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Tencent Music Entertainment Group stock: growth
TMETencent Music Entertainment Group reported $4.93B in revenue for fiscal 2025, up 15.8% on the prior year, up 2.4% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
25.2%
per year from 2016 to 2025, per share 26%
Earnings (Annual rate)
72.4%
per year from 2016 to 2025, per share 73%
Free cash flow (Annual rate)
31.6%
per year from 2016 to 2025, per share 32.5%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2016 | |
|---|---|---|
| Revenue | 2.4% | 25.2% |
| Revenue per share | 4.0% | 26.0% |
| Earnings | 21.6% | 72.4% |
| Earnings per share | 22.9% | 73.0% |
| Free cash flow | 17.6% | 31.6% |
| Free cash flow per share | 19.4% | 32.5% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2016 | $653.99M | $12.3M | $124.77M |
| 2017 | $1.65B | $198.85M | $363.36M |
| 2018 | $2.85B | $274.88M | $823M |
| 2019 | $3.81B | $597.16M | $886.89M |
| 2020 | $4.37B | $623.1M | $657.44M |
| 2021 | $4.69B | $454.24M | $372.06M |
| 2022 | $4.25B | $551.42M | $963.97M |
| 2023 | $4.16B | $737.82M | $925.73M |
| 2024 | $4.26B | $996.36M | $1.39B |
| 2025 | $4.93B | $1.66B | $1.48B |
Revenue by segment
How Tencent Music Entertainment Group makes its money and how that has shifted. Names are as the company reports them.
- Online Music Services$4.0B81%
- Online Music Services To Associates$75.1M2%
- Other$851.0M17%
“Other” combines smaller and former segments with revenue the company does not assign to a segment. Names as reported, with abbreviations spelled out for the largest companies. The company split earlier years differently. A history would not be comparable, so only 2025 is shown.
Figures as a table
| 2025 | Share 2025 | |
|---|---|---|
| Online Music Services | $4.01B | 81.2% |
| Online Music Services To Associates | $75.13M | 1.5% |
| Other | $851.05M | 17.2% |
| Total revenue | $4.93B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = CN¥6.6683)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 3 Nov 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.