Summary by Futu AI
Tencent Holdings Limited announced unaudited comprehensive performance for the three months ended March 31, 2024. During the period, the company's revenue reached 159.501 billion Chinese yuan, a 6% year-on-year increase; gross profit was 83.87 billion Chinese yuan, a 23% year-on-year increase; operating profit was 52.556 billion Chinese yuan, a 38% year-on-year increase; net profit for the period was 42.651 billion Chinese yuan, a 62% year-on-year increase. Basic earnings per share were 4.479 Chinese yuan, a 64% year-on-year increase. The company continues to increase its buyback efforts and implement a share repurchase plan exceeding HKD 100 billion. The combined monthly active accounts of WeChat and Weixin reached 1.359 billion, a 3% year-on-year increase; the monthly active accounts of QQ's mobile terminals were 553 million, a 7% year-on-year decrease. The company achieved growth in gaming, advertising, and cni xiangmi lake fintech index services, and continues to invest in AI technology.