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? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Transforming Beauty Retail: AI Across the Value Chain, from Innovation to PersonalizationAnalyst Corner—Trimming Waistlines and Spending: Exploring New Data on GLP-1’s Impact on Consumer Purchases, with John MercerAnalyst Corner: Holiday Spirit, Bigger Budgets: US Consumers’ Plans for the Fourth of July, Labor Day and the Holiday Season, with Aditya KaushikUS Online Grocery Survey 2025: Full-Basket Orders Increase as Delivery Retains Its Dominance
