Tencent Music Entertainment Group (TME) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	33.0B	32.9B	28.4B	27.8B	28.3B
Cost of Revenue	14.3B	18.4B	16.4B	18.0B	19.6B
Gross Profit	18.7B	14.5B	12.0B	9.8B	8.8B
Operating Expenses
R&D Expense	—	2.3B	—	2.5B	2.6B
SG&A Expense	2.7B	2.5B	4.7B	5.0B	5.6B
General & Admin Expense	1.7B	1.6B	3.8B	4.1B	4.4B
Selling & Marketing Expense	1.0B	941.0M	865.0M	897.0M	1.1B
Other Expenses	5.3B	(59.0M)	(1.4B)	(3.8B)	(3.8B)
Total Operating Expenses	8.0B	4.8B	3.3B	3.7B	4.3B
Cost and Expenses	22.3B	23.2B	19.7B	21.7B	23.9B
Operating Income (EBIT)	10.7B	9.7B	8.7B	6.1B	4.4B
Non-Operating
Interest Income	942.8M	1.1B	1.2B	1.1B	711.0M
Interest Expense	134.2M	122.0M	124.0M	124.0M	115.0M
Net Interest Income	808.6M	932.0M	1.1B	928.0M	596.0M
Other Non-Op Income/Expense	60.8M	3.5B	2.0M	(14.0M)	(70.0M)
Non-Operating Income (excl Interest)	(2.5B)	(3.7B)	(126.0M)	1.1B	(45.0M)
EBT (Pre-Tax Income)	10.7B	13.3B	8.7B	6.0B	4.4B
Income Tax Expense	1.9B	1.9B	1.6B	825.0M	534.0M
Bottom Line
Net Income	8.6B	11.1B	6.6B	4.9B	3.7B
Earnings from Cont. Ops	8.9B	11.4B	7.1B	5.2B	3.8B
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	8.6B	11.1B	6.6B	4.9B	3.7B
Per Share
Basic EPS	$5.56	$7.00	$4.30	$3.16	$2.30
Diluted EPS	$5.50	$6.92	$4.24	$3.10	$2.28
Revenue Per Share	$21.41	$21.45	$18.14	$17.52	$17.69
Shares
Basic Shares Outstanding	1.5B	1.5B	1.6B	1.6B	1.6B
Diluted Shares Outstanding	1.6B	1.6B	1.6B	1.6B	1.6B
Profitability Metrics
EBITDA	14.9B	14.8B	9.8B	5.7B	5.6B
D&A	1.7B	1.4B	978.0M	720.0M	1.2B
EBIT	13.2B	13.4B	8.8B	5.0B	4.5B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026