Tencent's quarterly profit jumps 175%, above Wall Street forecast

Chinese gaming and social media giant Tencent Holdings Ltd on Wednesday reported a forecast-beating 175% rise in quarterly profit.

The world's largest gaming firm by revenue booked profit of 59.3 billion yuan ($9.09 billion) for the three months through December. That was ahead of an average analyst estimate of 30.65 billion yuan, based on data from Refinitiv.

($1 = 6.5232 Chinese yuan renminbi)

 

(Reporting by Pei Li; Editing by Jan Harvey)