China's Tencent posts forecast-beating Q1 revenue on gaming growth

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Tencent reports $8.26 billion in gaming revenue for Q1, up 24% y-o-y · TechNode

Tencent released its first-quarter earnings on Wednesday, showing revenue from its gaming sector had reached RMB 59.5 billion ($8.26 billion), a year-on-year increase of 24%. Revenue from the domestic gaming market came in at RMB 42.9 billion ($5.95 billion), while revenue from international markets reached RMB 16.6 billion ($2.3 billion) for the quarter. According to the report, domestic growth was mainly driven by increased revenue from Honor …

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China's Tencent posts forecast-beating revenue on gaming growth

BEIJING China — Chinese internet giant Tencent on Wednesday reported a better-than-expected increase in first-quarter revenue, propelled by growth in gaming as the firm’s strategic drive into artificial intelligence deepens. Shenzhen-based Tencent is the operator of China’s multifunctional app WeChat and a major player in the global gaming industry. The firm also has a presence in cloud computing, entertainment and AI — the latter of which has s…

Chinese technology firm Tencent posts 13% rise in quarterly revenue on AI, gaming boost

The revenue growth was led by robust performance in the gaming segment, as Tencent benefited from regulatory easing in China’s gaming sector following stringent restrictions in previous years