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Tencent game revenue declines slightly year-on-year in Q1 2019

Tencent game revenue declines slightly year-on-year in Q1 2019

Tencent has withstood China’s nine-month-long licensing freeze from 2018 with just a one per cent year-on-year decline in online games revenue to 28.5 billion RMB ($4.1bn) in Q1 2019.

Despite that decline, cash receipts increased 10 per cent from Q1 2018.

Revenue for smartphone games fell two per cent year-on-year to 21.2bn RMB ($3.1bn), though this was up 11 per cent from the previous quarter.

Over on PC, sales declined two per cent year-on-year to 13.8bn RMB ($2bn), though were up 24 per cent quarter-on-quarter.

Overall company sales for Tencent increased by 16 per cent from the year prior to 85.4bn RMB ($12.7bn). Profit for the period was reported at 27.8bn RMB ($4.1bn), also an increase of 16 per cent.

PocketGamer.biz has the full story.


Senior Editor

Craig Chapple is Senior Editor of PocketGamer.biz and InfluencerUpdate.biz. He was previously Deputy Editor at Develop and Online Editor at Nintendo of Europe.

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