Tencent profit surged 89% in Q3 on strong gaming business and recovering advertising

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Chinese gaming and social media giant Tencent Holdings Ltd reported an 89 per cent rise in third-quarter profit on Thursday, with its blockbuster game Honour of Kings and solid advertising businesses helping it to beat forecasts.

Tencent made 38.5 billion yuan ($5.8 billion) profit for the three months through September, ahead of an analyst average estimate of 30.81 billion yuan. Its revenue rose 29 per cent year over year to 125.4 billion yuan.

Monthly active users (MAU) of WeChat, China's dominant messaging app operated by Tencent, hit 1.21 . . .

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