Pricing Log in Create free account
Friday 6 November 2026 Export TME’s income statement to Excel — free account

Tencent Music Entertainment Group Sponsored ADR

TME Communication Services Internet Content & Information

Tencent Music Entertainment Group Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $4.6 billion, up 15.8% from fiscal 2024.

Revenue
+11.8%
EPS
+4.55%
Free cash flow
+83.7%
Total debt
+212.5%

Quarter to June 2026, against a year earlier

9.44 0.04 −0.42%
Market cap
$6.0B
P/E
11.4×
Fwd P/E
9.8×
Dividend yield
2.54%
F-score
8/9
Altman Z
7.20
Beneish M
−2.22
Dividend safety
77/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 59.69%

Capital & Financial Ratios $m

Size
Market Cap 5,960.00
Revenue ttm 4,846.67
Net income ttm 1,846.83
Free cash flow ttm 1,609.13
Net debt Q (2,966.00)
Valuation
P/E 11.37
Forward P/E 9.79
Price / sales 3.05
Forward P/S Powerpack
Price / FCF 14.71
Price / book 1.24
Financial health
Current ratio Q 1.74 (at or above 1.5: strong)
Debt / equity Q 0.13 (at or below 0.5: strong)
Interest coverage Q 391.00
Growth
Revenue growth Q +11.80% (above 0%: growing)
Operating income growth Q +8.01% (above 0%: growing)
EPS, this year −17.73% (below 0%: weak)
EPS, next year A +7.83%
Revenue, next year A +16.00% (at or above 10%: strong)
EPS, past 5 yrs +21.83% (at or above 15%: strong)
EPS, next 5 yrs A −0.69% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.4×, against a ten-year median of 3.8×; over the ten years it ranged from 0.9× in 2022 to 9.7× in 2021.
P/E against its own 10 years 7.17%
10-year low 10-year high
P/S against its own 10 years 35.72%
10-year low 10-year high
P/B against its own 10 years 14.49%
10-year low 10-year high
EV/Sales against its own 10 years 34.60%
10-year low 10-year high
EV/FCF against its own 10 years 13.91%
10-year low 10-year high

Dividends raised every year since 2024

Yield
2.54%
Annual rate
0.24
Payout ratio
29.6%
Growth, 2024–26
+32.4%/yr
  1. 0.14 ’24
  2. 0.18 ’25 +31
  3. 0.24 ’26 +33
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 3,331 3,786 3,384 4,519
Receivables 412 488 543 617
Inventory 1 3 6 14
Other — — — —
4,230 4,805 4,515 5,849
2023 2024 2025 Q'26
Payables 707 957 874 990
ST’ Debt — — — —
Other — — — —
1,698 2,302 2,029 3,352

Compound Annual Growth %

10y 5y 3y
Sales — 1.62% 2.81%
Cash Flow — 14.99% 8.58%
Earnings — 20.63% 41.19%
Book Value — 8.62% 16.53%

Earnings Trends EPS, adjusted, against the consensus

Jun 2026 Estimate 0.24 Actual 0.25

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Sep 2025 0.21 0.22 Beat by 0.01
Dec 2025 0.23 0.23 Met by 0.00
Mar 2026 0.21 0.21 Met by 0.00
Jun 2026 0.24 0.25 Beat by 0.01
Sep 2026 0.22 — Reports 17 November 2026

