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.