Tencent Music Entertainment TCMEF
NYSE TCMEF
$4.45 +0.00 (+0.00%)
At close: Sep 8, 2026 · 4:00 PM EDT

Tencent Music Entertainment (TCMEF) Operating Expenses (2017 - 2026)

Tencent Music Entertainment's (TCMEF) quarterly Operating Expenses came in at -$191.0 million in Q2 2026, down 18.63% year-over-year from -$234.7 million in Q2 2025, and down 8.52% quarter-over-quarter from -$176.0 million in Q1 2026.

Analysis

Tencent Music Entertainment (TCMEF) Operating Expenses (2017 - 2026) Analysis & Trends

Tencent Music Entertainment has disclosed Operating Expenses across 10 years of filings, most recently posting -$191.0 million for Q2 2026.

  • In Q2 2026, Operating Expenses fell 18.63% year-over-year to -$191.0 million; the TTM figure through Jun 2026 stood at -$729.0 million (down 12.16% YoY), while the FY2025 annual figure was -$695.0 million, down 8.42% from the prior year.
  • Operating Expenses came in at -$191.0 million for Q2 2026 at Tencent Music Entertainment, down from -$176.0 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.
  • Average Operating Expenses over 5 years is -$178.9 million, with a median of -$177.0 million recorded in 2023.
  • Year-over-year, Operating Expenses jumped 30.88% in 2022 and decreased 18.63% in 2026.
  • Over 5 years, Operating Expenses stood at -$197.0 million in 2022, then grew by 9.64% to -$178.0 million in 2023, then advanced by 9.55% to -$161.0 million in 2024, then dropped by 10.56% to -$178.0 million in 2025, then retreated by 7.3% to -$191.0 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were -$191.0 million in Q2 2026, -$176.0 million in Q1 2026, and -$178.0 million in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Netflix 320.63 Bn 311.50 Bn 6.52 Bn 1.51 Bn
2 Spotify Technology 109.40 Bn 98.49 Bn 1.86 Bn 640.46 Mn
3 Tencent Music Entertainment 7.00 Bn 3.91 Bn 582.00 Mn -191.00 Mn
4 Huya 478.05 Mn 117.79 Mn 37.58 Mn -39.77 Mn
5 iQIYI 408.77 Mn -62.13 Mn 152.37 Mn -938.70 Mn
6 FuboTV 315.64 Mn -136.77 Mn 399.10 Mn 344.01 Mn
7 Kaltura 219.16 Mn 187.86 Mn 34.54 Mn 35.31 Mn
8 CuriosityStream 154.78 Mn 106.39 Mn 16.93 Mn 14.07 Mn
9 LiveOne 53.11 Mn 44.45 Mn 3.94 Mn 23.03 Mn
10 Cineverse 46.92 Mn 42.60 Mn 10.66 Mn 35.72 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -191.00 Mn
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