Tencent Holdings reported net earnings of approximately $19.4 billion in fiscal year 2024, recovering steadily after a downturn caused by Chinese regulatory crackdowns. The company's online gaming and fintech divisions led the earnings rebound, with profit margins improving as domestic advertising revenue returned to growth through the second half of the year.
Annual Earnings Of Tencent
| Year |
Net Earnings (USD) |
YoY Change |
| 2015 | $4.4B | — |
| 2016 | $6.2B | +40.9% |
| 2017 | $10.0B | +61.3% |
| 2018 | $11.2B | +12.0% |
| 2019 | $13.9B | +24.1% |
| 2020 | $22.4B | +61.2% |
| 2021 | $18.2B | −18.8% |
| 2022 | $10.8B | −40.7% |
| 2023 | $18.9B | +75.0% |
| 2024 | $19.4B | +2.6% |
Tencent P/E Ratio
| Year |
P/E Ratio |
YoY Change |
| 2015 | 39.2x | — |
| 2016 | 41.5x | +5.9% |
| 2017 | 52.3x | +26.0% |
| 2018 | 26.4x | −49.5% |
| 2019 | 33.2x | +25.8% |
| 2020 | 35.8x | +7.8% |
| 2021 | 18.9x | −47.2% |
| 2022 | 24.6x | +30.2% |
| 2023 | 18.2x | −26.0% |
| 2024 | 20.4x | +12.1% |
