Tencent Music Entertainment (TCMEF) Enterprise Value (2018 - 2026)
Tencent Music Entertainment's (TCMEF) quarterly Enterprise Value came in at $10.0 billion in Q2 2026, down 63.4% year-over-year from $27.4 billion in Q2 2025, and down 9.99% quarter-over-quarter from $11.2 billion in Q1 2026.
Analysis
Tencent Music Entertainment (TCMEF) Enterprise Value (2018 - 2026) Analysis & Trends
Tencent Music Entertainment has disclosed Enterprise Value across 9 years of filings, most recently posting $10.0 billion for Q2 2026.
- In Q2 2026, Enterprise Value fell 63.4% year-over-year to $10.0 billion; the TTM figure through Jun 2026 stood at $10.0 billion (down 63.4% YoY), while the FY2025 annual figure was $24.5 billion, up 73.73% from the prior year.
- Enterprise Value came in at $10.0 billion for Q2 2026 at Tencent Music Entertainment, down from $11.2 billion in the prior quarter.
- In the past five years, Enterprise Value ranged from a high of $33.4 billion in Q3 2025 to a low of $4.1 billion in Q3 2022.
- Average Enterprise Value over 5 years is $15.4 billion, with a median of $14.9 billion recorded in 2023.
- Year-over-year, Enterprise Value tumbled 79.05% in 2022 and surged 182.4% in 2024.
- Over 5 years, Enterprise Value stood at $16.8 billion in 2022, then decreased by 7.01% to $15.7 billion in 2023, then decreased by 10.2% to $14.1 billion in 2024, then soared by 90.54% to $26.8 billion in 2025, then slumped by 62.5% to $10.0 billion in 2026.
- Per Business Quant data, the three most recent Enterprise Value figures were $10.0 billion in Q2 2026, $11.2 billion in Q1 2026, and $26.8 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Netflix | 320.31 Bn | 311.19 Bn | 6.52 Bn |
| 2 | Spotify Technology | 109.33 Bn | 98.42 Bn | 1.86 Bn |
| 3 | Tencent Music Entertainment | 7.00 Bn | 3.91 Bn | 582.00 Mn |
| 4 | Huya | 477.13 Mn | 116.87 Mn | 37.58 Mn |
| 5 | iQIYI | 409.16 Mn | -61.74 Mn | 152.37 Mn |
| 6 | FuboTV | 313.31 Mn | -139.10 Mn | 399.10 Mn |
| 7 | Kaltura | 217.68 Mn | 186.39 Mn | 34.54 Mn |
| 8 | CuriosityStream | 154.78 Mn | 106.39 Mn | 16.93 Mn |
| 9 | LiveOne | 52.84 Mn | 44.18 Mn | 3.94 Mn |
| 10 | Cineverse | 46.51 Mn | 42.19 Mn | 10.66 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.04 Bn |
| Mar 31, 2026 | 11.16 Bn |
| Dec 31, 2025 | 26.79 Bn |
| Sep 30, 2025 | 33.42 Bn |
| Jun 30, 2025 | 27.45 Bn |
| Mar 31, 2025 | 18.92 Bn |
| Dec 31, 2024 | 14.06 Bn |
| Sep 30, 2024 | 20.68 Bn |
| Jun 30, 2024 | 22.51 Bn |
| Mar 31, 2024 | 15.68 Bn |
| Dec 31, 2023 | 15.66 Bn |
| Sep 30, 2023 | 7.32 Bn |
| Jun 30, 2023 | 8.70 Bn |
| Mar 31, 2023 | 10.43 Bn |
| Dec 31, 2022 | 16.83 Bn |
| Sep 30, 2022 | 4.13 Bn |
| Jun 30, 2022 | 6.82 Bn |
| Mar 31, 2022 | 6.72 Bn |
| Dec 31, 2021 | 7.97 Bn |
| Sep 30, 2021 | 11.15 Bn |