Tencent’s Quarterly Profit Jumps 82% as Key Gaming Unit Accelerates

Tiger Newspress08-14

Tencent beat second-quarter top and bottom line estimates as growth in its key gaming division accelerated.

Here’s how Tencent did in the June quarter against LSEG consensus estimates:

Revenue: 161.12 billion Chinese yuan ($22.5 billion) versus 160.77 billion yuan expected.
Profit attributable to equity holders of the company: 47.63 billion Chinese yuan versus 39.95 billion yuan expected.

Revenue was up 8% year-on-year while profit rose 82%.

Tencent ADRs slumped 3% in morning trading.

After suffering its first ever annual revenue decline in 2022, Tencent has been looking to reaccelerate growth in its core gaming business.

Investors have rewarded the company so far, with shares up around 28% this year as of Tuesday. That’s in part thanks to the excitement around a new game called Dungeon & Fighter Mobile (DnF Mobile) which is produced by South Korean firm Nexon and distributed in China by Tencent.

DnF Mobile has been dominating the top grossing game charts in China, and investors are hoping Tencent could reap the benefits of its popularity for years to come, as it did with Honor of Kings.

Tencent said its China games business brought in revenue of 34.6 billion yuan in the second quarter, a 9% year-on-year rise. That was faster than the 3% growth seen in the first quarter of the year. Tencent attributed the performance to increased sales from Valorant and the “successful launch” of DnF Mobile.

“DnF Mobile, a newly released game, reactivated millions of IP (intellectual property) fans and is retaining players well, positioning it to become our next evergreen major hit,” Tencent said in its earnings release.

International games revenue also rose 9% versus the year ago period to 13.9 billion yuan.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

ONLYoptionsFANS
08-14
ONLYoptionsFANS
short squeeze tomorrow for Tencent
Benshine
08-14
Benshine
it is good earning reports??

