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
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
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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