Future Tech

Tencent reports 3% jump in third-quarter profit, beating expectations

Tan KW
Publish date: Wed, 10 Nov 2021, 07:14 PM
Tan KW
0 464,857
Future Tech

SHANGHAI - Chinese gaming and social media giant Tencent Holdings posted a 3% rise in third-quarter profit, beating analyst expectations as it flagged the impact of heightened regulatory scrutiny and an advertising slowdown.

Net profit for the three months through September rose to 39.5 billion yuan ($6.18 billion), above an average Refinitiv estimate of 35 billion yuan drawn from 14 analysts.

 


  - Reuters

 

Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment