A display module and a mobile terminal are provided. The display module comprises a display panel comprising an earpiece area; and a vibration function layer disposed on a surface of the display panel and used to make mechanical vibrations under control of electric signals to generate sound waves; wherein the vibration function layer comprises an actuator and a vibration layer, the actuator comprises a vibrator disposed in the earpiece area and sound insulation sections disposed on one edge of the earpiece area, and the sound insulation sections are used to stop the sound waves of the earpiece area located on one side of the sound insulation sections from propagating to an opposite side of the sound insulation sections.