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Tencent Music Entertainment Group - ADR
Previous close
$10.47
Day range
$10.31 - $10.72
Year range
$5.96 - $15.77
Market cap
8.69B USD
Avg Volume
9.67M
Primary exchange
NYSE
Market news
Financials
Income Statement
Revenue
Net income
(CNY) | Jun 2024info | Y/Y change |
---|---|---|
Revenue | 7.16B | -1.73% |
Operating expense | 1.12B | -8.75% |
Net income | 1.68B | 29.58% |
Net profit margin | 23.49 | 31.89% |
Earnings per share | 0.65 | -32.83% |
EBITDA | 2.07B | 38.96% |
Effective tax rate | 19.41% | — |
Balance Sheet
Total assets
Total liabilities
(CNY) | Jun 2024info | Y/Y change |
---|---|---|
Cash and short-term investments | 24.55B | 6.79% |
Total assets | 82.40B | 13.72% |
Total liabilities | 19.53B | 9.98% |
Total equity | 62.88B | — |
Shares outstanding | 1.54B | — |
Price to book | 0.26 | — |
Return on assets | 5.86% | — |
Return on capital | 6.98% | — |
Cash Flow
Net change in cash
(CNY) | Jun 2024info | Y/Y change |
---|---|---|
Net income | 1.68B | 29.58% |
Cash from operations | 2.94B | 42.43% |
Cash from investing | 693.00M | 151.76% |
Cash from financing | -1.61B | -4,781.82% |
Net change in cash | 2.03B | 147.62% |
Free cash flow | 1.98B | 75.84% |
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
5,185