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Tencent Music Entertainment Group - ADR
Previous close
$14.72
Day range
$14.34 - $14.70
Year range
$5.70 - $15.77
Market cap
24.67B USD
Avg Volume
7.76M
Primary exchange
NYSE
Market news
Financials
Income Statement
Revenue
Net income
(CNY) | Mar 2024info | Y/Y change |
---|---|---|
Revenue | 6.77B | -3.37% |
Operating expense | 1.09B | -6.92% |
Net income | 1.42B | 23.87% |
Net profit margin | 21.01 | 28.19% |
Earnings per share | 1.09 | 22.47% |
EBITDA | 1.86B | 36.59% |
Effective tax rate | 19.94% | — |
Balance Sheet
Total assets
Total liabilities
(CNY) | Mar 2024info | Y/Y change |
---|---|---|
Cash and short-term investments | 26.62B | 29.94% |
Total assets | 79.18B | 14.56% |
Total liabilities | 18.42B | 8.04% |
Total equity | 60.76B | — |
Shares outstanding | 1.54B | — |
Price to book | 0.38 | — |
Return on assets | 5.43% | — |
Return on capital | 6.46% | — |
Cash Flow
Net change in cash
(CNY) | Mar 2024info | Y/Y change |
---|---|---|
Net income | 1.42B | 23.87% |
Cash from operations | 2.69B | 45.03% |
Cash from investing | -5.50B | -777.93% |
Cash from financing | -522.00M | -552.50% |
Net change in cash | -3.35B | -230.11% |
Free cash flow | 1.89B | 287.29% |
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