Spotify Technology S.A. (SPOT) vs Tencent Music Entertainment Group (TME)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Spotify Technology S.A. (SPOT) has outperformed Tencent Music Entertainment Group (TME) over the past year, losing 22.0% versus a loss of 65.6%. Over five years, SPOT leads with a +112.8% price change compared with +4.2% for TME. Spotify Technology S.A. is the larger company by market cap ($108.22 billion vs $12.97 billion), about 8.3 times the size.
On valuation, Tencent Music Entertainment Group trades at a lower forward P/E (7.9x vs 30.6x for Spotify Technology S.A.). Tencent Music Entertainment Group pays a dividend yielding 21.09%, while Spotify Technology S.A. does not currently pay one.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | SPOT | TME |
|---|---|---|
| Share price | $526.42 | $7.96 |
| Market cap | $108.22B | $12.97B |
| 1-day change | +2.63% | -0.38% |
| YTD return | -9.35% | -54.76% |
| 1-year return | -21.98% | -65.58% |
| 5-year return | +112.78% | +4.20% |
| P/E ratio (TTM) | 30.25 | 9.71 |
| Forward P/E | 30.56 | 7.91 |
| EPS (TTM) | $17.40 | $0.82 |
| Dividend yield | 0.00% | 21.09% |
| Annual dividend | $0.00 | $1.68 |
| 52-week high | $700.12 | $23.86 |
| 52-week low | $405.00 | $7.66 |
| Distance from 52-week high | -24.81% | -66.63% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +12.94% | +58.17% |
| Average volume | 1.67M | 8.34M |
| Shares outstanding | 205.58M | 797.29M |
| Employees | 7,000 | 5,690 |
| Sector | Consumer Discretionary | Consumer Discretionary |
| Industry | Broadcasting | Broadcasting |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Spotify Technology S.A. is about 8.3 times larger than Tencent Music Entertainment Group by market value ($108.22B vs $12.97B).
- SPOT has outperformed TME by 43.6 percentage points over the past year.
- Spotify Technology S.A. trades at a higher earnings multiple (30.3x vs 9.7x trailing P/E).
- Tencent Music Entertainment Group offers a meaningfully higher dividend yield (21.09% vs 0.00%).
About Spotify Technology S.A.
SPOT stock →Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide. It operates in two segments, Premium and Ad-Supported.
Consumer Discretionary · Broadcasting · 7,000 employees
About Tencent Music Entertainment Group
TME stock →Tencent Music Entertainment Group operates online music entertainment platforms that provides music streaming, online karaoke, and live streaming services in the People's Republic of China. It provides QQ Music, Kugou Music, and Kuwo Music that enable users to discover, enjoy, and share music in personalized ways; long-form audio content, including audiobooks, podcasts and talk shows, as well as music-oriented video content comprising music videos, live performances, and short videos; and WeSing, which enables users to sing along from its library of karaoke songs and share their performances in audio or video formats with friends.
Consumer Discretionary · Broadcasting · 5,690 employees
SPOT vs TME FAQ
Which is bigger, Spotify Technology S.A. or Tencent Music Entertainment Group?
Spotify Technology S.A. (SPOT) is larger, with a market capitalization of $108.22B compared with $12.97B for Tencent Music Entertainment Group (TME).
Which stock has performed better over the past year, SPOT or TME?
SPOT returned -21.98% over the past 12 months, compared with -65.58% for TME (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, SPOT or TME?
TME has the lower trailing P/E at 9.7, versus 30.3 for SPOT. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Spotify Technology S.A. or Tencent Music Entertainment Group?
Tencent Music Entertainment Group pays a dividend yielding 21.09%, while Spotify Technology S.A. does not currently pay a regular dividend.
Are Spotify Technology S.A. and Tencent Music Entertainment Group in the same industry?
Yes. Both are classified in the Broadcasting industry within the Consumer Discretionary sector.