Tencent Music Entertainment (TCMEF) Operating Leases (2018 - 2025)
Tencent Music Entertainment recorded quarterly Operating Leases of $28.2 million in Q4 2025, down 7.51% quarter-over-quarter from $30.5 million in Q4 2024, and down 7.51% year-over-year from $30.5 million in Q4 2024.
Tencent Music Entertainment's Operating Leases history runs 8 years deep, the most recent figure standing at $28.2 million for Q4 2025.
- In Q4 2025, Operating Leases fell 7.51% year-over-year to $28.2 million; the TTM figure through Dec 2025 stood at $28.2 million (down 7.51% YoY), while the FY2025 annual figure was $28.2 million, down 7.51% from the prior year.
- Operating Leases came in at $28.2 million for Q4 2025 at Tencent Music Entertainment, down from $30.5 million in the prior quarter.
- In the past five years, Operating Leases ranged from a high of $43.0 million in Q4 2022 to a low of $28.2 million in Q4 2025.
- A 5-year average of $35.0 million and a median of $32.1 million in 2021 frame the typical range for Operating Leases.
- Across the five-year window, Operating Leases soared 34.18% in 2022 and slipped 26.09% in 2024, its largest moves.
- Tencent Music Entertainment's Operating Leases stood at $32.1 million in 2021, then jumped by 34.18% to $43.0 million in 2022, then declined by 4.13% to $41.2 million in 2023, then retreated by 26.09% to $30.5 million in 2024, then declined by 7.51% to $28.2 million in 2025.
- According to Business Quant data, Operating Leases over the past three periods registered $28.2 million, $30.5 million, and $41.2 million for Q4 2025, Q4 2024, and Q4 2023 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,554.43 Bn | 4,338.81 Bn | 102.29 Bn |
| 2 | Meta Platforms | 1,602.78 Bn | 1,521.60 Bn | 46.09 Bn |
| 3 | Spotify Technology | 119.86 Bn | 109.62 Bn | 1.75 Bn |
| 4 | 33.71 Bn | 30.94 Bn | 511.94 Mn | |
| 5 | Nebius | 22.38 Bn | 22.38 Bn | 295.20 Mn |
| 6 | 12.76 Bn | 11.46 Bn | 768.96 Mn | |
| 7 | Kanzhun | 12.59 Bn | 10.49 Bn | 255.62 Bn |
| 8 | Snap | 9.64 Bn | 6.81 Bn | 1.29 Bn |
| 9 | Match | 8.43 Bn | 7.41 Bn | 653.28 Mn |
| 10 | Tencent Music Entertainment | - | - | 514.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 28.20 Mn |
| Dec 31, 2024 | 30.49 Mn |
| Dec 31, 2023 | 41.25 Mn |
| Dec 31, 2022 | 43.02 Mn |
| Dec 31, 2021 | 32.06 Mn |
| Dec 31, 2020 | 32.89 Mn |
| Dec 31, 2019 | 11.07 Mn |
| Sep 30, 2019 | 12.00 Mn |
| Jun 30, 2019 | 12.00 Mn |
| Mar 31, 2019 | 9.00 Mn |
| Dec 31, 2018 | 14.03 Mn |