Tencent Holdings reported an 11% increase in Q4 revenue, reaching 172.4 billion yuan ($23.83 billion), surpassing analyst expectations of 168.9 billion yuan, driven mainly by growth in its gaming business.

Tencent Holdings, the renowned Chinese technology leader, disclosed an 11% increase in its fourth-quarter revenue, largely fueled by the expansion of its gaming division. The company reported revenue of 172.4 billion yuan (approximately $23.83 billion) for the quarter that concluded on December 31. This figure surpassed the average analyst expectation of 168.9 billion yuan, as surveyed by LSEG.

In conclusion, Tencent Holdings demonstrated notable financial performance in the fourth quarter, with revenue rising significantly above analyst forecasts, primarily due to growth in its gaming sector. This achievement underscores the company’s strong market position and resilience in a competitive industry.

Original Source: www.tradingview.com

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