Tencent Music Entertainment (TME) Operating Expenses (2017 - 2026)
Tencent Music Entertainment (TME) posted Operating Expenses of -$191 million for Q2 2026, compared with -$161 million a year earlier.
Powered by 
Analysis
Tencent Music Entertainment (TME) Operating Expenses (2017 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Expenses at Tencent Music Entertainment was -$729 million; for FY2025, it was -$695 million.
- In prior years, Tencent Music Entertainment's Operating Expenses was -$641 million in FY2024, -$707 million in FY2023, -$806 million in FY2022 and -$1.05 billion in FY2021.
- The Q2 2026 figure stands as the lowest quarterly Operating Expenses since Q4 2022.
- According to Business Quant data, Operating Expenses for the three prior quarters was -$176 million (Q1 2026), -$178 million (Q4 2025) and -$184 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,185.47 Bn | 3,943.00 Bn | 73.85 Bn | 79.03 Bn |
| 2 | Meta Platforms | 1,794.56 Bn | 1,497.08 Bn | 49.47 Bn | 42.03 Bn |
| 3 | Netflix | 292.71 Bn | 252.90 Bn | 6.52 Bn | 1.51 Bn |
| 4 | Alibaba Group Holding | 251.74 Bn | 65.51 Bn | 15.11 Bn | -5.17 Bn |
| 5 | Shopify | 221.57 Bn | 198.76 Bn | 1.71 Bn | 1.22 Bn |
| 6 | Uber Technologies | 142.45 Bn | 114.25 Bn | 6.38 Bn | 12.30 Bn |
| 7 | Booking Holdings | 124.83 Bn | 57.88 Bn | - | 4.85 Bn |
| 8 | PDD Holdings | 113.76 Bn | -130.01 Bn | 9.45 Bn | -5.39 Bn |
| 9 | Spotify Technology | 106.73 Bn | 64.23 Bn | 1.86 Bn | 640.46 Mn |
| 10 | Tencent Music Entertainment | 13.26 Bn | -9.47 Bn | 579.95 Mn | -190.18 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -190.18 Mn |
| Mar 31, 2026 | -174.83 Mn |
| Dec 31, 2025 | -175.82 Mn |
| Sep 30, 2025 | -183.17 Mn |
| Jun 30, 2025 | -159.82 Mn |
| Mar 31, 2025 | -157.24 Mn |
| Dec 31, 2024 | -163.44 Mn |
| Sep 30, 2024 | -169.95 Mn |
| Jun 30, 2024 | -158.58 Mn |
| Mar 31, 2024 | -158.87 Mn |
| Dec 31, 2023 | -175.83 Mn |
| Sep 30, 2023 | -175.30 Mn |
| Jun 30, 2023 | -179.18 Mn |
| Mar 31, 2023 | -179.65 Mn |
| Dec 31, 2022 | -191.36 Mn |
| Sep 30, 2022 | -210.09 Mn |
| Jun 30, 2022 | -214.88 Mn |
| Mar 31, 2022 | -211.45 Mn |
| Dec 31, 2021 | -284.20 Mn |
| Sep 30, 2021 | -253.20 Mn |
API Access
Tencent Music Entertainment Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=TME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "TME", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=TME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();