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Quarterly profit of Chinese Tencent unexpectedly declined

16.08.2018 09:00:26

Net income of Chinese Internet giant Tencent Holdings in the second quarter fell to 17 billion 870 million yuan from 18 billion 230 million yuan a year earlier. Analysts had expected the growth of the indicator to 18 billion 600 million yuan. Quarterly revenue was 73 billion 680 million yuan, increased by 30%, while the experts had predicted it at the level of 78 billion yuan. The number of daily active users increased by 10%. At the same time, the revenue per user did not change. The company increased its revenue from the sale of games for smartphones by 19%, advertising revenue - by 39%. However, the revenue from games for desktop personal computers decreased by 5%.

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