By Josh Ye
HONG KONG (Reuters) – China’s Tencent Holdings Ltd posted a 11% rise in first-quarter revenue on Wednesday, beating analyst expectations, as its core advertising and gaming businesses recovered from COVID-19-related disruptions a year earlier.
The world’s largest video game company and operator of the WeChat messaging platform said revenue reached 149.98 billion yuan ($21.70 billion) for the three months ended March 31.
That compared with the 146.09 billion yuan average of 17 analyst estimates compiled by Refinitiv.
($1 = 6.9121 Chinese yuan renminbi)
(Reporting by Josh Ye; Editing by Christopher Cushing and Edwina Gibbs)
