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.
Analysis
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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | -429.04 Bn |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | -90.26 Bn |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | -6.92 Bn |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | -9.10 Bn |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | -2.79 Bn | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | -2.14 Bn |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | -3.09 Bn |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | -1.27 Bn | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | -583.81 Mn |
| 10 | Snap | 9.26 Bn | 6.60 Bn | 931.11 Mn | -2.66 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -3.09 Bn |
| Mar 31, 2026 | -2.26 Bn |
| Dec 31, 2025 | -806.76 Mn |
| Sep 30, 2025 | -1.20 Bn |
| Jun 30, 2025 | -1.19 Bn |
| Mar 31, 2025 | -1.39 Bn |
| Dec 31, 2024 | 1.83 Bn |
| Jun 30, 2024 | -1.60 Bn |
| Mar 31, 2024 | -1.22 Bn |
| Dec 31, 2023 | 193.19 Mn |
| Sep 30, 2023 | -1.54 Bn |
| Jun 30, 2023 | -1.69 Bn |
| Mar 31, 2023 | -1.62 Bn |
| Dec 31, 2022 | 3.57 Bn |
| Sep 30, 2022 | -2.61 Bn |
| Jun 30, 2022 | -1.51 Bn |
| Mar 31, 2022 | -1.37 Bn |
| Dec 31, 2021 | -3.40 Bn |
| Sep 30, 2021 | -858.49 Mn |
| Jun 30, 2021 | -1.33 Bn |