Tencent Music Entertainment (TCMEF) EBITDA (2016 - 2026)
Tencent Music Entertainment's (TCMEF) quarterly EBITDA came in at $480.0 million in Q2 2026, up 12.21% year-over-year from $427.8 million in Q2 2025, and up 17.07% quarter-over-quarter from $410.0 million in Q1 2026.
Analysis
Tencent Music Entertainment (TCMEF) EBITDA (2016 - 2026) Analysis & Trends
Tencent Music Entertainment has disclosed EBITDA across 11 years of filings, most recently posting $480.0 million for Q2 2026.
- In Q2 2026, EBITDA rose 12.21% year-over-year to $480.0 million; the TTM figure through Jun 2026 stood at $1.7 billion (up 18.82% YoY), while the FY2025 annual figure was $1.9 billion, up 60.18% from the prior year.
- EBITDA came in at $480.0 million for Q2 2026 at Tencent Music Entertainment, up from $410.0 million in the prior quarter.
- In the past five years, EBITDA ranged from a high of $480.0 million in Q2 2026 to a low of $118.0 million in Q1 2022.
- Average EBITDA over 5 years is $287.8 million, with a median of $286.6 million recorded in 2024.
- The largest YoY upside for EBITDA was 87.85% in 2022 against a maximum downside of 33.71% in 2022.
- Over 5 years, EBITDA stood at $201.0 million in 2022, then grew by 19.9% to $241.0 million in 2023, then soared by 36.93% to $330.0 million in 2024, then rose by 23.03% to $406.0 million in 2025, then rose by 18.23% to $480.0 million in 2026.
- Per Business Quant data, the three most recent EBITDA figures were $480.0 million in Q2 2026, $410.0 million in Q1 2026, and $406.0 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 320.63 Bn | 311.50 Bn | 6.52 Bn | 4.19 Bn |
| 2 | Spotify Technology | 109.40 Bn | 98.49 Bn | 1.86 Bn | 761.35 Mn |
| 3 | Tencent Music Entertainment | 7.00 Bn | 3.91 Bn | 582.00 Mn | 480.00 Mn |
| 4 | Huya | 478.05 Mn | 117.79 Mn | 37.58 Mn | -1.03 Mn |
| 5 | iQIYI | 408.77 Mn | -62.13 Mn | 152.37 Mn | -15.38 Mn |
| 6 | FuboTV | 315.64 Mn | -136.77 Mn | 399.10 Mn | 30.43 Mn |
| 7 | Kaltura | 219.16 Mn | 187.86 Mn | 34.54 Mn | -775,000.00 |
| 8 | CuriosityStream | 154.78 Mn | 106.39 Mn | 16.93 Mn | 9.18 Mn |
| 9 | LiveOne | 53.11 Mn | 44.45 Mn | 3.94 Mn | -3.68 Mn |
| 10 | Cineverse | 46.92 Mn | 42.60 Mn | 10.66 Mn | -5.12 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 480.00 Mn |
| Mar 31, 2026 | 410.00 Mn |
| Dec 31, 2025 | 406.00 Mn |
| Sep 30, 2025 | 378.64 Mn |
| Jun 30, 2025 | 427.75 Mn |
| Mar 31, 2025 | 352.44 Mn |
| Dec 31, 2024 | 330.00 Mn |
| Sep 30, 2024 | 299.15 Mn |
| Jun 30, 2024 | 303.62 Mn |
| Mar 31, 2024 | 273.96 Mn |
| Dec 31, 2023 | 241.00 Mn |
| Sep 30, 2023 | 197.00 Mn |
| Jun 30, 2023 | 219.73 Mn |
| Mar 31, 2023 | 201.86 Mn |
| Dec 31, 2022 | 201.00 Mn |
| Sep 30, 2022 | 184.36 Mn |
| Jun 30, 2022 | 156.00 Mn |
| Mar 31, 2022 | 118.00 Mn |
| Dec 31, 2021 | 107.00 Mn |
| Sep 30, 2021 | 142.06 Mn |