Wednesday, November 13, 2024

Tencent reports Q3 revenue up 8% YoY to ~$23.9B and net income up 20% YoY to ~$7.4B, vs. ~$6.2B est., buoyed by Dungeon & Fighter Mobile and Black Myth: Wukong (Zheping Huang/Bloomberg)

Zheping Huang / Bloomberg:
Tencent reports Q3 revenue up 8% YoY to ~$23.9B and net income up 20% YoY to ~$7.4B, vs. ~$6.2B est., buoyed by Dungeon & Fighter Mobile and Black Myth: Wukong  —  - Net income for the September quarter beat analyst estimates  — Tencent kicks off a busy earnings season for China tech



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Sources: PE firm Silver Lake intends to merge French software companies Cegid and Silae in a €10B+ deal, allowing them to combine data and integrate software (Financial Times)

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