Tencent Reports Profit Drop Despite Strength in Games, …

Nov 15, 2023  · Tencent Reports Profit Drop Despite Strength in Games, Advertising, Fintech ... Tencent said third-quarter revenue rose 10% from a year earlier to CNY154.625 billion. Gross …


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Tencent Reports Profit Drop Despite Strength In Games, …

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Nov 15, 2023  · Tencent Reports Profit Drop Despite Strength in Games, Advertising, Fintech ... Tencent said third-quarter revenue rose 10% from a year earlier to CNY154.625 billion. Gross …

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Tencent’s Q3 Profit Rockets 47% As Gaming And AI Surge Despite …

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4 days ago  · Tencent Q3 profit surges, driven by gaming and AI strength. Credit: EconoTimes. Tencent Holdings Ltd delivered a striking 47% profit leap in Q3, reaching 53.23 billion yuan, …

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Tencent Signals Slow AI Monetisation; Gaming Drives 8% Q3 …

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4 days ago  · Tencent's fintech and cloud services reported modest growth of 2% to 53.1 billion yuan, with its payments business declining in part due to weak consumer spending in China.

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Tencent's Second-Quarter Profit Surged 82%, Driven By …

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Aug 14, 2024  · The videogame and social-media company said Wednesday that its net profit jumped 82% from a year earlier to 47.63 billion yuan, equivalent to $6.66 billion. The result …

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Tencent Profit Momentum Continues On Gaming Strength - WSJ

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4 days ago  · Listen. (2 min) Tencent’s online-gaming revenue growth accelerated, with domestic market sales climbing 14%. Photo: jade gao/Agence France-Presse/Getty Images. Tencent …

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Tencent Reports Profit Beat On Games Growth, Touts AI Benefits

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4 days ago  · Tencent reported profit attributable to shareholders of 53.23 billion yuan ($7.37 billion) in the third quarter, compared with a LSEG estimate of 46.18 billion yuan over the …

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Tencent Profits Plunge 32% As It Ramps Up Restructuring Spending

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Mar 21, 2019  · Accessibility help Skip to content. Tencent, China’s second most valuable listed company, saw fourth-quarter profits drop an unprecedented 32 per cent year-on-year as it …

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Tencent Profit Surges As Domestic Games Revenue Resumes …

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Aug 14, 2024  · The videogame and social-media company said Wednesday that its net profit jumped 82% from a year earlier to 47.63 billion yuan, equivalent to $6.66 billion, and revenue …

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Why did Tencent lose 3rd-quarter net profit?

Signage at the Tencent Holdings headquarters in Shenzhen, China. Photo: Qilai Shen/Bloomberg News Tencent Holdings reported a drop in third-quarter net profit due partly to the absence of special gains from asset sales booked a year earlier, despite operational strength in its games, advertising and fintech businesses. ...

Why did Tencent's fourth-quarter profits drop 32 per cent?

Tencent, China’s second most valuable listed company, saw fourth-quarter profits drop an unprecedented 32 per cent year-on-year as it ramped up spending to restructure itself after a slowdown in its gaming business. ...

Why did Tencent's third-quarter revenue rise 8%?

Chinese technology giant Tencent Holdings posted on Wednesday an 8% rise in third-quarter revenue, extending momentum in its gaming business, while growth in its fintech segments softened amid China's economic headwinds. ...

How did Tencent perform in the third quarter?

Tencent reported profit attributable to shareholders of 53.23 billion yuan ($7.37 billion) in the third quarter, compared with a LSEG estimate of 46.18 billion yuan over the period. The company's revenue came in at 167.19 billion yuan, short of the 167.82 billion yuan analyst forecast. This breaking news story is being updated. ...

What is Tencent's Gaming expansion strategy?

As part of its gaming expansion strategy, Tencent's Chief Strategy Officer James Mitchell said in a post-earnings call that the company aims to discover and invest in more game studios like Black Myth: Wukong's developer, while continuing to leverage its own studios. ...

What happened to Tencent's shares this year?

Tencent’s shares, as well as those of Alibaba, have reversed course this year. Tencent, which has a market cap of around $449bn, has seen its shares surge around 16 per cent in the year to date, outpacing the broader market’s 12 per cent rise. Its share price fell 1.89 per cent to HK$363 ($46) ahead of the results. ...

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