ResearchConsumer Staples, Communication, Consumer Discretionary
WIA2020 | Next 50 in Global Tech: Consumer Technology
Tencent's Net Income Fell by 23% in First Quarter as it Shifted to To Business Services
Tencent reported revenue of CNY 135.4 billion in Q1 2022, the same as last year but less than the expected CNY 141.06 billion. The company's net income fell 51% year over year to CNY 23.4 billion. Under Non-IFRS, net income is CNY 25.5 billion, down 23% from the previous year.
May 18, 2022 05:08 PM