2024-08-15
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On August 14, Tencent released its second quarter financial report for 2024. Tencent's revenue in the second quarter was 161.12 billion yuan, a year-on-year increase of 8%; under non-International Financial Reporting Standards, the profit attributable to equity holders during the period was 57.3 billion yuan, a year-on-year increase of 53%.
By sector, the gaming and other value-added services sector had revenue of 78.8 billion yuan, up 6% year-on-year, and a year-on-year decrease of 0.9% in the first quarter. In the second quarter, the growth rate of gaming revenue stopped falling and turned positive, contributing nearly half of the revenue.
Ma Huateng, Chairman and CEO of the company, said that in the second quarter, the domestic market's game revenue resumed growth, and the international market's game revenue accelerated, thanks to the increased user participation of several evergreen games and the successful release of several new games. Nandu reporters noted that Dungeon Fighter: Origin (i.e. DNF Mobile) was frequently mentioned in financial reports and conference calls, and Tencent has high hopes for it to become the next evergreen game.
On August 14, Tencent released its second quarter financial report for 2024. Tencent's revenue in the second quarter was 161.12 billion yuan, a year-on-year increase of 8%; under non-International Financial Reporting Standards, the profit attributable to equity holders during the period was 57.3 billion yuan, a year-on-year increase of 53%.
By sector, the gaming and other value-added services sector had revenue of 78.8 billion yuan, up 6% year-on-year, and a year-on-year decrease of 0.9% in the first quarter. In the second quarter, the growth rate of gaming revenue stopped falling and turned positive, contributing nearly half of the revenue.
Ma Huateng, Chairman and CEO of the company, said that in the second quarter, the domestic market's game revenue resumed growth, and the international market's game revenue accelerated, thanks to the increased user participation of several evergreen games and the successful release of several new games. Nandu reporters noted that Dungeon Fighter: Origin (i.e. DNF Mobile) was frequently mentioned in financial reports and conference calls, and Tencent has high hopes for it to become the next evergreen game.