Tencent Music Entertainment (TME) Enterprise Value (2016 - 2026)
Tencent Music Entertainment (TME) posted Enterprise Value of -$2.3 billion for Q1 2026, down 171.18% sequentially from -$847.4 million in Q4 2025, and down 60.69% YoY from -$5.8 billion in Q1 2025.
Tencent Music Entertainment (TME) Enterprise Value (2016 - 2026) Analysis & Trends
Tencent Music Entertainment has reported Enterprise Value for 11 years, with the latest figure at -$2.3 billion in Q1 2026.
- Quarterly Enterprise Value fell 60.69% year-over-year to -$2.3 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$2.3 billion (down 60.69% YoY) and the FY2025 annual result came in at -$859.0 million, up 45.97% from the prior year.
- Enterprise Value declined to -$2.3 billion in Q1 2026 per TME's latest filing, from -$847.4 million in the prior quarter.
- Over five years, Enterprise Value peaked at -$847.4 million in Q4 2025 and troughed at -$3.5 billion in Q4 2024.
- A 5-year average of -$1.6 billion and a median of -$1.4 billion in 2022 frame the typical range for Enterprise Value.
- The sharpest annual moves came in 2024 and 2025: Enterprise Value sank 101.01% in 2024, then jumped 75.94% in 2025.
- Over 5 years, Enterprise Value stood at -$1.2 billion in 2022, then tumbled by 40.53% to -$1.8 billion in 2023, then tumbled by 101.01% to -$3.5 billion in 2024, then surged by 75.94% to -$847.4 million in 2025, then sank by 171.18% to -$2.3 billion in 2026.
- According to Business Quant data, Enterprise Value over the past three periods registered -$2.3 billion, -$847.4 million, and -$1.2 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,239.00 Bn | 3,809.96 Bn | 73.85 Bn | -429.04 Bn |
| 2 | Meta Platforms | 1,535.20 Bn | 1,444.94 Bn | 49.47 Bn | -90.26 Bn |
| 3 | Taboola.com | 1,139.07 Bn | 1,138.93 Bn | 139.48 Mn | -133.05 Mn |
| 4 | Baidu | 289.02 Bn | 284.53 Bn | 1.88 Mn | -2.55 Bn |
| 5 | Spotify Technology | 102.92 Bn | 92.68 Bn | 1.75 Bn | -10.24 Bn |
| 6 | Joyy | 77.84 Bn | 76.96 Bn | 205.64 Mn | -578.85 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | -170.00 |
| 8 | Nebius | 49.06 Bn | 39.43 Bn | 295.20 Mn | -9.63 Bn |
| 9 | 30.48 Bn | 27.70 Bn | 734.60 Mn | -2.79 Bn | |
| 10 | Tencent Music Entertainment | 27.04 Bn | 24.34 Bn | 514.00 Mn | -2.30 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -2.30 Bn |
| Dec 31, 2025 | -847.37 Mn |
| Sep 30, 2025 | -1.24 Bn |
| Jun 30, 2025 | -1.21 Bn |
| Mar 31, 2025 | -1.43 Bn |
| Dec 31, 2024 | -3.52 Bn |
| Jun 30, 2024 | -1.51 Bn |
| Mar 31, 2024 | -1.26 Bn |
| Dec 31, 2023 | -1.75 Bn |
| Sep 30, 2023 | -1.59 Bn |
| Jun 30, 2023 | -1.67 Bn |
| Mar 31, 2023 | -1.65 Bn |
| Dec 31, 2022 | -1.25 Bn |
| Sep 30, 2022 | -1.10 Bn |
| Jun 30, 2022 | -1.39 Bn |
| Mar 31, 2022 | -1.25 Bn |
| Dec 31, 2021 | -952.38 Mn |
| Sep 30, 2021 | -716.00 Mn |
| Jun 30, 2021 | -1.03 Bn |
| Mar 31, 2021 | -1.54 Bn |