Match Group vs Tencent Music Entertainment
Tencent Music Entertainment is the larger business, with $4.58bn of revenue in fiscal 2025 against $3.49bn for Match Group (1.3 times as much). Tencent Music Entertainment grew faster (16.0% against 0.2%). Tencent Music Entertainment kept more of each dollar of sales as profit: a net margin of 33.6% against 17.6%.
| Latest fiscal year | Match GroupMTCH, 2025 | Tencent Music EntertainmentTME, 2025 |
|---|---|---|
| Revenue | $3.49bn | $4.58bn |
| Revenue growth | 0.2% | 16.0% |
| Net income | $613m | $1.54bn |
| Operating margin | 25.0% | 40.6% |
| Net margin | 17.6% | 33.6% |
| Return on equity | — | 14.8% |
| Free cash flow | $1.02bn | $1.38bn |
| Cash | $1.03bn | $1.21bn |
| Total debt | $4.00bn | $0 |
| Debt to equity | — | 0.0% |
| Dividend per share | $0.76 | — |
| Dividend yield | 1.9% | — |
| Share buybacks | $789m | $54.3m |
| Employees | 2,200 | — |
| Market value | $8.84bn | $13.97bn |
| Price vs our value range | Within our value range | Below our value range |
| Moat score | 75 (Strong) | — |
| Insider trades, 12 months | 2 buys, 5 sales | 0 buys, 0 sales |