Tencent Music Entertainment (TME) Gross Margin (2016 - 2022)

Tencent Music Entertainment has disclosed Gross Margin across 5 years of filings, most recently posting 29.41% for Q2 2022.

• In Q2 2022, Gross Margin fell 101.0% year-over-year to 29.41%; the TTM figure through Jun 2022 stood at 28.7% (down 610.0% YoY), while the FY2025 annual figure was 44.79%, up 314.0% from the prior year.
• Gross Margin came in at 29.41% for Q2 2022 at Tencent Music Entertainment, up from 27.99% 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 27.99% in Q1 2022.
• Average Gross Margin over 4 years is 34.19%, with a median of 34.08% recorded in 2019.
• The largest YoY upside for Gross Margin was 30 bps in 2019 against a maximum downside of 692 bps in 2019.
• Over 4 years, Gross Margin stood at 34.21% in 2018, then climbed by 1 bps to 34.5% in 2019, then fell by 12 bps to 30.42% in 2021, then retreated by 3 bps to 29.41% in 2022.
• Per Business Quant data, the three most recent Gross Margin figures were 29.41% in Q2 2022, 27.99% in Q1 2022, and 30.42% in Q2 2021.