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$TENCENT (00700.HK)$ The performance for the fourth quarter ending December 31, 2024, is announced, and this performance is, in my opinion, full of surprises, which further confirms that after considering the risks and returns, TENCENT is the top choice among Technology stocks.
In Futubull's "Performance ExpressIt can also be seen that TENCENT's revenue and EPS performance both exceed market expectations, particularly in terms of profitability which greatly surpasses market expectations. In evaluating the key points of the performance, this time it is no longer solely reliant on "This situation of "Reducing Costs and Increasing Efficiency" is believed to be frequently heard in 2024 by everyone.In order to stimulate profits, TENCENT's overall gross margin for the fourth quarter is 52.6%, an increase of 2.6 percentage points year-on-year, but a decrease of 0.5 percentage points quarter-on-quarter, and more importantly, it has fallen for the second consecutive quarter.
However, the gross margin this time is not the market's focus, after all, the market is currently more concerned about not being "This situation of "Reducing Costs and Increasing Efficiency" is believed to be frequently heard in 2024 by everyone.". The performance of various business revenues is surprising, which is the biggest highlight of this earnings report. Today, let's take a look at TENCENT's gaming business, Marketing Services, and CNI Xiangmi Lake Fintech Index and corporate services revenue performance.
Gaming Business
In TENCENT's entire value-added service revenue, the most volatile often comes from the performance of the gaming business. In Q4 2024, both local and international games had surprising performances.
Revenue from local market games increased by 23% year-on-year to CNY 33.2 billion.Although this is due to the low base effect from the same period last year, the company's releases this year, "Dungeon & Fighter: Origin" and "Delta Action," have undoubtedly been successful.
Additionally,International market gaming revenue is 16 billion CNY.
In Futubull's "Performance ExpressIt can also be seen that TENCENT's revenue and EPS performance both exceed market expectations, particularly in terms of profitability which greatly surpasses market expectations. In evaluating the key points of the performance, this time it is no longer solely reliant on "This situation of "Reducing Costs and Increasing Efficiency" is believed to be frequently heard in 2024 by everyone.In order to stimulate profits, TENCENT's overall gross margin for the fourth quarter is 52.6%, an increase of 2.6 percentage points year-on-year, but a decrease of 0.5 percentage points quarter-on-quarter, and more importantly, it has fallen for the second consecutive quarter.
However, the gross margin this time is not the market's focus, after all, the market is currently more concerned about not being "This situation of "Reducing Costs and Increasing Efficiency" is believed to be frequently heard in 2024 by everyone.". The performance of various business revenues is surprising, which is the biggest highlight of this earnings report. Today, let's take a look at TENCENT's gaming business, Marketing Services, and CNI Xiangmi Lake Fintech Index and corporate services revenue performance.
Gaming Business
In TENCENT's entire value-added service revenue, the most volatile often comes from the performance of the gaming business. In Q4 2024, both local and international games had surprising performances.
Revenue from local market games increased by 23% year-on-year to CNY 33.2 billion.Although this is due to the low base effect from the same period last year, the company's releases this year, "Dungeon & Fighter: Origin" and "Delta Action," have undoubtedly been successful.
Additionally,International market gaming revenue is 16 billion CNY.
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