Chinese internet giant Tencent increased net profit by 19% to 63.13bn yuan ($8.88bn) in the third quarter, up from 53.23bn yuan in the same period last year, according to reports.
Operating profit also rose 19% to ¥63.55bn. Its profit margin climbed to 33% from 32% a year earlier.
Revenue rose 15% to 192.87 billion yuan.
Analysts surveyed by LSEG on average forecasted Tencent’s net profit at 57.3 billion yuan on revenue of 188.9 billion yuan.
In the gaming segment, the company’s revenue in July-September increased by 15% in the domestic market (to 42.8 billion yuan) and 43% in international markets (to 20.8 billion yuan). Revenues in the social networking segment grew by 5% (to 32.3 billion yuan), in the segment of financial-technology and business services – by 10% (to 58.2 billion yuan), from online advertising – by 21% (to 36.2 billion yuan).
The number of active users of the QQ instant messaging service totalled 517 million at the end of September, down 8% year-on-year. The combined number of users of Weixin and WeChat increased by 2% to 1.414 billion people.
Tencent’s stock price at the end of trading in Hong Kong on Thursday fell by 0.15%. Financial statements were published after the market closed.
The market value of the company over the past three months rose by 11.2%, while the Hang Seng stock index added 6.1%.