2021年10月26日

Tencent reported a 175% increase in fourth-quarter net profit in 2020 as management responded to antitrust regulations

Gaming and investment earnings drive Tencent’s earnings to new highs. On March 24, Tencent Holdings (00700.HK) released its financial results for the fourth quarter and full year ended Dec. 31. In the fourth quarter, Tencent’s revenue was 133.669 billion yuan, up 26 percent year-on-year and up 7 percent month-on-month. Net profit was 59.302 billion yuan, up 175% year on year and 54% month-on-month; Excluding investment gains, non-IFRS net profit was 33.207 billion yuan, up 30 percent year on year.


For the whole year, the revenue was 482.064 billion yuan, up 28% year-on-year. Net profit was 159.847 billion yuan, up 71 percent year on year. The net profit under non-international financial reporting standards was 122.742 billion yuan, up 30% year on year. Revenue and net profit were in line with market expectations and exceeded the median forecast of 28 brokerages. Dividend per share is HK $1.60.

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