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That’s in part thanks to the excitement around a new game called Dungeon &amp; Fighter Mobile (DnF Mobile) which is produced by South Korean firm Nexon and distributed in China by Tencent.</p><p style=\"text-align: start;\">DnF Mobile has been dominating the top grossing game charts in China, and investors are hoping Tencent could reap the benefits of its popularity for years to come, as it did with Honor of Kings.</p><p>Tencent said its China games business brought in revenue of 34.6 billion yuan in the second quarter, a 9% year-on-year rise. That was faster than the 3% growth seen in the first quarter of the year. Tencent attributed the performance to increased sales from Valorant and the “successful launch” of DnF Mobile.</p><p style=\"text-align: start;\">“DnF Mobile, a newly released game, reactivated millions of IP (intellectual property) fans and is retaining players well, positioning it to become our next evergreen major hit,” Tencent said in its earnings release.</p><p style=\"text-align: start;\">International games revenue also rose 9% versus the year ago period to 13.9 billion yuan.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tencent’s Quarterly Profit Jumps 82% as Key Gaming Unit Accelerates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTencent’s Quarterly Profit Jumps 82% as Key Gaming Unit Accelerates\n</h2>\n\n<h4 class=\"meta\">\n\n2024-08-14 21:50 北京时间&nbsp;&nbsp;&nbsp;<strong>Tiger Newspress</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tencent beat second-quarter top and bottom line estimates as growth in its key gaming division accelerated.Here’s how Tencent did in the June quarter against LSEG consensus estimates:Revenue: 161.12 ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TCEHY","symbol_name":"腾讯控股ADR","start_time":0,"source_url":"","article_id":"1171017640","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1171017640","pubTimestamp":1723643459,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"Tencent beat second-quarter top and bottom line estimates as growth in its key gaming division accelerated.Here’s how Tencent did in the June quarter against LSEG consensus estimates:Revenue: 161.12 billion Chinese yuan  versus 160.77 billion yuan expected.Profit attributable to equity holders of the company: 47.63 billion Chinese yuan versus 39.95 billion yuan expected.After suffering its first ever annual revenue decline in 2022, Tencent has been looking to reaccelerate growth in its core gami","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TCEHY":"腾讯控股ADR","00700":"腾讯控股"},"translate_title":"随着主要游戏部门的加速发展，腾讯控股季度利润跃升82%","themeId":"c0d77e622a6742cf8335299f8317b4b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00700":1.1,"TCEHY":1.1},"content_text":"Tencent beat second-quarter top and bottom line estimates as growth in its key gaming division accelerated.Here’s how Tencent did in the June quarter against LSEG consensus estimates:Revenue: 161.12 billion Chinese yuan ($22.5 billion) versus 160.77 billion yuan expected.Profit attributable to equity holders of the company: 47.63 billion Chinese yuan versus 39.95 billion yuan expected.Revenue was up 8% year-on-year while profit rose 82%.Tencent ADRs slumped 3% in morning trading.After suffering its first ever annual revenue decline in 2022, Tencent has been looking to reaccelerate growth in its core gaming business.Investors have rewarded the company so far, with shares up around 28% this year as of Tuesday. 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That’s in part thanks to the excitement around a new game called Dungeon &amp; Fighter Mobile (DnF Mobile) which is produced by South Korean firm Nexon and distributed in China by Tencent.</p><p style=\"text-align: start;\">DnF Mobile has been dominating the top grossing game charts in China, and investors are hoping Tencent could reap the benefits of its popularity for years to come, as it did with Honor of Kings.</p><p>Tencent said its China games business brought in revenue of 34.6 billion yuan in the second quarter, a 9% year-on-year rise. That was faster than the 3% growth seen in the first quarter of the year. Tencent attributed the performance to increased sales from Valorant and the “successful launch” of DnF Mobile.</p><p style=\"text-align: start;\">“DnF Mobile, a newly released game, reactivated millions of IP (intellectual property) fans and is retaining players well, positioning it to become our next evergreen major hit,” Tencent said in its earnings release.</p><p style=\"text-align: start;\">International games revenue also rose 9% versus the year ago period to 13.9 billion yuan.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tencent’s Quarterly Profit Jumps 82% as Key Gaming Unit Accelerates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTencent’s Quarterly Profit Jumps 82% as Key Gaming Unit Accelerates\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-08-14 21:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2f1df3ccf09ffd76f769d704c912f6a3\" title=\"\" tg-width=\"1080\" tg-height=\"1080\"/></p><p>Tencent beat second-quarter top and bottom line estimates as growth in its key gaming division accelerated.</p><p style=\"text-align: start;\">Here’s how Tencent did in the June quarter against LSEG consensus estimates:</p><ul style=\"\"><li><p><strong>Revenue: </strong>161.12 billion Chinese yuan ($22.5 billion) versus 160.77 billion yuan expected.</p></li><li><p><strong>Profit attributable to equity holders of the company: </strong>47.63 billion Chinese yuan versus 39.95 billion yuan expected.</p></li></ul><p>Revenue was up 8% year-on-year while profit rose 82%.</p><p>Tencent ADRs slumped 3% in morning trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/279e122acdebf65a3378ed6b106e4d36\" tg-width=\"795\" tg-height=\"829\"/></p><p style=\"text-align: start;\">After suffering its first ever annual revenue decline in 2022, Tencent has been looking to reaccelerate growth in its core gaming business.