Tencent sales growth sped up after blockbuster game release

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The story "Tencent sales growth sped up after blockbuster game release" was covered 19 hours ago by Business Mirror, a news publisher based in Philippines.

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Tencent sales growth sped up after blockbuster game release - Business Mirror

Quick Summary:

Tencent Holdings Ltd.’s revenue growth accelerated after the blockbuster summer release of Dungeon & Fighter Mobile helped lift China’s most valuable company out of a gaming trough.

Revenue jumped 8 percent to 161.1 billion yuan ($22.5 billion) for the April-June period, versus the projected estimate of 161.4 billion yuan.

Online advertising surged 19 percent, helping underpin margins.Net income surged to 47.6 billion yuan, compared with the estimated 39.9 billion yuan.