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UBS Expects TENCENT 2Q Revenue to Climb 9% YoY, Adj. Net Profit to Lift 4%
2026-07-10 17:02:07
UBS published a research report forecasting that TENCENT (00700.HK)'s revenue for 2Q will elevate 9% YoY, while adjusted net profit will rise 4% to RMB66 billion.

Regarding TENCENT's gaming business, the broker expected growth in domestic gaming revenue to accelerate to 10% (vs 6% growth in 1Q), while international gaming revenue growth was expected to slow to 8% (vs 13% growth in 1Q).

The broker reiterated its Buy rating on TENCENT and maintained its TP at HKD780.
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AASTOCKS Financial News
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