China's Tencent Q4 revenue exceeds estimates

Reuters
03-19
China's Tencent Q4 revenue exceeds estimates

BEIJING, March 19 (Reuters) - Chinese technology giant Tencent Holdings 0700.HK posted on Wednesday a 11% rise in fourth-quarter revenue, driven by growth in its gaming business.

Tencent, the world's largest video game company and operator of the WeChat messaging platform, reported revenue of 172.4 billion yuan ($23.83 billion) for the quarter ended December. 31.

The results exceeded the 168.9 billion yuan average estimate from analysts polled by LSEG.

($1 = 7.2357 Chinese yuan)

(Reporting by Liam Mo and Brenda Goh; Editing by Jacqueline Wong)

((liam.mo@thomsonreuters.com;))

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