Tencent Music Entertainment (TCMEF) Goodwill (2016 - 2026)
Tencent Music Entertainment's (TCMEF) quarterly Goodwill came in at $4.4 billion in Q2 2026, up 53.52% year-over-year from $2.9 billion in Q2 2025, and up 47.38% quarter-over-quarter from $3.0 billion in Q1 2026.
Analysis
Tencent Music Entertainment (TCMEF) Goodwill (2016 - 2026) Analysis & Trends
Tencent Music Entertainment has disclosed Goodwill across 11 years of filings, most recently posting $4.4 billion for Q2 2026.
- In Q2 2026, Goodwill rose 53.52% year-over-year to $4.4 billion; the TTM figure through Jun 2026 stood at $4.4 billion (up 53.52% YoY), while the FY2025 annual figure was $2.9 billion, up 8.99% from the prior year.
- Goodwill came in at $4.4 billion for Q2 2026 at Tencent Music Entertainment, up from $3.0 billion in the prior quarter.
- In the past five years, Goodwill ranged from a high of $4.4 billion in Q2 2026 to a low of $2.7 billion in Q3 2023.
- Average Goodwill over 5 years is $2.9 billion, with a median of $2.7 billion recorded in 2022.
- Year-over-year, Goodwill retreated 8.36% in 2022 and surged 53.52% in 2026.
- Over 5 years, Goodwill stood at $2.7 billion in 2022, then dropped by 0.97% to $2.7 billion in 2023, then gained by 0.77% to $2.7 billion in 2024, then rose by 5.78% to $2.9 billion in 2025, then jumped by 51.59% to $4.4 billion in 2026.
- Per Business Quant data, the three most recent Goodwill figures were $4.4 billion in Q2 2026, $3.0 billion in Q1 2026, and $2.9 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Netflix | 320.57 Bn | 311.44 Bn | 6.52 Bn |
| 2 | Spotify Technology | 108.62 Bn | 97.70 Bn | 1.86 Bn |
| 3 | Tencent Music Entertainment | 7.00 Bn | 3.91 Bn | 582.00 Mn |
| 4 | Huya | 481.71 Mn | 121.45 Mn | 37.58 Mn |
| 5 | iQIYI | 411.33 Mn | -59.57 Mn | 152.37 Mn |
| 6 | FuboTV | 316.95 Mn | -135.46 Mn | 399.10 Mn |
| 7 | Kaltura | 216.95 Mn | 185.65 Mn | 34.54 Mn |
| 8 | CuriosityStream | 155.08 Mn | 106.68 Mn | 16.93 Mn |
| 9 | LiveOne | 48.72 Mn | 40.07 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 | 4.39 Bn |
| Mar 31, 2026 | 2.98 Bn |
| Dec 31, 2025 | 2.89 Bn |
| Sep 30, 2025 | 2.88 Bn |
| Jun 30, 2025 | 2.86 Bn |
| Mar 31, 2025 | 2.71 Bn |
| Dec 31, 2024 | 2.74 Bn |
| Jun 30, 2024 | 2.70 Bn |
| Mar 31, 2024 | 2.71 Bn |
| Dec 31, 2023 | 2.71 Bn |
| Sep 30, 2023 | 2.68 Bn |
| Jun 30, 2023 | 2.69 Bn |
| Mar 31, 2023 | 2.85 Bn |
| Dec 31, 2022 | 2.74 Bn |
| Sep 30, 2022 | 2.74 Bn |
| Jun 30, 2022 | 2.91 Bn |
| Mar 31, 2022 | 3.02 Bn |
| Dec 31, 2021 | 2.99 Bn |
| Sep 30, 2021 | 2.96 Bn |
| Jun 30, 2021 | 2.95 Bn |