Tencent Music Entertainment Group revenue

Tencent Music Entertainment Group's revenue was $4.58bn in fiscal 2025, up 16.0% on the year before. Since fiscal 2016 ($657m) it has grown at a compound 24.1% a year.

Revenue history

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Tencent Music Entertainment Group: revenue history, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	657	1,626	2,877	3,683	4,226	4,844	4,220	3,922	3,947	4,578
Growth on the year before	—	+147.4%	+77.0%	+28.0%	+14.7%	+14.6%	−12.9%	−7.1%	+0.6%	+16.0%
Gross profit	186	564	1,103	1,256	1,348	1,458	1,306	1,384	1,671	2,023
Gross margin	28.3%	34.7%	38.3%	34.1%	31.9%	30.1%	31.0%	35.3%	42.3%	44.2%

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Revenue against peers

Interactive Media & Services: the closest covered companies by revenue. Last twelve months.

Company	Revenue	Growth	3-year growth a year
Tencent Music Entertainment Group	$4.58bn	16.0%	—
Pinterest, Inc.	$4.68bn	15.4%	16.6%
Bilibili Inc.	$4.22bn	13.2%	—
Match Group, Inc.	$3.49bn	0.5%	2.0%
Snap Inc	$6.35bn	12.6%	12.3%
Reddit, Inc.	$3.09bn	62.2%	—

Compare with peers

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More: Interactive Media & Services stocks compared, Communication Services sector, rankings of US companies

Figures from Tencent Music Entertainment Group's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Tencent Music Entertainment Group.