Description
Overview of Tencent Holdings Limited Q2FY24 Report
Goals and Objectives of the Research
Research Objective: To perform a comparative analysis of the Q2FY24 quarterly report and those of previous periods.
Research Tasks:
- Gather comprehensive financial and corporate information pertaining to the company for Q2FY24;
- Analyze the collected information;
- Conduct a comparative assessment of the report for the Q2FY24 with reports for previous quarters up to the Q2FY23;
- Formulate conclusions based on the analyzed data.
Disclaimers
The information collected in this report reflects data from the company's public reports and is not questioned or verified via other sources. In other words, information from the company's public reports is taken and used as is.
If additional information from other sources is used or if the data used is reflective of the researcher's personal opinion, this will be labeled accordingly.
The provided public company quarterly reports are unaudited.
Document Markup
- FY - Financial Year;
- Q - Quarter;
- QoQ - Quarter-over-Quarter;
- Tencent - Tencent Holdings Limited;
- This report uses the American number format: a period is used as the decimal separator, while commas separate thousands;
- Year-over-year (YoY) calculations of relative values were not performed in cases where last year's profit changed to a loss in the current year and vice versa within the scope of the current report;
- Tencent Holdings Limited Q2FY24 Report Period is from April 1 to June 30, 2024.
Short Insights
- Total revenues were 161,117 million RMB, up 7.98% from Q2FY23 revenue of 149,208 million RMB and 1.01% up from Q1FY24 revenue of 159,501 million RMB;
- Operating profit was 50,732 million RMB, up 39.82% from Q2FY23 36,283 million RMB and 3.47% down from Q1FY24 operating profit of 52,556 million RMB;
- In Q2FY24, the company repurchased ≈ 103.7 million shares on the Hong Kong Stock Exchange for a consideration of ≈ 37,500 million HKD;
- Mini Programs total user time spent increased over 20% year-on-year, benefitting from their robust commerce and content ecosystem.
