Tencent Q3 Reports Revealed

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.

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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.

Share:

Sources:

Report mistake   

Submit news   

Related news

View All

Tencent Invests $1.25B in Ubisoft

Ubisoft has announced a significant step in its transformation, following a $1.25B investment from Chinese tech giant Tencent. This move...

Investments

Mar 28, 2025

Tencent Acquires More Shares of Kadokawa

Tencent Holdings has reportedly increased its stake in Kadokawa, the parent company of FromSoftware. On Monday, the Chinese tech giant...

Mergers and Acquisitions

Mar 05, 2025

Tencent Targeted by U.S. Department of Defense

The U.S. Department of Defense has added Tencent, the social media and gaming giant, and CATL, the world’s largest battery...

Drama

Jan 08, 2025

Tencent Directors to Leave Epic Games

Two Tencent directors have stepped down from Epic Games' board of directors following concerns raised by the US Justice...

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Dec 20, 2024

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Tencent has become the majority shareholder of Wuthering Waves developer Kuro Games. Tencent now owns a 51.4 percent controlling stake...

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