Tencent Holdings Ltd. Reports Strongest Revenue Growth in Over a Year Driven by Gaming Hits and Announces Major Share Buyback Plan

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Tencent Holdings Ltd. posted its fastest pace of revenue growth in more than a year after a string of gaming hits helped China’s most valuable company overcome a persistent economic downturn.

Revenue for the three months ended December rose to 172.5 billion yuan ($23.8 billion) versus an average estimate of 168.7 billion yuan. Net income for the period came to 51.3 billion yuan, compared with projections for 43.9 billion yuan. The company also unveiled plans to buy back at least HK$80 billion worth of shares for 2025 and proposed a 32% rise in its…



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Tencent Holdings Ltd. Reports Strongest Revenue Growth in Over a Year Driven by Gaming Hits and Announces Major Share Buyback Plan


Tencent Holdings Ltd. posted its fastest pace of revenue growth in more than a year after a string of gaming hits helped China’s most valuable company overcome a persistent economic downturn.

Revenue for the three months ended December rose to 172.5 billion yuan ($23.8 billion) versus an average estimate of 168.7 billion yuan. Net income for the period came to 51.3 billion yuan, compared with projections for 43.9 billion yuan. The company also unveiled plans to buy back at least HK$80 billion worth of shares for 2025 and proposed a 32% rise in its…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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