Tencent Could Continue to Deliver Steady Gaming Performance in Coming Quarters

Dow Jones08-04 10:55

0255 GMT - Tencent could continue to deliver resilient gaming revenue and profit streams in coming quarters despite still-cautious investor sentiment, Citi analysts say in a research note. Tencent currently has 109 mobile games in its pipeline, 64 of which have already been approved by China's gaming regulator, they note. Meanwhile, crowded gamer fans surrounded Tencent's exhibition booth area at ChinaJoy, one of the world's biggest gaming conventions over the weekend, showing continued enthusiasm for its games, the analysts say. Among the 15 products it showed at the exhibit, seven are either AI-native or AI-related, they note, indicating Tencent's strong emphasis in AI gaming and products this year. Shares are 0.8% lower at HK$486.60.

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