Tencent Reports Q4 Revenue and Profit Surpassing Estimates Driven by Gaming Growth

Reported about 14 hours ago

Tencent Holdings announced a significant 11% increase in its Q4 revenue, reaching 172.4 billion yuan ($23.83 billion), driven by a resurgence in its gaming sector. The net profit also exceeded expectations at 51.3 billion yuan, outperforming analyst forecasts due to the successful launch of popular games and regulatory easing in China's gaming industry.

Source: YAHOO

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