Chinese internet giant Tencent has reported a 61% increase in Q3 revenues as it continues to focus on monetising content. The company said that revenue from its online games and services grew by more than 50% year-on-year during the third quarter, with total sales of $23.5bn (£17.8bn) up 13% The company's online gaming revenues also rose 48% to CNY26.8bn, largely driven by its key title Honour of Kings. Gaming and entertainment continue to line Tencent’s pocket, with the internet giant posting third-quarter revenues of RMB65.2 billion (US$9.83 billion) a 61% increase year-on-year. Meanwhile, fee-based subscribers to Tencent Video, the company's streaming service, passed 43 million, which it claims is the largest video subscriber base in China.
Chinese internet giant Tencent has reported a 61% increase in Q3 revenues as it continues to focus on monetising content. The company said that revenue from its online games and services grew by more than 50% year-on-year during the third quarter, with total sales of $23.5bn (£17.8bn) up 13% The company's online gaming revenues also rose 48% to CNY26.8bn, largely driven by its key title Honour of Kings. Meanwhile, fee-based subscribers to Tencent Video, the company's streaming service, passed 43 million, which it claims is the largest video subscriber base in China.