Tencent Music
TME
#1016
Rank
โ‚ฌ17.96 B
Marketcap
10,55ย โ‚ฌ
Share price
-3.31%
Change (1 day)
51.08%
Change (1 year)
Categories
Tencent Music Entertainment Group (TME) is joint venture between Tencent and Spotify. The company provides music streaming services for the Chinese market.

Operating Margin for Tencent Music (TME)

Operating Margin as of November 2024 (TTM): 26.55%

According to Tencent Music's latest financial reports and stock price the company's current Operating Margin is 26.55%. At the end of 2022 the company had an Operating Margin of 15.84%.

Operating Margin history for Tencent Music from 2018 to 2024

Operating Margin at the end of each year

Year Operating Margin Change
202215.84%31.88%
202112.01%-26%
202016.23%-10.43%
201918.12%68.77%
201810.73%-26.19%
201714.54%581.97%
20162.13%

Operating Margin for similar companies or competitors

Company Operating Margin Operating Margin differencediff. Country
13.33%-49.79%๐Ÿ‡ฎ๐Ÿ‡ฑ Israel

What is a company's Operating Margin?

The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.