Tencent Holding (TCEHY - Free Report) reported fourth-quarter 2018 adjusted earnings of 30 cents per share that beat the Zacks Consensus Estimate by 2 cents. The figure also increased 13% year over year.
Revenues of $12.37 billion increased 27.9% from the year-ago quarter. The Zacks Consensus Estimate was pegged at $12.33 billion.
In local currency, adjusted earnings were RMB2.07 and revenues were RMB84.89 billion.
Notably, its shares lost 3.5% to close at $45.26 on Mar 22, following the release of the latest earnings. The decline was likely due to lower fourth-quarter 2018 margins as a result of increased spending.
Moreover, shares of Tencent have lost 18.1% over the past year compared with the industry's decline of 8.6% in the same period.
Quarter Details
Value Added Services (VAS) revenues (51.4% of total revenues) increased 9.3% year over year to RMB43.65 billion.
Social networks revenues increased 25% year over year to RMB19.5 billion owing to revenue growth from video streaming subscriptions and live broadcast services. However, online games revenues declined 1% year over year to RMB24.2 billion.
Online advertising revenues (20.1% of total revenues) increased 37.8% year over year to RMB17 billion.
Social and other advertising revenues increased 44% year over year to RMB11.8 billion due to ad revenue growth from QQ KanDian, Weixin Moments and Mini Programs.
Mini Programs’ daily visits per user increased 54% year over year and total active users surged more than more than 250% year over year. Additionally, the number of Weixin Pay transactions increased 80% year over year in the reported quarter due to easily deployable QR code solutions.
Additionally, media ad revenues increased 26% year over year to RMB5.2 billion owing to growth from Tencent video and Tencent news.
Tencent Holding Ltd. Price, Consensus and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Tencent Holding (TCEHY - Free Report) reported fourth-quarter 2018 adjusted earnings of 30 cents per share that beat the Zacks Consensus Estimate by 2 cents. The figure also increased 13% year over year.
Revenues of $12.37 billion increased 27.9% from the year-ago quarter. The Zacks Consensus Estimate was pegged at $12.33 billion.
In local currency, adjusted earnings were RMB2.07 and revenues were RMB84.89 billion.
Notably, its shares lost 3.5% to close at $45.26 on Mar 22, following the release of the latest earnings. The decline was likely due to lower fourth-quarter 2018 margins as a result of increased spending.
Moreover, shares of Tencent have lost 18.1% over the past year compared with the industry's decline of 8.6% in the same period.
Quarter Details
Value Added Services (VAS) revenues (51.4% of total revenues) increased 9.3% year over year to RMB43.65 billion.
Social networks revenues increased 25% year over year to RMB19.5 billion owing to revenue growth from video streaming subscriptions and live broadcast services. However, online games revenues declined 1% year over year to RMB24.2 billion.
Online advertising revenues (20.1% of total revenues) increased 37.8% year over year to RMB17 billion.
Social and other advertising revenues increased 44% year over year to RMB11.8 billion due to ad revenue growth from QQ KanDian, Weixin Moments and Mini Programs.
Mini Programs’ daily visits per user increased 54% year over year and total active users surged more than more than 250% year over year. Additionally, the number of Weixin Pay transactions increased 80% year over year in the reported quarter due to easily deployable QR code solutions.
Additionally, media ad revenues increased 26% year over year to RMB5.2 billion owing to growth from Tencent video and Tencent news.
Tencent Holding Ltd. Price, Consensus and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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