informa
News

Tencent's mobile game revenue tops PC for first time ever

Tencent saw profits and revenue rise during the second quarter of this financial year. That's thanks, in part, to the performance of its PC and smartphone games.

Tencent saw profits and revenue rise during the second quarter of this financial year. That's thanks, in part, to the performance of its PC and smartphone games. 

Overall revenue rose by 59 percent to $8.36 billion during the second quarter, while profit increased by 70 percent to $2.69 billion.

Looking specifically at the Chinese juggernaut's games business, its PC client line-up managed to pull in roughly $2 billion in revenue -- a year-over-year increase of 29 percent. 

Over on smartphones, the company's mobile titles raked in $2.21 billion, which is 54 percent more than last year. 

What's particularly notable about those figures is that it's the first time Tencent's smartphone games have pulled in more revenue than it's PC client offerings. 

The firm says that growth was driven by existing titles in the MOBA genre such as Honor of Kings, and new releases like Contra Return and Dragon Nest Mobile.

“During the second quarter of 2017, we delivered strong revenue growth from multiple businesses, which enabled us to reinvest in innovations and new technologies in an increasingly competitive industry," said Tencent chairman and CEO, Mr. Ma Huateng.

"While our games business continued to grow, we have stepped up our effort to ensure users play games in a healthy manner."

This second quarter performance takes Tencent's total revenues for the half-year to $15.67 billion, an increase of 57 percent year-over-year. Profits rose by 64 percent to $4.82 billion over those same six months.

Latest Jobs

Sucker Punch Productions

Bellevue, Washington
08.27.21
Combat Designer

Xbox Graphics

Redmond, Washington
08.27.21
Senior Software Engineer: GPU Compilers

Insomniac Games

Burbank, California
08.27.21
Systems Designer

Deep Silver Volition

Champaign, Illinois
08.27.21
Senior Environment Artist
More Jobs   

CONNECT WITH US

Register for a
Subscribe to
Follow us

Game Developer Account

Game Developer Newsletter

@gamedevdotcom

Register for a

Game Developer Account

Gain full access to resources (events, white paper, webinars, reports, etc)
Single sign-on to all Informa products

Register
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more