A flexible display module and a mobile terminal are disclosed. The flexible display module includes a first bending region, a second bending region and at least one bidirectional bending region located at an overlap position between the first bending region and the second bending region, wherein the flexible display module includes a support layer, and the support layer includes a cut-out structure at least disposed in the bidirectional bending region. The cut-out structure includes multiple cut-out holes. The cut-out hole includes a long axis and a short axis arranged in a cross manner.