Press "Enter" to skip to content

CHECK THE WIRE FOR LIVE UPDATES

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

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 . . .

To continue reading, please subscribe. You will get

 

    • THE  WIRE  - An Unrivalled Real-Time Platform providing up-to-the-minute updates of market-moving news and views utilizing a network of journalists, traders, brokers, analysts, etc. Here are some screenshots of the wire updates.
    • IN-DEPTH & DATA-DRIVEN reporting on China's economy, policy and financial markets.
    • DETAILS - We bring you important details that you won't find elsewhere.
    • WEEKLY NEWSLETTER with Editors' Picks

GRAB OUR CHRISTMAS OFFER. Starting from $9.9 !

FREE TRIAL cancel anytime

Already have an account? Sign In

 

 

Top