Company Earnings UpdateTencent (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? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Positive Sentiment Trend Comes to an End; Kohl’s Leads in Department Store Shopping: US Consumer Survey InsightsConsumer Sentiment Stabilizes Following Trade Talks and Rate Cut: US Consumer Survey InsightsThe Future of AI, Supply Chains and Sustainability: Insights from CES 20253Q24 US Retail Inventory Insights: Apparel, Off-Price and Warehouse Club Retailers Expand Inventories for the Holidays
