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  4. Tencent reports its first-ever revenue drop as regulations and COVID-19 bite
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Tencent reports its first-ever revenue drop as regulations and COVID-19 bite

By Josh Ye HONG KONG (Reuters) - China's Tencent Holdings (OTC:TCEHY) reported on Wednesday its first ever quarterly sales fall, hurt by a lack of game approvals and regulations...
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Tencent reports its first-ever revenue drop as regulations and COVID-19 bite © Reuters. FILE PHOTO: A staff member is seen at a booth of Tencent at an exhibition during China Internet Conference in Beijing, China July 13, 2021. REUTERS/Tingshu Wang

By Josh Ye

HONG KONG (Reuters) - China's Tencent Holdings (OTC:TCEHY) reported on Wednesday its first ever quarterly sales fall, hurt by a lack of game approvals and regulations that limit playing time, as well as COVID-19 lockdowns and a weak economy that squeezed ad sales.

Tencent, the world's largest video game company and the operator of the WeChat messaging platform, said revenue fell 3% to 134.034 billion yuan ($19.78 billion) for the three months ended June 30.

Analysts on an average expected 134.6 billion yuan, according to Refinitiv Eikon data.

($1 = 6.7756 Chinese yuan renminbi)

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01-05-2024 10:45:17 (UTC+7)

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ↀ Giá vàng thế giới
$2,285.72-47.5-2.04%
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Sản phẩmVùng 1Vùng 2
RON 95-V25.44025.940
RON 95-III24.91025.400
E5 RON 92-II23.91024.380
DO 0.05S20.71021.120
DO 0,001S-V21.32021.740
Dầu hỏa 2-K20.68021.090
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Brent$85.50+3.860.05%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD25.088,0025.458,00
EUR26.475,3627.949,19
GBP30.873,5232.211,36
JPY156,74166,02
KRW15,9219,31
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