Tencent posts fastest profit growth in 3 years as online ads, business services offset slower gaming

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Tencent saw slightly better performance in its core gaming business as well as improved profitability in its advertising and business services division.

The Chinese tech giant saw slightly better performance in its core gaming business as well as improved profitability in its advertising and business services division.

Profit attributable to equity holders of the company: 41.9 billion yuan versus 36.64 billion yuan anticipated. The Chinese internet giant, which runs the world's largest messaging app WeChat, has been on a path to recovery after suffering its first annual revenue decline in 2022.

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