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Tencent Music Entertainment Group - ADR
Previous close
$11.27
Day range
$11.32 - $11.71
Year range
$5.70 - $12.00
Market cap
19.83B USD
Avg Volume
8.25M
Primary exchange
NYSE
Financials
Income Statement
Revenue
Net income
| (CNY) | Dec 2023info | Y/Y change |
|---|---|---|
Revenue | 6.89B | -7.16% |
Operating expense | 1.20B | -17.82% |
Net income | 1.31B | 13.47% |
Net profit margin | 18.95 | 22.26% |
Earnings per share | 1.00 | -2.99% |
EBITDA | 1.66B | 37.90% |
Effective tax rate | 17.31% | — |
Balance Sheet
Total assets
Total liabilities
| (CNY) | Dec 2023info | Y/Y change |
|---|---|---|
Cash and short-term investments | 23.54B | 12.73% |
Total assets | 75.54B | 12.73% |
Total liabilities | 18.33B | 2.53% |
Total equity | 57.20B | — |
Shares outstanding | 1.55B | — |
Price to book | 0.31 | — |
Return on assets | 4.84% | — |
Return on capital | 5.77% | — |
Cash Flow
Net change in cash
| (CNY) | Dec 2023info | Y/Y change |
|---|---|---|
Net income | 1.31B | 13.47% |
Cash from operations | 1.98B | -20.73% |
Cash from investing | -193.00M | 82.58% |
Cash from financing | -576.00M | -50.39% |
Net change in cash | 1.19B | 21.89% |
Free cash flow | 1.12B | -40.98% |
About
Tencent Music Entertainment Group is a company that develops music streaming services for the Chinese market. Tencent Music's apps include QQ Music, Kugou, Kuwo, and WeSing; which have more than 800 million active users and 120 million paying subscribers. As of July 2016, Tencent Music's three services held an estimated 56% market share of music streaming services in China.
In the first quarter of 2021, Tencent Music announced it had 60.9 million paying users, up 42.6% compared to the 42.7 million paying users in the first quarter of 2020. In addition, the total number of music streaming users was announced to be 615 million, a drop of 6.4% compared to the first quarter of 2020. Wikipedia
Founded
Jul 2016
Headquarters
Website
Employees
5,805
