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Side-by-side financial comparison of JOYY Inc. (JOYY) and Tencent Music Entertainment Group (TME). Click either name above to swap in a different company.

JOYY Inc. is a global social media technology firm operating digital entertainment platforms including live streaming, short video and social services like Bigo Live and Likee. It serves users across Southeast Asia, Middle East, Latin America and other emerging markets, delivering interactive immersive digital content experiences for user groups.

Tencent Music Entertainment Group is a company that develops music streaming services for the Chinese market. Tencent Music's apps include QQ Music, KuGou, Kuwo, and WeSing; which have more than 800 million active users and 120 million paying subscribers. As of July 2016, Tencent Music's three services held an estimated 56% market share of music streaming services in China.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
JOYY
JOYY
TME
TME
Q3 25
$1.5B
Q2 25
$1.0B
Q1 25
$494.4M
Q3 24
$1.7B
Q2 24
$1.1B
Q1 24
$564.6M
Q3 23
$1.7B
Q2 23
$1.1B
Net Profit
JOYY
JOYY
TME
TME
Q3 25
$160.1M
Q2 25
$100.9M
Q1 25
$42.9M
Q3 24
$143.9M
Q2 24
$87.9M
Q1 24
$40.2M
Q3 23
$232.3M
Q2 23
$167.2M
Gross Margin
JOYY
JOYY
TME
TME
Q3 25
36.1%
Q2 25
36.3%
Q1 25
36.1%
Q3 24
35.7%
Q2 24
34.9%
Q1 24
34.6%
Q3 23
36.0%
Q2 23
35.6%
Operating Margin
JOYY
JOYY
TME
TME
Q3 25
2.4%
Q2 25
1.8%
Q1 25
2.5%
Q3 24
1.3%
Q2 24
0.5%
Q1 24
0.6%
Q3 23
1.4%
Q2 23
1.1%
Net Margin
JOYY
JOYY
TME
TME
Q3 25
10.4%
Q2 25
10.1%
Q1 25
8.7%
Q3 24
8.5%
Q2 24
7.8%
Q1 24
7.1%
Q3 23
13.7%
Q2 23
14.8%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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