Here's how Tencent did in the fourth quarter of 2024 versus Refinitiv estimates:
Revenue: 172.4 billion Chinese yuan ($23.9 billion), versus 168.9 billion yuan expected.
Profit attributable to equity holders of the company: 51.3 billion yuan, compared with 46.03 billion yuan expected.
Revenue rose 11% year-on-year while profit was up 90% versus the same period in 2023.
Tencent is known as one of the world's biggest gaming firms. Domestic games revenue in China rose 23% year-on-year to 33.2 billion yuan in the fourth quarter. Tencent said this hike was due to a low base in the prior year's period, as well as growth in some of its hit games, including Honour of Kings and Peacekeeper Elite.