Tencent reports higher earnings than estimated, boosting Naspers

Hong Kong — Tencent’s quarterly earnings beat estimates, boosted by gains on investments, giving shareholders much-needed assurance that the Chinese gaming behemoth was bound for a revival.

Now that regulators are again green-lighting titles, investors are counting on the worst being over as the company invests in video and news personalisation to win back users from Bytedance. “We expect to see a more diversified and sustainable recurring revenue model for Tencent’s mobile games.”

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mondi reports strong first-quarter earnings growthUnderlying earnings will be affected by higher maintenance costs in 2019, the group says, although it saw lower costs in its first quarter
Source: BDliveSA - 🏆 12. / 63 Read more »

Steinhoff falls 15% as market reacts to glum 2017 earnings reportThe Stellenbosch-headquartered retail conglomerate published its long-delayed 2017 earnings late on Tuesday. Fin24 Seriously? Thought this shitstock Steinhoff was on 0 already? Buying this now is like voting for the ANC.
Source: News24 - 🏆 4. / 80 Read more »

Elections boost business confidence | IOL Business ReportThe incoming administration is set to inherit improved business confidence after sentiment rose in April for the first time since January in anticipation of a more stable post-election policy environment. busrep busrep You are as gullible as the 30percenters
Source: IOL - 🏆 46. / 51 Read more »

Pepkor says half-year earnings rose up to 54.1%The group was a wholly owned subsidiary of Steinhoff until it was listed on the JSE in September 2017 Great results by far.
Source: BDliveSA - 🏆 12. / 63 Read more »

Nissan flags drop in profit, with its weakest earnings in 11 yearsNissan forecasts a 28% drop in profit this year due to the Carlos Ghosn scandal continuing to weigh on results, and sluggish US sales
Source: BDliveSA - 🏆 12. / 63 Read more »

Altron says turnaround is ‘complete’ as earnings surgeThe company’s conservative approach to managing its debt seems to be a sound strategy, analyst says
Source: BDliveSA - 🏆 12. / 63 Read more »

Astral slashes interim dividend as earnings fallFeed price and production cost increases could not be recovered by increasing sales due to consumers’ inability to absorb price increases, company says
Source: BDliveSA - 🏆 12. / 63 Read more »