Tencent Music Entertainment (TME) Receivables (2017 - 2026)
Tencent Music Entertainment's (TME) quarterly Receivables came in at $552.2 million in Q1 2026, up 25.22% year-on-year from $441.0 million in Q1 2025, and down 4.5% quarter-over-quarter from $578.2 million in Q4 2025.
Tencent Music Entertainment (TME) Receivables (2017 - 2026) Analysis & Trends
Tencent Music Entertainment has disclosed Receivables across 10 years of filings, most recently posting $552.2 million for Q1 2026.
- Receivables for Q1 2026 came in at $552.2 million, up 25.22% year-over-year; the trailing twelve-month figure through Mar 2026 was $552.2 million (up 25.22% YoY), and the FY2025 annual result was $585.9 million, up 15.46% from the prior year.
- Receivables came in at $552.2 million for Q1 2026 at Tencent Music Entertainment, down from $578.2 million in the prior quarter.
- In the past five years, Receivables ranged from a high of $578.2 million in Q4 2025 to a low of $345.9 million in Q3 2023.
- The 5-year median for Receivables is $429.7 million (2022), against an average of $447.8 million.
- Across the five-year window, Receivables sank 51.28% in 2022 and increased 25.22% in 2026, its largest moves.
- Tencent Music Entertainment's Receivables stood at $466.4 million in 2022, then retreated by 10.18% to $418.9 million in 2023, then grew by 23.63% to $517.9 million in 2024, then increased by 11.65% to $578.2 million in 2025, then retreated by 4.5% to $552.2 million in 2026.
- The last three Receivables figures came in at $552.2 million (Q1 2026), $578.2 million (Q4 2025), and $514.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Nebius | 1,913,603.98 Bn | 1,913,603.98 Bn | 295.20 Mn | 0.90 |
| 2 | Alphabet | 4,425.33 Bn | 4,209.71 Bn | 102.29 Bn | 63.00 Bn |
| 3 | Meta Platforms | 1,502.66 Bn | 1,421.48 Bn | 46.09 Bn | 17.47 Bn |
| 4 | Spotify Technology | 119.69 Bn | 109.44 Bn | 1.75 Bn | 799.62 Mn |
| 5 | 33.22 Bn | 30.45 Bn | 511.94 Mn | 522.91 Mn | |
| 6 | 13.64 Bn | 12.34 Bn | 768.96 Mn | 830.38 Mn | |
| 7 | Kanzhun | 13.02 Bn | 10.92 Bn | 255.62 Bn | 6.91 Mn |
| 8 | Snap | 9.72 Bn | 6.90 Bn | 1.29 Bn | 1.19 Bn |
| 9 | Zillow | 8.26 Bn | 7.48 Bn | 519.00 Mn | 153.00 Mn |
| 10 | Tencent Music Entertainment | 2.62 Bn | 1.40 Bn | 514.00 Mn | 552.22 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 552.22 Mn |
| Dec 31, 2025 | 578.21 Mn |
| Sep 30, 2025 | 514.44 Mn |
| Jun 30, 2025 | 515.54 Mn |
| Mar 31, 2025 | 441.00 Mn |
| Dec 31, 2024 | 517.88 Mn |
| Jun 30, 2024 | 417.72 Mn |
| Mar 31, 2024 | 392.69 Mn |
| Dec 31, 2023 | 418.88 Mn |
| Sep 30, 2023 | 345.90 Mn |
| Jun 30, 2023 | 351.08 Mn |
| Mar 31, 2023 | 397.88 Mn |
| Dec 31, 2022 | 466.38 Mn |
| Sep 30, 2022 | 426.32 Mn |
| Jun 30, 2022 | 433.00 Mn |
| Mar 31, 2022 | 396.00 Mn |
| Dec 31, 2021 | 957.23 Mn |
| Sep 30, 2021 | 415.20 Mn |
| Jun 30, 2021 | 403.00 Mn |
| Mar 31, 2021 | 430.00 Mn |