Tencent Holdings Limited ( (HK:0700) ) just unveiled an announcement.
Tencent Holdings Limited announced its audited consolidated results for the year ending December 31, 2024, showcasing a robust financial performance. The company reported an 8% increase in revenues to RMB 660,257 million and a 30% rise in operating profit to RMB 208,099 million, reflecting strong growth in its core business areas. The profit attributable to equity holders surged by 68% to RMB 194,073 million, indicating a significant improvement in profitability. This strong financial performance underscores Tencent’s strategic positioning in the technology sector and its ability to capitalize on market opportunities, which may positively impact its stakeholders and enhance its competitive edge.
More about Tencent Holdings Limited
Tencent Holdings Limited is a leading technology conglomerate based in China, primarily engaged in the provision of internet-related services and products, entertainment, AI, and technology solutions. The company is a dominant player in the digital ecosystem, focusing on social networks, online gaming, fintech, and cloud computing, with a significant market presence both domestically and internationally.
YTD Price Performance: 26.97%
Average Trading Volume: 36,064
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $630B
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