A - Operating profit was RMB73,204 million (USD10,340 million), an increase of 31% YoY. We released an immersive team-based action game for PC, Valorant; a card game supporting cross-platform play on PC and smart phones, Legends of Runeterra; and a licensed mobile RPG, CODE:D Blood. This relates to advertising on Tencent Video, the company's streaming service. Sequentially, our online advertising revenue grew at a slower-than-seasonal rate as the games and Internet services sectors, which had ramped up advertising aggressively during the first quarter of 2020 due to work-from-home behavior, reduced their spending to more normal levels.

The company is a leader in messaging, payment services and gaming. During the quarter, merchant demand for our payment solutions stepped up, especially from categories such as retail and restaurants. 2020.05.13. Results Highlights. X. Controlled by Chinese tech giant Tencent Holdings Ltd (For the quarter ended June 30, TME said paid users of its online music service rose 52% to 47.1 million, the fastest quarter on record according to TME. China's Tencent Music Entertainment Group beat Wall Street estimates for quarterly revenue on Monday, as the music streaming service added …

View All. Tencent's massive gaming division likely boosted the company's first-quarter results as people in China turned to smartphone-based entertainment while locked down at … The company has signed multiple partnerships with international and domestic music labels to expand its premium user base. For more information about the Cookies we use and your options (including how to change your preferences), see our cookies policy All Rights Reserved. Announcements & Financial Reports. To engage the expanding fan base for Anime, Comics, Games and Novels ("ACGN") content, we offered customisable comic stickers within QQ chats, and enriched content for ACGN-related Mini Programs, which gained popularity among young users.Internationally, our MAU increased significantly year-on-year and quarter-on-quarter due to new game launches and more user time spent during the stay-at-home period. We believe the Weixin ecosystem is redefining As for media advertising, revenue declined sharply year-on-year due to weak demand from brand advertisers and the delayed production and release of certain variety shows and drama series, some of which we expect to release in the second half of 2020.Our commercial payment and wealth management businesses grew their users and business scale, driving FinTech revenue up year-on-year and quarter-on-quarter. In addition, these non-IFRS financial measures may be defined differently from similar terms used by other companies.The Company's management believes that the non-IFRS financial measures provide investors with useful supplementary information to assess the performance of the Group's core operations by excluding certain non-cash items and certain impact of M&A transactions. That was faster growth than seen in the first quarter of 2020. Here are some highlights for our key products and business lines:For Weixin, we released update to enhance functionalities for communication, content and services. For content, it upgraded … 868919Share of (loss)/profit of associates and joint venturesShare of other comprehensive income/(loss) of associates and joint venturesTransfer of share of other comprehensive income to profit or loss upon Net gains from changes in fair value of financial assets at fair value through (a)  EBITDA is calculated as operating profit minus interest income and other gains/losses, net, and adding back depreciation of property, plant and (b)  Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by revenues. 1. MAUs and daily messages sent both increased year-on-year.
On technology and infrastructure, we are adopting custom-made equipment, as well as building and expanding our own hyperscale data centres to enhance the performance and optimise the cost of our cloud services for the long run.Our communication and social platforms, Weixin and QQ, connect users with each other and with digital content and services, both online and offline, making their lives more convenient.

Tencent Music Entertainment reported first-quarter results Monday that came in just above Wall Street estimates, as the stock fell during after-hours trading.. X. Announcements. Tencent reported second-quarter earnings on Wednesday that beat market expectations but missed on revenue. Due to the lingering impact from COVID-19, offline project deployment has not fully resumed in the second quarter, but we signed major contracts in the financial and public sectors, while expanding our presence in emerging verticals such as medical, education, and meetings and exhibitions, to help customers in their digital transformation.
He added that he doesn't believe that U.S. companies advertising on Tencent platforms in China will be impacted as the executive order covers only the U.S. jurisdiction.Got a confidential news tip? Users can initiate online parties and play AI-empowered social games together with their friends in video chats. China internet giant Tencent Holdings reported fourth-quarter results Wednesday that beat on revenue and adjusted earnings but fell below estimates on net income.Tencent stock fell. On Monday, it also extended its multi-year licensing agreement with music company Universal Music Group (UMG), home to Taylor Swift and The Beatles, while also announcing a new joint venture music label. Tencent Holdings reports quarterly results before the market open Thursday. For communication, the new Tickle function has enabled many creative expressions, and the addition of live broadcast function to Weixin school-plus-home groups facilitated online education within Weixin. Net income attributable to shareholders rose 1.3% to 939 million yuan ($135 million) from 927 million yuan a year earlier. Analysts at China Merchants Securities expect Tencent to pull in 41.6 billion yuan in online game revenue. Operating margin increased to 33% from 32% last year.

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