Tencent beats analyst estimates

Jamie McKane

MyBroadband Journalist
Staff member
Super Moderator
Mar 2, 2016
Tencent beats analyst estimates

Tencent Holdings Ltd. posted a better-than-expected 35% rise in quarterly earnings after Peacekeeper Elite became the gaming giant’s first break-out hit since it won regulatory approval to make money off new titles.

Net income rose to 24.1 billion yuan ($3.4 billion) in the three months ended June, the Shenzhen-based company said on Wednesday, beating the average estimate of 21.1 billion yuan compiled by Bloomberg.