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Tencent cuts 5,000 jobs, slashes marketing spend by 21%

Tencent Holding Ltd. (TCEHY) Q2 2021 Earnings Call Transcript

TCEHY earnings call for the period ending June 30, 2021.

China
Weixin
Guangdong
Henan
Japan
Tokyo
Hanjin
Hunan
Canton
Japanese
Martin-lau
Wendy-huang

Tencent Announces 2021 Second Quarter and Interim Results

/PRNewswire/ Tencent Holdings Limited ("Tencent" or the "Company", 00700.HK), a leading provider of Internet value added services in China, today announced.

China
Weixin
Guangdong
Henan
Japan
Tokyo
Hong-kong
Shenzhen
Ma-huateng
Fintech-services
Business-services
Tencent-holdings-limited

Tencent: Tencent Announces 2021 First Quarter Results

Tencent: Tencent Announces 2021 First Quarter Results 1Q2021 Total r [2]), an increase of 25% over the first quarter of 2020 ( YoY ). On a non-IFRS basis , which is intended to reflect core earnings by excluding certain one-time and/or non-cash items: Operating profit was RMB42.8 billion (USD6.5 billion), an increase of 20% YoY. Operating margin decreased to 32% from 33% last year. Profit for the period was RMB34.5 billion (USD5.3 billion), an increase of 23% YoY. Net margin remained stable at 26%. Profit attributable to equity holders of the Company for the quarter was RMB33.1 billion (USD5.0 billion), an increase of 22% YoY. Basic earnings per share were RMB3.481. Diluted earnings per share were RMB3.415.

Weixin
Guangdong
China
Weishi
Zhejiang
Hong-kong
Shenzhen
Chinese
Ma-huateng
Prnewswire-tencent-holdings-limited
Business-services
Sustainable-social-value-organisation

Tencent Announces 2021 First Quarter Results

/PRNewswire/ Tencent Holdings Limited ("Tencent" or the "Company", 00700.HK), a leading provider of Internet value added services in China, today announced.

Weixin
Guangdong
China
Weishi
Zhejiang
Hong-kong
Shenzhen
Chinese
Ma-huateng
Prnewswire-tencent-holdings-limited
Business-services
Sustainable-social-value-organisation

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