Tencent Music Entertainment TCMEF
NYSE TCMEF
$4.45 +0.00 (+0.00%)
At close: Sep 8, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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