Tencent reports blowout earnings as online gaming surges
Chinese gaming and social media group, partially owned by Prosus, reports quarterly profit up 175%
24 March 2021 - 16:45
Hong Kong — Chinese gaming and social media group Tencent Holding, partially owned by Naspers spin-off Prosus, on Wednesday reported a market-beating 26% jump in quarterly sales, helped in part by a surge in revenue from its online gaming business.
Revenue rose to 133.67-billion yuan in the quarter ended December, vs market expectations of 132.19-billion yuan, based on data from Refinitiv...
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