TENCENT ANNOUNCES 2021 THIRD QUARTER RESULTS

Total revenues were RMB142.4 billion (USD22.0 billion2), an increase of 13% over the third quarter of 2020 (“YoY”).  On a non-IFRS basis, which is intended to reflect core earnings by excluding certain one-time and/or non-cash items: Operating profit was RMB40.8 billion (USD6.3 billion), an increase of 7% YoY. Operating margin decreased to 29% from 30% last year. Profit for the period was RMB32.5 billion (USD5.0 billion), a decrease of 2% YoY. Net margin decreased to 23% from 27% last year. Profit attributable to equity holders of the Company for the quarter was 31.8 billion (USD4.9 billion), a decrease of 2% YoY. Basic earnings per share were RMB3.329. Diluted earnings per share were RMB3.269.  On an IFRS basis: Operating profit was RMB53.1 billion (USD8.2 billion), an increase of 21% YoY. Operating margin increased to 37% from 35% last year. Profit for the period was RMB40.1 billion (USD6.2 billion), an increase of 3% YoY. Net margin decreased to 28% from 31% last year. Profit attributable to equity holders of the Company for the quarter was RMB39.5 billion (USD6.1 billion), an increase of 3% YoY. Basic earnings per share were RMB4.143. Diluted earnings per share were RMB4.074.  Total cash were RMB289.5 billion (USD44.6 billion) at the end of the period.