Chinese internet and mobile game maker and League of Legend
developer Riot Games' parent company Tencent has reported its second billion-dollar quarter in a row.
For its fiscal third quarter ending September 30, the company -- which provides several internet services and online platforms, among them online games -- reported total revenues of 7.5 billion Chinese yuan (approximately $1.18 billion), an increase of 11.2 percent over its prior quarter
The bulk of the revenue came from its online games, which brought in 4.15 billion yuan ($654.4 million), around 55 percent of its total sales, itself a 14 percent increase from the prior quarter.
The company said these revenues reflected the growth of several of its online titles, including Cross Fire
, QQ Dancer
, Dungeon and Fighter
, QQ Game
and QQ Speed
, as well as the Chinese localized version of League of Legends
One milestone that the company noted in its results: its QQ Game
service -- which it describes as providing "mini casual games" -- saw a peak simultaneous online player number of 8 million during the period, an increase of 25 percent versus the same period one year ago.
Tencent is the video game revenue leader in China, one of the fastest-growing regions for video game sales. The company commanded 29.5 percent of the country's $1.35 billion Q2