The financials
Tencent Music Entertainment Group by the numbers
Tencent Music Entertainment Group (TME) reported revenue of CNY 15.9B in H2 2020 (quarter ended December 31, 2020). That came with a gross margin of 32% and net income of CNY 2.33B (15% of revenue). For the full year FY2024, revenue was CNY 28.4B (+2.3% year on year) and net income CNY 6.64B.
| Income statement | H2 2020 |
|---|---|
| Revenue | CNY 15.9B |
| Gross profit | CNY 5.16B |
| Operating income | CNY 2.56B |
| Net income | CNY 2.33B |
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