Chinese social media giant Tencent has reported Q3 group revenues of $9.81bn, an increase of 67%, and revealed it has more than 43 million subscribers to its Tencent Video unit. It is the first time subscriber numbers have been released, but the company did not offer up the unit's contribution to revenues or earnings. However, Tencent did announce net profits were up by 61% to $2.71bn and in a statement said it would "increase investment in video content, especially self-commissioned video content".
Chinese social media giant Tencent has reported Q3 group revenues of $9.81bn, an increase of 61%, and revealed it has more than 43 million subscribers to its Tencent Video unit. It is the first time subscriber numbers have been released, but the company did not offer up the unit's contribution to revenues or earnings. However, Tencent did announce net profits were up by 67% to $2.71bn and in a statement said it would "increase investment in video content, especially self-commissioned video content".