Tencent profit misses forecasts as higher spend offsets gaming gains
Stiinta si Tehnologie
BEIJING: Tencent Holdings reported a 9 per cent rise in first-quarter revenue to 196.5 billion yuan (US$28.94 billion) on Wednesday (May 13), but fell short of the 198.96 billion yuan forecast by analysts. The Shenzhen-based company's revenue growth was driven by a strong gaming performance, with domestic gaming revenue rising 6 per cent and international gaming revenue climbing 13 per cent. Although China's largest social media and gaming company benefited from robust demand for its games and
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