Tencent Music Entertainment (TCMEF) Receivables Refunds (2017 - 2025)
Tencent Music Entertainment recorded quarterly Receivables Refunds of $13.8 million in Q4 2025, up 28.9% quarter-over-quarter from $10.7 million in Q4 2024, and up 28.9% year-over-year from $10.7 million in Q4 2024.
Tencent Music Entertainment's Receivables Refunds history runs 8 years deep, the most recent figure standing at $13.8 million for Q4 2025.
- In Q4 2025, Receivables Refunds rose 28.9% year-over-year to $13.8 million; the TTM figure through Dec 2025 stood at $13.8 million (up 28.9% YoY), while the FY2025 annual figure was $13.8 million, up 28.9% from the prior year.
- Receivables Refunds came in at $13.8 million for Q4 2025 at Tencent Music Entertainment, up from $10.7 million in the prior quarter.
- In the past five years, Receivables Refunds ranged from a high of $25.4 million in Q4 2022 to a low of $10.7 million in Q4 2024.
- A 5-year average of $17.7 million and a median of $17.4 million in 2023 frame the typical range for Receivables Refunds.
- Across the five-year window, Receivables Refunds plunged 38.25% in 2024 and gained 28.9% in 2025, its largest moves.
- Tencent Music Entertainment's Receivables Refunds stood at $21.3 million in 2021, then advanced by 19.64% to $25.4 million in 2022, then slumped by 31.78% to $17.4 million in 2023, then slumped by 38.25% to $10.7 million in 2024, then advanced by 28.9% to $13.8 million in 2025.
- According to Business Quant data, Receivables Refunds over the past three periods registered $13.8 million, $10.7 million, and $17.4 million for Q4 2025, Q4 2024, and Q4 2023 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Refund Receivables (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 | 110.05 Mn |
| 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 | 13.82 Mn |
| Dec 31, 2024 | 10.72 Mn |
| Dec 31, 2023 | 17.36 Mn |
| Dec 31, 2022 | 25.45 Mn |
| Dec 31, 2021 | 21.27 Mn |
| Dec 31, 2019 | 21.71 Mn |
| Dec 31, 2018 | 12.29 Mn |
| Dec 31, 2017 | 12.39 Mn |