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

Tencent Music Entertainment has reported Operating Expenses for 10 years, with the latest figure 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.
• Over five years, Operating Expenses peaked at -$157.0 million in Q1 2024 and troughed at -$212.0 million in Q1 2022.
• A 5-year average of -$178.2 million and a median of -$176.0 million in 2026 frame the typical range for Operating Expenses.
• The sharpest annual moves came in 2022 and 2026: Operating Expenses surged 30.88% in 2022, then retreated 11.39% in 2026.
• Over 5 years, Operating Expenses stood at -$197.0 million in 2022, then rose by 9.64% to -$178.0 million in 2023, then grew by 9.55% to -$161.0 million in 2024, then fell by 10.56% to -$178.0 million in 2025, then gained by 1.12% to -$176.0 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered -$176.0 million, -$178.0 million, and -$184.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.