Tencent Music
TME
$11.36
Share price
-1.90%
Change (1 day)
43.98%
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 April 2024 (TTM): 17.41%
According to Tencent Music's latest financial reports and stock price the company's current Operating Margin is 17.41%. At the end of 2022 the company had an Operating Margin of 15.81%.
Operating Margin history for Tencent Music from 2018 to 2023
Operating Margin at the end of each year
| Year | Operating Margin | Change |
|---|---|---|
| 2022 | 15.81% | 31.64% |
| 2021 | 12.01% | -25.95% |
| 2020 | 16.22% | -10.39% |
| 2019 | 18.10% | 3.98% |
| 2018 | 17.41% | 35.96% |
| 2017 | 12.80% | 500.41% |
| 2016 | 2.13% |
Operating Margin for similar companies or competitors
| Company | Operating Margin | Operating Margin differencediff. | Country |
|---|---|---|---|
 Perion Network PERI | 18.85% | 8.27% | 🇮🇱 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.