Games and Advertising Lift Tencent to Record First Quarter Profit

Read on: Variety.

Strong revenue from games and advertising lifted revenue and profit margins at Chinese social media giant Tencent. Net profits increased 65% year-on-year to reach $3.82 billion on revenues of $11.7 billion in the three months to end of March. Value added services businesses expanded their revenues by 34%, games by 26% and advertising by 55%, […]