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Tencent Music returns to growth
Tencent Reports 47% Profit Jump as Games and AI Drive Growth
Tencent posted a stronger-than-expected 47% profit surge in the third quarter, driven by gains in gaming, advertising, and cloud services, as announced on Wednesday. The Chinese social media and gaming giant reported profit attributable to shareholders rose to 53.
Tencent Music Profit Jumps 35% on Subscriber Growth
Tencent Music Entertainment reported a 35% uptick in profit after the Chinese music streamer added 2 million subscribers over the third quarter.
Tencent Music returns to growth as online music offsets crackdown hit
Tencent Music Entertainment reported a return to quarterly revenue growth on Tuesday, after four straight quarters of decline, as strong performance in its online music services offset the impact of China's online gambling crackdown on its social entertainment business.
1d
on MSN
Tencent posts better-than-expected 47% profit surge as games, AI tools shine
Tencent on Wednesday reported quarterly profit well above analysts’ expectations, amid strength in its gaming business.
1d
Tencent posts 8% revenue growth on gaming rebound, sees slow AI uptake
Chinese technology giant Tencent Holdings posted on Wednesday a 8% rise in third-quarter revenue, extending momentum in its ...
Spotify
17h
Tencent Music is using AI to create viral content… and three other things we learned on the company’s Q3 earnings call
The music streaming operator is working to differentiate its services amid a long-running slump in monthly active users.
Business Times
1d
Tencent’s revenue climbs 8% after blockbuster games summer
TENCENT Holdings’ revenue rose 8 per cent after the summer release of Dungeon & Fighter Mobile helped China’s most valuable ...
6h
Jefferies Remains a Buy on Tencent Holdings Limited (TCTZF)
In a report released today, Thomas Chong from Jefferies maintained a Buy rating on Tencent Holdings Limited (TCTZF – Research Report), ...
1d
Tencent Q3 Earnings Easily Beat Estimates, Revenue Rises 8% on Accelerating Gaming
Tencent said its revenue rose 8% year-over-year (YoY) to RMB167.2 billion (US$23.14 billion) for the third quarter, roughly ...
3d
Tencent's Third-Quarter Net Profit Likely Rose 25% -- Earnings Preview
Tencent's Hong Kong-listed stock has climbed 40% this year after rising 19% in the third quarter. China's aggressive policy push in late September pushed up share prices across the market. Tencent has ...
2d
Tencent Music's Q3 Revenue Tops $1 Billion, But Monthly Active Users Fall 3%, Stock Reacts
Tencent Music Entertainment Group (NYSE:TME) reported a fiscal third-quarter 2024 revenue growth of 6.8% year-over-year to $1 ...
1d
Tencent Music Entertainment Group: Robust Financial Performance and Strategic Growth Initiatives Drive Buy Rating
Saiyi HE, an analyst from CMB International Securities, maintained the Buy rating on Tencent Music Entertainment Group (TME – Research ...
Crowdfund Insider
4d
Tencent and Visa to Introduce Palm Payments in Singapore
Tencent announced a partnership with Visa to introduce its palm recognition technology for digital payments in international ...
1d
on MSN
Games Recovery Lifts China's Tencent to 47% Quarterly Profit Increase
Sometimes described as the world's largest games company in revenue terms, China's Tencent increased its net profits by 47% ...
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