Asia's second-most valuable listed company said net profit for the quarter was 23.29 billion yuan (Dh13.44bn), against an average estimate of 17.5bn yuan from 11 analysts polled by Thomson Reuters. That represented a 61 percent year-on-year rise.
Margin improvement: Operating margin was 39%, up 42% on the year and 8% on the quarter. Smartphone games revenues alone were up 68 percent year-on-year to 21.7 billion yuan, thanks to titles such as "Honour of Kings".
Tencent has several different businesses including gaming and advertising, and owns WeChat, the largest messaging app in China.
"We expect Tencent to consolidate both the PC and mobile games markets", Alex Yao, a Hong Kong-based analyst at JPMorgan Chase & Co., said in a report. Meanwhile, Tencent's overall online advertising business achieved 55 per cent year-on-year growth in revenues.
In the video content sector, Tencent poured a total of $1.1 billion into two rivals in a 24-hour period, investing US$632 million and US$461.6 million respectively in Chinese game-streaming platforms Douyu and Huya in March.
Tencent is banking next on the latest global phenomenon-"battle royale" games, in which a large group of players shoot each other until only one remains standing. It's a tournament-style game that is popular in e-sports, which is competitive video gaming. It has developed a mobile version of the former that is available globally, while it owns almost half of Epic Games, the developer of Fortnite.
The game has gone viral and has over 40 million monthly active users across PC and consoles. (Fortnite is due to launch in China imminently).
Tencent shares have been under pressure and are down around 17 percent from the record high seen in January.
Tencent's other earnings drivers included its video subscription service, which is similar to Netflix. Company president Martin Lau Chi-ping had warned in March during its 2017 earnings call that this year Tencent would aggressively step up its investments in long- and short-form video content, digital payments, cloud services, artificial intelligence and smart retail, even though it could harm the company's profitability in the short term. WeChat had 1.04 billion monthly active users while the mobile version of QQ - the older of its two social networks - saw users drop 6.4 percent to 805.5 million at the end of the quarter.
Yahoo writer Daniel Roberts was also on the flight and described a similar scene as well as the reaction from fellow passengers. The passenger, who remained anonymous, was reportedly running around inside the flight about 20 minutes before landing.
Pre-orders sold out in advance of the launch and those hoping to buy one in-store were met with long lines and empty shelves . The Nintendo retro console, along with the SNES Classic Edition, will be available until the end of 2018.
The gesture was a tribute to his mother, Gretchen Piscotty, who passed away on May 6 after battling ALS for almost one year. Athletics: To make room on the roster for Piscotty, Oakland optioned RHP Kendall Graveman to Triple-A Nashville.
FanDuel , founded in Edinburgh , is backed by the likes of Kohlberg Kravis Roberts, Google Capital and NBC Sports Ventures. Deutsche Bank restated a "buy" rating on shares of Paddy Power Betfair in a research report on Friday, March 9th.
He adds that the Swiss is expected to call an emergency Fifa Council meeting in early June in a bid to get the green light. That would include Liverpool , Manchester United , Real Madrid , Barcelona, AC Milan , Bayern Munich, Ajax and Inter Milan.
Tyler Ross played Columbus, Kirk Ward played Tallahassee, Maiara Walsh played Wichita and Izabela Vidovic played Little Rock. The writer added that the hope is to start filming sometime early next year, with an October 2019 release date in mind.
Current NXT Women's Champion Shayna BaszlerWhat's the story? After all, we were all expecting Ronda Rousey vs Mickie James. This will be Rousey's first time performing in the United Kingdom as a WWE Superstar.
Wagner, like Mango and Ellsworth, going all across the Commonwealth Monday, not taking any vote for granted. Tom Wolf in the November election, according to the Associated Press.
A2 Milk's share price crashes, pulls down entire market
A2 Milk believes that the A2 beta-casein protein milk is better for people, particularly those who have trouble digesting milk. The stock dropped 20 percent to a three-month low shortly after the market opened, before recovering slightly to NZ$11.48.
Iran, Venezuela weighing on oil market: IEA
US West Texas Intermediate (WTI) crude futures were at $71.02 a barrel, down 29 cents, or 0.4 percent, from their last settlement. West Texas Intermediate , the USA marker, is $3.21 a barrel below Middle East benchmark Dubai.
Resumes stacking up for much-coveted NY Attorney General job
It's up to the state Legislature, however, to pick someone to fill out Schneiderman's term, which expires at the end of the year. Barclay is one of two Republicans on the panel, which is controlled by Democrats because they hold the majority in the Assembly.
AirFly lets you pair your AirPods with nearly anything
Twelve South has made a name for itself by designing pretty and practical products that perfectly complement our Apple devices. AirFly retails for $39.99 United States dollars and is available from Amazon .com and Twelve South's website .
Massive dust storm hits Delhi, heavy rain predicted across India
New Delhi woke up to strong winds accompanied by dust Wednesday, May 16, and the weather is likely to remain the same for a while. Subsequently on May 9, several parts of Uttar Pradesh were struck by a severe storm that left 18 dead and 27 others injured.
Premier League transfer window to open next week
It was over eight months ago that the Premier League voted to make changes to the Summer Transfer Window. This year's summer transfer window opens Thursday, May 17 , which is in a couple of days time.
Volvo S60 won't offer a diesel engine
Instead, they will be available as either a mild petrol hybrid, plug-in petrol hybrid or battery electric vehicle. Samuelsson told the FT: "We're not saying diesel is more dirty, but it's more complicated and more expensive".