Company data sheet · Tencent Music Entertainment Group
Tencent Music Entertainment Group: growth far beyond its economy.
- Industry
- Radio Broadcasting Stations
- Headquarters
- China
- Ticker
- TME (NYSE)
- Sources
- SEC filings (2018–2026), Stratrix's verified Decision Cases, market data and official economic statistics for China
- Data as of
- October 18, 2026
- It outgrew its own economy many times over. Revenue rose from CN¥4.4 billion in 2016 to CN¥28.4 billion in 2024: 6.5 times as much. China's economy, counted the same way in money terms, grew about 74%. Whatever drove it, the economy around it does not account for growth of that size.
- Ahead of almost everyone like it. From 2016 to 2024, its revenue grew 501% in US dollars; the median among 223 large transportation and utility companies grew 48%. It outgrew 95% of them.
- Profitable every year. Tencent Music Entertainment Group made money in each of its last nine fiscal years, from CN¥0.1 billion (2016) to CN¥6.6 billion (2024).
Financial results
| Fiscal year | Revenue | Net income | |
|---|---|---|---|
| 2016 | CN¥4.4 billion | CN¥0.1 billion | |
| 2017 | CN¥11 billion | CN¥1.3 billion | |
| 2018 | CN¥19 billion | CN¥1.8 billion | |
| 2019 | CN¥25.4 billion | CN¥4 billion | |
| 2020 | CN¥29.2 billion | CN¥4.2 billion | |
| 2021 | CN¥31.2 billion | CN¥3 billion | |
| 2022 | CN¥28.3 billion | CN¥3.7 billion | |
| 2023 | CN¥27.8 billion | CN¥4.9 billion | |
| 2024 | CN¥28.4 billion | CN¥6.6 billion |
As reported in its annual filings, in CNY. Losses in red.
The full data sheet · Data Plan
Everything behind these findings, ready for your board deck.
- Economic context: 3 measures for China, every year since 2016, from the official sources.
- Peer comparison: against 404 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
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