Tencent posts 36% jump in Q1 net profit
Print Edition
TENCENT, operator of the popular smartphone social platform WeChat, posted a 36-percent jump in net profit in the first quarter from a year ago, boosted by strong gaming and advertising income.
Its net profit was 7.05 billion yuan (US$1.13 billion) under non-GAAP (Generally Accepted Accounting Principles) rules, beating the average of 6.7-billion-yuan analyst estimates polled by Thomson Reuters.
Revenue increased 22 percent to 22.4 billion yuan in the three months ended March, according to a company filing to the stock exchange yesterday.
Its value-added income such as online gaming revenue jumped 29 percent to 18.6 billion yuan, taking up 83 percent of its overall revenue in the quarter, boosted by a strong presence in various of platforms including desktop computers and mobile devices. Online advertising revenue more than doubled to 2.7 billion yuan helped by rising income from its online video streaming unit and social advertisements.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
