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Which business unit will contribute the most to Tencent's revenue in Q3 2024?
2
Resolution / Starting Odds
Gaming • 25%
Social Networks • 25%
Online Advertising • 25%
Fintech and Business Services • 25%
Tencent's Q3 2024 financial report
Story
Tencent's Q2 Profit Jumps 82% with 8% Revenue Increase to CNY 161.117 Billion
Aug 14, 2024, 08:44 AM
Tencent Holdings, the Chinese technology giant, reported a significant financial upturn in the second quarter of 2024. The company's revenue increased by 8% year-on-year, reaching CNY 161.117 billion. This growth was largely attributed to a recovery in its gaming business, particularly following the successful release of Dungeon & Fighter Mobile in May. Additionally, Tencent's profit attributable to shareholders surged by 82%, amounting to CNY 47.63 billion. This marks a notable recovery for Tencent, as its gaming unit, a key component of its business, has shown accelerated growth.
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Similar markets
Gaming • 25%
Online Advertising • 25%
Fintech • 25%
Other • 25%
Below 5.0 yuan • 25%
5.0 to 5.5 yuan • 25%
5.5 to 6.0 yuan • 25%
Above 6.0 yuan • 25%
TikTok • 25%
Douyin • 25%
Toutiao • 25%
Other • 25%
TikTok Shop • 25%
Advertising • 25%
New Product Launches • 25%
Other • 25%
iPhone • 25%
Services • 25%
iPad • 25%
Other • 25%
Acquisition • 25%
Partnership • 25%
Both • 25%
Neither • 25%
AI servers • 25%
Consumer electronics • 25%
Other sectors • 25%
Equal across sectors • 25%
Tmall • 25%
Taobao • 25%
Cloud Computing • 25%
Other • 25%
Stock price increases by more than 10% • 25%
Stock price increases by less than 10% • 25%
Stock price decreases by less than 10% • 25%
Stock price decreases by more than 10% • 25%
AI Servers • 25%
Cloud and Networking Products • 25%
Smartphones • 25%
Other • 25%