Zheping Huang / Bloomberg:
Tencent reports Q1 revenue up 6% YoY to ~$22B, above ~$21.95B est., and net profit up 62% YoY to ~$5.8B, above ~$4.8B est., boosted by new WeChat monetization — Tencent Holdings Ltd.’s revenue beat estimates after its WeChat super-app propelled growth in advertising and gaming despite a faltering Chinese economic recovery.
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