Tencent Music Entertainment (TCMEF) Invested Capital (2020 - 2026)
Tencent Music Entertainment's (TCMEF) quarterly Invested Capital came in at $14.8 billion in Q2 2026, up 17.63% year-over-year from $12.6 billion in Q2 2025, and up 30.75% quarter-over-quarter from $11.3 billion in Q1 2026.
Analysis
Tencent Music Entertainment (TCMEF) Invested Capital (2020 - 2026) Analysis & Trends
Tencent Music Entertainment has disclosed Invested Capital across 7 years of filings, most recently posting $14.8 billion for Q2 2026.
- In Q2 2026, Invested Capital rose 17.63% year-over-year to $14.8 billion; the TTM figure through Jun 2026 stood at $14.8 billion (up 17.63% YoY), while the FY2025 annual figure was $12.4 billion, up 23.25% from the prior year.
- Invested Capital came in at $14.8 billion for Q2 2026 at Tencent Music Entertainment, up from $11.3 billion in the prior quarter.
- In the past five years, Invested Capital ranged from a high of $14.8 billion in Q2 2026 to a low of $7.7 billion in Q4 2022.
- Average Invested Capital over 5 years is $10.0 billion, with a median of $9.3 billion recorded in 2024.
- Year-over-year, Invested Capital declined 12.43% in 2022 and soared 32.57% in 2025.
- Over 5 years, Invested Capital stood at $7.7 billion in 2022, then increased by 13.55% to $8.7 billion in 2023, then grew by 16.92% to $10.2 billion in 2024, then increased by 19.58% to $12.2 billion in 2025, then grew by 21.01% to $14.8 billion in 2026.
- Per Business Quant data, the three most recent Invested Capital figures were $14.8 billion in Q2 2026, $11.3 billion in Q1 2026, and $12.2 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 320.42 Bn | 311.29 Bn | 6.52 Bn | 46.95 Bn |
| 2 | Spotify Technology | 108.76 Bn | 97.85 Bn | 1.86 Bn | 9.77 Bn |
| 3 | Tencent Music Entertainment | 7.00 Bn | 3.91 Bn | 582.00 Mn | 14.77 Bn |
| 4 | Huya | 471.41 Mn | 111.15 Mn | 37.58 Mn | 697.02 Mn |
| 5 | iQIYI | 405.20 Mn | -65.69 Mn | 152.37 Mn | 2.90 Bn |
| 6 | FuboTV | 314.19 Mn | -138.22 Mn | 399.10 Mn | 420.25 Mn |
| 7 | Kaltura | 216.95 Mn | 185.65 Mn | 34.54 Mn | 54.95 Mn |
| 8 | CuriosityStream | 153.89 Mn | 105.50 Mn | 16.93 Mn | - |
| 9 | LiveOne | 52.71 Mn | 44.05 Mn | 3.94 Mn | -10.43 Mn |
| 10 | Cineverse | 46.61 Mn | 42.29 Mn | 10.66 Mn | 51.43 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.77 Bn |
| Mar 31, 2026 | 11.29 Bn |
| Dec 31, 2025 | 12.20 Bn |
| Sep 30, 2025 | 12.43 Bn |
| Jun 30, 2025 | 12.55 Bn |
| Mar 31, 2025 | 10.86 Bn |
| Dec 31, 2024 | 10.20 Bn |
| Jun 30, 2024 | 9.47 Bn |
| Mar 31, 2024 | 9.29 Bn |
| Dec 31, 2023 | 8.73 Bn |
| Sep 30, 2023 | 8.42 Bn |
| Jun 30, 2023 | 8.63 Bn |
| Mar 31, 2023 | 8.41 Bn |
| Dec 31, 2022 | 7.69 Bn |
| Sep 30, 2022 | 7.89 Bn |
| Jun 30, 2022 | 8.00 Bn |
| Mar 31, 2022 | 8.56 Bn |
| Dec 31, 2021 | 8.78 Bn |
| Sep 30, 2021 | 8.62 Bn |
| Jun 30, 2021 | 8.90 Bn |