Tencent’s Q1 revenue grows as ad sales, business services offset slower gaming

Tencent’s Q1 revenue grows as ad sales, business services offset slower gaming

hapabapa Tencent’s (OTCPK:TCEHY) (OTCPK:TCTZF) first quarter revenue rose 6% year-over-year to RMB159.5B (about $22.5B) beating estimates, as its business services and advertising sales divisions showed growth. Total revenues for Tencent — a video game company and operator of WeChat messaging service — amounting RMB159.5B, came in above average estimates of RMB158.8B, according to a report…

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Ottawa’s spending grows twice pace of revenue as interest climbs

Ottawa’s spending grows twice pace of revenue as interest climbs

Article content Canadian government spending is growing faster than revenue while interest payments are continuing to climb, as Finance Minister Chrystia Freeland prepares to deliver her budget next month. Program expenses excluding actuarial losses from April 2023 to January were 6.7 per cent higher than the same period during the previous year, “reflecting increases across…

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