Tencent beats estimates with 47% profit jump, driven by video gaming

Quick Summary:

Video gaming sales, traditionally Tencent’s strongest revenue driver, grew 14% in the domestic market.

The stock has risen over 36 per cent this year amid a wider rebound in the market since September.

Tencent’s shares closed flat at HK$403.8 on Wednesday ahead of the results.

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Article Details

Author / Journalist: Iris Deng

Category: Business

Markets: Hong KongChina

Topics: Tencent Revenue Year Billion Business Estimates Games Gaming Cent Video Yuan

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 17:14:12 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 237 words

Reading Time: 2 minutes read

Sentences: 5 lines

Sentence Length: 48 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23568398

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