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.

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