000,000 2,800 2,198,000,000 2,198 1,734,000,000 1,685,000,000 1,483,000,000 1,483 
        restricted cash
      		15,000,000 15,000,000 20,000,000 20,000,000 11,000,000 11 7,000,000 31,000,000 31 10,000,000 11,000,000 41,000,000 34                  
        cash and cash equivalents
      		11,255,000,000 11,255,000,000 10,999,000,000 10,999,000,000 12,022,000,000 13,164 12,251,000,000 10,218,000,000 13,567 12,381,000,000 12,950,000,000 12,129,000,000 9,555 8,582,000,000 10,044,000,000 8,353,000,000 6,591 5,078,000,000 10,274,000,000 11,128,000,000 11,128 11,776 12,266,000,000 11,128 15,426,000,000 15,426 20,036,000,000 19,350,000,000 17,356,000,000 17,356 
        total assets
      		104,866,000,000 104,866,000,000 107,873,000,000 107,873,000,000 98,084,000,000 90,444 82,405,000,000 79,176,000,000 75,536 72,956,000,000 72,466,000,000 69,113,000,000 67,009 66,755,000,000 66,308,000,000 65,997,000,000 67,254 66,392,000,000 68,105,000,000 68,273,000,000 68,273 58,359 52,456,000,000 68,273 52,678,000,000 52,678 49,941,000,000 48,892,000,000 44,605,000,000 44,605 
        equity
      		                              
        equity attributable to equity holders of the company
      		                             37,721 
        share capital
      		2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2 2,000,000 2,000,000 2 2,000,000 2,000,000 2,000,000 2 2,000,000 2,000,000 2,000,000 2 2,000,000 2,000,000 2,000,000 2 2 2,000,000 2 2,000,000 2 2,000,000 2,000,000 2,000,000 2 
        additional paid-in capital
      		29,895,000,000 29,895,000,000 29,463,000,000 29,463,000,000 29,176,000,000 29,035 36,643,000,000 36,559,000,000 36,576 36,595,000,000 36,528,000,000 36,447,000,000 36,456 36,493,000,000 36,379,000,000 36,187,000,000 36,238 36,236,000,000 35,831,000,000 35,044,000,000 35,044 34,745 34,570,000,000 35,044 34,425,000,000 34,425 34,310,000,000 34,166,000,000  33,776 
        shares held for share award schemes
      		-794,000,000 -794,000,000 -545,000,000 -545,000,000 -540,000,000 -520 -353,000,000 -327,000,000 -302 -297,000,000 -247,000,000 -227,000,000 -202 -200,000,000 -193,000,000 -186,000,000 -183 -178,000,000 -127,000,000 -78,000,000 -78 -62 -48,000,000 -78 -31,000,000 -31 -29,000,000 -19,000,000   
        treasury shares
      		-664,000,000 -664,000,000 -939,000,000 -939,000,000 -1,009,000,000 -550 -7,067,000,000 -7,196,000,000 -6,996 -6,539,000,000 -5,991,000,000 -6,088,000,000 -6,349 -5,445,000,000 -4,631,000,000 -3,664,000,000 -3,660 -3,361,000,000 -461,000,000 -134,000,000 -134 -134 -129,000,000 -134       
        other reserves
      		27,124,000,000 27,124,000,000 30,861,000,000 30,861,000,000 22,966,000,000 19,845 15,464,000,000 11,887,000,000 9,658 8,507,000,000 8,787,000,000 7,646,000,000 6,140 5,404,000,000 22,000,000 1,290,000,000 3,726 3,594,000,000 4,929,000,000 6,300,000,000 6,300 5,831 1,578,000,000 6,300 2,187,000,000 2,187 1,277,000,000 1,822,000,000 903,000,000 903 
        retained earnings
      		27,188,000,000 27,188,000,000 25,036,000,000 25,036,000,000 22,642,000,000 20,051 16,520,000,000 18,391,000,000 16,969 15,666,000,000 14,498,000,000 13,200,000,000 12,052 10,970,000,000 15,659,000,000 14,803,000,000 14,194 13,660,000,000 12,037,000,000 11,111,000,000 11,111 8,833 7,894,000,000 11,111 7,007,000,000 7,007 5,980,000,000 4,954,000,000 3,040,000,000 3,040 
        non-controlling interests
      		2,682,000,000 2,682,000,000 2,497,000,000 2,497,000,000 1,962,000,000 1,863 1,670,000,000 1,439,000,000 1,295 1,234,000,000 1,135,000,000 1,083,000,000 1,028 1,070,000,000 1,038,000,000 789,000,000 738 662,000,000 532,000,000 486,000,000 486 101 87,000,000 486 88,000,000 88 95,000,000 99,000,000 51,000,000 51 
        total equity
      		85,433,000,000 85,433,000,000 86,375,000,000 86,375,000,000 75,199,000,000 69,726 62,879,000,000 60,755,000,000 57,202 55,168,000,000 54,712,000,000 52,063,000,000 49,127 48,294,000,000 48,276,000,000 49,221,000,000 51,055 50,615,000,000 52,743,000,000 52,731,000,000 52,731 49,316 43,954,000,000 52,731 43,678,000,000 43,678 41,635,000,000 41,024,000,000 37,772,000,000 37,772 
        liabilities
      		                              
