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Tencent's Q2 revenue climbs 11% to $30.4B, topping estimates, with net income $8.3B on WeChat ads and game spending
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Tencent's second-quarter revenue grew 11% year over year to about $30.4 billion, beating the ~$30 billion estimate, with net income of ~$8.3 billion, fueled by WeChat advertising and resilient game spending.
The revenue beat shows Tencent's advertising and gaming segments remain strong, which may translate into continued investment in its platforms. Engineers working with WeChat or Tencent's services can expect stable or growing resources. The net income figure also indicates profitability that supports long-term projects.
Written by elseif from the cluster below · every claim links back to a sourceThe three things worth knowing
Tencent's Q2 revenue rose 11% year over year to approximately $30.4 billion, exceeding the ~$30 billion analyst estimate.
Net income for the quarter was about $8.3 billion.
Growth was driven by surging WeChat advertising and resilient game spending.
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