Tencent Soars: Q4 Earnings Surge 90% as Gaming and Advertising Boom

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BREAKING: Tencent on Wednesday posted a fourth-quarter beat on top and bottom line driven by a surge in gaming and advertising revenue.

Here’s how Tencent did in the fourth quarter of 2024 versus Refinitiv estimates:

Revenue: 172.4 billion Chinese yuan ($23.9 billion) versus 168.9 billion yuan expected

Profit attributable to equity holders of the company: 51.3 billion yuan versus 46.03 billion yuan expected

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