Tencent Holdings Ltd Q1 2023 Earnings Call Transcript - Thomson StreetEvents

Tencent Holdings Ltd Q1 2023 Earnings Call Transcript

Tencent Holdings Ltd Q1 2023 Earnings Call Transcript - Thomson StreetEvents
Tencent Holdings Ltd Q1 2023 Earnings Call Transcript
Published May 17, 2023
17 pages (11675 words) — Published May 17, 2023
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Transcript of 0700.HK earnings conference call or presentation 17-May-23 12:00pm GMT

  
Brief Excerpt:

...Thank you, Wendy. Good evening. Thank you for joining us. During the first quarter, we resumed a double-digit revenue growth rate as our payment volumes benefited from and facilitated domestic consumption recovery. Our games revenue improved and our advertising revenue sustained rapid growth. Our non-IFRS net profit increased at a faster pace, reflecting a positive revenue mix shift, operational efficiencies and an easy base period. We are investing in our AI capabilities and cloud infrastructure to embrace the opportunities brought by foundation models and expect AI to be a growth multiplier that enables us to better serve our users, customers and society at large. Now let me go through the slide financial numbers for the quarter. Total revenue was RMB 150 billion, up 11% year-on-year and 3% quarter-on-quarter. Gross profit was RMB 68 billion, up 19% year-on-year and 10% quarter-on-quarter. Non-IFRS operating profit was RMB 48 billion, up 32% year-on-year and 23% quarter-on-quarter. Non-IFRS...

  
Report Type:

Transcript

Source:
Thomson StreetEvents
Company:
Tencent Holdings Ltd
Ticker
0700.HK
Time
12:00pm GMT
Format:
PDF Adobe Acrobat
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Tencent Holdings Ltd Q3 2024 Earnings Call Transcript – 2024-11-13 – US$ 54.00 – Edited Transcript of 0700.HK earnings conference call or presentation 13-Nov-24 12:00pm GMT

Tencent Holdings Ltd Q2 2024 Earnings Call Transcript – 2024-08-14 – US$ 54.00 – Edited Transcript of 0700.HK earnings conference call or presentation 14-Aug-24 12:00pm GMT

Tencent Holdings Ltd Q4 2023 Earnings Call Transcript – 2024-03-20 – US$ 54.00 – Edited Transcript of 0700.HK earnings conference call or presentation 20-Mar-24 12:00pm GMT

Tencent Holdings Ltd Q3 2023 Earnings Call Transcript – 2023-11-15 – US$ 54.00 – Edited Transcript of 0700.HK earnings conference call or presentation 15-Nov-23 12:00pm GMT

Tencent Holdings Ltd Q2 2023 Earnings Call Transcript – 2023-08-16 – US$ 54.00 – Edited Transcript of 0700.HK earnings conference call or presentation 16-Aug-23 12:00pm GMT

Tencent Holdings Ltd Q4 2022 Earnings Call Transcript – 2023-03-22 – US$ 54.00 – Edited Transcript of 0700.HK earnings conference call or presentation 22-Mar-23 12:00pm GMT

Tencent Holdings Ltd Q3 2022 Earnings Call Transcript – 2022-11-16 – US$ 54.00 – Edited Transcript of 0700.HK earnings conference call or presentation 16-Nov-22 12:00pm GMT

Tencent Holdings Ltd Q2 2022 Earnings Call Transcript – 2022-08-17 – US$ 54.00 – Edited Transcript of 0700.HK earnings conference call or presentation 17-Aug-22 12:00pm GMT

Tencent Holdings Ltd Q1 2022 Earnings Call Transcript – 2022-05-18 – US$ 54.00 – Edited Transcript of 0700.HK earnings conference call or presentation 18-May-22 12:00pm GMT

Tencent Holdings Ltd Q4 2021 Earnings Call Transcript – 2022-03-23 – US$ 54.00 – Edited Transcript of 0700.HK earnings conference call or presentation 23-Mar-22 12:00pm GMT

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Cite this Report

  
MLA:
Thomson StreetEvents. "Tencent Holdings Ltd Q1 2023 Earnings Call Transcript" May 17, 2023. Alacra Store. May 25, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2023-Tencent-Holdings-Ltd-Earnings-Call-T15548966>
  
APA:
Thomson StreetEvents. (2023). Tencent Holdings Ltd Q1 2023 Earnings Call Transcript May 17, 2023. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2023-Tencent-Holdings-Ltd-Earnings-Call-T15548966>
  
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