Tencent Music Entertainment (TCMEF) Operating Expenses (2017 - 2026)
Tencent Music Entertainment recorded quarterly Operating Expenses of -$176.0 million in Q1 2026, up 1.12% quarter-over-quarter from -$178.0 million in Q4 2025, and down 11.39% year-over-year from -$198.6 million in Q1 2025.
Tencent Music Entertainment's Operating Expenses history runs 10 years deep, the most recent figure standing at -$176.0 million for Q1 2026.
- In Q1 2026, Operating Expenses fell 11.39% year-over-year to -$176.0 million; the TTM figure through Mar 2026 stood at -$699.0 million (down 8.05% YoY), while the FY2025 annual figure was -$695.0 million, down 8.42% from the prior year.
- Operating Expenses came in at -$176.0 million for Q1 2026 at Tencent Music Entertainment, up from -$178.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of -$157.0 million in Q1 2024 to a low of -$212.0 million in Q1 2022.
- A 5-year average of -$178.2 million and a median of -$176.0 million in 2026 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses jumped 30.88% in 2022 and fell 11.39% in 2026, its largest moves.
- Tencent Music Entertainment's Operating Expenses stood at -$197.0 million in 2022, then increased by 9.64% to -$178.0 million in 2023, then climbed by 9.55% to -$161.0 million in 2024, then declined by 10.56% to -$178.0 million in 2025, then rose by 1.12% to -$176.0 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered -$176.0 million, -$178.0 million, and -$184.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,554.43 Bn | 4,338.81 Bn | 102.29 Bn | 70.20 Bn |
| 2 | Meta Platforms | 1,602.78 Bn | 1,521.60 Bn | 46.09 Bn | 33.44 Bn |
| 3 | Spotify Technology | 119.86 Bn | 109.62 Bn | 1.75 Bn | 512.79 Mn |
| 4 | 33.71 Bn | 30.94 Bn | 511.94 Mn | 480.50 Mn | |
| 5 | Nebius | 22.38 Bn | 22.38 Bn | 295.20 Mn | 527.00 Mn |
| 6 | 12.76 Bn | 11.46 Bn | 768.96 Mn | 1.09 Bn | |
| 7 | Kanzhun | 12.59 Bn | 10.49 Bn | 255.62 Bn | -209.66 Bn |
| 8 | Snap | 9.64 Bn | 6.81 Bn | 1.29 Bn | 1.60 Bn |
| 9 | Match | 8.43 Bn | 7.41 Bn | 653.28 Mn | 627.52 Mn |
| 10 | Tencent Music Entertainment | - | - | 514.00 Mn | -176.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -176.00 Mn |
| Dec 31, 2025 | -178.00 Mn |
| Sep 30, 2025 | -184.00 Mn |
| Jun 30, 2025 | -161.00 Mn |
| Mar 31, 2025 | -158.00 Mn |
| Dec 31, 2024 | -161.00 Mn |
| Sep 30, 2024 | -169.95 Mn |
| Jun 30, 2024 | -158.00 Mn |
| Mar 31, 2024 | -157.00 Mn |
| Dec 31, 2023 | -178.00 Mn |
| Sep 30, 2023 | -174.00 Mn |
| Jun 30, 2023 | -173.00 Mn |
| Mar 31, 2023 | -179.00 Mn |
| Dec 31, 2022 | -197.00 Mn |
| Sep 30, 2022 | -202.00 Mn |
| Jun 30, 2022 | -212.00 Mn |
| Mar 31, 2022 | -212.00 Mn |
| Dec 31, 2021 | -285.00 Mn |
| Sep 30, 2021 | -254.00 Mn |
| Jun 30, 2021 | -260.00 Mn |
| Mar 31, 2021 | -237.00 Mn |
| Dec 31, 2020 | -257.00 Mn |
| Sep 30, 2020 | -211.00 Mn |
| Jun 30, 2020 | -184.00 Mn |
| Mar 31, 2020 | -164.00 Mn |
| Dec 31, 2019 | -204.00 Mn |
| Sep 30, 2019 | -173.00 Mn |
| Jun 30, 2019 | -153.00 Mn |
| Mar 31, 2019 | -155.00 Mn |
| Dec 31, 2018 | -197.00 Mn |
| Sep 30, 2018 | -143.68 Mn |
| Jun 30, 2018 | -130.75 Mn |
| Mar 31, 2018 | -127.32 Mn |
| Dec 31, 2017 | -129.23 Mn |