Similar companies
| Company | Revenue | |
|---|---|---|
 |
AMCAMC |
1.03B 8.3% |
 |
DisneyDIS |
23.2B 4.9% |
 |
Fubo TVFUBO |
403M 0.9% |
 |
RokuROKU |
970M 10.1% |
 |
NetflixNFLX |
9.56B 2% |
Income Statement (CNY)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 7.16B | 3.9% |
| Gross Profit | 3.01B | 14% |
| Cost of Revenue | 4.15B | 2.4% |
| Operating expense | 812M | 24.2% |
| Net Income | 1.68B | 28.8% |
| EBITDA | 2.25B | 31.2% |
Balance Sheet (CNY)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 82.4B | 9.1% |
| Total Liabilities | 19.5B | 6.5% |
| Total Equity | 61.2B | 9.5% |
| Shares Outstanding | 1.57B | 0.2% |
Cash Flow (CNY)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 2.94B | 48.9% |
| Cash from financing | -1.61B | 179.7% |
Financial Highlights for Tencent in Q2 '24
Tencent reported a revenue of 7.16B, which is a 3.9% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 3.01B, marking a 14% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 4.15B, a -2.4% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 812M, showing a -24.2% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 1.68B, showing a 28.8% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 2.25B, showing a 31.2% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Tencent with growth in revenue, gross profit, and net income.
