Tencent Music Entertainment Group (TCMEF) Cost of Revenue (2016 - 2026)

Tencent Music Entertainment (TCMEF) has 11 years of Cost of Revenue data on file, last reported at $630.0 million in Q1 2026.

• Quarterly Cost of Revenue rose 11.11% year-over-year to $630.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $2.6 billion (up 16.02% YoY) and the FY2025 annual result came in at $2.6 billion, up 17.02% from the prior year.
• Cost of Revenue eased to $630.0 million in Q1 2026 per TCMEF's latest filing, from $683.0 million in the prior quarter.
• The five-year high for Cost of Revenue was $755.0 million in Q1 2022, with the low at $554.0 million in Q1 2024.
• Average Cost of Revenue over 5 years is $640.5 million, with a median of $655.0 million recorded in 2025.
• Year-over-year, Cost of Revenue declined 18.89% in 2024 and rose 19.69% in 2025.
• Tencent Music Entertainment's Cost of Revenue stood at $722.0 million in 2022, then decreased by 17.04% to $599.0 million in 2023, then decreased by 3.84% to $576.0 million in 2024, then increased by 18.58% to $683.0 million in 2025, then retreated by 7.76% to $630.0 million in 2026.
• Business Quant data shows TCMEF's Cost of Revenue at $630.0 million in Q1 2026, $683.0 million in Q4 2025, and $672.0 million in Q3 2025.