Tencent: Updates on Gaming and Other Business Segments for 2Q24
What’s New: We maintain our 2Q24 top-line estimates as deceleration in fintech services could be offset by potential upside in gaming and ads. In this note, we discuss key updates including near-term outlook for segments including games, ads, fintech and business services.Analysts:
Jin Yoon
Tencent Holdings Limited is an investment holding company principally involved in the provision of value-added services (VAS) and online advertising services. The Company operates through three main segments. The VAS segment is mainly involved in provision of online/mobile games, community value-added services and applications across various Internet and mobile platforms. The Online Advertising segment is mainly engaged in display based and performance based advertisements. The Others segment is mainly involved in provision of payment related services, cloud services and other services.
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