Chinese gaming and social media giant Tencent Holdings(0700.HK)posted a 3% rise in third-quarter profit on Wednesday, beating analyst expectations as it flagged the impact of heightened regulatory scrutiny and a slowdown in advertising.
Net profit for the three months through September rose to 39.5 billion yuan ($6.18 billion), above an average Refinitiv estimate of 35 billion yuan drawn from 14 analysts.
Revenue climbed 13% to 142.4 billion yuan, slightly below expectations.
Sales from mobile games rose 9%, the owner of games such as "Honor of Kings" and "PUBG mobile" said in a statement.