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

Tencent Music Entertainment has reported Operating Margin for 5 years, with the latest figure at 14.9% in Q2 2022.

• Quarterly Operating Margin rose 199.0% year-over-year to 14.9% in Q2 2022, while the trailing twelve-month figure through Jun 2022 was 11.54% (down 492.0% YoY) and the FY2025 annual result came in at 41.19%, up 1102.0% from the prior year.
• Operating Margin climbed to 14.9% in Q2 2022 per TME's latest filing, from 11.27% in the prior quarter.
• Over five years, Operating Margin peaked at 22.67% in Q1 2018 and troughed at 18.06% in Q4 2018.
• A 4-year average of 14.64% and a median of 17.48% in 2019 frame the typical range for Operating Margin.
• The widest YoY moves for Operating Margin: up 3478 bps in 2019, down 412 bps in 2019.
• Over 4 years, Operating Margin stood at 18.06% in 2018, then surged by 193 bps to 16.72% in 2019, then decreased by 23 bps to 12.91% in 2021, then increased by 15 bps to 14.9% in 2022.
• According to Business Quant data, Operating Margin over the past three periods registered 14.9%, 11.27%, and 12.91% for Q2 2022, Q1 2022, and Q2 2021 respectively.