Tencent Music Entertainment (TME) Research & Development (2017 - 2026)
Tencent Music Entertainment (TME) posted Research & Development of -$39.0 million for Q1 2026, down 2.63% sequentially from -$38.0 million in Q4 2025, and down 44.44% YoY from -$70.2 million in Q1 2025.
Tencent Music Entertainment (TME) Research & Development (2017 - 2026) Analysis & Trends
Tencent Music Entertainment has reported Research & Development for 10 years, with the latest figure at -$39.0 million in Q1 2026.
- Quarterly Research & Development fell 44.44% year-over-year to -$39.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$144.0 million (down 19.31% YoY) and the FY2025 annual result came in at -$135.0 million, down 13.45% from the prior year.
- Research & Development declined to -$39.0 million in Q1 2026 per TME's latest filing, from -$38.0 million in the prior quarter.
- Over five years, Research & Development peaked at -$26.0 million in Q1 2024 and troughed at -$52.0 million in Q1 2022.
- A 5-year average of -$34.5 million and a median of -$34.0 million in 2022 frame the typical range for Research & Development.
- The sharpest annual moves came in 2022 and 2026: Research & Development soared 66.95% in 2022, then tumbled 44.44% in 2026.
- Over 5 years, Research & Development stood at -$39.0 million in 2022, then rose by 7.69% to -$36.0 million in 2023, then rose by 5.56% to -$34.0 million in 2024, then dropped by 11.76% to -$38.0 million in 2025, then fell by 2.63% to -$39.0 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered -$39.0 million, -$38.0 million, and -$37.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,255.28 Bn | 3,826.24 Bn | 73.85 Bn | 18.22 Bn |
| 2 | Meta Platforms | 1,552.50 Bn | 1,462.24 Bn | 49.47 Bn | 21.66 Bn |
| 3 | Taboola.com | 1,147.41 Bn | 1,147.28 Bn | 139.48 Mn | 67.16 Mn |
| 4 | Baidu | 288.87 Bn | 284.38 Bn | 1.88 Mn | 635.00 Mn |
| 5 | Spotify Technology | 104.29 Bn | 94.05 Bn | 1.75 Bn | 387.52 Mn |
| 6 | Joyy | 78.58 Bn | 77.69 Bn | 205.64 Mn | -61.54 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | - |
| 8 | Nebius | 49.09 Bn | 39.47 Bn | 295.20 Mn | 67.40 Mn |
| 9 | 30.80 Bn | 28.01 Bn | 734.60 Mn | 231.28 Mn | |
| 10 | Tencent Music Entertainment | 27.36 Bn | 24.66 Bn | 514.00 Mn | -39.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -39.00 Mn |
| Dec 31, 2025 | -38.00 Mn |
| Sep 30, 2025 | -37.00 Mn |
| Jun 30, 2025 | -30.00 Mn |
| Mar 31, 2025 | -27.00 Mn |
| Dec 31, 2024 | -34.00 Mn |
| Sep 30, 2024 | -30.70 Mn |
| Jun 30, 2024 | -29.00 Mn |
| Mar 31, 2024 | -26.00 Mn |
| Dec 31, 2023 | -36.00 Mn |
| Sep 30, 2023 | -30.00 Mn |
| Jun 30, 2023 | -29.00 Mn |
| Mar 31, 2023 | -31.00 Mn |
| Dec 31, 2022 | -39.00 Mn |
| Sep 30, 2022 | -34.00 Mn |
| Jun 30, 2022 | -45.00 Mn |
| Mar 31, 2022 | -52.00 Mn |
| Dec 31, 2021 | -118.00 Mn |
| Sep 30, 2021 | -91.00 Mn |
| Jun 30, 2021 | -104.00 Mn |