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Tencent Reports 31% Increase in Online Games Revenues, Ends Q1 2020 on $4.15B Profit


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Author: Tobias Seck

Tencent reported its Q1 2020 financial results, with total revenues for the period up 26% to ¥108.1B RMB ($15.2B USD) from ¥85.5B ($12.1B) in the same period of 2019. In total, Tencent generated a net profit of ¥29.4B ($4.15B), up 6% compared to the same period last year.  As game playing time and in-game consumption […]


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Author: Tobias Seck

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