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SHENZHEN, China, Nov. 12, 2025 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in China, today announced its unaudited financial results for the third quarter ended September 30, 2025.
Third Quarter 202 5 Financial Highlights
Mr. Cussion Pang, Executive Chairman of TME, commented, "In the third quarter, we delivered another set of solid results, underpinned by the well-rounded performance of our online music business. Our ongoing innovations in content enrichment, services expansion to include more live experiences continued to fuel consistent subscription revenue growth while boosting momentum in non-subscription services, especially in concerts and artist merchandise. Backed by our strong financial position and operational excellence, we are poised to further broaden our music services and create greater value for the entire music industry."
Mr. Ross Liang, CEO of TME, continued, "We are pleased that our ecosystem continues to thrive. A creative approach to personalized offerings and experiences, supported by deepening user insights, continued to strengthen user loyalty, leading to further increases in both SVIP penetration and ARPPU. Moving forward, we will further sharpen our core strengths, enhance platform efficiency, and capture emerging opportunities as we continue to drive music creation and consumption."
Third Quarter 202 5 Operational Highlights
|
|
3 Q2 5 |
3 Q2 4 |
YoY % |
|
MAUs – online music (million) |
551 |
576 |
(4.3 %) |
|
Paying users – online music (million) |
125.7 |
119.0 |
5.6 % |
|
Monthly ARPPU – online music (RMB) |
11.9 |
10.8 |
10.2 % |
Broadened music offerings in different genres and languages to further enrich our content ecosystem.
Proven ability to stage live concerts enabled us to scale and extend services to international markets.
Innovation and differentiated membership offerings improved user service and user loyalty.
Both SVIP penetration and ARPPU further improved thanks to superior streaming experiences and enriching artist-related benefits.
Third Quarter 202 5 Financial Review
Total revenues increased by RMB1.45 billion, or 20.6%, to RMB8.46 billion (US$1.19 billion) from RMB7.02 billion in the same period of 2024.
Cost of revenues increased by 18.8% year-over-year to RMB4.78 billion (US$672 million), mainly due to increased costs related to offline performances, IP related costs, such as costs for artist-related merchandise, and advertising agency fees. Meanwhile, revenue sharing fees decreased, resulted from declines in both revenue sharing ratio and revenues from social entertainment services.
Gross margin increased to 43.5% from 42.6% in the same period of 2024, primarily due to increased revenues from music subscriptions and advertising services, alongside a lower revenue sharing ratio for social entertainment services, and partly offset by increased revenues from offline performances and artist-related merchandise.
Total operating expenses increased by 7.6% year-over-year to RMB1.31 billion (US$184 million). Operating expenses as a percentage of total revenues decreased to 15.5% from 17.4% in the same period of 2024.
Total operating profit was RMB2.71 billion (US$381 million) in the third quarter of 2025, representing a 26.4% year-over-year increase.
Income tax expenses for the third quarter of 2025 were RMB477 million (US$67 million), compared with RMB367 million in the same period of 2024. We accrued withholding income tax of RMB118 million (US$17 million) in the third quarter of 2025.
For the third quarter of 2025, net profit was RMB2.21 billion (US$311 million) and net profit attributable to equity holders of the Company was RMB2.15 billion (US$302 million). Non-IFRS net profit was RMB2.48 billion (US$348 million) and non-IFRS net profit attributable to equity holders of the Company was RMB2.41 billion (US$338 million). Please refer to the section in this press release titled "Non-IFRS Financial Measure" for details.
Basic and diluted earnings per American Depositary Shares ("ADS") for the third quarter of 2025 were RMB1.40 (US$0.20) and RMB1.38 (US$0.19), respectively; non-IFRS basic and diluted earnings per ADS were RMB1.56 (US$0.22) and RMB1.54 (US$0.22), respectively. For the third quarter of 2025, the Company had weighted averages of 1.54 billion basic and 1.56 billion diluted ADSs outstanding, respectively. Each ADS represents two of the Company's Class A ordinary shares.
As of September 30, 2025, the combined balance of the Company's cash, cash equivalents, term deposits and short-term investments amounted to RMB36.08 billion (US$5.07 billion), compared with RMB34.92 billion as of June 30, 2025.
Environmental, Social, and Governance ("ESG")
In its seventh consecutive year, we added new elements to TME's Music Garden Space program to amplify its reach and impact. This time, we extended invitations to WeSing users to redeem their ads credits on our platform to support music creation. The campaign attracted 380,000 participants, mobilizing broader public support to make music more accessible.
