According to "Blue Chip," Tencent's non-IFRS adjusted net profit increased by 17% to RMB 64.694 billion in the last quarter of last year, meeting expectations

Tencent Holdings (00700.HK) announced its fourth-quarter results for the period ending last December, with a net profit of RMB 58.26 billion, an increase of 13.5% year-on-year, in line with the forecast range of RMB 50.863 billion to RMB 58.917 billion from eight brokerages, and closer to the upper limit of the forecast; earnings per share were RMB 6.433.

Under non-International Financial Reporting Standards (non-IFRS), Tencent's adjusted net profit for the fourth quarter was RMB 64.694 billion, a year-on-year growth of 17%, in line with the forecast from twelve brokerages ranging from RMB 61.16 billion to RMB 67.945 billion, with a median of RMB 64 billion. Non-IFRS basic earnings per share were RMB 7.144.

During the period, revenue was RMB 194.371 billion, an increase of 12.7% year-on-year, in line with the forecast range from fourteen brokerages of RMB 191.627 billion to RMB 197.739 billion. Among them, revenue from value-added services grew by 14% year-on-year to RMB 89.9 billion. Domestic game revenue was RMB 38.2 billion, a year-on-year increase of 15%; international game revenue was RMB 21.1 billion, a year-on-year increase of 32%, or 31% at constant exchange rates. Social network revenue grew by 3% year-on-year to RMB 30.6 billion.

Revenue from marketing services was RMB 41.1 billion, a year-on-year increase of 17%. Revenue from financial technology and enterprise services grew by 8% year-on-year to RMB 60.8 billion