Tencent Holdings Ltd. plans to buy back more than $10 billion of stock after posting its fastest pace of quarterly revenue growth since 2023, buoyed by a string of gaming hits during a Chinese economic downturn.
Revenue for the three months ended December rose a better-than-projected 11% to 172.5 billion yuan ($23.8 billion). Net income almost doubled to 51.3 billion yuan, ahead of projections. The company also unveiled plans to buy back at least HK$80 billion worth of shares and proposed a 32% rise in its annual dividend for 2025. Shares in Prosus NV, a major shareholder, gained more than 1% in Europe.
China’s most valuable company scored last year with game releases from Nexon Co.’s Dungeon & Fighter Mobile to its own PC shooter Delta Force—titles it intends to grow into so-called evergreen franchises that can generate steady cash. That might help take the heat off other parts of Tencent’s internet portfolio, where businesses like advertising and payment
We współpracy z: https://fortune.com/asia/2025/03/19/tencent-earnings-shares-buyback-video-games-china/
