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Tencent Reports 47% Profit Jump
Tencent signals slow AI monetisation; gaming drives 8% Q3 revenue growth
Chinese gaming and social media leader Tencent Holdings said its investment in artificial intelligence has yet to turn into significant revenue and may take several quarters to have a meaningful impact on earnings.
Tencent Reports 47% Profit Jump as Games and AI Drive Growth
Tencent posted a stronger-than-expected 47% profit surge in the third quarter, driven by gains in gaming, advertising, and cloud services, as announced on Wednesday. The Chinese social media and gaming giant reported profit attributable to shareholders rose to 53.
Tencent's Q3 revenue grows as gaming unit gains momentum
Michael Vi. Tencent's (OTCPK:TCEHY) (OTCPK:TCTZF) third quarter revenue grew 8% year-over-year as recovery in its gaming business gained speed. Total revenues for Tencent — a vi
1d
on MSN
Tencent opening its ecosystem will help transaction volume growth: Analyst
Julia Pan of UOB Kay Hian says a landmark cooperation between WeChat Pay and other e-commerce sites will help boost Tencent's ...
2d
Tencent Profit Momentum Continues on Gaming Strength
Tencent’s core gaming business delivered strong results as the Chinese technology giant contended with a cooling economy.
3d
on MSN
Tencent Signals Gradual China Recovery After Gaming Arm Revives
Tencent Holdings Ltd.’s revenue rose 8% after the summer release of Dungeon & Fighter Mobile helped China’s most valuable ...
1d
Tencent adds 3,000 jobs in third quarter, signalling Big Tech growth in China amid AI race
The Shenzhen-based tech giant has grown to more than 108,800 employees, as nearly two years of downsizing comes to an end.
1d
Why Tencent Holdings Stock Triumphed Today
On a generally gloomy Thursday for the stock market, Tencent Holdings ( TCEHY 3.05%) was something of a standout. On the ...
3d
on MSN
Games Recovery Lifts China’s Tencent to 47% Quarterly Profit Increase
China’s Tencent increased net profits by 47% in the quarter to September, driven by both its domestic and international games ...
1d
Android gaming on Windows 11 returns thanks to Tencent
Windows Insiders in China can now download Android apps from Tencent's App Store. If the feature goes public, the ...
Spotify
2d
Tencent Music is using AI to create viral content… and three other things we learned on the company’s Q3 earnings call
The music streaming operator is working to differentiate its services amid a long-running slump in monthly active users.
4d
on MSN
Tencent Music returns to growth as online music offsets crackdown hit
Tencent Music Entertainment reported a return to quarterly revenue growth on Tuesday, after four straight quarters of decline ...
4d
on MSN
Tencent Music Enjoys Streaming Growth as Social Side Continues Slide
China's leading digital music group Tencent Music enjoyed a quarter in which streaming growth outweighed a depressed social ...
3d
Tencent Music's Q3 Revenue Tops $1 Billion, But Monthly Active Users Fall 3%, Stock Reacts
Tencent Music Entertainment Group (NYSE:TME) reported a fiscal third-quarter 2024 revenue growth of 6.8% year-over-year to $1 ...
2d
At least Tencent can retreat into a virtual world
There's a least one demographic in China that's opening up their wallets: gamers. That cohort helped power a one-third rise ...
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