EPS $

Mar Jun Sep Dec Year
’26 0.19 0.23 — — —
’25 0.38 0.22 0.19 0.20 1.02
’24 0.13 0.15 — — 0.58
’23 0.11 0.11 0.10 0.12 0.44
’22 0.06 0.08 0.09 0.11 0.33
’21 0.08 0.08 0.07 0.05 0.28
’20 0.07 0.08 0.10 0.11 0.38
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,145 1,317 — — —
’25 1,014 1,178 1,189 1,196 4,577
’24 937 985 — — 3,951
’23 1,020 1,005 900 996 3,921
’22 1,048 1,031 1,035 1,097 4,211
’21 1,194 1,240 1,211 1,198 4,843
’20 891 981 1,116 1,236 4,224
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 338 428 — — —
’25 347 233 521 322 1,423
’24 372 403 — — 1,429
’23 270 270 195 302 1,037
’22 393 172 136 411 1,112
’21 287 150 249 126 812
’20 151 202 92 263 708
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 338 428 — — —
’25 347 233 521 280 1,258
’24 372 403 — — 1,286
’23 270 270 195 278 872
’22 393 165 136 398 955
’21 287 150 249 101 618
’20 151 193 92 247 635
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 656 1,625 2,869 3,680 4,224 4,843 4,211 3,921 3,951 4,577 4,847 +24.1% 5,309 5,732 6,130 +10.2%
Gross margin, % 23.78 34.70 38.33 34.10 31.91 30.10 30.96 35.29 42.34 44.18 44.34 +20.4 pt
EBT 16 236 303 657 671 563 650 854 1,212 1,847 1,593 +69.5%
EBT margin, % 2.44 14.54 10.55 17.85 15.89 11.62 15.43 21.78 30.67 40.35 32.86 +37.9 pt
Net income 12 236 303 657 671 563 650 854 1,212 1,847 1,847 +75.0%
Per share, $
Per share, $ Revenue 0.40 1.25 1.87 2.25 2.55 2.92 2.63 2.51 2.56 2.98 3.10 +25.1%
Earnings 0.00 0.15 0.17 0.35 0.38 0.29 0.33 0.44 0.59 1.03 0.83 n/m
Cash flow 0.08 0.29 0.55 0.55 0.43 0.49 0.69 0.66 0.93 0.93 1.03 +31.4%
Capex 0.00 (0.01) (0.01) (0.03) (0.04) (0.12) (0.10) (0.11) (0.09) (0.11) 0.00 n/m
Free cash flow 0.08 0.28 0.54 0.52 0.38 0.37 0.60 0.56 0.83 0.82 1.03 +29.6%
Book value 1.80 2.98 3.71 3.86 4.61 4.77 4.56 5.18 6.29 7.53 7.64 +17.2%
Shares, m 1,648 1,297 1,538 1,636 1,657 1,661 1,602 1,561 1,542 1,534 1,544 (0.8%)
Valuation, ×
Valuation, × P/E 107.69 107.69 0.00 33.54 52.00 24.46 25.29 19.84 22.70 17.36 11.37 41.1
P/S 0.00 0.00 0.00 5.22 7.55 2.35 3.27 3.47 4.59 5.87 3.05 3.2
P/B 0.00 0.00 3.62 3.04 4.17 1.44 1.89 1.69 2.03 2.33 1.24 2.0
EV/Sales 0.00 0.00 0.00 4.34 6.83 1.86 2.73 2.83 3.91 5.24 2.43 2.8
EV/FCF 0.00 0.00 0.00 18.74 53.02 19.49 20.19 27.56 23.41 29.33 11.75 19.2
Cash, $m
Cash, $m Operating cash flow 131 370 851 897 708 812 1,112 1,037 1,429 1,423 1,609 +30.3%
Capex (6) (11) (22) (41) (73) (194) (156) (164) (144) (165) (605) +44.1%
Free cash flow 131 359 829 856 635 618 955 872 1,286 1,258 1,609 +28.5%
Balance, $m
Balance, $m Working capital 356 583 2,197 2,666 3,200 2,533 2,206 2,532 2,503 2,486 2,497 +24.1%
Net debt (479) (766) (2,635) (3,164) (3,021) (2,381) (2,286) (2,534) (3,289) (2,898) (2,966) +22.1%
Shareholders’ equity 2,968 3,870 5,707 6,320 7,641 7,914 7,300 8,083 9,699 11,552 11,949 +16.3%
Returns, %
Returns, % ROA 0.30 5.01 4.95 8.02 6.87 4.62 5.36 6.74 7.95 11.46 7.91 +11.2 pt
ROIC 0.00 4.10 10.16 11.26 7.30 4.76 5.96 7.60 9.97 9.72 9.92 +9.7 pt
ROE 0.34 5.74 5.78 9.58 8.62 6.04 7.18 9.04 10.39 14.47 10.65 +14.1 pt
People
People Employees — 2,559 3,041 3,610 4,769 5,966 5,805 5,185 5,353 5,690 — +10.5%
Revenue/emp, $m 0.00 0.64 0.94 1.02 0.89 0.81 0.73 0.76 0.74 0.80 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026

