Tencent Music Entertainment (TCMEF) Gross Margin (2016 - 2022)
Tencent Music Entertainment recorded quarterly Gross Margin of 29.87% in Q2 2022, down 1.8% quarter-over-quarter from 30.42% in Q2 2021, and down 55.0% year-over-year from 66.39% in Q2 2021.
Tencent Music Entertainment's Gross Margin history runs 5 years deep, the most recent figure standing at 29.87% for Q2 2022.
- In Q2 2022, Gross Margin fell 55.0% year-over-year to 29.87%; the TTM figure through Jun 2022 stood at 30.91% (down 688.0% YoY), while the FY2025 annual figure was 44.79%, up 314.0% from the prior year.
- Gross Margin came in at 29.87% for Q2 2022 at Tencent Music Entertainment, down from 30.42% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 40.89% in Q1 2018 to a low of 29.87% in Q2 2022.
- A 4-year average of 35.16% and a median of 34.35% in 2019 frame the typical range for Gross Margin.
- On a YoY basis, Gross Margin climbed as much as 30 bps in 2019 and fell as far as 692 bps in 2019.
- Tencent Music Entertainment's Gross Margin stood at 34.21% in 2018, then grew by 1 bps to 34.5% in 2019, then retreated by 12 bps to 30.42% in 2021, then declined by 2 bps to 29.87% in 2022.
- According to Business Quant data, Gross Margin over the past three periods registered 29.87%, 30.42%, and 34.5% for Q2 2022, Q2 2021, and Q4 2019 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,554.43 Bn | 4,338.81 Bn | 102.29 Bn | 93.08% |
| 2 | Meta Platforms | 1,602.78 Bn | 1,521.60 Bn | 46.09 Bn | 81.85% |
| 3 | Spotify Technology | 119.86 Bn | 109.62 Bn | 1.75 Bn | 32.98% |
| 4 | 33.71 Bn | 30.94 Bn | 511.94 Mn | 77.17% | |
| 5 | Nebius | 22.38 Bn | 22.38 Bn | 295.20 Mn | 73.98% |
| 6 | 12.76 Bn | 11.46 Bn | 768.96 Mn | 76.32% | |
| 7 | Kanzhun | 12.59 Bn | 10.49 Bn | 255.62 Bn | 85.23% |
| 8 | Snap | 9.64 Bn | 6.81 Bn | 1.29 Bn | 84.37% |
| 9 | Match | 8.43 Bn | 7.41 Bn | 653.28 Mn | 75.62% |
| 10 | Tencent Music Entertainment | - | - | 514.00 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2022 | 29.87% |
| Jun 30, 2021 | 30.42% |
| Dec 31, 2019 | 34.50% |
| Sep 30, 2019 | 33.96% |
| Jun 30, 2019 | 32.95% |
| Mar 31, 2019 | 35.44% |
| Dec 31, 2018 | 34.21% |
| Sep 30, 2018 | 39.50% |
| Jun 30, 2018 | 39.86% |
| Mar 31, 2018 | 40.89% |
| Dec 31, 2016 | 71.49% |