Shulou(Shulou.com)11/24 Report--

Thank CTOnews.com net friend South China Wu Yanzu, aviation gentleman's clue delivery! CTOnews.com May 17 news, Tencent Holdings today released the first quarter of 2023 financial results. Tencent's first-quarter revenue was 150 billion yuan, up 11% year-on-year, according to the financial report, with market estimates of 146.29 billion yuan; adjusted net profit for the first quarter was 32.5 billion yuan, up 27% year-on-year, estimated at 33.22 billion yuan.

Financial results show that Tencent's online advertising revenue in the first quarter was 21 billion yuan, up 17% year-on-year. Financial technology and enterprise service revenue was 48.7 billion yuan, up 14% year-on-year. Value-added service revenue was 79.337 billion yuan, up 9% year-on-year. Among them, the game revenue in the international market was 13.2 billion yuan, with a year-on-year growth of 25%; the game revenue in the local market was 35.1 billion yuan, with a year-on-year growth of 6%; and the revenue from Social networks was 31 billion yuan, with a year-on-year growth of 6%.

According to the financial report, the monthly activity of WeChat and WeChat in the first quarter of 2023 was 1.319 billion yuan, up 2% year-on-year. In the first quarter of 2023, QQ Mobile device monthly activity was 597 million yuan, with a year-on-year growth of 6%.

The financial report shows that Tencent paid 226 million members for value-added services in the first quarter of 2023, down 5% year-on-year.

The WeChat video creator ecosystem has become increasingly active, according to financial reports: the number of daily active creators and daily video uploads is more than twice that of the same period last year, and the number of creators with more than 10000 fans is more than three times that of the same period last year.

CTOnews.com notes that Tencent had 106,221 employees as of March 31, 2023 (116,213 as of March 31, 2022 and 108,436 as of December 31, 2022). According to this calculation, Tencent's employees decreased by more than 2200 in the first quarter and nearly 10,000 in the past year.

Financial results show that in the first quarter of 2023 Tencent minors game time and flow accounted for only 0.4% of the total game time and 0.7% of the total flow in its home market, down 96% and 90% respectively from the same period three years ago.

Ma Huateng, Chairman of the Board and Chief Executive Officer, said: "In the first quarter of 2023, our payments business helped to revive domestic consumption, which benefited from the payment amount, improved game business revenue and maintained rapid growth in advertising business revenue, driving solid overall revenue growth. Non-IFRS net profit achieved a higher growth rate on the basis of the low base of the same period last year, reflecting the improvement of revenue structure and the improvement of operating efficiency. We are investing heavily in building AI capabilities and cloud infrastructure to embrace the opportunities presented by the underlying model, believing that AI will be a multiplier for our business growth, enabling us to better serve our users, customers and society at large. "

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