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Tencent returns to profit growth despite concern around games

3 monthes ago   |   By TechCrunch

Chinese internet giant Tencent bounced back from a disappointing previous quarter , but for once the company didn't have its gaming business to thank.
Tencent may be best known for conjuring up WeChat, China's most popular messaging platform, but its revenue is driven by its gaming business, which includes top smartphone titles and a thriving PC unit. Its Q3 results announced today, however, saw its gaming income slacken and other units, including a booming advertising business, step up.
The firm posted a net profit of RMB 23.3 billion on total revenue of RMB 80.6 billion , up 30 percent...
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Tencent's profit spikes as its core gaming business shows signs of slowing down

Tencent's profit spikes as its core gaming business shows signs of slowing down

3 monthes ago   |   By Business Insider

Tencent posted better than expected earnings , beating on both the top and bottom lines.
But its revenue grew at the slowest pace in three years.
Core online gaming sales dropped 4% in the wake of a Chinese clampdown on licenses.
Watch Tencent trade live.
Chinese tech giant Tencent on Wednesday posted better-than-expected earnings for the third quarter, sending shares up 2%. However, its core gaming business showed signs of slowing down.
Tencent earned 2.47 Chinese yuan per share, beating the 1.96 Chinese yuan that was expected by Wall Street, according to Bloomberg data. It generate...
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Tencent profit beats estimates as investment gains offset gaming weakness

Tencent profit beats estimates as investment gains offset gaming weakness

3 monthes ago   |   By Reuters

Tencent Holdings said on Wednesday its third-quarter net profit rose 30 percent, beating estimates, as investment gains offset a weak performance in the Chinese company's core gaming business.
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Tencent third-quarter profit rises 30 percent on investment gains

3 monthes ago   |   By Reuters

Tencent Holdings said on Wednesday net profit in the September quarter rose 30 percent, beating estimates, as investment gains helped offset a weak performance in its core gaming business.
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