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<Foresight>G Sachs Forecast on TENCENT (00700.HK) 1Q Results (Table)
Recommend
11
Positive
23
Negative
4
Items│1Q25 forecast (RMB)│YoY change

Total revenue │ 175.382 billion │ +10%
Net profit │ 49.555 billion │ +18.3%
Non-IFRS net profit │ 58.717 billion │ +16.8%
Gross profit margin of value-added services │57.8% │ up 0.5 ppts
Gross profit margin of Online advertising business │54.4% │up 1.8 ppts

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