News

Tencent (TCEHY) Q3 2022 earnings results miss on revenue & beat EPS expectations

Tencent (TCEHY) is out with its Q3 2022 earnings, showing mixed results for the entertainment titan.

November 16, 2022 12:55 PM

Tencent (TCEHY) continues to expand and solidify itself as a monolith in the gaming and entertainment world at large. With that, there were a lot of eyes on the company when it reported its latest round of earnings earlier today. In Tencent’s Q3 2022 earnings report, we see that the company missed on revenue expectations, but beat EPS expectations.

Tencent published its Q3 2022 earnings report earlier today. In the report, the company reveals that it brought in $19.7 billion in revenue during the quarter. This is just below the $20.48 billion that was previously expected. Tencent also posted $0.58 in earnings per share, which breezes past the $0.37 expectations. Tencent CEO and Chairman Ma Huateng provided a statement alongside the earnings report.

Tencent is one of the largest companies in entertainment and continues to be quite active when it comes to expanding that empire. In this calendar year alone, the company has increased its stake in Ubisoft, invested in FromSoftware, and released a cloud gaming handheld in association with Logitech. As we keep a watchful eye on the latest business moves at Tencent, keep it locked to Shacknews for the latest details.

Donovan Erskine

News Editor

Donovan is a young journalist from Maryland, who likes to game. His oldest gaming memory is playing Pajama Sam on his mom's desktop during weekends. Pokémon Emerald, Halo 2, and the original Star Wars Battlefront 2 were some of the most influential titles in awakening his love for video games. After interning for Shacknews throughout college, Donovan graduated from Bowie State University in 2020 with a major in broadcast journalism and joined the team full-time. He is a huge Scream nerd and film fanatic that will talk with you about movies and games all day. You can follow him on twitter @Donimals_

Filed Under