Exchange Rate
This announcement contains translations of certain RMB amounts into U.S. dollars ("USD") at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to USD were made at the rate of RMB7.1190 to US$1.00, the noon buying rate in effect on September 30, 2025, in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or USD amounts referred could be converted into USD or RMB, as the case may be, at any particular rate or at all. For analytical presentation, all percentages are calculated using the numbers presented in the financial statements contained in this earnings release.
Non-IFRS Financial Measure
The Company uses non-IFRS net profit for the period, which is a non-IFRS financial measure, in evaluating its operating results and for financial and operational decision-making purposes. TME believes that non-IFRS net profit helps identify underlying trends in the Company's business that could otherwise be distorted by the effect of certain expenses that the Company includes in its profit for the period. TME believes that non-IFRS net profit for the period provides useful information about its results of operations, enhances the overall understanding of its past performance and future prospects and allows for greater visibility with respect to key metrics used by its management in its financial and operational decision-making.
Non-IFRS net profit for the period should not be considered in isolation or construed as an alternative to operating profit, net profit for the period or any other measure of performance or as an indicator of its operating performance. Investors are encouraged to review non-IFRS net profit for the period and the reconciliation to its most directly comparable IFRS measure. Non-IFRS net profit for the period presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to the Company's data. TME encourages investors and others to review its financial information in its entirety and not rely on a single financial measure.
Non-IFRS net profit for the period represents profit for the period excluding amortization of intangible and other assets arising from business acquisitions or combinations, share-based compensation expenses, net losses/gains from investments and related income tax effects.
Please see the "Unaudited Non-IFRS Financial Measure" included in this press release for a full reconciliation of non-IFRS net profit for the period to its net profit for the period.
|
[1] Non-IFRS net profit attributable to equity holders of the Company was arrived at after excluding the combined effect of amortization of intangible assets and other assets arising from business acquisitions or combinations, share-based compensation expenses, net losses/gains from investments, and related income tax effects. |
|
[2] Names grouped by artists and bands, sorted in alphabetical order by family names. |
About Tencent Music Entertainment
Tencent Music Entertainment Group (NYSE: TME and HKEX: 1698) is the leading online music and audio entertainment platform in China, operating the country's highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing. TME's mission is to create endless possibilities with music and technology. TME's platform comprises online music, online audio, online karaoke, music-centric live streaming and online concert services, enabling music fans to discover, listen, sing, watch, perform and socialize around music. For more information, please visit ir.tencentmusic.com.
Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC and the HKEX. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.
Investor Relations Contact
Tencent Music Entertainment Group
[email protected]
+86 (755) 8601-3388 ext. 885034
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TENCENT MUSIC ENTERTAINMENT GROUP |
|||||||||||||
|
CONSOLIDATED INCOME STATEMENTS |
|||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30 |
|
