Tencent Music Entertainment (TME) Amortization - Intangibles (2019 - 2023)

Tencent Music Entertainment has reported Amortization - Intangibles for 5 years, with the latest figure at $17.0 million in Q1 2023.

• Quarterly Amortization - Intangibles fell 10.53% year-over-year to $17.0 million in Q1 2023, while the trailing twelve-month figure through Mar 2023 was $71.0 million (down 8.97% YoY) and the FY2022 annual result came in at $72.0 million, down 5.26% from the prior year.
• Amortization - Intangibles slipped to $17.0 million in Q1 2023 per TME's latest filing, from $18.0 million in the prior quarter.
• Over five years, Amortization - Intangibles peaked at $20.0 million in Q3 2021 and troughed at $12.6 million in Q1 2020.
• A 5-year average of $16.4 million and a median of $17.0 million in 2021 frame the typical range for Amortization - Intangibles.
• The sharpest annual moves came in 2021 and 2023: Amortization - Intangibles jumped 35.71% in 2021, then declined 10.53% in 2023.
• Over 5 years, Amortization - Intangibles stood at $12.9 million in 2019, then climbed by 20.38% to $15.5 million in 2020, then grew by 28.68% to $20.0 million in 2021, then declined by 10.0% to $18.0 million in 2022, then dropped by 5.56% to $17.0 million in 2023.
• According to Business Quant data, Amortization - Intangibles over the past three periods registered $17.0 million, $18.0 million, and $18.0 million for Q1 2023, Q4 2022, and Q3 2022 respectively.