Company Earnings UpdateTencent (HKEX: 0700) 1Q19 Results: Beats Consensus on EPS, Announces New Fintech and Business Services Segment Coresight Research May 16, 2019 Executive Summary Tencent reported 1Q19 revenues of ¥85.47 billion (USD 12.4 billion), up 16.2% year over year and below the ¥88.41 billion consensus estimate. Adjusted EPS was ¥2.19 (USD $0.32), up 14.2% year over year and beating the ¥1.99 consensus estimate. Combined Weixin and WeChat monthly average users (MAU) were 1.1 billion, up 6.9% year over year and fee-based registered value-added service (VAS) subscriptions were 165.5 million, up 12.5% year over year. Tencent started disclosing results for a new FinTech and Business services segment, which recorded ¥21.8 billion (USD $3.2 billion), whose revenues grew 44% year over year, driven by commercial payments, other services such as microloan products and the cloud business. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Responses to Inflation—Trading Down in Food and Nonfood Remains a Critical Shopping Strategy: US Consumer Survey InsightsInnovator Profile: MUSE Inc.—Transforming Retail Operations with Intelligent Store RobotsUS Store Openings and Closures Midyear 2025 Review and Outlook: Where Does Retail Real Estate Stand in a Year of Disruption?US Back to School 2025, Part 2: Where Consumers Will Shop—Opportunities with Higher-Income Shoppers, in Retail Media and on TikTok
