Tencent’s Third-Quarter Profit Surged 47%, Beating Market Estimate
Tencent’s core gaming business delivered strong results as the Chinese technology giant contended with a cooling economy.
Tencent reports profit beat on games growth, touts AI benefits
Tencent on Wednesday reported quarterly profit well above analysts’ expectations, amid strength in its gaming business. Revenue grew by 8%, but nevertheless came just under an analyst forecast. The company also noted it was starting to see benefits from artificial intelligence.
Games Recovery Lifts China’s Tencent to 47% Quarterly Profit Increase
China’s Tencent increased net profits by 47% in the quarter to September, driven by both its domestic and international games businesses.
Tencent Profit Momentum Continues on Gaming Strength
Tencent’s core gaming business delivered strong results as the Chinese technology giant contended with a cooling economy.
Tencent Music returns to growth as online music offsets crackdown hit
Tencent Music Entertainment missed quarterly revenue estimates on Tuesday, as Beijing's crackdown on online gambling continues to impact its social entertainment segment.
Tencent beats estimates with 47% profit jump, driven by video gaming
Tencent Holdings, operator of China’s biggest social media app and the world’s largest video gaming business by revenue, beat analyst estimates with a 47 per cent profit jump in the third quarter, helped by renewed growth in the video gaming segment.
Tencent's gaming rebound drives Q3 revenue up 8% amid fintech weakness
Chinese technology giant Tencent Holdings posted on Wednesday a 8% rise in third-quarter revenue, extending momentum in its ...
Tencent’s Revenue Climbs 8% After Blockbuster Games Summer
Tencent Holdings Ltd.’s revenue rose 8% after the summer release of Dungeon & Fighter Mobile helped China’s most valuable ...
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Two Years After A TenCent Investment, RiME Developer Tequila Works Has Filed For Insolvency
Tequila Works was founded in 2009, and seemed to have found a unique place for themselves in the video game industry. They ...
Tencent Q3 Earnings: Gaming And AI Fuel Profit Growth, Pony Ma Eyes E-Commerce Expansion
Chinese gaming giant Tencent Holding Ltd (OTC:TCEHY) reported fiscal third-quarter 2024 results Wednesday. Revenue grew 8% ...
Chinese Tech Giant Tencent Posts 8% Revenue Growth In Q3
Chinese tech giant Tencent on Wednesday posted an eight percent year-on-year expansion in third-quarter revenue, driven by what it called "robust" growth in its gaming business.
Tencent brings Android games to Microsoft Store on Windows 11
Microsoft has partnered with Tencent to bring Android apps and games to Windows 11 users in China. This partnership allows ...
Tencent Music's Q3 Revenue Tops $1 Billion, But Monthly Active Users Fall 3%, Stock Reacts
Tencent Music Entertainment Group (NYSE:TME) reported a fiscal third-quarter 2024 revenue growth of 6.8% year-over-year to $1 ...
Prosus Gains $2 Billion on Swiggy Investment with IPO Valuation
Tencent Holdings Ltd.’s top backer Prosus NV said it has made more than $2 billion on its Swiggy investment as it continues ...