Tencent Shares Jump Over 2% After Earnings

Tiger Newspress
2024-11-14

Chinese technology giant Tencent shares jumped 2.5% in Hong Kong after earnings.

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.

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. 30, in line with the average analyst estimate of 167.8 billion yuan, according to LSEG data.

Tencent's net income rose 47% to 53.23 billion yuan. Analysts had on average expected net income of 52.89 billion yuan, according to LSEG.

Domestic gaming revenue rose 14% to 37.3 billion yuan, extending the previous quarter's 9% growth and marking two straight quarters of expansion after earlier declines. International gaming revenue increased 9% to 14.5 billion yuan.

The result was partly driven by "Dungeon & Fighter Mobile", a marquee title launched in May, as well as the release of a new shooting game, "Delta Force", in September.

The company's fintech and cloud services reported modest growth of 2% to 53.1 billion yuan, with its payments business declining amid weak consumer spending in China.

Revenue from its marketing services unit, formerly known as online advertising, grew 17% to 30 billion yuan.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10