Tencent reports higher earnings than estimated, boosting Naspers
One analyst expects Tencent’s fundamentals to improve in the second half, backed by the launch of new games and stronger monetisation potential of shooting games
15 May 2019 - 12:17
Hong Kong — Tencent’s quarterly earnings beat estimates, boosted by gains on investments, giving shareholders much-needed assurance that the Chinese gaming behemoth was bound for a revival. Net income rose 17% to 27.21-billion yuan ($4bn) in the three months ended March compared with the 19.4-billion yuan average of analysts’ estimates.
PODCAST | Consumers are fed up with Telcos..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.