Tencent's $23.9 Billion Quarter: Gaming, AI, and E-Commerce Dominate the Tech Landscape [Yahoo! Finance]
TENCENT HLDGS UNSP/ADR (TCEHY)
NASDAQ:AMEX Investor Relations:
tencent.com/en-us/investor.html
Company Research
Source: Yahoo! Finance
to RMB167.2 billion ($23.9 billion), with non-IFRS operating profit spiking 19%. The driving force? Gaming is thriving, thanks to blockbuster titles like VALORANT (up 30% globally) and the launch of Delta Force . But Tencent isn't just a gaming powerhouseit's doubling down on AI, integrating smarter solutions across marketing, cloud, and operations to squeeze out more value. These AI upgrades aren't just shiny tech; they're boosting efficiency and results where it counts. Warning! GuruFocus has detected 3 Warning Signs with TCEHY. Look beyond the headlines, and you'll see Tencent's ecosystem flexing its muscles. Mini Programs raked in over RMB2 trillion in GMV, fueled by better coverage in everyday use cases like food delivery and EV charging. Meanwhile, Tencent's streaming services are quietly pulling in massive growthmusic subscriptions jumped 16%, and video subs edged up 6%, proving that great content and user experience still win. The Weixin ecosystem is also evolving fast, wi
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TCEHY
Earnings
- 5/15/24 - Beat
TCEHY
Analyst Actions
- 9/10/24 - New Street Research