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Revenue for the quarter ending June rose to 23.43 billion yuan
($3.67 billion), Tencent said in it earnings statement on
Wednesday, compared to the 24.12 billion yuan forecast made in a
Thomson Reuters Smartestimate poll of 11 analysts.
Revenue at the gaming unit grew 17 percent year-on-year in the
quarter, a slowdown from the previous quarter's 29 percent
growth, Tencent said.
Revenue from smartphone games, a priority for the company as the
popularity of PC games declines, appeared to be hardest hit,
growing at just 11 percent year-on-year compared to 82 percent
year-over-year in the previous three months.
Bolstering Tencent's overall revenue was its online advertising
unit, which the company said nearly doubled its quarterly
revenue to 4 billion yuan.
Tencent, which operates China's most popular messaging app
WeChat, has recently ramped up online ads, following the lead of
U.S. social media peer Facebook Inc. Global monthly users of
WeChat exceeded 600 million at end-June, the company said.
Tencent's net income rose 25 percent to 7.31 billion yuan, in
line with analyst expectations of 7.32 billion yuan.
(Reporting by Gerry Shih; Editing by Miral Fahmy)
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