$TENCENT (00700.HK)$ announced the unaudited consolidated results for the third quarter ended Sep 30, 2024.
Q3 Financial Highlights
Total revenues were RMB167.2 billion (USD23.9 billion), up 8% YoY.
Gross profit was RMB88.8 billion (USD12.7 billion), up 16% YoY.On an IFRS basis:
- Operating profit was RMB53.3 billion (USD7.6 billion), up 20% YoY.
- Operating margin increased to 32% from 29% last year.
- Profit for the period was RMB54.0 billion (USD7.7 billion), up 47% YoY.
- Profit attributable to equity holders of the Company for the quarter was RMB53.2 billion (USD7.6 billion), up 47% YoY.
- Basic earnings per share were RMB5.762. Diluted earnings per share were RMB5.644.
Total cash was RMB425.5 billion (USD60.7 billion) and free cash flow was RMB58.5 billion (USD8.3 billion), +14% YoY. Net cash position totalled RMB95.5 billion (USD13.6 billion).
Fair value of shareholdings in listed investee companies (excluding subsidiaries) totalled RMB612.5 billion (USD87.4 billion) and the carrying book value of our shareholdings in unlisted investee companies (excluding subsidiaries) was RMB327.7 billion (USD46.8 billion).
During the third quarter of 2024, the company repurchased approximately 94.9 million shares on the Hong Kong Stock Exchange for a consideration of approximately HKD35.9 billion.