        non-current liabilities
      		                              
        notes payables
      		3,534,000,000 3,534,000,000 3,559,000,000 3,559,000,000 3,568,000,000 2,154 5,674,000,000 5,647,000,000  5,712,000,000 5,747,000,000 5,463,000,000  5,641,000,000 5,331,000,000 5,041,000,000   5,213,000,000            
        other payables and other liabilities
      		365,000,000 365,000,000 345,000,000 345,000,000 4,854,000,000 3,381 3,201,000,000 2,936,000,000 3,472 3,204,000,000 3,215,000,000 1,000,000 6 6,000,000 14,000,000 22,000,000 32 40,000,000 58,000,000 68,000,000 68 102 111,000,000 68 68,000,000 68 346,000,000 329,000,000   
        deferred tax liabilities
      		679,000,000 679,000,000 616,000,000 616,000,000 227,000,000 198 267,000,000 174,000,000 239 206,000,000 147,000,000 193,000,000 211 219,000,000 250,000,000 254,000,000 271 253,000,000 207,000,000 265,000,000 265 236 242,000,000 265 297,000,000 297 242,000,000 258,000,000  354 
        lease liabilities
      		227,000,000 227,000,000 232,000,000 232,000,000 251,000,000 219 243,000,000 257,000,000 297 320,000,000 254,000,000 284,000,000 306 349,000,000 378,000,000 199,000,000 205 203,000,000 203,000,000 218,000,000 218 62 65,000,000 218 78,000,000 78     
        deferred revenue
      		280,000,000 280,000,000 250,000,000 250,000,000 209,000,000 179 163,000,000 156,000,000 148 137,000,000 165,000,000 129,000,000 106 108,000,000 110,000,000 105,000,000 86 80,000,000 77,000,000 78,000,000 78 78 81,000,000 78 67,000,000 67 1,617,000,000 1,453,000,000 1,431,000,000 1,431 
        current liabilities
      		                              
        accounts payable
      		6,619,000,000 6,619,000,000 6,956,000,000 6,956,000,000 7,296,000,000 6,879 6,218,000,000 5,493,000,000 5,006 5,050,000,000 5,217,000,000 5,320,000,000 4,998 4,838,000,000 48,000,000 93,000,000 93 93,000,000 136,000,000 136,000,000 136 136 2,644,000,000 136 2,559,000,000 2,559 2,496,000,000 2,453,000,000 1,830,000,000 1,830 
        current tax liabilities
      		948,000,000 948,000,000 851,000,000 851,000,000 911,000,000 934 696,000,000 670,000,000 567 491,000,000 461,000,000 414,000,000 404 476,000,000 393,000,000 425,000,000 363 407,000,000 602,000,000 445,000,000 445 399 484,000,000 445 386,000,000 386 377,000,000 357,000,000 235,000,000 235 
        total liabilities
      		19,433,000,000 19,433,000,000 21,498,000,000 21,498,000,000 22,885,000,000 20,718 19,526,000,000 18,421,000,000 18,334 17,788,000,000 17,754,000,000 17,050,000,000 17,882 18,461,000,000 18,032,000,000 16,776,000,000 16,199 15,777,000,000 15,362,000,000 15,542,000,000 15,542 9,043 8,502,000,000 15,542 9,000,000,000 9,000 8,306,000,000 7,868,000,000 6,833,000,000 6,833 
        total equity and liabilities
      		104,866,000,000 104,866,000,000 107,873,000,000 107,873,000,000 98,084,000,000 90,444 82,405,000,000 79,176,000,000 75,536 72,956,000,000 72,466,000,000 69,113,000,000 67,009 66,755,000,000 66,308,000,000 65,997,000,000 67,254 66,392,000,000 68,105,000,000 68,273,000,000 68,273 58,359 52,456,000,000 68,273 52,678,000,000 52,678 49,941,000,000 48,892,000,000 44,605,000,000 44,605 
        rmb
      		                              
