Tencent Music Entertainment (TME) Operating Expenses (2017 - 2026)
Tencent Music Entertainment (TME) posted Operating Expenses of -$176.0 million for Q1 2026, up 1.12% sequentially from -$178.0 million in Q4 2025, and down 11.39% YoY from -$198.6 million in Q1 2025.
Tencent Music Entertainment (TME) Operating Expenses (2017 - 2026) Analysis & Trends
Tencent Music Entertainment (TME) has 10 years of Operating Expenses data on file, last reported at -$176.0 million in Q1 2026.
- Quarterly Operating Expenses fell 11.39% year-over-year to -$176.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$699.0 million (down 8.05% YoY) and the FY2025 annual result came in at -$695.0 million, down 8.42% from the prior year.
- Operating Expenses rose to -$176.0 million in Q1 2026 per TME's latest filing, from -$178.0 million in the prior quarter.
- The five-year high for Operating Expenses was -$157.0 million in Q1 2024, with the low at -$212.0 million in Q1 2022.
- Average Operating Expenses over 5 years is -$178.2 million, with a median of -$176.0 million recorded in 2026.
- Year-over-year, Operating Expenses jumped 30.88% in 2022 and slipped 11.39% in 2026.
- Tencent Music Entertainment's Operating Expenses stood at -$197.0 million in 2022, then gained by 9.64% to -$178.0 million in 2023, then increased by 9.55% to -$161.0 million in 2024, then retreated by 10.56% to -$178.0 million in 2025, then advanced by 1.12% to -$176.0 million in 2026.
- Business Quant data shows TME's Operating Expenses at -$176.0 million in Q1 2026, -$178.0 million in Q4 2025, and -$184.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,330.11 Bn | 4,114.49 Bn | 102.29 Bn | 70.20 Bn |
| 2 | Meta Platforms | 1,553.11 Bn | 1,471.93 Bn | 46.09 Bn | 33.44 Bn |
| 3 | Baidu | 320.91 Bn | 305.99 Bn | 1.88 Mn | 4.19 Bn |
| 4 | BILI Social International | 84.82 Bn | 84.82 Bn | 405,933.00 | 303,858.00 |
| 5 | Joyy | 70.39 Bn | 70.39 Bn | 205.64 Mn | -187.82 Mn |
| 6 | Nebius | 59.20 Bn | 49.90 Bn | 295.20 Mn | 527.00 Mn |
| 7 | 37.81 Bn | 35.04 Bn | 511.94 Mn | 480.50 Mn | |
| 8 | Scienjoy Holding | 37.35 Bn | -14.16 Bn | 7.27 Mn | -5.50 Mn |
| 9 | Tencent Music Entertainment | 26.62 Bn | 24.37 Bn | 514.00 Mn | -176.00 Mn |
| 10 | 13.92 Bn | 12.62 Bn | 768.96 Mn | 1.09 Bn |
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 |