Tencent sees 19% YoY increase in net profit during 4Q22

MG News | March 23, 2023 at 01:30 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

March 23, 2023 (MLN): Chinese tech giant Tencent has reported a 19% year-on-year increase in net profit for Q4 2022, reaching 29.7 billion yuan ($4.3 billion), alongside a 0.5% YoY rise in revenue to 145bn yuan ($21bn).

While Tencent's total revenues for 2022 declined by 1% to 554.6bn yuan ($81bn), its international games business saw a boost, contributing 33% of the company's games revenue in Q4 2022 compared to 28% in the same period the previous year.

Despite annual earnings declines, Tencent CEO Ma Huateng expressed confidence in the company's focus on core activities and the development of new revenue streams, such as Video Accounts and international games, while also investing in AI capabilities and cloud infrastructure.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	168,021.80 127.60M	-0.81% -1370.52
ALLSHR	101,556.94 354.31M	-0.67% -689.83
KSE30	49,991.48 75.67M	-0.94% -476.61
KMI30	238,953.80 53.22M	-0.89% -2154.95
KMIALLSHR	65,832.11 176.71M	-0.62% -413.39
BKTi	46,602.60 33.62M	-0.83% -389.71
OGTi	34,306.19 5.41M	-0.53% -182.74

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	75,960.00	76,330.00 75,140.00	-205.00 -0.27%
BRENT CRUDE	107.41	108.59 106.66	-1.34 -1.23%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	2.75 2.16%
ROTTERDAM COAL MONTHLY	138.50	0.00 0.00	-0.50 -0.36%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	103.78	105.63 102.85	-2.05 -1.94%
SUGAR #11 WORLD	18.07	18.09 17.68	0.13 0.72%