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

Tencent Music Entertainment has reported Gross Margin for 5 years, with the latest figure at 29.41% in Q2 2022.

• Quarterly Gross Margin fell 101.0% year-over-year to 29.41% in Q2 2022, while the trailing twelve-month figure through Jun 2022 was 28.7% (down 610.0% YoY) and the FY2025 annual result came in at 44.79%, up 314.0% from the prior year.
• Gross Margin climbed to 29.41% in Q2 2022 per TME's latest filing, from 27.99% in the prior quarter.
• Over five years, Gross Margin peaked at 40.89% in Q1 2018 and troughed at 27.99% in Q1 2022.
• A 4-year average of 34.19% and a median of 34.08% in 2019 frame the typical range for Gross Margin.
• The widest YoY moves for Gross Margin: up 30 bps in 2019, down 692 bps in 2019.
• Over 4 years, Gross Margin stood at 34.21% in 2018, then increased by 1 bps to 34.5% in 2019, then decreased by 12 bps to 30.42% in 2021, then slipped by 3 bps to 29.41% in 2022.
• According to Business Quant data, Gross Margin over the past three periods registered 29.41%, 27.99%, and 30.42% for Q2 2022, Q1 2022, and Q2 2021 respectively.