        audited
      		                              
        notes payable
      		     3,572   5,636    5,536    5,062 5,148,000,000  5,175,000,000 5,175   5,175       
        short-term investments
      		      1,001,000,000        1,116,000,000 1,088,000,000 1,029 1,142,000,000 2,517,000,000   12 10,000,000  6,000,000 6 16,000,000  42,000,000 42 
        land use right
      		                1,495              
        prepayments and deposits
      		                          850,000,000 892,000,000 901,000,000  
        lease liability
      		                          86,000,000 81,000,000   
        share premium
      		                            33,776,000,000  
        other payables
      		                            241,000,000 241 
        deferred income tax liabilities
      		                            354,000,000  
        other payables and accruals
      		                            2,742,000,000 2,742 
        available-for-sale financial assets
      		                              
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-05-11 2019-12-31 2019-11-12 
                               
          assets
        		                       
          non-current assets
        		                       
          property, plant and equipment
        		                    24,000,000  -131,000,000 
          land use rights
        		                       
          right-of-use assets
        		                    18,000,000  -119,000,000 
          intangible assets
        		                    228,000,000  -1,440,000,000 
          goodwill
        		                    2,421,000,000  -14,742,000,000 
          investments accounted for using equity method
        		                    287,000,000  -348,000,000 
          financial assets at fair value through other comprehensive income
        		                    520,000,000  -3,817,000,000 
          other investments
        		                    31,000,000  -187,000,000 
          prepayments, deposits and other assets
        		                    139,000,000  -1,806,000,000 
          deferred tax assets
        		                    27,000,000  -105,000,000 
          term deposits
        		                    143,000,000  -480,000,000 
          current assets
        		                       
          inventories
        		                    4,000,000  -23,000,000 
          accounts receivable
        		                    294,000,000  -1,442,000,000 
          restricted cash
        		                       
          cash and cash equivalents
        		                    1,732,000,000  -16,547,000,000 
          total assets
        		                    7,408,000,000  -41,905,000,000 
          equity
        		                       
          equity attributable to equity holders of the company
        		                       
          share capital
        		                       
          additional paid-in capital
        		                    4,882,000,000  -29,366,000,000 
          shares held for share award schemes
        		                       
          treasury shares
        		                    -18,000,000   
          other reserves
        		                    223,000,000  -1,643,000,000 
          retained earnings
        		                    1,115,000,000  -4,117,000,000 
          non-controlling interests
        		                    12,000,000  12,000,000 
          total equity
        		                    6,207,000,000  -35,199,000,000 
          liabilities
        		                       
          non-current liabilities
        		                       
          notes payables
        		                       
          other payables and other liabilities
        		                    16,000,000  -281,000,000 
          deferred tax liabilities
        		                    34,000,000  -224,000,000 
          lease liabilities
        		                    9,000,000   
          deferred revenue
        		                    11,000,000  -1,227,000,000 
          current liabilities
        		                       
