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).
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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