Tencent first-quarter revenue totalled 13.55 billion yuan (US$ 2.08 billion), an increase of 40.4%

By | May 15, 2013

tencent qq quarter financial results

On May 15, China’s leading Internet service provider – Tencent Holdings Limited (“Tencent”, HKSE stock code: 00700) today announced its unaudited first quarter consolidated financial results ended March 31, 2013.

Summary of results for the first quarter of 2013:

Total revenue reached 13,547,600,000 yuan ($ 2,161,100,000), an increase of 11.5% compared with the previous quarter, an increase of 40.4% over the same period last year.

Value-added services revenue reached 10,666,100,000 yuan ($ 1,701,400,000), an increase of 13.6% compared with the previous quarter, an increase of 28.6% over the same period last year.

Online advertising business income reached 849.5 million yuan ($ 135.5 million), a decrease of 10.3% compared with the previous quarter, an increase of 57.3% over the same period last year.

E-commerce transactions revenue reached 1.9133 billion yuan ($ 305.2 million), an increase of 13.6% compared with the previous quarter, an increase of 154.2% over the same period last year.

Gross profit for the first quarter was 7.5938 billion yuan ($ 1,211,300,000), an increase of 10.4% compared with the previous quarter, an increase of 30.7% over the same period last year; gross margin fell to 56.1% from 56.6% in the previous quarter.

Operating profit for the first quarter was 5.0625 billion yuan ($ 807.6 million), an increase of 35.9% compared with the previous quarter, an increase of 37.1% over the same period last year; operating margin rose to 37.4% from 30.7% in the previous quarter.

Non-GAAP operating profit for the first quarter was 5.0609 billion yuan ($ 807.3 million), an increase of 17.1% compared with the previous quarter, an increase of 24.4% over the same period last year; non-GAAP operating margin rose to 37.4% from 35.5% in the previous quarter .

Net profit for the first quarter was 4.0711 billion yuan ($ 649.4 million), an increase of 17.3% compared with the previous quarter, an increase of 37.4% over the same period last year; net profit margin rose to 30.1% from 28.6% in the previous quarter.

Non-GAAP earnings for the first quarter was 4.0893 billion yuan ($ 652.3 million), unchanged from the previous quarter, an increase of 23.5% over the same period last year; non-GAAP net profit margin fell to 30.2% from 33.7% in the previous quarter.

To equity holders for the first quarter was 4.0438 billion yuan ($ 645.1 million), an increase of 16.8% compared with the previous quarter, an increase of 37.1% over the same period last year.

Earnings attributable to equity holders of the Company in form of non-GAAP for the first quarter was 4.0377 billion yuan ($ 644.1 million), a decrease of 0.7% compared with the previous quarter, an increase of 23.1% over the same period last year.

Basic earnings per share for the first quarter was 2.204 yuan, diluted earnings per share of 2.166 yuan.

The main platforms performance:

– Instant messaging services – the number of active accounts reached 825.4 million, an increase of 3.4% compared with the previous quarter, an increase of 9.8% over the same period last year.

– Instant messaging service – simultaneous online user accounts reached 173 million, a decrease of 1.9% compared with the previous quarter, an increase of 3.3% over the same period last year.

– “Micro-letters / WeChat – integrated number of active accounts reached 194.4 million, an increase of 23.1% compared with the previous quarter, an increase of 228.4% over the same period last year.

– “QQ space” – the number of active accounts reached 611 million, an increase of 1.4% compared with the previous quarter, an increase of 5.9% over the same period last year.

– QQ game platform – maximum number of simultaneous online user accounts for 920 million, an increase of 4.5% compared with the previous quarter, an increase of 4.5% over the same period last year.

– Value-added services – registered paid accounts for 104.6 million, flat with the previous quarter, a decrease of 10.1% from the same period last year.

Source: qq.com (Tencent)

Category: IT

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