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Tencent Quarterly Profits Rebound to $6.7 Billion as China Games Segment Returns to Growth and Streaming Adds Subscribers
Tencent's second quarter profits rebound to $6.7 billion as its China games segment returns to growth and music and video streaming add subscribers.
Tencent, China’s leading social media, streaming and games group, enjoyed a rebound in profitability in the second quarter of the year that it says vindicates its position as platform operator and content producer. Its “Joy of Life 2” and “The Legend of Shen Li” were two most watched drama series on China online platforms during the first half of 2024. Both drama series were based on listed subsidiary company China Literature’s web novel IPs and produced by Tencent’s New Classics Media.
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