KPIs & Operating Metrics(New)
Assets By Company EntityBreakdown Of AssetsCapital ExpenditureCost Of RevenueDeferred RevenueEmployee StstisticsGross Margin %Gross ProfitMobile Mau By SegmentMobile Mau By Segment AnnualMonthly Arpu By SegmentMonthly Arpu By Segment AnnualNon IfrsNon Ifrs %Non Ifrs AnnualNon Ifrs Annual %Online Music Revenue By CategoryOpex As A % Of Total Revenue %OPEX SegregationPaying Ratio By Segment Annual %Paying Users By SegmentPaying Users By Segment AnnualProfit Before TaxProperty, Plant And Equipment BreakdownRevenue By Company Enitities AnnualRevenue By SegmentRevenue By Segment %Revenue By Segment AnnualRevenue By Segment Annual %Total Commitments Annual
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Ratios

Tencent Music Entertainment (TME) Cost Of Revenue (2018 - 2025)

Tencent Music Entertainment's Cost of Revenue history spans 11 years, with the latest figure at $627.9 million for Q1 2026.

  • On a quarterly basis, Cost of Revenue rose 10.94% to $627.9 million in Q1 2026 year-over-year; TTM through Mar 2026 was $2.6 billion, a 14.54% increase, with the full-year FY2025 number at $2.6 billion, up 17.02% from a year prior.
  • Cost of Revenue hit $627.9 million in Q1 2026 for Tencent Music Entertainment, down from $673.8 million in the prior quarter.
  • Over the last five years, Cost of Revenue for TME hit a ceiling of $753.8 million in Q1 2022 and a floor of $559.0 million in Q1 2024.
  • Historically, Cost of Revenue has averaged $642.4 million across 5 years, with a median of $648.8 million in 2025.
  • Biggest five-year swings in Cost of Revenue: decreased 19.45% in 2023 and later grew 18.97% in 2025.
  • Tracing TME's Cost of Revenue over 5 years: stood at $699.9 million in 2022, then fell by 15.63% to $590.5 million in 2023, then dropped by 0.87% to $585.4 million in 2024, then increased by 15.1% to $673.8 million in 2025, then fell by 6.82% to $627.9 million in 2026.
  • Business Quant data shows Cost of Revenue for TME at $627.9 million in Q1 2026, $673.8 million in Q4 2025, and $668.0 million in Q3 2025.