Tencent Q3 Earnings: Gaming And AI Fuel Profit Growth, Pony Ma Eyes E-Commerce Expansion [Yahoo! Finance]
TENCENT HLDGS UNSP/ADR (TCEHY)
NASDAQ:AMEX Investor Relations:
tencent.com/en-us/investor.html
Company Research
Source: Yahoo! Finance
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. Mobile device MAU of QQ grew 0.7% year-on-year to 562 million. Also Read: Sea Q3 Earnings: E-Commerce Leads Growth, Shopee On Track To Hit GMV Guidance, Stock Soars Fee-based VAS registered subscriptions grew 9% year-on-year to 265 million. Revenues from VAS increased by 9% Y/Y to CNY82.7 billion. International Games revenues were CNY14.5 billion, up 9% Y/Y, due to robust performances from games including PUBG MOBILE and Brawl Stars. Domestic Games revenues increased by 14% Y/Y to CNY37.3 billion, driven by games including VALORANT, Honour of Kings, Peacekeeper Elite, and DnF Mobile. Social Networks revenues rose by 4% Y/Y to CNY30.9 billion, supported by growth in app-based game virtual item sales, music subscription revenues and Mini Games platform service fees. Revenu
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Earnings
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Analyst Actions
- 9/10/24 - New Street Research