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Tencent revenues increased by 13% to RMB142.4 billion for the third quarter of 2021 on a year-on-year basis.

Tiger Newspress2021-11-10

Tencent revenues increased by 13% to RMB142.4 billion for the third quarter of 2021 on a year-on-year basis.

– Revenues from VAS2 increased by 8% to RMB75.2 billion for the third quarter of 2021 on a year-on-year basis. Domestic Games revenues grew by 5% to RMB33.6 billion, driven by games including Honour of Kings, Call of Duty Mobile, and Moonlight Blade Mobile. International Games revenues grew by 20% to RMB11.3 billion, or 28% in constant currency terms, due to robust performance of games including Valorant and Clash of Clans. Social Networks revenues grew by 7% to RMB30.3 billion, driven by relatively rapid growth from video and music subscription services, as well as moderate growth from live streaming and in-game item sales.

– Revenues from Online Advertising increased by 5% to RMB22.5 billion for the third quarter of 2021 on a year-on-year basis, reflecting resilience of advertiser categories such as consumer staples and Internet services, as well as consolidation of Bitauto’s advertising revenue, which was largely offset by weakness in categories including education, insurance and games. Social and Others Advertising revenues grew by 7% to RMB19.0 billion, driven by advertising revenue growth from Weixin Mini Programs and Weixin Official Accounts. Media Advertising revenues decreased by 4% to RMB3.5 billion, primarily due to lower advertising revenues from Tencent News app.

– Revenues from FinTech and Business Services increased by 30% to RMB43.3 billion for the third quarter of 2021 on a year-on-year basis. FinTech Services revenue growth primarily reflected increasing commercial payment volume. Business Services revenues increased healthily year-on-year, due to factors including increased digitalisation of traditional industries and videolisation of the Internet industry, as well as consolidation of Bitauto’s Business Services revenue.

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评论24

  • MARYGOH
    ·2021-11-11
    Good potential stock
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  • TK360
    ·2021-11-10
    Nice 
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  • MHh
    ·2021-11-10
    Oh.. no wonder share price rose today!
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  • LeungLeung
    ·2021-11-10
    Still solid 
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  • YLFoo
    ·2021-11-10
    Geng
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  • GY88
    ·2021-11-10
    Huat ar
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  • derekpang
    ·2021-11-10
    Still a solid performance 
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  • SanWangtikup
    ·2021-11-10
    [Smile] 
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  • KYHBKO
    ·2021-11-10
    the company has great potential. once China has addressed the various concerns with the technology companies, we can expect their stocks to go much higher. 
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  • Dazz
    ·2021-11-10
    Share price is still way below the ATH. Unless there is any clear indication from the Chinese government, the share price will remain low..
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  • Jialatsia
    ·2021-11-10
    Meep
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  • JustinOh
    ·2021-11-10
    All in
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  • cynn
    ·2021-11-10
    Great
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  • koolgal
    ·2021-11-10
    Tencent is a phenomenal conglomerate par excellence and a money making machine.  Buy Tencent and you will never regret! Go Tencent! 🚀🚀🚀🌙🌙🌙
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    收起
    • koolgal
      Thanks for sharing
      2021-11-11
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    • 56a3dd2f
      Agree, I'm vested 😊👍
      2021-11-11
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  • MLLC
    ·2021-11-10
    Please like
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    收起
    • StLiaS
      done
      2021-11-10
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  • HarryLim
    ·2021-11-10
    Good
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  • GANCL
    ·2021-11-10
    For long term investment 
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    收起
    • DJBoy
      Easily $800/share
      2021-11-10
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  • rayoflite
    ·2021-11-10
    Huat ah
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    收起
    • Tamashii
      hoseh!
      2021-11-10
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  • tham
    ·2021-11-10
    Huat le
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    收起
  • newbiee
    ·2021-11-10
    O
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