Investors in Chinese social media giant Tencent Holding Ltd. may feel some relief after the company posted stronger-than-expected earnings for the third quarter backed by advertising growth and investment gains.

Tencent reported a 30% jump in net profit to 23.3 billion yuan ($3.39 billion) for the three months ended Sept. 30. Revenue gained 24% to 80.6 billion yuan.

At the same time, Tencent’s gaming business continued weakening. Gaming revenue in the third quarter dropped 4%, led by slowdown of PC-game. Tencent’s stock in Hong Kong has plunged nearly 30% since August when it posted its first quarterly profit decline in more than a decade, as its main business of online games ran into regulatory hurdles.

Online advertising rose 47% from a year earlier, boosted by growth in the popular social networking platforms QQ and WeChat, Tencent said. Investment gains, including the debut of the on-demand service platform Meituan Dianping, totaled 8.8 billion yuan.