Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  Tencent Holdings Ltd    0700   KYG875721634

TENCENT HOLDINGS LTD

(0700)
My previous session
Most popular
  Report  
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

EA's 'Apex Legends' tops 'Fortnite' record with 25 million signups in a week

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/12/2019 | 10:24am EST
The Electronic Arts Inc., logo is displayed on a screen during a PlayStation 4 Pro launch event in New York

(Reuters) - Shares of Electronic Arts Inc jumped 8.5 percent on Tuesday after the videogame maker said it signed up 25 million players for its new battle royale game "Apex Legends" in a week, setting it up for a showdown with Epic Games' wildly popular "Fortnite".

EA is hoping to reproduce the success of "Fortnite", which blends the "The Hunger Games" movie trilogy and "Minecraft" video game and has developed a huge following with teenagers and older gamers.

EA owns iconic games such as "FIFA", "Need for Speed" and "Battlefield" and launched "Apex Legends" last week in efforts to attract new audiences and take advantage of the popularity of the battle royale format, where dozens of online players battle each other to the death.

"Apex Legends" signed up 10 million players within three days of its launch, EA said last week, a milestone that Fortnite took two weeks to reach. EA disclosed the new number on Monday on Twitter.

While the initial numbers mark a victory for EA, the company still has a long way to go to match Fortnite's more than 200 million subscribers.

As of Friday, "Apex Legends" was the most viewed on gaming live-streaming network Twitch.

"(Electronic Arts') topsy-turvey CY19 took a decidedly positive turn last Friday when they announced 'Apex Legends'," Bernstein analysts said, raising their price target on the stock by $29 (£23) to $120 - well above the median Wall Street target of $95.

"Apex Legends' stunning success should also greatly reduce the frustration with management sometimes expressed by investors," the analysts said, adding that "Fortnite" took three months to reach 30 million users.

Analysts from Baird said that the update should provide investors with better visibility that "Apex Legends" could be a "meaningful hit" for EA over the coming year.

The news comes almost a week after the company lowered its yearly revenue projections following weak sales of its "Battlefield V" title, that had sent its stock plunging 18 percent.

After a 9.6 percent surge on intraday on Monday, the stock ended slightly lower at $97.24.

Activision Blizzard was marginally up ahead of its quarterly results, which are due after the bell.

(Reporting by Akanksha Rana in Bengaluru; Editing by Saumyadeb Chakrabarty)

By Akanksha Rana

Stocks treated in this article : Tencent Holdings Ltd, Activision Blizzard, Electronic Arts
Stocks mentioned in the article
ChangeLast1st jan.
ACTIVISION BLIZZARD -1.83% 44.6 Delayed Quote.-4.23%
ELECTRONIC ARTS 1.51% 106.84 Delayed Quote.35.39%
TENCENT HOLDINGS LTD -2.34% 333.8 End-of-day quote.6.04%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TENCENT HOLDINGS LTD
06:15aTENCENT : Alibaba is the force behind hit Chinese Communist Party app - sources
RE
01:35aHSI opens up 285 pts at 28,186; H-share up 120 pts to 11,057
AQ
02/17ASIA MARKETS: Asian Markets Kick Higher On Renewed U.S.-China Trade Hopes
DJ
02/14TENCENT : Party theory learning app a hit in China
AQ
02/14Big Tech's banking foray on regulators' radar
RE
02/14TENCENT : Employees queue for hours for token red packet, chance to meet the bos..
AQ
02/14HSI opens down 101 pts at 28,396; H-share -45 pts to 11,153
AQ
02/14ASIA MARKETS: Asian Markets Pause From Strong Run With U.S.-China Trade Talks..
DJ
02/13TENCENT : Supercell posts second year of falling profits
AQ
02/13TENCENT : Tencents $150 Million Investment in Reddit Sparks Censorship Worry
AQ
More news
Financials (CNY)
Sales 2018 313 B
EBIT 2018 95 036 M
Net income 2018 81 889 M
Finance 2018 66 052 M
Yield 2018 0,32%
P/E ratio 2018 33,62
P/E ratio 2019 30,12
EV / Sales 2018 8,56x
EV / Sales 2019 6,50x
Capitalization 2 741 B
Chart TENCENT HOLDINGS LTD
Duration : Period :
Tencent Holdings Ltd Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TENCENT HOLDINGS LTD
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 46
Average target price 342  CNY
Spread / Average Target 19%
EPS Revisions
Managers
NameTitle
Hua Teng Ma Chairman & Chief Executive Officer
Chi Ping Lau President & Executive Director
Yu Xin Ren COO & President-Interactive Entertainment Group
Shek Hon Lo Chief Financial Officer & Senior Vice President
Chen Ye Xu Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
TENCENT HOLDINGS LTD6.04%405 169
NETFLIX33.33%155 809
NASPERS LIMITED9.14%94 863
SPOTIFY TECHNOLOGY SA30.85%26 849
IAC/INTERACTIVECORP20.20%18 375
IQIYI INC46.60%15 776