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Tencent Holdings Q3 Online Game Revenue Rose 23.2%

Posted on: Thu, 12 Nov 2009 07:07:00 EST

Symbols: TCTZF

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SHENZHEN, Nov 12, 2009 (SinoCast Daily Business Beat via COMTEX) --
TCTZF | Quote | Chart | News | PowerRating -- Tencent Holdings Limited (SEHK: 0700) achieved consolidated revenues of CNY 3.3689 billion in the third quarter of 2009, up 66.4% year on year and 17% quarter on quarter, the leading Chinese provider of IM and Internet value-added services announced in its unaudited financial report today.

In detail, the company gained a revenue of CNY 2.6226 billion from Internet value-added services, increasing 87.3% from a year ago and 21.6% from a quarter ago; a revenue of CNY 446.2 million from mobile and telecommunications value-added services, hiking 19.8% year on year but reducing 5.1% quarter on quarter; and a revenue of CNY 293.6 million from online advertising, escalating 17.9% year on year and 20.8% quarter on quarter.

In particular, its online game revenue rose 23.2% from a quarter ago to CNY 1.5287 billion, driven by the revenue growth in its major games like Cross Fire, Dungeon and Fighter (DNF), QQ Dancer, and QQ Speed.

Source: news.ccidnet.com (November 12, 2009)

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