Chinese tech giant Tencent Holdings announced a 2% drop in second-quarter net profit.
The decline was the first in almost 13 years.
Mobile gaming saw slower growth and PC gaming fell.
(Reuters) – Chinese technology giant Tencent Holdings Ltd on Wednesday reported a surprise 2 percent fall in second-quarter net profit, its first decline in nearly 13 years, due to slower growth in mobile games and a drop in PC gaming.
China’s largest social media and gaming firm said April-June profit fell to 17.87 billion yuan ($2.59 billion), lagging the 19.67 billion yuan average of 12 analyst estimates compiled by Thomson Reuters.See the rest of the story at Business Insider
NOW WATCH: What’s going on with Elon Musk
19 insider facts about shopping at Costco only employees knowI’ve saved enough at age 28 that I’ll be a multimillionaire by retirement, and I used Warren Buffett’s favorite investing strategy to do itHome Depot beats across the board as same-store sales spike 8%
Read more: feedproxy.google.com.