Tencent Music Entertainment Group annual ebitda margin
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Tencent Music Entertainment Group EBITDA Margin Growth & History (TME)
Tencent Music Entertainment Group's ebitda margin was 44.90% for fiscal 2025.
View full Tencent Music Entertainment Group company overviewTencent Music Entertainment Group annual ebitda margin history
| Fiscal year | Period ended | EBITDA margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 44.90% | +10.79 pp |
| 2024 | 2024-12-31 | 34.11% | +8.66 pp |
| 2023 | 2023-12-31 | 25.45% | +5.68 pp |
| 2022 | 2022-12-31 | 19.77% | +4.41 pp |
| 2021 | 2021-12-31 | 15.37% | −3.62 pp |
| 2020 | 2020-12-31 | 18.98% | −1.48 pp |
| 2019 | 2019-12-31 | 20.46% | +7.78 pp |
| 2018 | 2018-12-31 | 12.68% | −5.27 pp |
| 2017 | 2017-12-31 | 17.96% | +10.18 pp |
| 2016 | 2016-12-31 | 7.77% | — |
Tencent Music Entertainment Group quarterly ebitda margin
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | EBITDA margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 34.39% | −1.08 pp |
| Q1 2026 | 2026-03-31 | 33.44% | −32.62 pp |
| Q4 2025 | 2025-12-31 | 32.69% | — |
| Q3 2025 | 2025-09-30 | 32.15% | — |
| Q2 2025 | 2025-06-30 | 35.47% | — |
| Q1 2025 | 2025-03-31 | 66.05% | — |
Tencent Music Entertainment Group ebitda margin trends
Over the last five fiscal years, Tencent Music Entertainment Group's ebitda margin increased from 18.98% to 44.90%, a change of +25.92 percentage points. The latest reported quarter, Q2 2026, shows 34.39%.
About the metric
What EBITDA margin means
EBITDA margin measures EBITDA as a percentage of revenue. It can help compare operating profitability over time, but it excludes capital intensity, financing costs, taxes, and other items and is generally unsuitable for financial companies.
Calculation and source
How EBITDA margin is calculated
TickerStat calculates EBITDA margin as EBITDA divided by positive reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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