Tencent's Q3 2024 financial report

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.