Tencent Music Entertainment Group (Tencent Music Entertainment Group) Revenue : $3,899 Mil (TTM As of Dec. 2023)

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What is Tencent Music Entertainment Group Revenue?

Tencent Music Entertainment Group's revenue for the three months ended in Dec. 2023 was $965 Mil. Its revenue for the trailing twelve months (TTM) ended in Dec. 2023 was $3,899 Mil. Tencent Music Entertainment Group's Revenue per Share for the three months ended in Dec. 2023 was $0.61. Its Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $2.46.

Warning Sign:

Tencent Music Entertainment Group revenue per share has been in decline over the past 3 years.

During the past 12 months, the average Revenue per Share Growth Rate of Tencent Music Entertainment Group was -2.40% per year. During the past 3 years, the average Revenue per Share Growth Rate was -2.60% per year. During the past 5 years, the average Revenue per Share Growth Rate was 6.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get other companies' revenue growth rate using Revenue per Share data.

During the past 8 years, Tencent Music Entertainment Group's highest 3-Year average Revenue per Share Growth Rate was 77.90% per year. The lowest was -2.60% per year. And the median was 18.70% per year.

Tencent Music Entertainment Group Revenue Historical Data

The historical data trend for Tencent Music Entertainment Group's Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Tencent Music Entertainment Group Revenue Chart

Tencent Music Entertainment Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Revenue

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3,626.33

4,458.12

4,905.41

4,064.86

3,886.73

Tencent Music Entertainment Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Revenue	Get a 7-Day Free Trial															1,065.02	1,016.41	1,017.40	900.12	965.38

Competitive Comparison of Tencent Music Entertainment Group's Revenue

For the Internet Content & Information subindustry, Tencent Music Entertainment Group's Revenue, along with its competitors' market caps and Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tencent Music Entertainment Group's Revenue Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Tencent Music Entertainment Group's Revenue distribution charts can be found below:

* The bar in red indicates where Tencent Music Entertainment Group's Revenue falls into.

Tencent Music Entertainment Group Revenue Calculation

Also referred as sales, revenue is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. Revenue is often referred to as the "top line" due to its position on the income statement at the very top.

Revenue for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,899 Mil.

Tencent Music Entertainment Group (NYSE:TME) Revenue Explanation

In ranking the predictability, companies with more consistent revenue and earnings growth are ranked high with predictability.

Peter Lynch categorized companies according to their revenue growth:

Slow Grower: Inflation < 10-Year Revenue Growth Rate < 10%:
Stalwart: 10% < 10-Year Revenue Growth Rate < 20%:
Fast Grower: 10-Year Revenue Growth Rate > 20%:

His favorite companies are stalwart, those growing between 10-20% a year.

Companies in cyclical industries may see their revenue fluctuate wildly in good years and bad years.

Be Aware

Revenue can be manipulated by changing the way how revenue is booked. Companies may book sales before the payment is received, or before the revenue is fully earned. These will be added to balance sheet items such as account payable or account receivables.

Tencent Music Entertainment Group Revenue Related Terms

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Tencent Music Entertainment Group (Tencent Music Entertainment Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Tencent Music Entertainment Group (NYSE:TME) » Definitions » Revenue

Comparable Companies

Traded in Other Exchanges

01698:Hong Kong 0A2Z:UK 63TA:Germany

Address

Kexing Science Park, Kejizhongsan Avenue, Unit 3, Building D, Hi-Tech Park, Nanshan District, Shenzhen, CHN, 518057

Website

https://www.tencentmusic.com

TME is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing.