TCEHY
🚀 Tencent reported its highest quarterly revenue growth since 2023, driven by a series of successes in the video game sector.
💰 The company plans to repurchase over $10 billion in shares, signaling strong confidence in its financial health and future prospects.
📈 Net profit nearly doubled, exceeding analyst expectations and demonstrating the company’s ability to thrive even during China’s economic recession.
@bernardodegarcia:
“Tencent Holdings Limited is rising. It’s moderating by 1%, not even falling, currently down by 0.18%, after announcing that it plans to repurchase more than $10 billion in shares after recording its highest quarterly revenue growth since 2023, driven by a series of successes in the video game sector during the Chinese economic recession. Revenues for the final quarter ending in December increased by 11%. We have here, well, we have the year-over-year change, up 14% for online advertisement, 17% for fintech business, an aggregate of 11%, exceeding forecasts of up to 172.5 million yuan. Net profit almost doubled to, I don’t know if we have it here, revenue, revenue, operating metrics, no, we don’t have the profits. Anyway, it almost doubled to 51.3 million yuan, exceeding analysts’ estimated forecasts. The company also announced plans to repurchase shares worth at least $80 billion Hong Kong dollars and proposed a 32% increase in its annual dividend for 2025. Shares of Prosus, one of its main shareholders, rose more than 1% in Europe.”
Watch the exact part of the YouTube video where Bernardo de Garcia discusses Tencent here:
View the video on YouTube.
Read more articles by the world’s top 100 analysts on Tencent (TCEHY) at the following link. TCEHY stock.
