Social media and online entertainment company Tencent Holdings on Wednesday reported a 47 percent rise in fourth-quarter profit, helped by strong growth in new revenue streams such as payment and cloud services.
Net profit was 10.53 billion yuan ($1.53 billion). That compared with the 11.75 billion yuan average of six estimates from analysts in a Thomson Reuters poll.
Full-year profit rose 43 percent to 41.1 billion yuan, while revenue rose 48 percent to 151.94 billion yuan.
Tencent declared a final dividend of HK$0.61 ($8 cents) per share, from HK$0.47 a year earlier. Social media smartphone app WeChat had 889.3 million monthly active users at the end of 2016, up 27.6 percent, Tencent said.
