Tencent Music Entertainment (TME) Net Margin (2016 - 2022)
Tencent Music Entertainment's (TME) quarterly Net Margin came in at 12.22% in Q2 2022, up 190.0% year-over-year from 4.22% in Q2 2021, and up 33.3% quarter-over-quarter from 9.17% in Q1 2022.
Analysis
Tencent Music Entertainment (TME) Net Margin (2016 - 2022) Analysis & Trends
Tencent Music Entertainment has disclosed Net Margin across 5 years of filings, most recently posting 12.22% for Q2 2022.
- In Q2 2022, Net Margin rose 190.0% year-over-year to 12.22%; the TTM figure through Jun 2022 stood at 9.3% (down 472.0% YoY), while the FY2025 annual figure was 34.08%, up 750.0% from the prior year.
- Net Margin came in at 12.22% for Q2 2022 at Tencent Music Entertainment, up from 9.17% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 20.43% in Q1 2018 to a low of 16.27% in Q4 2018.
- Average Net Margin over 4 years is 12.55%, with a median of 15.16% recorded in 2019.
- The largest YoY upside for Net Margin was 3077 bps in 2019 against a maximum downside of 424 bps in 2019.
- Over 4 years, Net Margin stood at 16.27% in 2018, then surged by 189 bps to 14.5% in 2019, then declined by 29 bps to 10.33% in 2021, then rose by 18 bps to 12.22% in 2022.
- Per Business Quant data, the three most recent Net Margin figures were 12.22% in Q2 2022, 9.17% in Q1 2022, and 10.33% in Q2 2021.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 298.93 Bn | 289.80 Bn | 6.52 Bn | 27.08% |
| 2 | Spotify Technology | 104.93 Bn | 94.01 Bn | 1.86 Bn | 11.41% |
| 3 | Tencent Music Entertainment | 12.20 Bn | 9.10 Bn | 582.00 Mn | - |
| 4 | FuboTV | 1.09 Bn | 3.01 Bn | 399.10 Mn | -48.15% |
| 5 | iQIYI | 974.56 Mn | 490.38 Mn | 152.37 Mn | -4.57% |
| 6 | Huya | 920.96 Mn | 560.70 Mn | 37.58 Mn | 2.09% |
| 7 | Mega Matrix | 211.73 Mn | 204.42 Mn | 3.03 Mn | -375.39% |
| 8 | Kaltura | 203.35 Mn | 172.05 Mn | 34.54 Mn | -11.82% |
| 9 | CuriosityStream | 164.31 Mn | 115.92 Mn | 16.93 Mn | 38.21% |
| 10 | Cineverse | 50.40 Mn | 46.08 Mn | 10.66 Mn | -18.86% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2022 | 12.22% |
| Mar 31, 2022 | 9.17% |
| Jun 30, 2021 | 10.33% |
| Mar 31, 2021 | 11.68% |
| Dec 31, 2019 | 14.50% |
| Sep 30, 2019 | 16.09% |
| Jun 30, 2019 | 15.83% |
| Mar 31, 2019 | 17.09% |
| Dec 31, 2018 | -16.27% |
| Sep 30, 2018 | 19.40% |
| Jun 30, 2018 | 20.08% |
| Mar 31, 2018 | 20.43% |
| Dec 31, 2016 | 1.19% |