Nine Months Ended September 30 |
||||||||
|
|
|
|
2024 |
|
2025 |
|
2024 |
|
2025 |
||||
|
|
|
|
RMB |
|
RMB |
|
US$ |
|
RMB |
|
RMB |
|
US$ |
|
|
|
|
Unaudited |
|
Unaudited |
|
Unaudited |
|
Unaudited |
|
Unaudited |
|
Unaudited |
|
|
|
|
(in millions, except per share data) |
|
(in millions, except per share data) |
||||||||
|
Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Online music services |
|
|
5,480 |
|
6,969 |
|
979 |
|
15,911 |
|
19,627 |
|
2,757 |
|
Social entertainment services and others |
|
|
1,535 |
|
1,494 |
|
210 |
|
5,032 |
|
4,634 |
|
651 |
|
|
|
|
7,015 |
|
8,463 |
|
1,189 |
|
20,943 |
|
24,261 |
|
3,408 |
|
Cost of revenues |
|
|
(4,024) |
|
(4,781) |
|
(672) |
|
(12,171) |
|
(13,588) |
|
(1,909) |
|
Gross profit |
|
|
2,991 |
|
3,682 |
|
517 |
|
8,772 |
|
10,673 |
|
1,499 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling and marketing expenses |
|
|
(220) |
|
(260) |
|
(37) |
|
(617) |
|
(675) |
|
(95) |
|
General and administrative expenses |
|
|
(998) |
|
(1,051) |
|
(148) |
|
(2,885) |
|
(2,935) |
|
(412) |
|
Total operating expenses |
|
|
(1,218) |
|
(1,311) |
|
(184) |
|
(3,502) |
|
(3,610) |
|
(507) |
|
Interest income |
|
|
299 |
|
245 |
|
34 |
|
881 |
|
796 |
|
112 |
|
Other gains, net |
|
|
72 |
|
94 |
|
13 |
|
150 |
|
2,665 |
|
374 |
|
Operating profit |
|
|
2,144 |
|
2,710 |
|
381 |
|
6,301 |
|
10,524 |
|
1,478 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share of net profit of investments accounted |
|
|
29 |
|
11 |
|
2 |
|
65 |
|
50 |
|
7 |
|
Finance cost |
|
|
(97) |
|
(32) |
|
(4) |
|
(153) |
|
(69) |
|
(10) |
|
Profit before income tax |
|
|
2,076 |
|
2,689 |
|
378 |
|
6,213 |
|
10,505 |
|
1,476 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expense |
|
|
(367) |
|
(477) |
|
(67) |
|
(1,180) |
|
(1,438) |
|
(202) |
|
Profit for the period |
|
|
1,709 |
|
2,212 |
|
311 |
|
5,033 |
|
9,067 |
|
1,274 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Attributable to: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity holders of the Company |
|
|
1,583 |
|
2,153 |
|
302 |
|
4,687 |
|
8,853 |
|
1,244 |
|
Non-controlling interests |
|
|
126 |
|
59 |
|
8 |
|
346 |
|
214 |
|
30 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per share for Class A and Class B
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
0.51 |
|
0.70 |
|
0.10 |
|
1.52 |
|
2.89 |
|
0.41 |
|
Diluted |
|
|
0.50 |
|
0.69 |
|
0.10 |
|
1.50 |
|
2.85 |
|
0.40 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per ADS (2 Class A shares equal to 1 ADS) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
1.02 |
|
1.40 |
|
0.20 |
|
3.04 |
|
5.78 |
|
0.81 |
|
Diluted |
|
|
1.01 |
|
1.38 |
|
0.19 |
|
2.99 |
|
5.71 |
|
0.80 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares used in earnings per Class A and Class B |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
3,092,300,590 |
|
3,074,517,375 |
|
3,074,517,375 |
|
3,087,337,746 |
|
3,063,014,206 |
|
3,063,014,206 |
|
Diluted |
|
|
3,134,713,201 |
|
3,118,471,326 |
|
3,118,471,326 |
|
3,132,654,290 |
|
3,102,872,454 |
|
3,102,872,454 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ADS used in earnings per ADS computation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
1,546,150,295 |
|
1,537,258,688 |
|
1,537,258,688 |
|
1,543,668,873 |
|
1,531,507,103 |
|
1,531,507,103 |
|
Diluted |
|
|
1,567,356,601 |
|
1,559,235,663 |
|
1,559,235,663 |
|
1,566,327,145 |
|
1,551,436,227 |
|
1,551,436,227 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TENCENT MUSIC ENTERTAINMENT GROUP |
|||||||||||
|
UNAUDITED NON-IFRS FINANCIAL MEASURE |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30 |
|
Nine Months Ended September 30 |
||||||||
|
|
2024 |
|
2025 |
|
2024 |
|
2025 |
||||
|
|
RMB |
|
RMB |
|
US$ |
|
RMB |
|
RMB |
|
US$ |
|
|
Unaudited |
|
Unaudited |
|
Unaudited |
|
Unaudited |
|
Unaudited |
|
Unaudited |
|
|
(in millions, except per share data) |
