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
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 abovereport