          accounts payable
        		                    373,000,000  -2,104,000,000 
          current tax liabilities
        		                    68,000,000  -304,000,000 
          total liabilities
        		                    1,201,000,000  -6,706,000,000 
          total equity and liabilities
        		                    7,408,000,000  -41,905,000,000 
          net cash from operating activities
        		2,045,000,000 -881,000,000 2,519,000,000 258,000,000 2,686,000,000  -626,000,000 215,000,000 1,852,000,000  11,000,000 -1,253,000,000 2,494,000,000  651,000,000 -934,000,000 1,878,000,000    151,000,000  -1,700,000,000 
          capital expenditures
        		0 0 0 0 0  0 0 0  0 0 0  0 0 0    0  0 
          free cash flows
        		2,045,000,000 -881,000,000 2,519,000,000 258,000,000 2,686,000,000  -626,000,000 215,000,000 1,852,000,000  11,000,000 -1,253,000,000 2,494,000,000  651,000,000 -934,000,000 1,878,000,000    151,000,000  -1,700,000,000 
          net cash from investing activities
        		-611,000,000  -3,221,000,000          -329,000,000  1,229,000,000 -539,000,000 -2,382,000,000    -578,000,000  -2,654,000,000 
          net cash from financing activities
        		-66,000,000 -1,600,000,000 -456,000,000 -1,089,000,000 -522,000,000  -816,000,000 47,000,000 -80,000,000  -695,000,000 -578,000,000 -395,000,000   -1,029,000,000 -372,000,000    -19,000,000  16,000,000 
          net increase in cash and cash equivalents
        		       -1,888,000,000 2,583,000,000             -99,001,933 -4,338,000,000 
          cash and cash equivalents at beginning of the period
        		-1,023,000,000 -1,142,000,000 13,164,000,000 -3,349,000,000 13,567,000,000  821,000,000 2,574,000,000 9,555,000,000  1,691,000,000 1,762,000,000 6,591,000,000  -3,452,000,000 -854,000,000 11,128,000,000  11,775,984,574 -2,178,984,574 2,179,000,000  -11,997,000,000 
          exchange differences on cash and cash equivalents
        		-89,000,000 12,000,000 16,000,000 22,000,000 -15,000,000 19,000,076 -145,000,000   -8 8,000,000 197,000,000 -8,000,000 -4,000,067 78,000,000 -96,000,000 22,000,000 184,999,731 -185,000,169     
          cash and cash equivalents at end of the period
        		256,000,000 -1,023,000,000 12,022,000,000 2,033,000,000 10,218,000,000  -569,000,000 821,000,000 12,129,000,000  -1,462,000,000 1,691,000,000 8,353,000,000  -1,744,000,000 -3,452,000,000 10,274,000,000  9,640,988,224 -1,731,988,224 1,732,000,000  -16,547,000,000 
          net (decrease)/increase in cash and cash equivalents
        		     550,003,936    1,770 -3,161,000,000 -268,000,000 1,770,000,000           
          tencent music entertainment group
        		                       
          condensed consolidated statements of cash flows
        		                       
          net cash provided by/(used in) investing activities
        		    -5,498,000,000                   
          net increase/(decrease) in cash and cash equivalents
        		   5,360,000,000 -3,334,000,000                   
          net decrease in cash and cash equivalents
        		  -1,158,000,000           1,747,995,530 1,630,000,000 -2,502,000,000 -876,000,000    -446,000,000   
          cash flows from operating activities
        		                       
          cash generated from operations
        		         2,450              
          interest received
        		         132              
          income taxes paid
        		         -88              
          net cash inflow from operating activities
        		         2,494              
          cash flows from investing activities
        		                       
          net cash payment for business combination
        		                       
          purchase of property, plant and equipment
        		         -18              
          purchase of intangible assets
        		         -119              
          purchase of land use right
        		         -526              
          placement of short-term investments
        		         -70              
          receipt from short-term investments
        		         20              
          placement of term deposits with initial terms of over three months
        		         -5,811              
          receipt from maturity of term deposits with initial terms of over three months
        		         6,394              
          payments for disposal of subsidiaries
        		                       
          proceeds from disposal of investments accounted for using equity method
        		                       
          payments for acquisition of investments accounted for using equity method
        		         -89              
          payments for acquisition of investments accounted for as financial assets at fair value through profit or loss
        		                       
          payments for loan to third parties
        		                       
          receipts from repayments of loans to third parties
        		                       
          dividends received
        		                       
          capital reduction of an associate
        		                       
          other investing activities
        		         1              
          net cash outflow from investing activities
        		         -329              
          cash flows from financing activities
        		                       
          proceeds from exercise of share options
        		                       
          payments for acquisition of non-controlling interests in non-wholly owned subsidiaries
        		                       
          shares withheld for share award schemes
        		         -3              
          payments for repurchase of ordinary shares
        		                       
          dividends paid to the company's shareholders
        		                       
          dividends paid to non-controlling interests
        		                       
          proceeds from issuance of additional equity of non-wholly owned subsidiaries
        		         3              
          capital contribution from non-controlling interests
        		                       
          payments for interests
        		         -49              
          principal elements of lease payments
        		         -29              
          proceeds from other equity transactions
        		                       
          net cash outflow from financing activities
        		                       
          net increase/ (decrease) in cash and cash equivalents
        		                       
          cash and cash equivalents at beginning of the year
        		                       
          cash and cash equivalents at end of the year
        		                       
          net cash (used in)/provided by investing activities
        		        811,000,000               
          proceeds from disposal of subsidiaries
        		                       
          proceeds from disposal of investments accounted for as financial assets at fair value through profit or loss or other comprehensive income
        		                       
