Berita English News

Tencent Posts No Growth in Q1 Revenue, Misses Estimates

Rabu, 18 Mei 2022 | 16:28 WIB
Tencent Posts No Growth in Q1 Revenue, Misses Estimates

ILUSTRASI. Tencent Holdings reported virtually no growth in first-quarterly revenue, its worst ever such performance. REUTERS/Aly Song/File Photo

Sumber: Reuters | Editor: Anastasia Lilin Yuliantina

KONTAN.CO.ID - HONG KONG. Chinese gaming and social media giant Tencent Holdings reported virtually no growth in first-quarterly revenue, its worst ever such performance. The company also missed market estimates as China's economic slowdown and a freeze on new game licences weighed on its business.

Revenue totalled 135,5 billion yuan (US$ 20,08 billion)in the quarter ended March, versus 135,3 billion yuan in the same quarter last year, and below an average estimate of 141 billion yuan from 16 analysts, according to Refinitiv.


Baca juga