Tencent reports results for the three months to the end of June on Wednesday with analysts expecting one of the fastest revenue-growing quarters in over a year.
Here's how the company is expected to do based on Refinitiv consensus estimates from analysts:112.72 billion yuan . That would be a 26.9% year-on-year rise, the fastest growth since the fourth quarter of 2018.Analysts at China Merchants Securities expect Tencent to pull in 41.6 billion yuan in online game revenue.
as people turned to its mobile titles while stuck at home during coronavirus lockdowns in China and elsewhere. Tencent warned then that it expected in-game consumption to normalize going forward.WeChat ban looms Last week, Trump issued an executive order banning U.S. transactions related to WeChat. The scope of that ruling is unclear as of now.However, analysts don't think Washington's move will have a major impact on Tencent.
"WeChat itself has immaterial business and financial exposure to the US," analysts at China Renaissance said in a recent note. "We estimate Tencent's current revenue exposure to the US is less than 3%, with earnings exposure less than 5%," the analysts said.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
How Trump's WeChat ban cuts off a lifeline for Asians, could cost him supportOne WeChat user, an American citizen from China, said such a ban would upend the way she and others communicate with family in China.
Weiterlesen »
Trump's WeChat ban in US could hurt Apple's iPhone sales, analyst says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
Pivot: Trump’s executive order on TikTok & WeChat, Friend of Pivot Jennifer Palmieri about women in politics, and guest host Andrew Ross Sorkin on a billionaire tax on Apple Podcasts.karaswisher and guest host andrewrsorkin talk about Trump’s executive order on TikTok and WeChat, a proposed tax on billionaires who made large amounts of money during the pandemic, and talk to jmpalmieri about women in politics. Listen to Pivot:
Weiterlesen »
Marriott posts bigger-than-expected loss as virus hits bookingsU.S. hotel operator Marriott International posted a bigger-than-expected quarterly loss on Monday, as the coronavirus crisis curbed global travel and led to a plunge in room bookings.
Weiterlesen »
Trump's WeChat ban in US could hurt Apple's iPhone sales, analyst says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
How Trump's WeChat ban cuts off a lifeline for Asians, could cost him supportOne WeChat user, an American citizen from China, said such a ban would upend the way she and others communicate with family in China.
Weiterlesen »