Company Earnings Update 4 minutesRegister for Free AccessTencent (HKEX: 0700) 2Q19 Results: Mixed Results, Growth in FinTech and Business Services in Challenging Ad Environment Coresight Research August 15, 2019 Executive Summary Tencent reported 2Q19 revenues of ¥88.82 billion (US$12.9 billion), up 20.6% year over year and below the ¥92.93 billion consensus estimate. Adjusted EPS was ¥2.46 (US$0.35), up 19.1% year over year and beating the ¥2.23 consensus estimate. Combined Weixin and WeChat monthly average users (MAU) were 1.1 billion, up 7.1% year over year and fee-based registered value-added service (VAS) subscriptions were 168.9 million, up 9.7% year over year. The new FinTech and Business services segment reported revenues of ¥22.9 billion (US$3.3 billion), up 37.3% year over year, driven by commercial payments and the cloud business. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Groceryshop 2023 “Shark Reef” Startup Pitch: All You Need To KnowBEST at Retail: Brand Building—Storytelling Drives In-Person Store VisitsConsumers Skeptical About the Economy, But Cautiously Optimistic About Their Own Finances: US Consumer Survey Insights 2023, Week 44Singles’ Day 2023 Performance: Positive Reports from Major E-Commerce Platforms
