Financial Report Outlook | Tencent Q3 Profit Growth May Slow Down, Focus On Revenue Growth

Tencent is expected to announce its 2021 Q3 results next Wednesday (November 10)

The launch of the blockbuster "League of Legends" mobile game has been postponed, and Tencent's investment in corporate services, games, and short videos is still continuing. The slowdown in net and profit growth under Non-IFRS has been within market expectations. It is recommended to focus on the growth rate of revenue and dilute the growth rate of profit in the short term. In addition, the two major products of "League of Legends Mobile Game" and "Battle of the Golden Shovel" were launched, which is expected to boost the performance in the fourth quarter.