In "The Big Banks," Citigroup expects Tencent's gaming business to maintain double-digit growth this year, with advertising business rising by 20%
Citi published a research report indicating that it expects Tencent (00700.HK) to have solid performance in the fourth quarter of last year, with quarterly total revenue expected to increase by 13.5% year-on-year to RMB 195.7 billion, and adjusted EBIT expected to rise by 20.6% to RMB 71.8 billion. The firm believes that the online gaming business may bring surprises to the company.
The firm expects Tencent's gaming business to maintain double-digit growth in 2026, with advertising business growth of about 20%, reiterating the company's "highly confident in outperforming the market" rating
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