Tencent Music Entertainment (TME) Tax Provisions (2017 - 2026)
Tencent Music Entertainment's (TME) quarterly Tax Provisions came in at -$76.0 million in Q2 2026, down 5.56% year-over-year from -$80.5 million in Q2 2025, and down 15.15% quarter-over-quarter from -$66.0 million in Q1 2026.
Analysis
Tencent Music Entertainment (TME) Tax Provisions (2017 - 2026) Analysis & Trends
Tencent Music Entertainment has disclosed Tax Provisions across 10 years of filings, most recently posting -$76.0 million for Q2 2026.
- In Q2 2026, Tax Provisions fell 5.56% year-over-year to -$76.0 million; the TTM figure through Jun 2026 stood at -$278.0 million (down 14.78% YoY), while the FY2025 annual figure was -$275.0 million, down 25.0% from the prior year.
- Tax Provisions came in at -$76.0 million for Q2 2026 at Tencent Music Entertainment, down from -$66.0 million in the prior quarter.
- In the past five years, Tax Provisions ranged from a high of -$14.0 million in Q1 2022 to a low of -$76.0 million in Q2 2026.
- Average Tax Provisions over 5 years is -$45.9 million, with a median of -$52.1 million recorded in 2024.
- Year-over-year, Tax Provisions increased 26.32% in 2022 and slumped 126.92% in 2024.
- Over 5 years, Tax Provisions stood at -$24.0 million in 2022, then plunged by 75.0% to -$42.0 million in 2023, then sank by 38.1% to -$58.0 million in 2024, then retreated by 18.97% to -$69.0 million in 2025, then slipped by 10.14% to -$76.0 million in 2026.
- Per Business Quant data, the three most recent Tax Provisions figures were -$76.0 million in Q2 2026, -$66.0 million in Q1 2026, and -$69.0 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 298.93 Bn | 289.80 Bn | 6.52 Bn | 667.17 Mn |
| 2 | Spotify Technology | 104.93 Bn | 94.01 Bn | 1.86 Bn | 203.41 Mn |
| 3 | Tencent Music Entertainment | 12.20 Bn | 9.10 Bn | 582.00 Mn | -76.00 Mn |
| 4 | FuboTV | 1.09 Bn | 3.01 Bn | 399.10 Mn | -1.21 Mn |
| 5 | iQIYI | 974.56 Mn | 490.38 Mn | 152.37 Mn | -32.28 Mn |
| 6 | Huya | 920.96 Mn | 560.70 Mn | 37.58 Mn | -268,000.00 |
| 7 | Mega Matrix | 211.73 Mn | 204.42 Mn | 3.03 Mn | -200.00 |
| 8 | Kaltura | 203.35 Mn | 172.05 Mn | 34.54 Mn | 2.46 Mn |
| 9 | CuriosityStream | 164.31 Mn | 115.92 Mn | 16.93 Mn | 434,000.00 |
| 10 | Cineverse | 50.40 Mn | 46.08 Mn | 10.66 Mn | 19,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -76.00 Mn |
| Mar 31, 2026 | -66.00 Mn |
| Dec 31, 2025 | -69.00 Mn |
| Sep 30, 2025 | -67.00 Mn |
| Jun 30, 2025 | -72.00 Mn |
| Mar 31, 2025 | -61.00 Mn |
| Dec 31, 2024 | -58.00 Mn |
| Sep 30, 2024 | -51.21 Mn |
| Jun 30, 2024 | -59.00 Mn |
| Mar 31, 2024 | -53.00 Mn |
| Dec 31, 2023 | -42.00 Mn |
| Sep 30, 2023 | -24.00 Mn |
| Jun 30, 2023 | -26.00 Mn |
| Mar 31, 2023 | -24.00 Mn |
| Dec 31, 2022 | -24.00 Mn |
| Sep 30, 2022 | -21.00 Mn |
| Jun 30, 2022 | -19.00 Mn |
| Mar 31, 2022 | -14.00 Mn |
| Dec 31, 2021 | -12.00 Mn |
| Sep 30, 2021 | -16.00 Mn |