Tencent Q1 profits (2nd largest SMT holding)20 May 2021 11:46
HONG KONG, May 20 (Reuters) - Chinese gaming and social media giant Tencent Holdings Ltd 0700.HK reported a forecast-beating 65% rise in quarterly profit on Thursday, driven by a surge in users for its video games in China and international markets.
Tencent, the world's largest gaming firm by revenue, booked profit of 47.77 billion yuan ($7.42 billion) for the three months through March, higher than the average analyst estimates published by Refinitiv of 35.45 billion yuan.
Revenue rose 25% to 135.3 billion yuan, versus market expectations of 134.39 billion yuan.