Tencent Music Entertainment (TME) Common Equity (2016 - 2026)
Tencent Music Entertainment's (TME) quarterly Common Equity came in at $11.2 billion in Q1 2026, up 7.9% year-on-year from $10.4 billion in Q1 2025, and down 4.5% quarter-over-quarter from $11.7 billion in Q4 2025.
Tencent Music Entertainment (TME) Common Equity (2016 - 2026) Analysis & Trends
Tencent Music Entertainment has disclosed Common Equity across 11 years of filings, most recently posting $11.2 billion for Q1 2026.
- Common Equity for Q1 2026 came in at $11.2 billion, up 7.9% year-over-year; the trailing twelve-month figure through Mar 2026 was $11.2 billion (up 7.9% YoY), and the FY2025 annual result was $11.9 billion, up 24.33% from the prior year.
- Common Equity came in at $11.2 billion for Q1 2026 at Tencent Music Entertainment, down from $11.7 billion in the prior quarter.
- In the past five years, Common Equity ranged from a high of $12.1 billion in Q2 2025 to a low of $6.8 billion in Q3 2022.
- The 5-year median for Common Equity is $8.2 billion (2023), against an average of $9.0 billion.
- Across the five-year window, Common Equity dropped 13.57% in 2022 and surged 39.36% in 2025, its largest moves.
- Tencent Music Entertainment's Common Equity stood at $6.9 billion in 2022, then rose by 15.02% to $7.9 billion in 2023, then climbed by 22.18% to $9.7 billion in 2024, then gained by 20.63% to $11.7 billion in 2025, then declined by 4.5% to $11.2 billion in 2026.
- The last three Common Equity figures came in at $11.2 billion (Q1 2026), $11.7 billion (Q4 2025), and $12.0 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Nebius | 1,913,603.98 Bn | 1,913,603.98 Bn | 295.20 Mn | 7.24 Bn |
| 2 | Alphabet | 4,425.33 Bn | 4,209.71 Bn | 102.29 Bn | 478.75 Bn |
| 3 | Meta Platforms | 1,502.66 Bn | 1,421.48 Bn | 46.09 Bn | 243.68 Bn |
| 4 | Spotify Technology | 119.69 Bn | 109.44 Bn | 1.75 Bn | 9.38 Bn |
| 5 | 33.22 Bn | 30.45 Bn | 511.94 Mn | 3.18 Bn | |
| 6 | 13.64 Bn | 12.34 Bn | 768.96 Mn | 2.85 Bn | |
| 7 | Kanzhun | 13.02 Bn | 10.92 Bn | 255.62 Bn | - |
| 8 | Snap | 9.72 Bn | 6.90 Bn | 1.29 Bn | 2.08 Bn |
| 9 | Zillow | 8.26 Bn | 7.48 Bn | 519.00 Mn | 4.41 Bn |
| 10 | Tencent Music Entertainment | 2.62 Bn | 1.40 Bn | 514.00 Mn | 11.18 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 11.18 Bn |
| Dec 31, 2025 | 11.71 Bn |
| Sep 30, 2025 | 12.00 Bn |
| Jun 30, 2025 | 12.06 Bn |
| Mar 31, 2025 | 10.36 Bn |
| Dec 31, 2024 | 9.71 Bn |
| Jun 30, 2024 | 8.65 Bn |
| Mar 31, 2024 | 8.41 Bn |
| Dec 31, 2023 | 7.94 Bn |
| Sep 30, 2023 | 7.56 Bn |
| Jun 30, 2023 | 7.55 Bn |
| Mar 31, 2023 | 7.58 Bn |
| Dec 31, 2022 | 6.91 Bn |
| Sep 30, 2022 | 6.79 Bn |
| Jun 30, 2022 | 7.21 Bn |
| Mar 31, 2022 | 7.76 Bn |
| Dec 31, 2021 | 7.99 Bn |
| Sep 30, 2021 | 7.86 Bn |
| Jun 30, 2021 | 8.11 Bn |
| Mar 31, 2021 | 8.05 Bn |