Chinese social media and gaming company Tencent on Wednesday reported better-than-expected profit in the third quarter, spurred by growth in games, advertising and cloud services.
Tencent reported profit attributable to shareholders of 53.23 billion yuan ($7.37 billion) in the third quarter, compared with a LSEG estimate of 46.18 billion yuan over the period.
The company’s revenue came in at 167.19 billion yuan, short of the 167.82 billion yuan analyst forecast.
This breaking news story is being updated.