Tencent Music Entertainment (TCMEF) Free Cash Flow (2017 - 2026)
Tencent Music Entertainment's (TCMEF) quarterly Free Cash Flow came in at $422.0 million in Q2 2026, up 84.28% year-over-year from $229.0 million in Q2 2025, and up 25.34% quarter-over-quarter from $336.7 million in Q1 2026.
Analysis
Tencent Music Entertainment (TCMEF) Free Cash Flow (2017 - 2026) Analysis & Trends
Tencent Music Entertainment has disclosed Free Cash Flow across 10 years of filings, most recently posting $422.0 million for Q2 2026.
- In Q2 2026, Free Cash Flow rose 84.28% year-over-year to $422.0 million; the TTM figure through Jun 2026 stood at $1.6 billion (up 32.61% YoY), while the FY2025 annual figure was $1.5 billion, up 3.69% from the prior year.
- Free Cash Flow came in at $422.0 million for Q2 2026 at Tencent Music Entertainment, up from $336.7 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $514.6 million in Q3 2025 to a low of $183.0 million in Q3 2022.
- Average Free Cash Flow over 5 years is $321.8 million, with a median of $338.3 million recorded in 2024.
- Year-over-year, Free Cash Flow surged 180.62% in 2022 and sank 43.69% in 2025.
- Over 5 years, Free Cash Flow stood at $362.0 million in 2022, then retreated by 23.2% to $278.0 million in 2023, then gained by 22.3% to $340.0 million in 2024, then climbed by 0.59% to $342.0 million in 2025, then rose by 23.39% to $422.0 million in 2026.
- Per Business Quant data, the three most recent Free Cash Flow figures were $422.0 million in Q2 2026, $336.7 million in Q1 2026, and $342.0 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 320.63 Bn | 311.50 Bn | 6.52 Bn | 1.53 Bn |
| 2 | Spotify Technology | 109.40 Bn | 98.49 Bn | 1.86 Bn | 971.73 Mn |
| 3 | Tencent Music Entertainment | 7.00 Bn | 3.91 Bn | 582.00 Mn | 422.00 Mn |
| 4 | Huya | 478.05 Mn | 117.79 Mn | 37.58 Mn | - |
| 5 | iQIYI | 408.77 Mn | -62.13 Mn | 152.37 Mn | 52.81 Mn |
| 6 | FuboTV | 315.64 Mn | -136.77 Mn | 399.10 Mn | -314.66 Mn |
| 7 | Kaltura | 219.16 Mn | 187.86 Mn | 34.54 Mn | -2.56 Mn |
| 8 | CuriosityStream | 154.78 Mn | 106.39 Mn | 16.93 Mn | - |
| 9 | LiveOne | 53.11 Mn | 44.45 Mn | 3.94 Mn | -2.95 Mn |
| 10 | Cineverse | 46.92 Mn | 42.60 Mn | 10.66 Mn | -1.27 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 422.00 Mn |
| Mar 31, 2026 | 336.67 Mn |
| Dec 31, 2025 | 342.00 Mn |
| Sep 30, 2025 | 514.58 Mn |
| Jun 30, 2025 | 229.00 Mn |
| Mar 31, 2025 | 347.00 Mn |
| Dec 31, 2024 | 340.00 Mn |
| Sep 30, 2024 | 302.08 Mn |
| Jun 30, 2024 | 406.67 Mn |
| Mar 31, 2024 | 375.63 Mn |
| Dec 31, 2023 | 278.00 Mn |
| Sep 30, 2023 | 199.22 Mn |
| Jun 30, 2023 | 295.12 Mn |
| Mar 31, 2023 | 270.71 Mn |
| Dec 31, 2022 | 362.00 Mn |
| Sep 30, 2022 | 183.04 Mn |
| Jun 30, 2022 | 191.99 Mn |
| Mar 31, 2022 | 395.84 Mn |
| Dec 31, 2021 | 129.00 Mn |
| Sep 30, 2021 | 246.56 Mn |