Tencent Q3 Reports Revealed

Business

16 November 2023 12:57

Chinese video game giant Tencent revealed its Q3 financial results. In its Q3 earnings report, Tencent reported a revenue of 154.6 billion yuan ($21.5 billion), reflecting a 4% year-over-year increase. Profits saw a 5% year-over-year decline, amounting to 36.8 billion yuan ($5.1 billion). The gaming segment constituted 30% of the total revenue, equivalent to $6.36 billion. The company will also launch a new version of Honor of Kings: World.

Tags: Tencent

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Tencent Q3 Reports Revealed

Business

16 November 2023 12:57

Tags: Tencent

Chinese video game giant Tencent revealed its Q3 financial results. In its Q3 earnings report, Tencent reported a revenue of 154.6 billion yuan ($21.5 billion), reflecting a 4% year-over-year increase. Profits saw a 5% year-over-year decline, amounting to 36.8 billion yuan ($5.1 billion). The gaming segment constituted 30% of the total revenue, equivalent to $6.36 billion. The company will also launch a new version of Honor of Kings: World.

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