</p><p style=\"text-align: start;\">Investors have rewarded the company so far, with shares up around 28% this year as of Tuesday. That’s in part thanks to the excitement around a new game called Dungeon &amp; Fighter Mobile (DnF Mobile) which is produced by South Korean firm Nexon and distributed in China by Tencent.</p><p style=\"text-align: start;\">DnF Mobile has been dominating the top grossing game charts in China, and investors are hoping Tencent could reap the benefits of its popularity for years to come, as it did with Honor of Kings.</p><p>Tencent said its China games business brought in revenue of 34.6 billion yuan in the second quarter, a 9% year-on-year rise. That was faster than the 3% growth seen in the first quarter of the year. Tencent attributed the performance to increased sales from Valorant and the “successful launch” of DnF Mobile.</p><p style=\"text-align: start;\">“DnF Mobile, a newly released game, reactivated millions of IP (intellectual property) fans and is retaining players well, positioning it to become our next evergreen major hit,” Tencent said in its earnings release.</p><p style=\"text-align: start;\">International games revenue also rose 9% versus the year ago period to 13.9 billion yuan.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TCEHY":"腾讯控股ADR","00700":"腾讯控股"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171017640","content_text":"Tencent beat second-quarter top and bottom line estimates as growth in its key gaming division accelerated.Here’s how Tencent did in the June quarter against LSEG consensus estimates:Revenue: 161.12 billion Chinese yuan ($22.5 billion) versus 160.77 billion yuan expected.Profit attributable to equity holders of the company: 47.63 billion Chinese yuan versus 39.95 billion yuan expected.Revenue was up 8% year-on-year while profit rose 82%.Tencent ADRs slumped 3% in morning trading.After suffering its first ever annual revenue decline in 2022, Tencent has been looking to reaccelerate growth in its core gaming business.Investors have rewarded the company so far, with shares up around 28% this year as of Tuesday. That’s in part thanks to the excitement around a new game called Dungeon & Fighter Mobile (DnF Mobile) which is produced by South Korean firm Nexon and distributed in China by Tencent.DnF Mobile has been dominating the top grossing game charts in China, and investors are hoping Tencent could reap the benefits of its popularity for years to come, as it did with Honor of Kings.Tencent said its China games business brought in revenue of 34.6 billion yuan in the second quarter, a 9% year-on-year rise. That was faster than the 3% growth seen in the first quarter of the year. Tencent attributed the performance to increased sales from Valorant and the “successful launch” of DnF Mobile.“DnF Mobile, a newly released game, reactivated millions of IP (intellectual property) fans and is retaining players well, positioning it to become our next evergreen major hit,” Tencent said in its earnings release.International games revenue also rose 9% versus the year ago period to 13.9 billion yuan.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":338388563710224,"gmtCreate":1723627043881,"gmtModify":1723627048090,"author":{"id":"3581486017808713","authorId":"3581486017808713","name":"Benshine","avatar":"https://community-static.tradeup.com/news/41c28b429b5608e4b3bd3a6a13d289b1","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":6,"crmLevelSwitch":1,"idStr":"3581486017808713","authorIdStr":"3581486017808713"},"htmlText":"it is good earning reports??","listText":"it is good earning reports??","text":"it is good earning reports??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/338388563710224","repostId":1171017640,"repostType":2,"repost":{"id":"1171017640","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1723643459,"share":"https://ttm.financial/m/news/1171017640?lang=&edition=fundamental","pubTime":"2024-08-14 21:50","market":"hk","language":"en","title":"Tencent’s Quarterly Profit Jumps 82% as Key Gaming Unit Accelerates","url":"https://stock-news.laohu8.com/highlight/detail?id=1171017640","media":"Tiger Newspress","summary":"Tencent beat second-quarter top and bottom line estimates as growth in its key gaming division accelerated.Here’s how Tencent did in the June quarter against LSEG consensus estimates:Revenue: 161.12 billion Chinese yuan  versus 160.77 billion yuan expected.Profit attributable to equity holders of the company: 47.63 billion Chinese yuan versus 39.95 billion yuan expected.After suffering its first ever annual revenue decline in 2022, Tencent has been looking to reaccelerate growth in its core gami","content":"<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2f1df3ccf09ffd76f769d704c912f6a3\" title=\"\" tg-width=\"1080\" tg-height=\"1080\"/></p><p>Tencent beat second-quarter top and bottom line estimates as growth in its key gaming division accelerated.</p><p style=\"text-align: start;\">Here’s how Tencent did in the June quarter against LSEG consensus estimates:</p><ul style=\"\"><li><p><strong>Revenue: </strong>161.12 billion Chinese yuan ($22.5 billion) versus 160.77 billion yuan expected.</p></li><li><p><strong>Profit attributable to equity holders of the company: </strong>47.63 billion Chinese yuan versus 39.95 billion yuan expected.</p></li></ul><p>Revenue was up 8% year-on-year while profit rose 82%.</p><p>Tencent ADRs slumped 3% in morning trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/279e122acdebf65a3378ed6b106e4d36\" tg-width=\"795\" tg-height=\"829\"/></p><p style=\"text-align: start;\">After suffering its first ever annual revenue decline in 2022, Tencent has been looking to reaccelerate growth in its core gaming business.