Tencent Music Entertainment Group Sponsored ADR vs peers in Internet Content & Information (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MTCH Match Group Inc. $8.9B 12.7× 14.8× −2.52% (below 0%: shrinking) +13.45% (above 0%: growing) −0.54% (below 0%: shrinking) 76.83% 30.13% Compare
SNAP Snap Inc. $8.6B — (loss-making) — (loss-making) +14.31% (above 0%: growing) n/m +75.99% (above 0%: growing) 62.30% 4.45% Compare
BZ KANZHUN LIMITED Sponsored ADR $7.1B 12.2× 10.9× +20.45% (above 0%: growing) +186.36% (above 0%: growing) −2.73% (below 0%: shrinking) 86.97% 35.99% Compare
ZG Zillow Group, Inc. $6.9B — (loss-making) 61.2× +7.10% (above 0%: growing) n/m +83.08% (above 0%: growing) 71.27% (22.24%) Compare
Z Zillow Group, Inc. $6.8B — (loss-making) 139× +7.10% (above 0%: growing) n/m +83.08% (above 0%: growing) 71.27% (22.24%) Compare
TME Tencent Music Entertainment Group Sponsored ADR $6.0B 11.4× 9.8× +11.80% (above 0%: growing) +4.55% (above 0%: growing) +83.69% (above 0%: growing) 44.19% 29.69%
BILI Bilibili Inc. Sponsored ADR $4.8B 27.0× 22.6× +15.10% (above 0%: growing) +71.43% (above 0%: growing) +130.65% (above 0%: growing) 37.22% 4.70% Compare
CARG CarGurus, Inc. $3.2B 19.2× 15.8× +13.05% (above 0%: growing) +139.13% (above 0%: growing) +34.33% (above 0%: growing) 92.08% 25.10% Compare
PPLI People Incorporated $3.1B — (loss-making) 5.6× −3.64% (below 0%: shrinking) n/m +45.58% (above 0%: growing) 63.86% (0.71%) Compare
Median of peers $6.9B 15.9× 15.8× +10.08% +105.28% +60.79% 71.27% 4.58%

All 68 Internet Content & Information stocks →

Tencent Music Entertainment Group Sponsored ADR (TME) Latest News

20 Oct

Impact 3 · · PR Newswire

17 Oct

Impact 3 · · Simply Wall St.

4 Oct

Impact 3 · · Simply Wall St.

20 Sep

Impact 3 ·

16 Sep

Impact 3 · · The Motley Fool

10 Sep

Impact 3 ·

24 Aug

Impact 3 · · PR Newswire

19 Aug

Impact 4 ·

18 Aug

Impact 3 ·
Impact 3 ·

12 Aug

Impact 3 · transcript
Impact 3 ·
Impact 3 ·

11 Aug

Impact 4 ·
Impact 3 · · MarketBeat transcript
Impact 3 · · variety.com

15 May

Impact 4 · · Simply Wall St.
Impact 4 · · MarketBeat

13 May

Impact 4 · · Benzinga

12 May

Impact 4 · · GuruFocus.com
Impact 4 · · PR Newswire
Impact 3 · · InvestorsHub

23 Apr

Impact 3 · · PR Newswire

18 Apr

Impact 4 ·

14 Apr

Impact 3 · · Insider Monkey

31 Mar

Impact 3 · · Insider Monkey

28 Mar

Impact 4 · · PR Newswire
Impact 4 · · CNW Group

20 Mar

Impact 4 · · The Motley Fool

19 Mar

Impact 4 · · PR Newswire

TME metrics, ten years each

stockrow.com/TME · Data as of Oct 25, 2026 · For information only; not investment advice. · © 2026 stockrow.com