Tencent chairman and chief executive Pony Ma Huateng speaks at the opening ceremony of the fifth World Internet Conference in Wuzhen, Zhejiang province, on November 7, 2018. Photo: Reuters
Tech /  Enterprises

Tencent posts better-than-expected US$3.4 billion third quarter profit as social ad revenues offset uncertainties in games sector

  • Revenue rose 24 per cent to 80.6 billion yuan in line with the consensus of 20 analysts
  • Mobile games business reported 11 per cent sequential growth thanks to a seasonal boost
Topic |   Tencent
Iris DengCelia Chen
Iris Deng and Celia Chen

Updated: 2:40pm, 15 Nov, 2018

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Tencent chairman and chief executive Pony Ma Huateng speaks at the opening ceremony of the fifth World Internet Conference in Wuzhen, Zhejiang province, on November 7, 2018. Photo: Reuters
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