- Hong Kong
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- Interactive Media and Services
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- SEHK:700
Tencent Holdings Third Quarter 2023 Earnings: EPS Beats Expectations
Tencent Holdings (HKG:700) Third Quarter 2023 Results
Key Financial Results
- Revenue: CN¥154.6b (up 10% from 3Q 2022).
- Net income: CN¥36.2b (down 9.4% from 3Q 2022).
- Profit margin: 23% (down from 28% in 3Q 2022).
- EPS: CN¥3.83 (down from CN¥4.19 in 3Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Tencent Holdings EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.1%.
Looking ahead, revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Interactive Media and Services industry in Asia.
Performance of the market in Hong Kong.
The company's shares are up 5.9% from a week ago.
Valuation
Our analysis of Tencent Holdings based on 6 different valuation metrics shows it might be undervalued. Click here to view our comprehensive analysis and gain insights into the stock's investment prospects.
Valuation is complex, but we're here to simplify it.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About SEHK:700
Tencent Holdings
An investment holding company, offers value-added services (VAS), online advertising, fintech, and business services in the People’s Republic of China and internationally.
Flawless balance sheet with reasonable growth potential.