NYSE$TME
Tencent Music Entertainment Group-ADR · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
TME Q4 2023 — CNY 12.00B revenue
PRC law, which allows us to be considered the primary beneficiary of the VIEs for accounting purposes, and to consolidate their operating results in our financial statements under IFRS, to the extent . Tencent Music Entertainment Group-ADR reported Q4 2023 results. Headline numbers extracted from the Form 20-F press release; narrative is light because this row was processed without an LLM call.
- Revenue: CNY 12.00B.
- Filed on Form 20-F (accession 0000950170-24-045593).
Headline financials
Revenue & EPS history
Tencent Music · Revenue · Quarterly
$954M
Revenue by segment
Tencent Music · $12.8B total across 3 segments · Q2 2025
- Online music services$6.85B—53.4%
- Music subscriptions$4.38B—34.2%
- Social entertainment services and others$1.59B—12.4%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2023
-0.4%
Avg return
Earnings day
-1.6%
Avg return
5 days after
+2.9%
Avg return
30 days after
55%
16 / 29 earnings
Positive
+18.4%
Q3 2022
Best reaction
-22.0%
Q4 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | -22.0% | -3.7% | -4.5% | |
| Q3 2025 | -8.3% | -8.9% | -12.2% | |
| Q2 2025 | +11.9% | +12.6% | +12.9% | |
| Q1 2025 | +2.6% | +16.0% | +31.3% | |
| Q4 2024 | +15.5% | +7.2% | -5.9% | |
| Q3 2024 | -7.6% | -4.2% | +4.5% | |
| Q2 2024 | -15.2% | -19.8% | -25.7% | |
| Q1 2024 | +9.9% | +15.6% | +7.5% | |
| Q4 2023 | +12.6% | +5.5% | +11.6% | |
| Q3 2023 | +11.0% | +12.7% | +21.4% | |
| Q2 2023 | +4.1% | +6.2% | +2.8% | |
| Q1 2023 | +4.4% | -1.9% | +4.6% | |
| Q4 2022 | -8.7% | -2.5% | +0.6% | |
| Q3 2022 | +18.4% | +25.4% | +72.4% | |
| Q2 2022 | +8.6% | -8.1% | +40.9% | |
| Q1 2022 | -0.2% | -0.7% | +10.7% | |
| Q4 2021 | +0.8% | -2.0% | -14.2% | |
| Q3 2021 | +1.9% | +13.5% | -11.8% | |
| Q2 2021 | -20.2% | -23.9% | -18.6% | |
| Q1 2021 | -2.4% | -0.5% | +0.9% | |
| Q4 2020 | +4.5% | -33.9% | -40.6% | |
| Q3 2020 | +1.3% | +9.1% | +23.1% | |
| Q2 2020 | -3.2% | -10.1% | +2.1% | |
| Q1 2020 | +5.3% | +8.4% | +13.4% | |
| Q4 2019 | -7.9% | -16.7% | -5.0% | |
| Q3 2019 | -5.6% | -9.4% | -13.8% | |
| Q2 2019 | +0.6% | -3.3% | -5.3% | |
| Q1 2019 | -9.5% | -16.5% | -15.1% | |
| Q4 2018 | -12.8% | -11.1% | -4.7% | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q4 2017 | — | — | — | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — | |
| Q4 2016 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — |
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