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

Tencent Music Entertainment has disclosed Operating Expenses across 10 years of filings, most recently posting -$176.0 million for Q1 2026.

• Operating Expenses for Q1 2026 came in at -$176.0 million, down 11.39% year-over-year; the trailing twelve-month figure through Mar 2026 was -$699.0 million (down 8.05% YoY), and the FY2025 annual result was -$695.0 million, down 8.42% from the prior year.
• Operating Expenses came in at -$176.0 million for Q1 2026 at Tencent Music Entertainment, up from -$178.0 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of -$157.0 million in Q1 2024 to a low of -$212.0 million in Q1 2022.
• The 5-year median for Operating Expenses is -$176.0 million (2026), against an average of -$178.2 million.
• Across the five-year window, Operating Expenses soared 30.88% in 2022 and declined 11.39% in 2026, its largest moves.
• Tencent Music Entertainment's Operating Expenses stood at -$197.0 million in 2022, then grew by 9.64% to -$178.0 million in 2023, then advanced by 9.55% to -$161.0 million in 2024, then dropped by 10.56% to -$178.0 million in 2025, then increased by 1.12% to -$176.0 million in 2026.
• The last three Operating Expenses figures came in at -$176.0 million (Q1 2026), -$178.0 million (Q4 2025), and -$184.0 million (Q3 2025), per Business Quant data.