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

Tencent Music Entertainment has disclosed Cost of Revenue across 11 years of filings, most recently posting $735.0 million for Q2 2026.

• In Q2 2026, Cost of Revenue rose 12.21% year-over-year to $735.0 million; the TTM figure through Jun 2026 stood at $2.7 billion (up 15.28% YoY), while the FY2025 annual figure was $2.6 billion, up 17.02% from the prior year.
• Cost of Revenue came in at $735.0 million for Q2 2026 at Tencent Music Entertainment, up from $630.0 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.
• Average Cost of Revenue over 5 years is $645.7 million, with a median of $657.5 million recorded in 2023.
• Year-over-year, Cost of Revenue decreased 18.89% in 2024 and climbed 19.69% in 2025.
• Over 5 years, Cost of Revenue stood at $722.0 million in 2022, then declined by 17.04% to $599.0 million in 2023, then declined by 3.84% to $576.0 million in 2024, then advanced by 18.58% to $683.0 million in 2025, then climbed by 7.61% to $735.0 million in 2026.
• Per Business Quant data, the three most recent Cost of Revenue figures were $735.0 million in Q2 2026, $630.0 million in Q1 2026, and $683.0 million in Q4 2025.