Tencent Holdings Third Quarter 2024 Earnings: EPS Beats Expectations

Simply Wall St.11-16

Tencent Holdings (HKG:700) Third Quarter 2024 ResultsKey Financial Results Revenue: CN¥167.2b (up 8.1% from 3Q 2023). Net income: CN¥53.2b (up 47% from 3Q 2023). Profit margin: 32% (up from 23% in 3Q ...

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Net income: CN¥53.2b (up 47% from 3Q 2023). Profit margin: 32% (up from 23% in 3Q ...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/media/hkg-700/tencent-holdings-shares/news/tencent-holdings-third-quarter-2024-earnings-eps-beats-expec\">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":"00700","symbol_name":"腾讯控股","start_time":0,"source_url":"https://simplywall.st/stocks/hk/media/hkg-700/tencent-holdings-shares/news/tencent-holdings-third-quarter-2024-earnings-eps-beats-expec","article_id":"2483655325","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/company-cover/11042136-main-header/1585187609049"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483655325","pubTimestamp":1731711866,"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Tencent Holdings ( HKG:700 ) Third Quarter 2024 Results Key Financial Results Revenue: CN¥167.2b (up 8.1% from 3Q...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"00700":"腾讯控股"},"translate_title":"腾讯控股控股2024年第三季度收益：每股收益超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00700":1},"content_text":"Tencent Holdings (HKG:700) Third Quarter 2024 ResultsKey Financial Results Revenue: CN¥167.2b (up 8.1% from 3Q 2023). Net income: CN¥53.2b (up 47% from 3Q 2023). Profit margin: 32% (up from 23% in 3Q 2023). The increase in margin was primarily driven by higher revenue. EPS: CN¥5.76 (up from CN¥3.83 in 3Q 2023).  SEHK:700 Earnings and Revenue Growth November 15th 2024 All figures shown in the chart above are for the trailing 12 month (TTM) period Tencent Holdings EPS Beats Expectations  Revenue was in line with analyst estimates.  Earnings per share (EPS) surpassed analyst estimates by 19%.      Looking ahead, revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Interactive Media and Services industry in Asia.    Performance of the market in Hong Kong.  The company's shares are down 4.7% from a week ago.   Risk Analysis Before we wrap up, we've discovered 1 warning sign for Tencent Holdings that you should be aware of. Valuation is complex, but we're here to simplify it.Discover if Tencent Holdings might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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