Tencent Music Entertainment (TME) Goodwill & Intangibles (2016 - 2026)
Tencent Music Entertainment's Goodwill & Intangibles came in at $5.26 billion for Q2 2026, up 60.1% from $3.28 billion a year earlier and up 56.2% from the prior quarter.
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Analysis
Tencent Music Entertainment (TME) Goodwill & Intangibles (2016 - 2026) Analysis & Trends
At the end of FY2025, Tencent Music Entertainment's Goodwill & Intangibles was $3.35 billion, up 12.6% from FY2024.
- Goodwill & Intangibles carries a five-year compound annual growth rate of 2.3% (FY2020 to FY2025).
- Going back by year, Goodwill & Intangibles was $2.97 billion in FY2024 (-2.1%), $3.04 billion in FY2023 (-4.1%), $3.17 billion in FY2022 (-8.0%) and $3.45 billion in FY2021 (+15.2%).
- The Q2 2026 figure represents the highest quarterly Goodwill & Intangibles in data going back to Q4 2016.
- Year-over-year, Goodwill & Intangibles has increased for three consecutive quarters, with growth averaging 15.2% over the last six quarters.
- The fastest year-over-year change in Goodwill & Intangibles over five years came in Q2 2026 (growth of 60.1%), and the weakest in Q4 2022 (a decline of 10.5%).
- Business Quant data shows TME's Goodwill & Intangibles at $3.36 billion (Q1 2026), $3.3 billion (Q4 2025) and $3.28 billion (Q3 2025) in the three quarters before Q2 2026.
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 | 5.25 Bn |
| Mar 31, 2026 | 3.37 Bn |
| Dec 31, 2025 | 3.35 Bn |
| Sep 30, 2025 | 3.30 Bn |
| Jun 30, 2025 | 3.28 Bn |
| Mar 31, 2025 | 2.98 Bn |
| Dec 31, 2024 | 2.97 Bn |
| Jun 30, 2024 | 2.98 Bn |
| Mar 31, 2024 | 2.99 Bn |
| Dec 31, 2023 | 3.04 Bn |
| Sep 30, 2023 | 2.97 Bn |
| Jun 30, 2023 | 3.00 Bn |
| Mar 31, 2023 | 3.18 Bn |
| Dec 31, 2022 | 3.14 Bn |
| Sep 30, 2022 | 3.09 Bn |
| Jun 30, 2022 | 3.32 Bn |
| Mar 31, 2022 | 3.44 Bn |
| Dec 31, 2021 | 3.44 Bn |
| Sep 30, 2021 | 3.38 Bn |
| Jun 30, 2021 | 3.37 Bn |
API Access
Tencent Music Entertainment Goodwill & Intangibles 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=goodwill-and-intangibles&ticker=TME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "goodwill-and-intangibles", "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=goodwill-and-intangibles&ticker=TME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();