HSI1 26,241.83 -244.07 209.64B
HSCEI1 9,267.56 -88.41 76.99B
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M Stanley Forecast for TENCENT's 3Q25 Results (Table)
2025-11-06 14:40:32
Item │ 3Q25 Estimate │ YoY Change
Total Revenue │ RMB189.111 billion │ +13.1%
- Value-Added Services Revenue │ RMB93.599 billion │ +13.2%
-- Game Revenue │ RMB60.999 billion │ +17.8%
--- Domestic Game Revenue │ RMB42.149 billion │ +17.9%
--- International Game Revenue │ RMB18.886 billion │ +13.0%
- Online Advertising Revenue │ RMB35.842 billion │ +19.5%
- FinTech and Business Services Revenue │ RMB58.212 billion │ +9.7%
- Other Revenue │ RMB1.458 billion │ +3%
- Gross Profit │ RMB105.26 billion │ +18.5%
- Gross Margin │ 55.7% │ +2.5 ppts
- Net Profit │ RMB57.646 billion │ +8.3%
- Non-IFRS Net Profit │ RMB67.246 billion │ +12.4%
- Non-IFRS Net Profit Margin │ 35.6% │ -0.2 ppts
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