Tencent's Gaming Business Drives 8% Revenue Growth in Q2
Wednesday, 14 August 2024, 08:43
Tencent's Q2 Revenue Boost
BEIJING (Reuters) - China's Tencent Holdings reported an 8% rise in second-quarter revenue on Wednesday, driven by a recovery in its gaming business.
Key Insights
- The surge is attributed to the strong launch of a new mobile game in May.
- Total revenue for the quarter reached 161.12 billion yuan ($22.5 billion).
- Analysts had anticipated revenue of 160.77 billion yuan.
Conclusion
Tencent's successful recovery in the gaming sector is critical as it solidifies the company's standing in the competitive market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.