Tencent Music Entertainment Group (Tencent Music Entertainment Group) 3-Year Revenue Growth Rate : -2.60% (As of Dec. 2023)

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What is Tencent Music Entertainment Group 3-Year Revenue Growth Rate?

Tencent Music Entertainment Group's Revenue per Share for the three months ended in Dec. 2023 was $0.61.

During the past 12 months, Tencent Music Entertainment Group's average Revenue per Share Growth Rate 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 the average Revenue per Share growth rate.

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

Competitive Comparison of Tencent Music Entertainment Group's 3-Year Revenue Growth Rate

For the Internet Content & Information subindustry, Tencent Music Entertainment Group's 3-Year Revenue Growth Rate, along with its competitors' market caps and 3-Year Revenue Growth Rate 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 3-Year Revenue Growth Rate Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Tencent Music Entertainment Group's 3-Year Revenue Growth Rate distribution charts can be found below:

* The bar in red indicates where Tencent Music Entertainment Group's 3-Year Revenue Growth Rate falls into.

Tencent Music Entertainment Group 3-Year Revenue Growth Rate Calculation

This is the 3-year average growth rate of Revenue per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

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 the average Revenue per Share growth rate.

Tencent Music Entertainment Group (NYSE:TME) 3-Year Revenue Growth Rate Explanation

Revenue per Share is the amount of Revenue per outstanding share of the company's stock.

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 per share growth rate is used in calculating Predictability Rank, companies with more consistent revenue and earnings growth are ranked high with predictability.

Tencent Music Entertainment Group 3-Year Revenue Growth Rate 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 » 3-Year Revenue Growth Rate

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.