Tencent Music Entertainment (TME) Gross Margin (2016 - 2022)
Tencent Music Entertainment (TME) posted Gross Margin of 29.41% for Q2 2022, up 5.09% sequentially from 27.99% in Q1 2022, and down 101.0% YoY from 2941.39% in Q2 2021.
Tencent Music Entertainment (TME) Gross Margin (2016 - 2022) Analysis & Trends
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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,253.34 Bn | 3,824.30 Bn | 73.85 Bn | 61.65% |
| 2 | Meta Platforms | 1,548.59 Bn | 1,458.33 Bn | 49.47 Bn | 81.37% |
| 3 | Taboola.com | 1,144.63 Bn | 1,144.50 Bn | 139.48 Mn | 29.25% |
| 4 | Baidu | 289.09 Bn | 284.60 Bn | 1.88 Mn | 0.04% |
| 5 | Spotify Technology | 104.28 Bn | 94.04 Bn | 1.75 Bn | 32.98% |
| 6 | Joyy | 78.58 Bn | 77.69 Bn | 205.64 Mn | 35.34% |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 75.52% |
| 8 | Nebius | 49.00 Bn | 39.37 Bn | 295.20 Mn | 73.98% |
| 9 | 30.74 Bn | 27.96 Bn | 734.60 Mn | 91.27% | |
| 10 | Tencent Music Entertainment | 27.35 Bn | 24.65 Bn | 514.00 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2022 | 29.41% |
| Mar 31, 2022 | 27.99% |
| Jun 30, 2021 | 30.42% |
| Mar 31, 2021 | 31.15% |
| 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 | 28.13% |