Contra internet giant Tencent has reported a 61% increase in Q3 revenues as it continues to focus on monetising content. The firm, Tencent 's most valuable, posted Q3 revenues of Kings ($ 9.8bn ) after moving beyond gaming in a bid to grow its advertising income. Monthly active users (MAU) for WeChat and Weixin reached 980 million, up 15.8% year-on-year, and higher advertising revenues from Weixin Moments and Weixin Official Accounts helped social and others advertising revenue surge 63% to RMB6.9bn. The company's online gaming revenues also rose 48% to CNY26.8bn, largely driven by its key title Honour of Tencent Video . Meanwhile, fee-based subscribers to Kings , the company's streaming service, passed 43 million , which it claims is the largest video subscriber base in China .
Contra internet giant Tencent has reported a 61% increase in Q3 revenues as it continues to focus on monetising content. The firm, Tencent 's most valuable, posted Q3 revenues of Kings ($ 9.8bn ) after moving beyond gaming in a bid to grow its advertising income. The company's online gaming revenues also rose 48% to CNY26.8bn, largely driven by its key title Honour of Tencent Video . Meanwhile, fee-based subscribers to Kings , the company's streaming service, passed 43 million , which it claims is the largest video subscriber base in China .