Tencent’s profit attributable to equity holders surged 82% year-on-year to RMB 47.6 billion for the six months ended 30 June 2024.
02
Revenue grew 8% to RMB 161.1 billion, while non-IFRS profit increased 53% to RMB 57.3 billion.
03
Gross profit rose 21% to RMB 85.9 billion, driving the gross margin up to 53% from 47% in the prior-year period.
04
Profitability improvements were driven by higher monetization across gaming, digital content, and cloud services in both domestic and international markets.
05
Operating cash flow reached RMB 126.5 billion, supporting a strengthened balance sheet with total assets of RMB 1.655 trillion.
06
Financing activities resulted in a net outflow of RMB 99.8 billion, primarily attributed to significant share repurchases.
Insights
01
Tencent’s profit attributable to equity holders surged 82% year-on-year to RMB 47.6 billion for the six months ended 30 June 2024.
02
Revenue grew 8% to RMB 161.1 billion, while non-IFRS profit increased 53% to RMB 57.3 billion.
03
Gross profit rose 21% to RMB 85.9 billion, driving the gross margin up to 53% from 47% in the prior-year period.
04
Profitability improvements were driven by higher monetization across gaming, digital content, and cloud services in both domestic and international markets.
05
Operating cash flow reached RMB 126.5 billion, supporting a strengthened balance sheet with total assets of RMB 1.655 trillion.
06
Financing activities resulted in a net outflow of RMB 99.8 billion, primarily attributed to significant share repurchases.