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Tencent holds a prominent position in China's internet sector, with a diverse portfolio of products and services used daily by a significant portion of the population. The company is the world's largest video game publisher and owns Honor of Kings, a top-grossing mobile game globally. Tencent also operates WeChat, China's largest social media super app. WeChat is deeply integrated into the daily lives of Chinese people for communication, entertainment, shopping, and more. Beyond its offerings, Tencent is a significant player in global venture capital and investment. The company holds substantial stakes in leading companies including PDD, Kuaishou, and Epic Games.
1998
105.4K+
LTM Revenue $97.9B
LTM EBITDA $39.3B
$603B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Tencent has a last 12-month revenue of $97.9B and a last 12-month EBITDA of $39.3B.
In the most recent fiscal year, Tencent achieved revenue of $78.3B and an EBITDA of $29.9B.
Tencent expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Tencent valuation multiples based on analyst estimates| FY 2022 | FY 2023 | FY 2024 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $71.3B | $78.3B | $90.5B | $97.9B | XXX |
| Gross Profit | $31.6B | $30.7B | $37.7B | XXX | XXX |
| Gross Margin | 44% | 39% | 42% | XXX | XXX |
| EBITDA | $36.2B | $29.9B | $36.2B | $39.3B | XXX |
| EBITDA Margin | 51% | 38% | 40% | 40% | XXX |
| Net Profit | $28.9B | $24.2B | $14.8B | XXX | XXX |
| Net Margin | 41% | 31% | 16% | XXX | XXX |
| Net Debt | $17.2B | $22.8B | $22.7B | XXX | XXX |
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As of February 21, 2025, Tencent's stock price is HKD 517 (or $66).
Tencent has current market cap of HKD 4.70T (or $605B), and EV of HKD 4.69T (or $603B).
See Tencent trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $603B | $605B | XXX | XXX | XXX | XXX | $3.17 |
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Sign UpAs of February 21, 2025, Tencent has market cap of $605B and EV of $603B.
Tencent's trades at 6.6x LTM EV/Revenue multiple, and 16.4x LTM EBITDA.
Analysts estimate Tencent's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Tencent and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $603B | XXX | XXX | XXX |
| EV/Revenue | 6.7x | XXX | XXX | XXX |
| EV/EBITDA | 16.6x | XXX | XXX | XXX |
| P/E | 20.4x | XXX | XXX | XXX |
| P/E/Growth | 1.9x | XXX | XXX | XXX |
| EV/FCF | 21.8x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpTencent's NTM/LTM revenue growth is 9%
Tencent's revenue per employee for the last fiscal year averaged $0.7M, while opex per employee averaged $0.2M for the same period.
Over next 12 months, Tencent's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Tencent's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Tencent and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 16% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 40% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 21% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 49% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.7M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.2M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 6% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 17% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 21% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Matrimony.com | XXX | XXX | XXX | XXX | XXX | XXX |
| TC S.A. | XXX | XXX | XXX | XXX | XXX | XXX |
| Kuaishou | XXX | XXX | XXX | XXX | XXX | XXX |
| Zhihu | XXX | XXX | XXX | XXX | XXX | XXX |
| XXX | XXX | XXX | XXX | XXX | XXX | |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Tencent acquired XXX companies to date.
Last acquisition by Tencent was XXXXXXXX, XXXXX XXXXX XXXXXX . Tencent acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Tencent founded? | Tencent was founded in 1998. |
| Where is Tencent headquartered? | Tencent is headquartered in Hong Kong. |
| How many employees does Tencent have? | As of today, Tencent has 105.4K+ employees. |
| Who is the CEO of Tencent? | Tencent's CEO is Mr. Huateng Ma. |
| Is Tencent publicy listed? | Yes, Tencent is a public company listed on HKG. |
| What is the stock symbol of Tencent? | Tencent trades under 00700 ticker. |
| When did Tencent go public? | Tencent went public in 2004. |
| Who are competitors of Tencent? | Similar companies to Tencent include e.g. Matrimony.com, TC S.A., Kuaishou, Zhihu. |
| What is the current market cap of Tencent? | Tencent's current market cap is $605B |
| What is the current revenue of Tencent? | Tencent's last 12-month revenue is $97.9B. |
| What is the current EBITDA of Tencent? | Tencent's last 12-month EBITDA is $39.3B. |
| What is the current EV/Revenue multiple of Tencent? | Current revenue multiple of Tencent is 6.6x. |
| What is the current EV/EBITDA multiple of Tencent? | Current EBITDA multiple of Tencent is 16.4x. |
| What is the current revenue growth of Tencent? | Tencent revenue growth between 2023 and 2024 was 16%. |
| Is Tencent profitable? | Yes, Tencent is EBITDA-positive (as of the last 12 months). |
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