</p><p style=\"text-align: start;\">Investors have rewarded the company so far, with shares up around 28% this year as of Tuesday. That’s in part thanks to the excitement around a new game called Dungeon &amp; Fighter Mobile (DnF Mobile) which is produced by South Korean firm Nexon and distributed in China by Tencent.</p><p style=\"text-align: start;\">DnF Mobile has been dominating the top grossing game charts in China, and investors are hoping Tencent could reap the benefits of its popularity for years to come, as it did with Honor of Kings.</p><p>Tencent said its China games business brought in revenue of 34.6 billion yuan in the second quarter, a 9% year-on-year rise. That was faster than the 3% growth seen in the first quarter of the year. Tencent attributed the performance to increased sales from Valorant and the “successful launch” of DnF Mobile.</p><p style=\"text-align: start;\">“DnF Mobile, a newly released game, reactivated millions of IP (intellectual property) fans and is retaining players well, positioning it to become our next evergreen major hit,” Tencent said in its earnings release.</p><p style=\"text-align: start;\">International games revenue also rose 9% versus the year ago period to 13.9 billion yuan.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tencent’s Quarterly Profit Jumps 82% as Key Gaming Unit Accelerates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTencent’s Quarterly Profit Jumps 82% as Key Gaming Unit Accelerates\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-08-14 21:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2f1df3ccf09ffd76f769d704c912f6a3\" title=\"\" tg-width=\"1080\" tg-height=\"1080\"/></p><p>Tencent beat second-quarter top and bottom line estimates as growth in its key gaming division accelerated.</p><p style=\"text-align: start;\">Here’s how Tencent did in the June quarter against LSEG consensus estimates:</p><ul style=\"\"><li><p><strong>Revenue: </strong>161.12 billion Chinese yuan ($22.5 billion) versus 160.77 billion yuan expected.</p></li><li><p><strong>Profit attributable to equity holders of the company: </strong>47.63 billion Chinese yuan versus 39.95 billion yuan expected.</p></li></ul><p>Revenue was up 8% year-on-year while profit rose 82%.</p><p>Tencent ADRs slumped 3% in morning trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/279e122acdebf65a3378ed6b106e4d36\" tg-width=\"795\" tg-height=\"829\"/></p><p style=\"text-align: start;\">After suffering its first ever annual revenue decline in 2022, Tencent has been looking to reaccelerate growth in its core gaming business.</p><p style=\"text-align: start;\">Investors have rewarded the company so far, with shares up around 28% this year as of Tuesday. That’s in part thanks to the excitement around a new game called Dungeon &amp; Fighter Mobile (DnF Mobile) which is produced by South Korean firm Nexon and distributed in China by Tencent.</p><p style=\"text-align: start;\">DnF Mobile has been dominating the top grossing game charts in China, and investors are hoping Tencent could reap the benefits of its popularity for years to come, as it did with Honor of Kings.</p><p>Tencent said its China games business brought in revenue of 34.6 billion yuan in the second quarter, a 9% year-on-year rise. That was faster than the 3% growth seen in the first quarter of the year. Tencent attributed the performance to increased sales from Valorant and the “successful launch” of DnF Mobile.</p><p style=\"text-align: start;\">“DnF Mobile, a newly released game, reactivated millions of IP (intellectual property) fans and is retaining players well, positioning it to become our next evergreen major hit,” Tencent said in its earnings release.</p><p style=\"text-align: start;\">International games revenue also rose 9% versus the year ago period to 13.9 billion yuan.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TCEHY":"腾讯控股ADR","00700":"腾讯控股"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171017640","content_text":"Tencent beat second-quarter top and bottom line estimates as growth in its key gaming division accelerated.Here’s how Tencent did in the June quarter against LSEG consensus estimates:Revenue: 161.12 billion Chinese yuan ($22.5 billion) versus 160.77 billion yuan expected.Profit attributable to equity holders of the company: 47.63 billion Chinese yuan versus 39.95 billion yuan expected.Revenue was up 8% year-on-year while profit rose 82%.Tencent ADRs slumped 3% in morning trading.After suffering its first ever annual revenue decline in 2022, Tencent has been looking to reaccelerate growth in its core gaming business.Investors have rewarded the company so far, with shares up around 28% this year as of Tuesday. That’s in part thanks to the excitement around a new game called Dungeon & Fighter Mobile (DnF Mobile) which is produced by South Korean firm Nexon and distributed in China by Tencent.DnF Mobile has been dominating the top grossing game charts in China, and investors are hoping Tencent could reap the benefits of its popularity for years to come, as it did with Honor of Kings.Tencent said its China games business brought in revenue of 34.6 billion yuan in the second quarter, a 9% year-on-year rise. That was faster than the 3% growth seen in the first quarter of the year. Tencent attributed the performance to increased sales from Valorant and the “successful launch” of DnF Mobile.“DnF Mobile, a newly released game, reactivated millions of IP (intellectual property) fans and is retaining players well, positioning it to become our next evergreen major hit,” Tencent said in its earnings release.International games revenue also rose 9% versus the year ago period to 13.9 billion yuan.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":11,"commentSize":2,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1171017640"}