Tencent Music Entertainment (TCMEF) Equity Average (2017 - 2026)
Tencent Music Entertainment's (TCMEF) quarterly Equity Average came in at $11.6 billion in Q2 2026, up 3.17% year-over-year from $11.2 billion in Q2 2025, and up 1.05% quarter-over-quarter from $11.4 billion in Q1 2026.
Analysis
Tencent Music Entertainment (TCMEF) Equity Average (2017 - 2026) Analysis & Trends
Tencent Music Entertainment has disclosed Equity Average across 9 years of filings, most recently posting $11.6 billion for Q2 2026.
- In Q2 2026, Equity Average rose 3.17% year-over-year to $11.6 billion; the TTM figure through Jun 2026 stood at $11.6 billion (up 3.17% YoY), while the FY2025 annual figure was $10.7 billion, up 21.69% from the prior year.
- Equity Average came in at $11.6 billion for Q2 2026 at Tencent Music Entertainment, up from $11.4 billion in the prior quarter.
- In the past five years, Equity Average ranged from a high of $12.0 billion in Q3 2025 to a low of $6.8 billion in Q4 2022.
- Average Equity Average over 5 years is $9.0 billion, with a median of $8.0 billion recorded in 2022.
- Year-over-year, Equity Average fell 13.54% in 2022 and jumped 31.37% in 2025.
- Over 5 years, Equity Average stood at $6.8 billion in 2022, then increased by 13.21% to $7.8 billion in 2023, then grew by 10.06% to $8.5 billion in 2024, then surged by 38.93% to $11.9 billion in 2025, then declined by 2.44% to $11.6 billion in 2026.
- Per Business Quant data, the three most recent Equity Average figures were $11.6 billion in Q2 2026, $11.4 billion in Q1 2026, and $11.9 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 320.19 Bn | 311.06 Bn | 6.52 Bn | 30.64 Bn |
| 2 | Spotify Technology | 108.64 Bn | 97.73 Bn | 1.86 Bn | 9.56 Bn |
| 3 | Tencent Music Entertainment | 7.00 Bn | 3.91 Bn | 582.00 Mn | 11.57 Bn |
| 4 | Huya | 471.18 Mn | 110.92 Mn | 37.58 Mn | 680.49 Mn |
| 5 | iQIYI | 405.33 Mn | -65.56 Mn | 152.37 Mn | 1.86 Bn |
| 6 | FuboTV | 313.61 Mn | -138.81 Mn | 399.10 Mn | 595.41 Mn |
| 7 | Kaltura | 216.95 Mn | 185.65 Mn | 34.54 Mn | 3.17 Mn |
| 8 | CuriosityStream | 153.89 Mn | 105.50 Mn | 16.93 Mn | 41.47 Mn |
| 9 | LiveOne | 52.71 Mn | 44.05 Mn | 3.94 Mn | -17.11 Mn |
| 10 | Cineverse | 46.61 Mn | 42.29 Mn | 10.66 Mn | 42.20 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.57 Bn |
| Mar 31, 2026 | 11.45 Bn |
| Dec 31, 2025 | 11.86 Bn |
| Sep 30, 2025 | 12.03 Bn |
| Jun 30, 2025 | 11.21 Bn |
| Mar 31, 2025 | 10.03 Bn |
| Jun 30, 2024 | 8.53 Bn |
| Mar 31, 2024 | 8.18 Bn |
| Dec 31, 2023 | 7.75 Bn |
| Sep 30, 2023 | 7.55 Bn |
| Jun 30, 2023 | 7.56 Bn |
| Mar 31, 2023 | 7.24 Bn |
| Dec 31, 2022 | 6.85 Bn |
| Sep 30, 2022 | 7.00 Bn |
| Jun 30, 2022 | 7.49 Bn |
| Mar 31, 2022 | 7.87 Bn |
| Dec 31, 2021 | 7.92 Bn |
| Sep 30, 2021 | 7.98 Bn |
| Jun 30, 2021 | 8.08 Bn |
| Mar 31, 2021 | 8.00 Bn |