A vibration motor, including a shell, a vibrator and a stator accommodated in the shell, and an elastic member suspending the vibrator in the shell, one of the vibrator and the stator includes a magnetic circuit unit while the other one includes a coil. the elastic member is a sheet-like spring, and a plane where the elastic member is located is perpendicular to a vibrating direction of the vibrator, the elastic member is of a U-shape, and includes a first fixing portion and a second fixing portion respectively which are fixed to the vibrator and spaced from each other, a third fixing portion located between the first fixing portion and the second fixing portion and fixed to the shell, a first deforming portion connecting the third fixing portion with the first fixing portion, and a second deforming portion connecting the third fixing portion with the second fixing portion.