• Tencent Holding average ebitda margin for 2023 was 38.93%, a 8.59% decline from 2022.
• Tencent Holding average ebitda margin for 2022 was 42.59%, a 0.31% decline from 2021.
• Tencent Holding average ebitda margin for 2021 was 42.46%, a 29.29% increase from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.