Tencent Music Entertainment (TME) Common Equity (2016 - 2026)
Tencent Music Entertainment's Common Equity was $11.95 billion in Q2 2026, down 0.9% from $12.06 billion a year earlier but up 6.9% from the prior quarter.
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Analysis
Tencent Music Entertainment (TME) Common Equity (2016 - 2026) Analysis & Trends
At the end of FY2025, Common Equity at Tencent Music Entertainment came in at $11.88 billion, up 24.3% from FY2024.
- Common Equity has now increased for three consecutive years, with a five-year compound annual growth rate of 8.0% (FY2020 to FY2025).
- In earlier years, Common Equity was $9.55 billion in FY2024 (+18.6%), $8.06 billion in FY2023 (+13.1%), $7.12 billion in FY2022 (-11.1%) and $8.01 billion in FY2021 (-0.9%).
- Quarterly Common Equity has moved between $6.79 billion (Q3 2022) and $12.06 billion (Q2 2025) over five years.
- Compared with a year earlier, Common Equity was higher in five of the last six quarters, with growth averaging 18.7%.
- The best year-over-year quarter for Common Equity over five years was Q2 2025 (growth of 39.4%); the worst was Q3 2022 (a decline of 13.6%).
- Per Business Quant data, TME's Common Equity in the three quarters before Q2 2026 was $11.18 billion (Q1 2026), $11.71 billion (Q4 2025) and $12 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,185.47 Bn | 3,943.00 Bn | 73.85 Bn | 640.48 Bn |
| 2 | Meta Platforms | 1,794.56 Bn | 1,497.08 Bn | 49.47 Bn | 261.22 Bn |
| 3 | Netflix | 292.71 Bn | 252.90 Bn | 6.52 Bn | 30.15 Bn |
| 4 | Alibaba Group Holding | 251.74 Bn | 65.51 Bn | 15.11 Bn | 163.05 Bn |
| 5 | Shopify | 221.57 Bn | 198.76 Bn | 1.71 Bn | 12.68 Bn |
| 6 | Uber Technologies | 142.45 Bn | 114.25 Bn | 6.38 Bn | 28.22 Bn |
| 7 | Booking Holdings | 124.83 Bn | 57.88 Bn | - | -10.78 Bn |
| 8 | PDD Holdings | 113.76 Bn | -130.01 Bn | 9.45 Bn | 66.00 Bn |
| 9 | Spotify Technology | 106.73 Bn | 64.23 Bn | 1.86 Bn | 9.58 Bn |
| 10 | Tencent Music Entertainment | 13.26 Bn | -9.47 Bn | 579.95 Mn | 11.52 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.52 Bn |
| Mar 31, 2026 | 11.16 Bn |
| Dec 31, 2025 | 11.48 Bn |
| Sep 30, 2025 | 12.00 Bn |
| Jun 30, 2025 | 12.04 Bn |
| Mar 31, 2025 | 10.35 Bn |
| Dec 31, 2024 | 9.55 Bn |
| Jun 30, 2024 | 8.65 Bn |
| Mar 31, 2024 | 8.41 Bn |
| Dec 31, 2023 | 8.05 Bn |
| Sep 30, 2023 | 7.56 Bn |
| Jun 30, 2023 | 7.54 Bn |
| Mar 31, 2023 | 7.58 Bn |
| Dec 31, 2022 | 7.06 Bn |
| Sep 30, 2022 | 6.78 Bn |
| Jun 30, 2022 | 7.21 Bn |
| Mar 31, 2022 | 7.76 Bn |
| Dec 31, 2021 | 8.01 Bn |
| Sep 30, 2021 | 7.82 Bn |
| Jun 30, 2021 | 8.10 Bn |
API Access
Tencent Music Entertainment Common Equity API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=common-equity&ticker=TME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "common-equity", "ticker": "TME", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=common-equity&ticker=TME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();