Tencent reports strong revenue growth amid game sales recovery

Tencent Holdings reports a 10% increase in third-quarter revenue, reaching 154.6 billion yuan ($21.4 billion).

Source: Tencent Games

The growth signifies a strong recovery for Tencent's games business following regulatory challenges in China's tech sector.

Source: PubG

This marks the third consecutive quarter of revenue growth for Tencent, the world's largest video game company and operator of WeChat.

Source: WeChat

The positive performance reflects the industry's rebound in 2022, with regulators resuming game licenses and the sector experiencing increased revenue in August.

Source: Tencent

Net profit for the same period declines by 9% to 36.1 billion yuan, surpassing the average analyst estimate of 34.6 billion yuan.

Source: Tencent