Tencent Music Entertainment (TCMEF) Research & Development (2017 - 2026)

Tencent Music Entertainment has disclosed Research & Development across 10 years of filings, most recently posting -$35.0 million for Q2 2026.

• In Q2 2026, Research & Development fell 16.67% year-over-year to -$35.0 million; the TTM figure through Jun 2026 stood at -$149.0 million (down 22.44% YoY), while the FY2025 annual figure was -$135.0 million, down 13.45% from the prior year.
• Research & Development came in at -$35.0 million for Q2 2026 at Tencent Music Entertainment, up from -$39.0 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of -$26.0 million in Q1 2024 to a low of -$52.0 million in Q1 2022.
• Average Research & Development over 5 years is -$34.5 million, with a median of -$34.0 million recorded in 2022.
• Year-over-year, Research & Development surged 66.95% in 2022 and slumped 44.44% in 2026.
• Over 5 years, Research & Development stood at -$39.0 million in 2022, then grew by 7.69% to -$36.0 million in 2023, then grew by 5.56% to -$34.0 million in 2024, then decreased by 11.76% to -$38.0 million in 2025, then climbed by 7.89% to -$35.0 million in 2026.
• Per Business Quant data, the three most recent Research & Development figures were -$35.0 million in Q2 2026, -$39.0 million in Q1 2026, and -$38.0 million in Q4 2025.