Tencent's $23.9 Billion Quarter: Gaming, AI, and E-Commerce …

3 days ago · Tencent just dropped its Q3 2024 numbers, and investors should take note, driving pre-market up by 2%.Revenue climbed 8% year-over-year to RMB167.2 billion ($23.9 billion), …

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Tencent's $23.9 Billion Quarter: Gaming, AI, And E-Commerce …

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3 days ago · Tencent just dropped its Q3 2024 numbers, and investors should take note, driving pre-market up by 2%.Revenue climbed 8% year-over-year to RMB167.2 billion ($23.9 billion), …

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Tencent's $23.9 Billion Quarter: Gaming, AI, And E-Commerce Domi

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3 days ago · Mini Programs hit RMB2 trillion GMV as gaming revenues soar and AI powers Tencent's explosive growth. ... Tencent's Q3 results reveal gaming dominance, AI innovation, …

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Tencent Profit Momentum Continues On Gaming Strength - WSJ

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4 days ago · The videogame and social-media company said Wednesday that net profit jumped 47% to 53.23 billion yuan, equivalent to $7.36 billion, and revenue increased 8% to 167.19 …

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Tencent's Third-Quarter Profit Surged 47%, Beating Expectations

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4 days ago · The videogame and social-media company said Wednesday that net profit jumped 47% to 53.23 billion yuan, equivalent to $7.36 billion, comfortably beating the 45.12 billion …

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Tencent’s Operating Profit Climbs 19%, Fueled By Gaming And …

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2 days ago · Chinese tech giant Tencent posted solid Q3 2024 financial results, reflecting its adaptability and growth across key sectors. The company’s unaudited report for the quarter …

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

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4 days ago · BEIJING (Reuters) -Chinese gaming and social media leader Tencent Holdings said its investment in artificial intelligence has yet to turn into significant revenue and may take …

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Tencent's Q3 Revenue Grows As Gaming Unit Gains Momentum

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4 days ago · Michael Vi. Tencent's (OTCPK:TCEHY) (OTCPK:TCTZF) third quarter revenue grew 8% year-over-year as recovery in its gaming business gained speed.Total revenues for …

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Tencent Q3 Revenue Rises 8% On Gaming Strength, Matches Estimates

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4 days ago · BEIJING : Chinese technology giant Tencent Holdings posted on Wednesday a 8 per cent rise in third-quarter revenue, driven by growth in its gaming business after the recent …

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Tencent's Soaring Q3 Profits Fueled By Gaming And AI Innovations

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Tencent's Q3 2024 earnings report unveiled staggering 47% profit surge, driven by exceptional gaming performance and strategic AI integration across products...

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FAQs about Tencent's $23.9 Billion Quarter: Gaming, AI, and E-Commerce … Coupon?

How did Tencent perform in fiscal third-quarter 2024?

Chinese gaming giant Tencent Holding Ltd (OTC: TCEHY) reported fiscal third-quarter 2024 results Wednesday. Revenue grew 8% year-on-year to $23.9 billion (CNY 167.19 billion), quashing the analyst consensus estimate of $23.4 billion. Combined, the MAU of Weixin and WeChat grew by 3% year-on-year to 1.38 billion. ...

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. ...

How much money does Tencent make a year?

Tencent, the world's largest video game company and operator of the WeChat messaging platform, reported revenue of 167.19 billion yuan ($23.14 billion) for the quarter ended Sept. in line with the average analyst estimate of 167.8 billion yuan, according to LSEG data. ...

Does Tencent's AI revenue Trail US cloud providers?

However, President Martin Lau said in the post-earnings call that the company's AI revenue trails U.S. cloud providers due to lower domestic demand for computing services. Lau added that while Tencent has implemented AI to enhance products like targeted advertising, these investments have not yet generated significant revenue. ...

How did Tencent's revenue growth affect international games?

Tencent noted that revenue growth for International Games substantially lagged gross receipts growth, as improved retention rates for certain titles led the company to elongating revenue deferral periods. Domestic Games revenues grew 14% year-on-year to RMB37.3B, driven by games including VALORANT, Honour of Kings, Peacekeeper Elite and DnF Mobile. ...