Tencent sales beat expectations on gaming and ad revenue

Fintech revenue up just 4% as consumer spending slows

20240814 Tencent

China’s Tencent Holdings logged a better quarterly result than expected on Wednesday, backed by strong growth in domestic games and online advertising.  © Getty Images

CISSY ZHOU, Nikkei staff writer

HONG KONG -- China's most valuable company, Tencent Holdings, posted a better-than-expected quarterly result on Wednesday, as domestic games resumed growing and online advertising growth remained robust.

In the April-June quarter, revenue of the Shenzhen-based company rose 8% on the year to 161.11 billion yuan ($22.5 billion), beating the average forecast of 160.77 billion yuan from analysts surveyed by LSEG.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.