Tencent Slid Over 2% in Premarket Trading as Its Q1 Revenue Missed Estimates

Tiger Newspress2022-05-18

Tencent slid over 2% in premarket trading as its Q1 revenue missed estimates.

Revenues were RMB135.5 billion for the first quarter of 2022, broadly stable compared to the first quarter of 2021. Profit attributable to equity holders of the Company decreased by 51% to RMB23.4 billion for the first quarter of 2022 on a year on-year basis.

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

Leave a comment
12