$TENCENT(00700)$ Tencent Holdings will announce its first quarter results next Tuesday (14th). Driven by the growth of high gross profit income (including video accounts, WeChat search advertising incremental business, financial technology and business services (FBS)), this website combines 15 securities companies It is predicted that Tencent's non-IFRS net profit in the first quarter of 2024 is expected to be between 39.3 billion and 44.6 billion yuan, an increase of 20.8% to 37.1% year-on-year from 32.538 billion yuan in the first quarter of 2023, with a median of 43.323 billion yuan. RMB, an increase of 33.1% year-on-year.
Based on forecasts from six brokerages, Tencent's net profit in the first quarter of 2024 is expected to range from RMB 31.618 billion to RMB 35.813 billion, an increase of 22.4% to 38.6% year-on-year from RMB 25.838 billion in the first quarter of 2023, with a median of RMB 34.467 billion. A year-on-year increase of 33.4%. Investors will pay attention to Tencent's management's latest operating strategies (including whether online game revenue can return to positive growth, launch of new online games and gross profit margin) and shareholder return guidance.
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