Tencent Holdings Ltd. announced on Wednesday that its total revenues in the fourth quarter of fiscal 2024 stood at $24 billion (172.4 billion yuan), up 11% year over year. In the three months ending December 31, 2024, on a yearly basis, non-IFRS operating profit and diluted earnings per share jumped 21% and 33% to $8.3 billion and $0.82 respectively.
For the whole fiscal 2024, compared to the same period in 2023, total revenues rose by 8%, landing at $91.9 billion. On an annual level, full-year 2024 non-IFRS operating profit improved by 24%, amounting to $33.1 billion, while diluted earnings per share added 44% to $3.25
"Benefitting from AI-powered enhancements to our advertising platform, higher engagement in Video Accounts, and growth in our evergreen games, we achieved double digit revenue growth while sustaining continued operating leverage in the fourth quarter of 2024," CEO Ma Huateng commented.
