Chinese gaming and social media giant Tencent Holdings Ltd said on Wednesday net...
FILE PHOTO - Tencent headquarters is seen at Nanshan Hi-Tech Industrial Park in the southern Chinese city of Shenzhen June 9, 2011. REUTERS/Bobby Yip
BEIJING - Chinese gaming and social media giant Tencent Holdings Ltd said on Wednesday net profit in its third quarter dropped 13%, missing analysts’ estimates, hit by falling media advertising and PC games revenue. The world’s largest gaming firm by revenue booked a 20.38 billion yuan profit for the three months through September. That compared with the 23.45 billion yuan average of 15 analyst estimates compiled by Refinitiv.Reporting by Pei Li and Brenda Goh; Editing by Christopher Cushing & Kim Coghill
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