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Tencent revenue growth slows to 16% in Q1

Wednesday 15 May 2019 | 17:24 CET | News
Tencent reported first-quarter revenues up 16 percent to CNY 85.5 billion (USD 12.7 billion), as solid growth in online advertising and expansion in payment and cloud services helped offset the slowdown in its games activities. Adjusted EBITDA rose 15 percent to CNY 35.6 billion, and net profit increased 17 percent to CNY 27.2 billion. 

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Categories: Internet
Companies: Tencent
Countries: China
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