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Tencent‘s Revenue Increased by 16% to RMB560.1 Billion in 2021,while Its Profit Increased by 41% to RMB224.8 Billion

Tiger Newspress2022-03-23

Tencent announced its financial results on Wednesday.

Revenues increased by 16% to RMB560.1 billion for the year ended 31 December 2021 on a year-on-year basis. Revenues from VAS increased by 10% to RMB291.6 billion for the year ended 31 December 2021 on a year-on-year basis. Revenues from Online Advertising increased by 8% to RMB88.6 billion for the year ended 31 December 2021 on a year-on-year basis. Revenues from FinTech and Business Services increased by 34% to RMB172.2 billion for the year ended 31 December 2021 on a year-on-year basis.

Profit attributable to equity holders of the Company increased by 41% to RMB224.8 billion for the year ended 31 December 2021 on a year-on-year basis. Non-IFRS profit attributable to equity holders of the Company increased by 1% to RMB123.8 billion for the year ended 31 December 2021.

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Comment16

  • Bspn
    ·2022-03-24
    Ok
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  • 百忍Byron
    ·2022-03-23
    Nice
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  • shunyan
    ·2022-03-23
    If you look into the 4Q results only, online ads revenue fell 13% yoy, worse than market expectations of -5% yoy. Opex is also worse than expected. 4Q results is disasterous. Prosus (Tencent proxy) is already down 5%. Tmr 700 HK is going to fall too, outlook for Tencent looks very challenging compared to other tech names...
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  • GhordofWar
    ·2022-03-23
    Awesome!
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  • KLS
    ·2022-03-23
    Buy
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  • MFME
    ·2022-03-23
    Now 20 cent?
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  • koolgal
    ·2022-03-23
    That is an excellent report from Tencent.  Investors should be happy and celebrate. All left to do now is for the share price to shoot up like a rocket! Go Tencent! 🚀🚀🚀🌙🌙🌙💰💰💰
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  • ZenInv
    ·2022-03-23
    Buy
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  • TigerEye
    ·2022-03-23
    Well done tencent
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  • joker1
    ·2022-03-23
    They may be called tencent but they are worth at least 10 trillion x 10 cents!![Call] [Call] [Miser] 
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  • Steadyhoo
    ·2022-03-23
    Pretty solid
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  • CHECK1894
    ·2022-03-23
    Good
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  • MoLoto
    ·2022-03-23
    Who's the black sheep then
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  • SPOT_ON
    ·2022-03-23
    They are sheeps on steroids 
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  • MHh
    ·2022-03-23
    [Surprised] surprise surprise! Now both Baba and Tencent are not the black sheep 🐑 
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