Tencent Music Entertainment (TME) Enterprise Value (2018 - 2026)
Tencent Music Entertainment (TME) reported Enterprise Value of $10.04 billion for Q2 2026, down 62.9% from $27.09 billion a year earlier and down 2.3% from the prior quarter.
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Analysis
Tencent Music Entertainment (TME) Enterprise Value (2018 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Tencent Music Entertainment's Enterprise Value came in at $620.3 million, down 96.8% year-over-year; for FY2025, it was $24.8 billion, up 70.7% from FY2024.
- Enterprise Value has increased for four consecutive years, though with a five-year compound annual growth rate of -3.6% (FY2020 to FY2025).
- By year, Enterprise Value came in at $14.53 billion in FY2024 (+30.8%), $11.11 billion in FY2023 (+0.2%), $11.08 billion in FY2022 (+7.6%) and $10.29 billion in FY2021 (-65.4%).
- The Q2 2026 figure ranks as the lowest quarterly Enterprise Value since Q3 2023.
- Year over year, Enterprise Value gained in six of the last eight quarters, with growth averaging 36.2%.
- The high point for year-over-year Enterprise Value in five years was Q3 2024 (growth of 132.8%); the low point was Q1 2022 (a decline of 79.0%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $10.28 billion (Q1 2026), $26.79 billion (Q4 2025) and $32.87 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,185.47 Bn | 3,943.00 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,794.56 Bn | 1,497.08 Bn | 49.47 Bn |
| 3 | Netflix | 292.71 Bn | 252.90 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 251.74 Bn | 65.51 Bn | 15.11 Bn |
| 5 | Shopify | 221.57 Bn | 198.76 Bn | 1.71 Bn |
| 6 | Uber Technologies | 142.45 Bn | 114.25 Bn | 6.38 Bn |
| 7 | Booking Holdings | 124.83 Bn | 57.88 Bn | - |
| 8 | PDD Holdings | 113.76 Bn | -130.01 Bn | 9.45 Bn |
| 9 | Spotify Technology | 106.73 Bn | 64.23 Bn | 1.86 Bn |
| 10 | Tencent Music Entertainment | 13.26 Bn | -9.47 Bn | 579.95 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.25 Bn |
| Mar 31, 2026 | 9.47 Bn |
| Dec 31, 2025 | 23.03 Bn |
| Sep 30, 2025 | 30.44 Bn |
| Jun 30, 2025 | 24.09 Bn |
| Mar 31, 2025 | 17.42 Bn |
| Dec 31, 2024 | 13.97 Bn |
| Sep 30, 2024 | 18.81 Bn |
| Jun 30, 2024 | 19.06 Bn |
| Mar 31, 2024 | 15.03 Bn |
| Dec 31, 2023 | 11.42 Bn |
| Sep 30, 2023 | 7.94 Bn |
| Jun 30, 2023 | 9.42 Bn |
| Mar 31, 2023 | 10.97 Bn |
| Dec 31, 2022 | 11.58 Bn |
| Sep 30, 2022 | 5.24 Bn |
| Jun 30, 2022 | 6.51 Bn |
| Mar 31, 2022 | 6.12 Bn |
| Dec 31, 2021 | 9.31 Bn |
| Sep 30, 2021 | 10.22 Bn |
API Access
Tencent Music Entertainment Enterprise Value 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=enterprise-value&ticker=TME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "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=enterprise-value&ticker=TME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();