Tencent Music Entertainment (TME) Goodwill (2016 - 2026)
Tencent Music Entertainment (TME) posted Goodwill of $3.0 billion for Q1 2026, up 2.86% sequentially from $2.9 billion in Q4 2025, and up 9.9% YoY from $2.7 billion in Q1 2025.
Tencent Music Entertainment (TME) Goodwill (2016 - 2026) Analysis & Trends
Tencent Music Entertainment has reported Goodwill for 11 years, with the latest figure at $3.0 billion in Q1 2026.
- Quarterly Goodwill rose 9.9% year-over-year to $3.0 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $3.0 billion (up 9.9% YoY) and the FY2025 annual result came in at $2.9 billion, up 8.99% from the prior year.
- Goodwill improved to $3.0 billion in Q1 2026 per TME's latest filing, from $2.9 billion in the prior quarter.
- Over five years, Goodwill peaked at $3.0 billion in Q1 2022 and troughed at $2.7 billion in Q3 2023.
- A 5-year average of $2.8 billion and a median of $2.7 billion in 2022 frame the typical range for Goodwill.
- The sharpest annual moves came in 2022 and 2026: Goodwill decreased 8.36% in 2022, then increased 9.9% in 2026.
- Over 5 years, Goodwill stood at $2.7 billion in 2022, then fell by 0.97% to $2.7 billion in 2023, then climbed by 0.77% to $2.7 billion in 2024, then advanced by 5.78% to $2.9 billion in 2025, then increased by 2.86% to $3.0 billion in 2026.
- According to Business Quant data, Goodwill over the past three periods registered $3.0 billion, $2.9 billion, and $2.9 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,201.69 Bn | 3,772.66 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,537.64 Bn | 1,447.38 Bn | 49.47 Bn |
| 3 | Taboola.com | 1,133.50 Bn | 1,133.37 Bn | 139.48 Mn |
| 4 | Baidu | 288.92 Bn | 284.42 Bn | 1.88 Mn |
| 5 | Spotify Technology | 102.35 Bn | 92.11 Bn | 1.75 Bn |
| 6 | Joyy | 77.62 Bn | 76.74 Bn | 205.64 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 |
| 8 | Nebius | 49.30 Bn | 39.67 Bn | 295.20 Mn |
| 9 | 30.45 Bn | 27.66 Bn | 734.60 Mn | |
| 10 | Tencent Music Entertainment | 26.95 Bn | 24.24 Bn | 514.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.98 Bn |
| Dec 31, 2025 | 2.89 Bn |
| Sep 30, 2025 | 2.88 Bn |
| Jun 30, 2025 | 2.86 Bn |
| Mar 31, 2025 | 2.71 Bn |
| Dec 31, 2024 | 2.74 Bn |
| Jun 30, 2024 | 2.70 Bn |
| Mar 31, 2024 | 2.71 Bn |
| Dec 31, 2023 | 2.71 Bn |
| Sep 30, 2023 | 2.68 Bn |
| Jun 30, 2023 | 2.69 Bn |
| Mar 31, 2023 | 2.85 Bn |
| Dec 31, 2022 | 2.74 Bn |
| Sep 30, 2022 | 2.74 Bn |
| Jun 30, 2022 | 2.91 Bn |
| Mar 31, 2022 | 3.02 Bn |
| Dec 31, 2021 | 2.99 Bn |
| Sep 30, 2021 | 2.96 Bn |
| Jun 30, 2021 | 2.95 Bn |
| Mar 31, 2021 | 2.91 Bn |