China's Tencent Q1 profit rises 65% while online game revenues climb

Tencent Holding Ltd

Chinese gaming and social media giant Tencent Holdings Ltd reported on Thursday a forecast-beating 65% rise in quarterly profit.

Tencent, the world’s largest gaming firm by revenue, booked profit of 47.77 billion yuan ($7.42 billion) for the three months through March, higher than the average analyst estimates published by Refinitiv of 35.45 billion yuan.

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