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High demand for video games during lockdowns buoys Tencent revenue
High demand for video games during COVID-19 lockdowns buoyed Tencent Holdings’ first-quarter revenue and profits with blockbuster games. Read more…
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Singtel Group reports lower revenues and profits in third quarter
Singtel Group’s net profit for the fiscal third quarter ended 31 December 2019 declined 24%, operating revenue for the three-month period was down 5%. Read more…
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Slow 5G take up hampers Angry Birds gaming profits
Quarterly profit at “Angry Birds” maker plunged 96% as the mobile games company was hit by the slower-than-expected take up of its 5G gaming platform. Read more…
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Cost cuts give unexpected boost to Nokia profits
Cost cuts provided an unexpected boost to Nokia’s fourth-quarter underlying profit, driving its share price to a four-month high. Read more…
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Globe Telecom revenue and profits up on strong data growth
Ayala-led Globe Telecom said full-year consolidated service revenues reached USD2.9 billion in 2019 due to sustained data revenue growth. Read more…
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Softbank companies start earnings reports with rise in profits
Japanese IT services firm SB Technology booked a 41% rise in quarterly profit, marking the season’s first earnings report of dozens of SoftBank Group. Read more…
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Tencent charging for more content drives up profit
China’s Tencent Music Entertainment Group said it had started charging for more of its pay-for-streaming services helped drive up profit above expectations. Read more…
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Softbank shares jump after record buyback and profit surge
SoftBank shares jumped 17% on Thursday, adding $14bn to market value, after it unveiled a record share buyback and a surge in quarterly operating profit. Read more…