Provided are a bendable display module and a display device. The bendable display module includes a display panel component including a flexible display panel, and a first surface and a second surface that are disposed opposite to each other. The first surface is the light-emitting surface of the flexible display panel. In the unbent state, a first bendable portion and a second bendable portion are flattened. In the inwardly-bent state, the first bendable portion is bent in the direction of the first surface facing away from the second surface. In the outwardly-bent state, the second bendable portion is bent in the direction of the second surface facing away from the first surface. The area of the display region of the flexible display panel in the outwardly-bent state is larger than the area of the display region of the flexible display panel in the unbent state.