Tencent Music Entertainment (TME) EV to EBIT (2018 - 2026)
Tencent Music Entertainment's (TME) quarterly EV to EBIT came in at 6.22 in Q2 2026, down 61.2% year-over-year from 16.04 in Q2 2025, and down 11.72% quarter-over-quarter from 7.05 in Q1 2026.
Analysis
Tencent Music Entertainment (TME) EV to EBIT (2018 - 2026) Analysis & Trends
Tencent Music Entertainment has disclosed EV to EBIT across 9 years of filings, most recently posting 6.22 for Q2 2026.
- In Q2 2026, EV to EBIT fell 61.2% year-over-year to 6.22; the TTM figure through Jun 2026 stood at 6.22 (down 61.2% YoY), while the FY2025 annual figure was 12.83, up 8.46% from the prior year.
- EV to EBIT came in at 6.22 for Q2 2026 at Tencent Music Entertainment, down from 7.05 in the prior quarter.
- In the past five years, EV to EBIT ranged from a high of 25.53 in Q4 2022 to a low of 6.22 in Q2 2026.
- Average EV to EBIT over 5 years is 14.11, with a median of 13.54 recorded in 2022.
- Year-over-year, EV to EBIT tumbled 71.53% in 2022 and surged 107.08% in 2024.
- Over 5 years, EV to EBIT stood at 25.53 in 2022, then fell by 28.67% to 18.21 in 2023, then slumped by 36.03% to 11.65 in 2024, then grew by 23.18% to 14.35 in 2025, then slumped by 56.63% to 6.22 in 2026.
- Per Business Quant data, the three most recent EV to EBIT figures were 6.22 in Q2 2026, 7.05 in Q1 2026, and 14.35 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Netflix | 325.83 Bn | 316.70 Bn | 6.52 Bn |
| 2 | Spotify Technology | 111.63 Bn | 100.71 Bn | 1.86 Bn |
| 3 | Tencent Music Entertainment | 13.00 Bn | 9.90 Bn | 582.00 Mn |
| 4 | FuboTV | 1.22 Bn | 3.14 Bn | 399.10 Mn |
| 5 | Huya | 947.78 Mn | 587.52 Mn | 37.58 Mn |
| 6 | iQIYI | 849.12 Mn | 364.94 Mn | 152.37 Mn |
| 7 | Kaltura | 229.15 Mn | 197.85 Mn | 34.54 Mn |
| 8 | CuriosityStream | 160.17 Mn | 111.78 Mn | 16.93 Mn |
| 9 | Cineverse | 54.91 Mn | 50.59 Mn | 10.66 Mn |
| 10 | LiveOne | 47.57 Mn | 47.56 Mn | 3.94 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.22 |
| Mar 31, 2026 | 7.05 |
| Dec 31, 2025 | 14.35 |
| Sep 30, 2025 | 18.66 |
| Jun 30, 2025 | 16.04 |
| Mar 31, 2025 | 11.83 |
| Dec 31, 2024 | 11.65 |
| Sep 30, 2024 | 18.50 |
| Jun 30, 2024 | 22.16 |
| Mar 31, 2024 | 16.83 |
| Dec 31, 2023 | 18.21 |
| Sep 30, 2023 | 8.93 |
| Jun 30, 2023 | 10.79 |
| Mar 31, 2023 | 14.04 |
| Dec 31, 2022 | 25.53 |
| Sep 30, 2022 | 7.31 |
| Jun 30, 2022 | 13.05 |
| Mar 31, 2022 | 12.75 |
| Dec 31, 2021 | 13.58 |
| Sep 30, 2021 | 16.42 |