Company Earnings Update 4 minutesRegister for Free AccessTencent (0700.HK) 1Q17 Results: Strong Beat Led by Strength in Gaming and Social Network Coresight Research May 18, 2017 Executive Summary Tencent reported 1Q17 revenues of ¥49.6 billion, up 54.9% year over year. Non-GAAP diluted EPS was ¥1.49, up 41.0% year over year. The solid results were largely driven by the gaming and social network segments. Value-added services (VAS) revenues, which accounted for 71% of total revenue, increased by 40.6% year over year, mainly driven by strong revenue growth in both PC games and smartphone games. Advertising revenues were up 46.5% year over year, thanks to strong growth from the mobile media platform, higher ad fill rates in WeChat’s Moments and a higher click-through rate in WeChat’s Official Accounts. Other revenue surged 244.3% year over year, driven by mobile payment and cloud services. Management reiterated mobile payment as a key element of Tencent’s ecosystem rather than as a profit center. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Weekly US and UK Store Openings and Closures Tracker 2024, Week 3: Greggs To Open 140 Stores in the UKUS Grocery—Retail 2024 Sector Outlook: Growth To Soften Amid Declining InflationInnovator Profile: dotkonnekt Revolutionizes Digital Commerce with Its AI-Powered Sangria PlatformShoptalk Europe 2023 Wrap-Up: Exploring the Role of Key Technologies and Channels in the Future of Retail—Autonomous Stores, Generative AI, Retail Media and More