Stock Market LIVE Updates | Tencent Q3 Results: Co posts strong revenue growth as games sales recover




China's Tencent Holdings said third-quarter revenue climbed 10%, as its games business staged a robust recovery from a regulatory crackdown on the country's tech sector.

Sales for the world's largest video game company and operator of the WeChat messaging platform came in at 154.6 billion yuan ($21.4 billion) for the three months to end September, its third straight quarter of revenue growth. That was in line with an LSEG prediction of 155.8 billion yuan drawn from 19 analysts.

Net profit for Asia's second-biggest company by market value fell 9% to 36.1 billion yuan, compared with an average analyst estimate of 34.6 billion yuan.

Comments