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 posts 8% revenue growth on gaming rebound, sees slow AI uptake
Chinese technology giant Tencent Holdings posted on Wednesday a 8% rise in third-quarter revenue, extending momentum in its gaming business, while growth in its fintech segments softened amid China's economic headwinds.
Tencent’s Revenue Up 8% in Q3, Slightly Misses Forecasts; Profits Jump on Gaming, Ads Gains
Tencent's third-quarter profits rose 47%, exceeding estimates, with gains from gaming, advertising, and cloud services. Revenue grew 8% annually, slightly below forecasts. Tencent’s AI tools aided cloud and marketing services,
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
Tencent signals slow AI monetisation; gaming drives 8% Q3 revenue growth
BEIJING (Reuters) -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.
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 ...
Tencent posts better-than-expected 47% profit surge as games, AI tools shine
Tencent on Wednesday reported quarterly profit well above analysts’ expectations, amid strength in its gaming business.
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 ...
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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.
Tencent Reports Strong Q3 2024 Financial Performance
Tencent Holdings ( (TCTZF) ) has released its Q3 earnings. Here is a breakdown of the information Tencent Holdings presented to its investors.
Tencent's Third-Quarter Net Profit Likely Rose 25% -- Earnings Preview
Tencent's Hong Kong-listed stock has climbed 40% this year after rising 19% in the third quarter. China's aggressive policy push in late September pushed up share prices across the market. Tencent has ...
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Top 8 Cloud Platform Services Ranked: Azure, AWS, Google Lead Gartner Magic Quadrant
Gartner Magic Quadrant for cloud platform services leaders AWS, Microsoft Azure, Google, IBM, Oracle, Alibaba Cloud, Huawei ...
Jefferies Remains a Buy on Tencent Holdings Limited (TCTZF)
In a report released today, Thomas Chong from Jefferies maintained a Buy rating on Tencent Holdings Limited (TCTZF – Research Report), ...
Tencent Q3 Earnings: Gaming And AI Fuel Profit Growth, Pony Ma Eyes E-Commerce Expansion
Tencent Holding Ltd reported 2024 Q3 results with 8% revenue growth to $23.9 billion, beating analyst estimate. MAU grew 3% & ...
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 ...