          payment for loan to third parties
        		                       
          dividend received
        		                       
          payment for repurchase of ordinary shares
        		         -319              
          net cash from /(used in) investing activities
        		                       
          payments for business combinations, net of cash acquired
        		         19              
          proceeds from disposal of investments accounted for as financial assets at fair value through profit or loss and other comprehensive income
        		                       
          payments for acquisition of other investments accounted for as financial assets at fair value through profit or loss
        		         -150              
          payments for acquisition of investments accounted for as financial assets at fair value through other comprehensive income
        		                       
          repayment for loans to a third party
        		                       
          receipts from repayments of loans to a third party
        		                       
          capital reduction from an associate
        		         20              
          loans from non-controlling interests
        		                       
          proceeds from issuance of ordinary shares
        		                       
          proceeds from exercise of share options/rsus
        		         2              
          net proceeds from issuance of notes
        		                       
          repayment for loan from non-controlling interests
        		                       
          net cash (outflow)/inflow from financing activities
        		         -395              
          cash and cash equivalents at beginning of the year/period
        		         6,591              
          cash and cash equivalents at end of the year/period
        		         8,353              
          net proceeds/
        		                       
          payment for loans to a third party
        		                       
          payment for loan from non-controlling interests
        		                       
          net cash provided by/(used in) financing activities
        		                       
          profit for the period/year
        		                       
          adjustments:
        		                       
          amortization of intangible and other assets arising from business combinations*
        		                    88,000,000  1,000,000 
          share-based compensation
        		                    137,000,000  10,000,000 
          losses from investments**
        		                       
          fair value change on puttable shares ***
        		                       
          income tax effects****
        		                       
          non-ifrs net profit
        		                    1,103,000,000  105,000,000 
          attributable to:
        		                       
          equity holders of the company
        		                    1,104,000,000  109,000,000 
          earnings per share for class a and class b ordinary shares
        		                       
          basic
        		                    330,000  30,000 
          diluted
        		                    330,000  30,000 
          earnings per ads
        		                       
          shares used in earnings per class a and class b ordinary share computation:
        		                       
          ads used in earnings per ads computation
        		                       
          consolidated balance sheet
        		                       
          short-term investments
        		                    1,000,000   
          notes payable
        		                       
          cash and cash equivalents at beginning of the period/year
        		                       
          cash and cash equivalents at end of the period/year
        		                       
          payments for settlement of pre-acquisition dividends payable of cmc
        		                       
          cash acquired from business combinations under common control
        		                       
          net proceeds from short term investments
        		                       
          proceeds from disposal of a subsidiary
        		                       
          proceeds from issues of ordinary shares
        		                       
          proceeds from issues of puttable shares
        		                       
          proceeds from issues of ordinary shares to music label partners
        		                       
          net proceeds from issues of ordinary shares upon initial public offering
        		                       
          net cash inflow/(outflow) from financing activities
        		                       
          net proceeds from/(purchase of) short term investments
        		                       
          payments for acquisition investments accounted for using equity method
        		                       
          payments for acquisition of financial assets at fair value through other comprehensive income
        		                       
          payments for acquisition of financial assets at fair value through profit or loss
        		                       
          payments for loans to third parties
        		                       
          repayments of loans by third parties
        		                       
          loans from third parties
        		                       
          payment for interest in relation to non-current liabilities
        		                       
          payments of principal elements and related interest of lease
        		                       
          profit for the period
        		                    886,000,000  95,000,000 
          gains from investments
        		                       
          fair value change on puttable shares **
        		                    9,000,000  0 
          income tax effects***
        		                    -17,000,000  -1,000,000 
          share-based payments in respect of issuance of ordinary shares to music label partners**
        		                       
          losses from investments
        		                       
          payments for settlement of pre-acquisition dividends payables of cmc
        		                       
          deemed contributions arising from carve out of tencent music business
        		                       
          net cash inflow from financing activities
        		                       
          prepayments and deposits
        		                      -773,000,000 
          lease liability
        		                      -69,000,000 
          exchange gains on cash and cash equivalents
        		                       
          net cash acquired from/(payment for) business combination
        		                       
          loan to a third party
        		                       
          purchase of additional equity interests in a subsidiary
        		                       
          net cash inflow/(outflow) from investing activities
        		                       
          deemed (distribution)/contributions arising from carve out of tencent prc music business
        		                       
          exercise of share options
        		                       
          exchange losses on cash and cash equivalents
        		                       
          cash and cash equivalents at end of year