Tencent reported second-quarter earnings that missed analyst expectations on Wednesday with increased Chinese regulatory scrutiny of its huge gaming business impacting revenue.
Shares of the Chinese internet giant were down more than 6 percent Wednesday.
Here's how the company did in the three months to the end of June:
- Revenues of 73.7 billion yuan ($10.6 billion) versus 77.3 billion yuan expected by analysts surveyed by Reuters. This is a 30 percent year-on-year rise. This is the slowest revenue growth since the second quarter of 2015.
- Net profit of 17.9 billion yuan versus 19.6 billion yuan expected, representing a 2 percent year-on-year decline and a 23 percent fall from the previous quarter. It's the first decline since the third quarter of 2005.
- Earnings per share of 1.89 yuan versus 1.98 yuan expected.