Summary by Moomoo AI
TENTEN HOLDINGS LIMITED ANNOUNCES UNAUDITED CONSOLIDATED RESULTS FOR THE THREE MONTHS ENDED 31 MARCH 2024. For the period, the Company's revenue reached RMB159,501 million, up 6% year-on-year; gross profit was RMB83,870 million, up 23% year-on-year; operating profit RMB52,556 million, up 38% year-on-year; and profit in the period was RMB42,651 million, up 62% year-on-year. Basic earnings per share were RMB 4.479, up 64% year-on-year. The Company continues to increase its repurchase efforts with a share buyback program of more than HK$100 billion. WeChat and WeChat combined monthly active accounts reached 1,359 million, up 3% year-on-year; QQ's mobile terminal active accounts were 553 million, down 7% year-on-year. The company has seen growth in businesses such as gaming, advertising and fintech services, and continues to invest in AI technology.