Tencent Holdings Full Year 2024 Earnings: EPS Beats Expectations

Tencent Holdings (HKG:700) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥660.3b (up 8.4% from FY 2023).
• Net income: CN¥194.1b (up 68% from FY 2023).
• Profit margin: 29% (up from 19% in FY 2023). The increase in margin was primarily driven by higher revenue.
• EPS: CN¥20.94 (up from CN¥12.19 in FY 2023).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

Tencent Holdings EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.8%.

The primary driver behind last 12 months revenue was the Value-Added Services (VAS) segment contributing a total revenue of CN¥319.2b (48% of total revenue). The largest operating expense was General & Administrative costs, amounting to CN¥112.8b (73% of total expenses). Explore how 700's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Interactive Media and Services industry in Hong Kong.

Performance of the Hong Kong Interactive Media and Services industry.

The company's shares are down 11% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Tencent Holdings' balance sheet.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.