Tencent Music Entertainment, the music division of the Chinese tech giant Tencent, has demonstrated a sustained profitability in recent years. In 2023, the company reported 5.22 billion yuan in its net profit with a robust growth of online music paying users.
Annual net profit of Tencent Music Entertainment Group from 2016 to 2023
(in billion yuan)
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Profit in billion yuan
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Tencent Music Entertainment. (March 19, 2024). Annual net profit of Tencent Music Entertainment Group from 2016 to 2023 (in billion yuan) [Graph]. In Statista. Retrieved July 27, 2024, from https://www.statista.com/statistics/933990/china-tencent-music-profit/
Tencent Music Entertainment. "Annual net profit of Tencent Music Entertainment Group from 2016 to 2023 (in billion yuan)." Chart. March 19, 2024. Statista. Accessed July 27, 2024. https://www.statista.com/statistics/933990/china-tencent-music-profit/
Tencent Music Entertainment. (2024). Annual net profit of Tencent Music Entertainment Group from 2016 to 2023 (in billion yuan). Statista. Statista Inc.. Accessed: July 27, 2024. https://www.statista.com/statistics/933990/china-tencent-music-profit/
Tencent Music Entertainment. "Annual Net Profit of Tencent Music Entertainment Group from 2016 to 2023 (in Billion Yuan)." Statista, Statista Inc., 19 Mar 2024, https://www.statista.com/statistics/933990/china-tencent-music-profit/
Tencent Music Entertainment, Annual net profit of Tencent Music Entertainment Group from 2016 to 2023 (in billion yuan) Statista, https://www.statista.com/statistics/933990/china-tencent-music-profit/ (last visited July 27, 2024)
Annual net profit of Tencent Music Entertainment Group from 2016 to 2023 (in billion yuan) [Graph], Tencent Music Entertainment, March 19, 2024. [Online]. Available: https://www.statista.com/statistics/933990/china-tencent-music-profit/