|
(in millions, except per share data) |
||||||||
|
Profit for the period |
1,709 |
|
2,212 |
|
311 |
|
5,033 |
|
9,067 |
|
1,274 |
|
Adjustments: |
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of intangible and other assets arising from business acquisitions or combinations* |
109 |
|
97 |
|
14 |
|
330 |
|
291 |
|
41 |
|
Share-based compensation |
168 |
|
211 |
|
30 |
|
525 |
|
519 |
|
73 |
|
Losses/(Gains) from investments** |
- |
|
14 |
|
2 |
|
16 |
|
(2,363) |
|
(332) |
|
Income tax effects*** |
(46) |
|
(57) |
|
(8) |
|
(167) |
|
(171) |
|
(24) |
|
Non-IFRS Net Profit |
1,940 |
|
2,477 |
|
348 |
|
5,737 |
|
7,343 |
|
1,031 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Attributable to: |
|
|
|
|
|
|
|
|
|
|
|
|
Equity holders of the Company |
1,814 |
|
2,405 |
|
338 |
|
5,391 |
|
7,103 |
|
998 |
|
Non-controlling interests |
126 |
|
72 |
|
10 |
|
346 |
|
240 |
|
34 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per share for Class A and Class B
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
0.59 |
|
0.78 |
|
0.11 |
|
1.75 |
|
2.32 |
|
0.33 |
|
Diluted |
0.58 |
|
0.77 |
|
0.11 |
|
1.72 |
|
2.29 |
|
0.32 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per ADS (2 Class A shares equal to 1 ADS) |
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
1.17 |
|
1.56 |
|
0.22 |
|
3.49 |
|
4.64 |
|
0.65 |
|
Diluted |
1.16 |
|
1.54 |
|
0.22 |
|
3.44 |
|
4.58 |
|
0.64 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares used in earnings per Class A and Class B ordinary share computation: |
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
3,092,300,590 |
|
3,074,517,375 |
|
3,074,517,375 |
|
3,087,337,746 |
|
3,063,014,206 |
|
3,063,014,206 |
|
Diluted |
3,134,713,201 |
|
3,118,471,326 |
|
3,118,471,326 |
|
3,132,654,290 |
|
3,102,872,454 |
|
3,102,872,454 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ADS used in earnings per ADS computation |
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
1,546,150,295 |
|
1,537,258,688 |
|
1,537,258,688 |
|
1,543,668,873 |
|
1,531,507,103 |
|
1,531,507,103 |
|
Diluted |
1,567,356,601 |
|
1,559,235,663 |
|
1,559,235,663 |
|
1,566,327,145 |
|
1,551,436,227 |
|
1,551,436,227 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* Represents the amortization of identifiable assets, including intangible assets such as domain name, trademark, copyrights, supplier resources, corporate customer relationships and non-compete agreement etc., and fair value adjustment on music content (i.e., signed contracts obtained for the rights to access to the music contents for which the amount was amortized over the contract period), resulting from business acquisitions or combination. |
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|
** Including the net gains/losses on deemed disposals/disposals of investments, fair value changes arising from investments, impairment provision of investments and other expenses in relation to equity transactions of investments. |
|||||||||||
|
*** Represents the income tax effects of Non-IFRS adjustments. |
|||||||||||
|
TENCENT MUSIC ENTERTAINMENT GROUP |
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|
CONSOLIDATED BALANCE SHEETS |
||||||
|
|
|
|
|
|
|
|
|
|
|
As at December 31, 2024 |
|
As at September 30, 2025 |
||
|
|
|
RMB |
|
RMB |
|
US$ |
|
|
|
Audited |
|
Unaudited |
|
Unaudited |
|
|
|
(in millions) |
||||
|
ASSETS |
|
|
|
|
|
|
|
Non-current assets |
|
|
|
|
|
|
|
Property, plant and equipment |
|
803 |
|
1,049 |
|
147 |
|
Land use rights |
|
2,364 |
|
2,308 |
|
324 |
|
Right-of-use assets |
|
295 |
|
309 |
|
43 |
|
Intangible assets |
|
2,049 |
|
2,944 |
|
414 |
|
Goodwill |
|
19,647 |
|
20,517 |
|
2,882 |
|
Investments accounted for using equity method |
|
4,669 |
|
1,856 |
|
261 |
|
Financial assets at fair value through other comprehensive income |
14,498 |
|
30,940 |
|
4,346 |
|
|
Other investments |
