Tencent posted revenue of 135.5 billion yuan (US$20 billion) in Q1 this year, roughly the same as last year earlier. Under the IFRS, net profit reached 23.4 billion yuan, down 51 percent.
Revenue from Tencent’s online gaming business, traditionally a strong revenue source, remained largely unchanged at 43.6 billion yuan. Revenue from advertising was 18 billion yuan, down 18 percent. Revenue from fintech and business services, including cloud computing, rose 10 percent to 42.8 billion yuan.
In Q1, monthly active users of WeChat domestically and internationally reached 1.3 billion, up 3.8 percent. QQ mobile terminal monthly active accounts were 563 million, down 7 percent.
