A display module includes a flexible display panel, a base layer and a sound wave driving structure. The panel includes at least one bending area and at least two non-bending areas. The base layer is on a non-display side of the panel. The sound wave driving structure is between the panel and the base layer, and includes a first electrode layer and a second electrode layer, the first electrode layer is closer to the panel than the second electrode layer, and the first electrode layer and the second electrode layer have a gap therebetween. An orthographic projection of at least one of the first electrode layer and the second electrode layer on the panel is non-overlapping with the bending area; and/or the sound wave driving structure further includes an insulating spacing layer, and an orthographic projection of the insulating spacing layer on the panel is in the bending area.