Tencent Holdings Ltd.’s profit slid as slowing economic growth in China and rising competition ate away in crucial areas such as advertising.
The world’s largest videogame company by revenue, which also includes social-networking app WeChat, reported a 13% drop in third-quarter profit from a year earlier, to 20.4 billion yuan —short of the 24.4 billion yuan forecast of analysts polled by FactSet.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tencent Music Beats Analyst Expectations in Rebound Q3 Earnings ReportTencent Music announced its third-quarter results on Monday (Nov. 11), showing substantial growth in paid user subscriptions of its music apps and an increase in monthly average ad revenue per user.
Source: billboard - 🏆 112. / 63 Read more »
CBS Earnings Drop Amid Higher Content, Streaming Spending Ahead of Viacom MergerCBS Corp. earnings exceed Wall Street estimates in likely final report before Viacom merger, company touts record third-quarter revenue is that merger that will benefit the shareholders, more then the consumers?
Source: THR - 🏆 411. / 53 Read more »
Weak 2019 earnings growth paves the way for a strong 2020 earnings picture, boosting stocksAs forward earnings estimates have fallen since the start of October, stocks have rallied.
Source: CNBC - 🏆 12. / 72 Read more »