Tencent smash second quarter earnings expectations due to strong games demand

Tencent reported on Wednesday results. for the three months through to the end of June. that beat analyst expectations in one of the fastest revenue-growing quarters in two years.

The company is one of the targets of the executive order signed by President Donald Trump, prohibiting any transaction related to WeChat, the popular messaging app owned by Tencent.

Revenue from online games, which accounts for one-third of total sales, increased 40% in the second quarter, primarily driven by mobile games including Honor of Kings and Peacekeeper Elite.