Tencent’s Q2 revenue up 8% on recovery in game business

BEIJING (Reuters) – China’s Tencent Holdings (OTC:) reported a 8% rise in second-quarter revenue on Wednesday, driven by a recovery in its gaming business after a launch of a new mobile game in May that got off to a strong start.

The world’s largest video game company and operator of the WeChat messaging platform said revenue reached 161.12 billion yuan ($22.54 billion) in the quarter ended June 30. Analysts had expected revenue of 160.77 billion yuan, according to LSEG data.

($1 = 7.1484 renminbi)