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Tencent Rises After Online Games, Videos Fuel Record Profit

  • Game revenue surges on new titles, subscription services
  • Online advertising sales double on mobile platform growth
WeChat app.

WeChat app.

Photographer: Brent Lewin/Bloomberg
Updated on

Tencent Holdings Ltd. rose in Hong Kong trading after the Internet company posted record third-quarter profit, withstanding a slowing domestic economy through the popularity of its online games and streaming HBO shows.

Shares gained 0.7 percent HK$151.50 in Hong Kong trading, after earlier rising as much as 2.7 percent. The Shenzhen-based company said Tuesday that net income climbed 32 percent to 7.45 billion yuan ($1.2 billion) in the three months ended September. Sales rose 34 percent to 26.6 billion yuan, beating analyst estimates.