Tencent’s Revenue Up 8% in Q3, Slightly Misses Forecasts; Profits Jump on Gaming, Ads Gains - video Dailymotion

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Tencent's third-quarter profits rose 47%, exceeding estimates, with gains from gaming, advertising, and cloud services. Revenue grew 8% annually, slightly below forecasts. Tencent’s AI tools aided cloud and marketing services, though China's smaller enterprise market limits AI cloud growth. The tech company warned of a gradual economic recovery but anticipated long-term growth acceleration due to recent pro-growth measures from Chinese authorities, which have boosted stock markets.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Tencent's third quarter profits rose 47%, exceeding estimates, with gains from gaming,

00:08advertising, and cloud services. Revenue grew 8% annually, slightly below forecasts.

00:13Tencent's AI tools aided cloud and marketing services, though China's smaller enterprise

00:18market limits AI cloud growth. The tech company warned of a gradual economic recovery,

00:24but anticipated long-term growth acceleration to recent pro-growth measures from Chinese

00:28authorities, which have boosted stock markets. For all things money, visit Benzinga.com.

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