Tencent (00700) will announce its third-quarter performance ending September by next Wednesday (the 13th).
According to the Securities Times app, Tencent (00700) will announce its third-quarter performance ending September by next Wednesday (the 13th). Benefited from continuous growth in gaming and video content business and expansion of gross margin, based on forecasts from 12 brokerages, Tencent's net income under non-International Financial Reporting Standards for the third quarter of this year is expected to reach RMB 51.341 billion to 57 billion, compared to RMB 44.921 billion in the same period last year, a year-on-year increase of 14.3% to 26.9%, with a median of RMB 54.86 billion, a year-on-year increase of 22%.
Based on forecasts from 7 brokerages, Tencent's net income for the third quarter of this year is expected to reach RMB 42.5 billion to 45.668 billion, compared to the net profit of RMB 36.182 billion in the same period last year, a year-on-year increase of 17.5% to 26.2%, with a median of RMB 45.43 billion, a year-on-year increase of 25.6%. Goldman Sachs predicts that the market's focus is on whether Tencent's management can provide strong guidance on the future of the online gaming industry, the outlook for advertising business, growth in financial technology and payments, expansion of gross margin, and the situation of free cash flow (for investments in AI and cloud business and shareholder returns).