Tencent‘s Revenue Increased by 16% to RMB560.1 Billion in 2021,while Its Profit Increased by 41% to RMB224.8 Billion

Tiger Newspress2022-03-23

Tencent announced its financial results on Wednesday.

Revenues increased by 16% to RMB560.1 billion for the year ended 31 December 2021 on a year-on-year basis. Revenues from VAS increased by 10% to RMB291.6 billion for the year ended 31 December 2021 on a year-on-year basis. Revenues from Online Advertising increased by 8% to RMB88.6 billion for the year ended 31 December 2021 on a year-on-year basis. Revenues from FinTech and Business Services increased by 34% to RMB172.2 billion for the year ended 31 December 2021 on a year-on-year basis.

Profit attributable to equity holders of the Company increased by 41% to RMB224.8 billion for the year ended 31 December 2021 on a year-on-year basis. Non-IFRS profit attributable to equity holders of the Company increased by 1% to RMB123.8 billion for the year ended 31 December 2021.

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Comments

Bspn
2022-03-24
Bspn
Ok
百忍Byron
2022-03-23
百忍Byron
Nice
shunyan
2022-03-23
shunyan
If you look into the 4Q results only, online ads revenue fell 13% yoy, worse than market expectations of -5% yoy. Opex is also worse than expected. 4Q results is disasterous. Prosus (Tencent proxy) is already down 5%. Tmr 700 HK is going to fall too, outlook for Tencent looks very challenging compared to other tech names...
GhordofWar
2022-03-23
GhordofWar
Awesome!
KLS
2022-03-23
KLS
Buy
MFME
2022-03-23
MFME
Now 20 cent?

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