Tencent Holdings Full Year 2024 Earnings: EPS Beats Expectations

Simply Wall St.03-23

Tencent Holdings (HKG:700) Full Year 2024 Results

Key Financial Results

Revenue: CN¥660.3b (up 8.4% from FY 2023).
Net income: CN¥194.1b (up 68% from FY 2023).
Profit margin: 29% (up from 19% in FY 2023). The increase in margin was primarily driven by higher revenue.
EPS: CN¥20.94 (up from CN¥12.19 in FY 2023).

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SEHK:700 Revenue and Expenses Breakdown March 23rd 2025

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 2.8%.

The primary driver behind last 12 months revenue was the Value-Added Services (VAS) segment contributing a total revenue of CN¥319.2b (48% of total revenue). The largest operating expense was General & Administrative costs, amounting to CN¥112.8b (73% of total expenses). Explore how 700's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Interactive Media and Services industry in Hong Kong.

Performance of the Hong Kong Interactive Media and Services industry.

The company's shares are down 1.9% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Tencent Holdings' balance sheet health.

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