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

Tencent Music Entertainment's Cost of Revenue history runs 11 years deep, the most recent figure standing at $630.0 million for Q1 2026.

• In Q1 2026, Cost of Revenue rose 11.11% year-over-year to $630.0 million; the TTM figure through Mar 2026 stood at $2.6 billion (up 16.02% YoY), while the FY2025 annual figure was $2.6 billion, up 17.02% from the prior year.
• Cost of Revenue came in at $630.0 million for Q1 2026 at Tencent Music Entertainment, down from $683.0 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $755.0 million in Q1 2022 to a low of $554.0 million in Q1 2024.
• A 5-year average of $640.5 million and a median of $655.0 million in 2025 frame the typical range for Cost of Revenue.
• Across the five-year window, Cost of Revenue decreased 18.89% in 2024 and climbed 19.69% in 2025, its largest moves.
• Tencent Music Entertainment's Cost of Revenue stood at $722.0 million in 2022, then fell by 17.04% to $599.0 million in 2023, then fell by 3.84% to $576.0 million in 2024, then climbed by 18.58% to $683.0 million in 2025, then declined by 7.76% to $630.0 million in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $630.0 million, $683.0 million, and $672.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison