Tencent Music Entertainment Group
Income Statement
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Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Tencent Music Entertainment Group's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 2% to $27,752,000,000. The net income raised on $4,920,000,000 and profit margin reached 18%. Total operating expenses were $3,736,000,000.
Profit Margin
| 2016 | 4.36B | 82M | 1.88% |
|---|---|---|---|
| 2017 | 10.98B | 1.32B | 12.08% |
| 2018 | 18.98B | 1.83B | 9.65% |
| 2019 | 25.43B | 3.98B | 15.66% |
| 2020 | 29.15B | 4.15B | 14.25% |
| 2021 | 31.24B | 3.02B | 9.69% |
| 2022 | 28.33B | 3.67B | 12.98% |
| 2023 | 27.75B | 4.92B | 17.73% |
TME Income Statement (2016 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||
Revenue | 27.75B | 28.33B | 31.24B | 29.15B | 25.43B | 18.98B | 10.98B | 4.36B |
Cost of revenue | 17.95B | 19.56B | 21.84B | 19.85B | 16.76B | 11.70B | 7.17B | 3.12B |
Gross profit | 9.79B | 8.77B | 9.40B | 9.30B | 8.67B | 7.27B | 3.81B | 1.23B |
Operating exp. | ||||||||
Research and development | 0 | 2.58B | 2.33B | 1.66B | 1.15B | 0 | 797M | 0 |
Selling and marketing | 897M | 1.14B | 2.67B | 2.47B | 2.04B | 1.71B | 913M | 365M |
Total operating expenses | 3.73B | 5.55B | 6.68B | 5.57B | 4.74B | 3.97B | 2.40B | 1.13B |
Operating income | 6.05B | 4.44B | 2.75B | 4.71B | 4.62B | 2.03B | 1.59B | 103M |
Other income (expenses), net | -14M | -70M | 880M | -78M | -82M | -1.58B | 185M | -11M |
Income before tax | 6.04B | 4.37B | 3.63B | 4.63B | 4.54B | 2.00B | 1.59B | 114M |
Income tax expense | 825M | 534M | 417M | 456M | 563M | 171M | 278M | 29M |
Net income | 4.92B | 3.67B | 3.02B | 4.15B | 3.98B | 1.83B | 1.32B | 82M |
Earnings per share | ||||||||
Basic EPS | 3.1 | 1.15 | 1.82 | 2.5 | 2.43 | 1.19 | 0.82 | 0.05 |
Diluted EPS | 3.11 | 1.14 | 1.8 | 2.48 | 2.38 | 1.16 | 0.81 | 0.05 |
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