Company Earnings Update 3 minutesRegister for Free AccessTencent (0700.HK) 1Q18 Results: Strong Revenue Growth Driven by Gaming; WeChat MAU Surpass 1 Billion Coresight Research May 21, 2018 Executive Summary Tencent reported 1Q18 revenues of ¥73.5 billion ($11.7 billion), up 48% year over year. Non-GAAP diluted EPS was ¥1.92, an increase of 28.2% year over year. The solid results were largely driven by gaming and online advertising. Value-added services (VAS) revenues, which accounted for over 60% of total revenues, increased by 33.5% year over year. The increase was mainly driven by strong growth from smartphone games. Online advertising revenues were up 55% year over year to ¥10.7 billion, thanks to an expanded advertiser base boosting advertising fill rates in Weixin Moments and higher cost per click for the mobile advertising network. 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: Innovator Profile: Two Boxes Enables Efficient, Intelligent and Environmentally Friendly Returns ManagementWeekly US and UK Store Openings and Closures Tracker 2024, Week 18: J Sainsbury Closing 25 Argos Stores in the UK This YearDeclines in Financial Security Represent a Trend To Watch: US Consumer Survey InsightsShoptalk Europe 2023 Day One: Identifying Real Value in Sustainability, Generative AI and Data
