0
Wireless

Tencent revenue growth slows to 13% in Q3, profit up 3%

Wednesday 10 November 2021 | 15:50 CET | News
Tencent saw its revenue growth for the third quarter slow to 13 percent on an annual basis, to total sales of CNY 142.4 billion, as the company dealt with increased regulation on the Chinese internet market. Adjusted EBITDA rose just 3 percent to CNY 49.3 billion, and the net profit advanced 3 percent to CNY 39.5 billion.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: Internet / Mobile & Wireless
Companies: Tencent
Countries: China / World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Tencent's WeChat mini-programmes user base grows 12% to 450 million

Published 07 Jan 2022 07:57 CET | China
Tencent's WeChat app has announced that the number of daily active users of WeChat mini-programmes, which are lite apps within ...

China says all villages connected to broadband services by November 2021

Published 03 Jan 2022 13:01 CET | China
China's administrative villages had all been connected to broadband internet services by the end of November 2021, according to ...

Tencent unveils new game publisher with offices in Amsterdam, Singapore

Published 09 Dec 2021 11:01 CET | Netherlands
Tencent Games is planning to start a new games publisher called Level Infinite. The publisher will have offices in Amsterdam and ...

Tencent Cloud upgrades upgraded video calls on Sail online conversation app

Published 08 Nov 2021 09:25 CET | Japan
Tencent Cloud has teamed up with online communication app Sail to support app users learning Nihongo, Japan's national language. ...

Tencent, Epic to shut down Chinese version of Fortnite on 15 November

Published 05 Nov 2021 08:51 CET | China
Epic Games and Tencent are shutting down the Chinese version of Fortnite. Players will no longer be able to register or download ...

Tencent Cloud starts certification programs for beginner, advanced cloud practitioners

Published 30 Sep 2021 17:00 CET | World
Tencent Cloud announced the launch of cloud courses aimed at both beginner and advanced practitioners on online learning platform ...

Tencent Cloud closes deals with Nomin, S Cloud to debut in Mongolia

Published 29 Sep 2021 11:11 CET | Mongolia
Tencent Cloud reached a cooperation agreement with Nomin Holding, a Mongolian conglomerate, to provide products for Nomin's ...

Tencent Cloud launches V+ Challenge for audiovisual start-ups

Published 23 Sep 2021 11:56 CET | World
Tencent Cloud launched a new initiative called V+ Challenge, calling on participants to innovate on use cases and best practices ...

Tencent Cloud strengthens collaboration with Grafana Labs

Published 21 Sep 2021 08:49 CET | World
Tencent Cloud said it expanded its collaboration with Grafana Labs. The two parties will start developing and validating a new ...

Tencent starts '99 Giving Day' annual charity campaign in Hong Kong

Published 08 Sep 2021 11:19 CET | Hong Kong
Tencent has announced that it is bringing the company's annual charity campaign '99 Giving Day' to Hong Kong, in partnership with ...

Tencent Cloud to launch second internet data centre in Indonesia by end-2021

Published 06 Sep 2021 08:15 CET | Indonesia
Tencent Cloud has announced plans to launch a second Internet Data Centre (IDC) in Indonesia by the end of this year. Tencent ...

Tencent Cloud powers Korean app mall One Store to make mobile games playable on PC

Published 23 Aug 2021 10:44 CET | Korea, Republic of
Tencent Cloud has announced its support to One Store, one of the largest local Android application malls in South Korea, to take ...

Tencent lifts Q2 revenues by 20%, games revenue grows 12%

Published 18 Aug 2021 15:57 CET | China
Tencent reported higher results for the second quarter, helped by growth across all business lines but particularly Business ...

Tencent gets green light to take Sogou private

Published 13 Jul 2021 09:46 CET | China
Tencent has received approval by China's competition watchdog to take search engine Sogou private, in a deal worth USD 3.5 ...

Tencent's revenues jump 25%, boosted by 17% growth in games sales

Published 21 May 2021 07:24 CET | China
Tencent posted total revenues of CNY 135.3 billion (approximately USD 20.6 billion) for the first quarter of this year, which ...

Tencent Q4 revenues increase 26% to CNY 134 bln

Published 25 Mar 2021 14:41 CET | China
Tencent reported total revenues for the fourth quarter up 26 percent year-on-year to CNY 133.670 billion. The operating profit ...





Calendar   /   Industry Events

19 Jan Fujitsu ActivateNow: Technology Summit
20 Jan Limelight Networks Q4 2021
20 Jan Netflix Q4 2021
25 Jan Ericsson Q4 2021
25 Jan Microsoft fiscal Q2
25 Jan F5 fiscal Q1
25 Jan Verizon Q4 2021
25 Jan European 5G Conference
26 Jan AT&T Q4 2021
26 Jan Corning Q4 2021
26 Jan Intel Q4 2021
26 Jan Calix Q4 2021
26 Jan Crown Castle Q4 2021
27 Jan Extreme Networks fiscal Q2
27 Jan Samsung Electronics Q4 2021
27 Jan Juniper Networks Q4 2021
27 Jan STMicroelectronics Q4 2021
27 Jan MTN Nigeria Q4 2021
27 Jan Elisa Q4 2021
27 Jan Rogers Communications Q4 2021
27 Jan Comcast Q4 2021
27 Jan Apple fiscal Q1
27 Jan FCC meeting
::: More Calendar Items