Tencent Music Entertainment (TME) Gross Margin (2016 - 2022)
Tencent Music Entertainment's (TME) quarterly Gross Margin came in at 29.87% in Q2 2022, down 55.0% year-on-year from 66.39% in Q2 2021, and down 1.8% quarter-over-quarter from 30.42% in Q2 2021.
Tencent Music Entertainment (TME) Gross Margin (2016 - 2022) Analysis & Trends
Tencent Music Entertainment has disclosed Gross Margin across 5 years of filings, most recently posting 29.87% for Q2 2022.
- Gross Margin for Q2 2022 came in at 29.87%, down 55.0% year-over-year; the trailing twelve-month figure through Jun 2022 was 30.91% (down 688.0% YoY), and the FY2025 annual result 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.
- The 4-year median for Gross Margin is 34.35% (2019), against an average of 35.16%.
- Peak annual rise in Gross Margin reached 30 bps in 2019, while the deepest fall reached 692 bps in 2019.
- Tencent Music Entertainment's 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 dropped by 2 bps to 29.87% in 2022.
- The last three Gross Margin figures came in at 29.87% (Q2 2022), 30.42% (Q2 2021), and 34.5% (Q4 2019), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nebius | 1,913,603.98 Bn | 1,913,603.98 Bn | 295.20 Mn | 73.98% |
| 2 | Alphabet | 4,425.33 Bn | 4,209.71 Bn | 102.29 Bn | 93.08% |
| 3 | Meta Platforms | 1,502.66 Bn | 1,421.48 Bn | 46.09 Bn | 81.85% |
| 4 | Spotify Technology | 119.69 Bn | 109.44 Bn | 1.75 Bn | 32.98% |
| 5 | 33.22 Bn | 30.45 Bn | 511.94 Mn | 77.17% | |
| 6 | 13.64 Bn | 12.34 Bn | 768.96 Mn | 76.32% | |
| 7 | Kanzhun | 13.02 Bn | 10.92 Bn | 255.62 Bn | 85.23% |
| 8 | Snap | 9.72 Bn | 6.90 Bn | 1.29 Bn | 84.37% |
| 9 | Zillow | 8.26 Bn | 7.48 Bn | 519.00 Mn | 73.31% |
| 10 | Tencent Music Entertainment | 2.62 Bn | 1.40 Bn | 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% |