|
309 |
|
305 |
|
43 |
|
Prepayments, deposits and other assets |
|
425 |
|
373 |
|
52 |
|
Deferred tax assets |
|
422 |
|
538 |
|
76 |
|
Term deposits |
|
10,419 |
|
13,810 |
|
1,940 |
|
|
|
55,900 |
|
74,949 |
|
10,528 |
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
Inventories |
|
23 |
|
57 |
|
8 |
|
Accounts receivable |
|
3,508 |
|
3,682 |
|
517 |
|
Prepayments, deposits and other assets |
|
3,793 |
|
3,843 |
|
540 |
|
Other investments |
|
46 |
|
50 |
|
7 |
|
Term deposits |
|
13,999 |
|
11,015 |
|
1,547 |
|
Restricted Cash |
|
11 |
|
15 |
|
2 |
|
Cash and cash equivalents |
|
13,164 |
|
11,255 |
|
1,581 |
|
|
|
34,544 |
|
29,917 |
|
4,202 |
|
|
|
|
|
|
|
|
|
Total assets |
|
90,444 |
|
104,866 |
|
14,730 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EQUITY |
|
|
|
|
|
|
|
Equity attributable to equity holders of the Company |
|
|
|
|
|
|
|
Share capital |
|
2 |
|
2 |
|
0 |
|
Additional paid-in capital |
|
29,035 |
|
29,895 |
|
4,199 |
|
Shares held for share award schemes |
|
(520) |
|
(794) |
|
(112) |
|
Treasury shares |
|
(550) |
|
(664) |
|
(93) |
|
Other reserves |
|
19,845 |
|
27,124 |
|
3,810 |
|
Retained earnings |
|
20,051 |
|
27,188 |
|
3,819 |
|
|
|
67,863 |
|
82,751 |
|
11,624 |
|
Non-controlling interests |
|
1,863 |
|
2,682 |
|
377 |
|
|
|
|
|
|
|
|
|
Total equity |
|
69,726 |
|
85,433 |
|
12,001 |
|
|
|
|
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
|
|
Non-current liabilities |
|
|
|
|
|
|
|
Notes payables |
|
3,572 |
|
3,534 |
|
496 |
|
Other payables and other liabilities |
|
- |
|
365 |
|
51 |
|
Deferred tax liabilities |
|
198 |
|
679 |
|
95 |
|
Lease liabilities |
|
219 |
|
227 |
|
32 |
|
Deferred revenue |
|
179 |
|
280 |
|
39 |
|
|
|
4,168 |
|
5,085 |
|
714 |
|
|
|
|
|
|
|
|
|
Current liabilities |
|
|
|
|
|
|
|
Accounts payable |
|
6,879 |
|
6,619 |
|
930 |
|
Other payables and other liabilities |
|
3,381 |
|
3,269 |
|
459 |
|
Notes payables |
|
2,154 |
|
- |
|
- |
|
Current tax liabilities |
|
934 |
|
948 |
|
133 |
|
Lease liabilities |
|
106 |
|
104 |
|
15 |
|
Deferred revenue |
|
3,096 |
|
3,408 |
|
479 |
|
|
|
16,550 |
|
14,348 |
|
2,015 |
|
|
|
|
|
|
|
|
|
Total liabilities |
|
20,718 |
|
19,433 |
|
2,730 |
|
|
|
|
|
|
|
|
|
Total equity and liabilities |
|
90,444 |
|
104,866 |
|
14,730 |
|
|
|
|
|
|
|
|
|
TENCENT MUSIC ENTERTAINMENT GROUP |
||||||||||||
|
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS |
||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30 |
|
Nine Months Ended September 30 |
||||||||
|
|
|
2024 |
|
2025 |
|
2024 |
|
2025 |
||||
|
|
|
RMB |
|
RMB |
|
US$ |
|
RMB |
|
RMB |
|
US$ |
|
|
|
Unaudited |
|
Unaudited |
|
Unaudited |
|
Unaudited |
|
Unaudited |
|
Unaudited |
|
|
|
(in millions) |
|
(in millions) |
||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by operating activities |
|
2,165 |
|
3,683 |
|
517 |
|
7,795 |
|
7,840 |
|
1,101 |
|
Net cash used in investing activities |
|
(3,337) |
|
(1,244) |
|
(175) |
|
(8,142) |
|
(5,098) |
|
(716) |
|
Net cash used in financing activities |
|
(882) |
|
(2,122) |
|
(298) |
|
(3,015) |
|
(4,634) |
|
(651) |
|
Net (decrease)/increase in cash and cash equivalents |
|
(2,054) |
|
317 |
|
45 |
|
(3,362) |
|
(1,892) |
|
(266) |
|
Cash and cash equivalents at beginning of the period |
|
12,251 |
|
10,999 |
|
1,545 |
|
13,567 |
|
13,164 |
|
1,849 |
|
Exchange differences on cash and cash equivalents |
|
12 |
|
(61) |
|
(9) |
|
4 |
|
(17) |
|
(2) |
|
Cash and cash equivalents at end of the period |
|
10,209 |
|
11,255 |
|
1,581 |
|
10,209 |
|
11,255 |
|
1,581 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SOURCE Tencent Music Entertainment Group
| 11 hours | |
| Nov-12 | |
| Nov-12 | |
| Nov-12 | |
| Nov-11 | |
| Oct-28 | |
| Oct-28 | |
| Oct-14 | |
| Oct-04 | |
| Sep-30 | |
| Sep-30 | |
| Sep-29 | |
| Sep-23 | |
| Sep-23 | |
| Sep-22 |
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