Tencent Music Entertainment (TCMEF) Enterprise Value (2016 - 2026)

Tencent Music Entertainment's (TCMEF) quarterly Enterprise Value came in at -$1.2 billion in Q1 2026, up 32.54% year-on-year from -$924.2 million in Q1 2025, and down 2.4% quarter-over-quarter from -$1.2 billion in Q4 2025.

Tencent Music Entertainment (TCMEF) Enterprise Value (2016 - 2026) Analysis & Trends

Tencent Music Entertainment has disclosed Enterprise Value across 11 years of filings, most recently posting -$1.2 billion for Q1 2026.

  • Enterprise Value for Q1 2026 came in at -$1.2 billion, up 32.54% year-over-year; the trailing twelve-month figure through Mar 2026 was -$1.2 billion (up 32.54% YoY), and the FY2025 annual result was -$1.2 billion, up 32.8% from the prior year.
  • Enterprise Value came in at -$1.2 billion for Q1 2026 at Tencent Music Entertainment, down from -$1.2 billion in the prior quarter.
  • In the past five years, Enterprise Value ranged from a high of -$1.2 billion in Q4 2025 to a low of -$3.8 billion in Q4 2024.
  • The 5-year median for Enterprise Value is -$1.7 billion (2023), against an average of -$1.9 billion.
  • Peak annual rise in Enterprise Value reached 68.36% in 2025, while the deepest fall reached 26.7% in 2025.
  • Tencent Music Entertainment's Enterprise Value stood at -$2.9 billion in 2022, then slipped by 11.37% to -$3.3 billion in 2023, then slipped by 15.84% to -$3.8 billion in 2024, then jumped by 68.36% to -$1.2 billion in 2025, then slipped by 2.4% to -$1.2 billion in 2026.
  • The last three Enterprise Value figures came in at -$1.2 billion (Q1 2026), -$1.2 billion (Q4 2025), and -$1.6 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Enterprise Value (Qtr)
1 Nebius 2,430,078.11 Bn 2,430,078.11 Bn 295.20 Mn -9.63 Bn
2 Alphabet 4,448.32 Bn 4,232.70 Bn 102.29 Bn -215.62 Bn
3 Meta Platforms 1,465.06 Bn 1,383.88 Bn 46.09 Bn -81.18 Bn
4 Spotify Technology 113.19 Bn 102.95 Bn 1.75 Bn -10.24 Bn
5 Reddit 33.56 Bn 30.79 Bn 511.94 Mn -2.77 Bn
6 Pinterest 12.93 Bn 11.63 Bn 768.96 Mn -1.30 Bn
7 Kanzhun 12.77 Bn 10.67 Bn 255.62 Bn -2.10 Bn
8 Match 8.28 Bn 7.26 Bn 653.28 Mn -1.02 Bn
9 Snap 7.91 Bn 5.08 Bn 1.29 Bn -2.82 Bn
10 Tencent Music Entertainment - - 514.00 Mn -1.22 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 -1.22 Bn
Dec 31, 2025 -1.20 Bn
Sep 30, 2025 -1.57 Bn
Jun 30, 2025 -1.82 Bn
Mar 31, 2025 -1.82 Bn
Dec 31, 2024 -3.78 Bn
Sep 30, 2024 -1.89 Bn
Jun 30, 2024 -2.01 Bn
Mar 31, 2024 -1.43 Bn
Dec 31, 2023 -3.26 Bn
Sep 30, 2023 -1.71 Bn
Jun 30, 2023 -1.85 Bn
Mar 31, 2023 -1.40 Bn
Dec 31, 2022 -2.93 Bn
Sep 30, 2022 -1.47 Bn
Jun 30, 2022 -1.67 Bn
Mar 31, 2022 -1.49 Bn
Dec 31, 2021 -3.03 Bn
Sep 30, 2021 -1.90 Bn
Jun 30, 2021 -2.09 Bn