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A man uses a mobile phone in front of a logo of Tencent at the Global Mobile Internet Conference (GMIC) 2015 in Beijing, China, April 28, 2015. REUTERS/Kim Kyung-Hoon/File photo
HONG KONG (Reuters) – Tencent Holdings on Wednesday posted a better-than-expected 35% rise in quarterly net profit, as its gaming arm regained growth momentum on a thaw in new approvals by China after a freeze for most of last year.
The world’s largest gaming firm by revenue reported 24.14 billion yuan ($3.44 billion) in net profit for the second quarter ended June, versus an average estimate of 20.74 billion yuan from 13 analysts polled by Refinitiv.
Revenue rose 21% to 88.8 billion yuan, versus an average forecast of 93.4 billion yuan from 16 analysts.
Reporting by Sijia Jiang; Editing by Himani Sarkar
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