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Tencent Music Entertainment Group

1698.HK

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue
3,692
Cost of Revenue
2,129
Gross Profit
1,563
Gross Margin
42.3%
Operating Income
1,132
Operating Margin
30.7%
Net Income
864
Net Margin
23.4%
EPS (Basic)
$0.00
EPS (Diluted)
$0.00
EBITDA
1,276
EBITDA Margin
34.6%

2023

12/31/2023

Revenue
3,608
Cost of Revenue
2,334
Gross Profit
1,273
Gross Margin
35.3%
Operating Income
788
Operating Margin
21.8%
Net Income
640
Net Margin
17.7%
EPS (Basic)
$0.00
EPS (Diluted)
$0.00
EBITDA
932
EBITDA Margin
25.8%

2022

12/31/2022

Revenue
3,684
Cost of Revenue
2,544
Gross Profit
1,140
Gross Margin
31.0%
Operating Income
578
Operating Margin
15.7%
Net Income
478
Net Margin
13.0%
EPS (Basic)
$0.00
EPS (Diluted)
$0.00
EBITDA
734
EBITDA Margin
19.9%

2021

12/31/2021

Revenue
4,062
Cost of Revenue
2,839
Gross Profit
1,223
Gross Margin
30.1%
Operating Income
494
Operating Margin
12.2%
Net Income
394
Net Margin
9.7%
EPS (Basic)
$0.00
EPS (Diluted)
$0.00
EBITDA
618
EBITDA Margin
15.2%

2020

12/31/2020

Revenue
3,790
Cost of Revenue
2,581
Gross Profit
1,209
Gross Margin
31.9%
Operating Income
612
Operating Margin
16.2%
Net Income
540
Net Margin
14.3%
EPS (Basic)
$0.00
EPS (Diluted)
$0.00
EBITDA
722
EBITDA Margin
19.1%