Tencent Q3 Results: Revenue down 2% year on year to $19 bn

Beijing, Nov 16, 2022 -Chinese tech giant Tencent’s revenue fell 2 percent year on year in the third quarter, the company said Wednesday, as Beijing’s regulatory crackdown on video games and the tech sector hit earnings.

The Hong Kong-listed company, which is the world’s top video game maker and the owner of popular super-app WeChat, posted revenues of 140 billion yuan ($19 billion) in the third quarter, according to a stock exchange filing.