Tencent Holdings Third Quarter 2024 Earnings: EPS Beats Expectations

Tencent Holdings (HKG:700) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥167.2b (up 8.1% from 3Q 2023).
• Net income: CN¥53.2b (up 47% from 3Q 2023).
• Profit margin: 32% (up from 23% in 3Q 2023). The increase in margin was primarily driven by higher revenue.
• EPS: CN¥5.76 (up from CN¥3.83 in 3Q 2023).

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 19%.

Looking ahead, revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Interactive Media and Services industry in Asia.

Performance of the market in Hong Kong.

The company's shares are down 4.7% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Tencent Holdings that you should be aware of.

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