Tencent Made Over RMB35Bn in Revenue for Q2 2016, up 52% YoY

Hong Kong, August 17, 2016 – Tencent Holdings Limited (“Tencent” or the “Company”, SEHK 00700), a leading provider of Internet value added services in China, announced the unaudited consolidated results for the second quarter (“2Q2016”) and the first half year of 2016 (“1H2016”) ended June 30, 2016.

Tencent

In the first half of 2016, Tencent made a total of RMB67,686 million (USD10,207 million ) in revenue, an increase of 48% over the first half year of 2015 (“YoY”).

For the second quarter of 2016, total revenues were RMB35,691 million (USD5,382 million), an increase of 52% over the second quarter of 2015 (“YoY”).  Online games revenues grew by 32% YoY to RMB17,124 million. The increase was primarily driven by contributions from our major PvP and RPG genre smart phone games, and to a lesser extent by several PC games.

1H2016 Key Highlights: 

  • Total revenues were RMB67,686 million (USD10,207 million ), an increase of 48% over the first half year of 2015 (“YoY”).
  • Operating profit was RMB27,727 million (USD4,181 million), an increase of 43% YoY. Operating margin decreased to 41% from 42% last year.
  • Profit for the period was RMB20,148 million (USD3,038 million), an increase of 41% YoY. Net margin decreased to 30% from 31% last year.
  • Profit attributable to equity holders of the Company for the period was RMB19,920 million (USD3,004 million), an increase of 40% YoY.
  • Basic earnings per share were RMB2.128. Diluted earnings per share were RMB2.102.
  • On a non-GAAP basis, excluding share-based compensation, net (gains)/losses from investee companies, amortization of intangible assets and impairment provision:

- Operating profit was RMB28,171 million (USD4,248 million), an increase of 43% YoY. Operating margin decreased to 42% from 43% last year.

- Profit for the period was RMB21,630 million (USD3,262 million), an increase of 41% YoY. Net margin decreased to 32% from 34% last year.

- Profit attributable to equity holders of the Company for the period was RMB21,351 million (USD3,220 million), an increase of 41%

- Basic earnings per share were RMB2.280. Diluted earnings per share were RMB2.253.

2Q2016 Key Highlights:

  • Total revenues were RMB35,691 million (USD5,382 million), an increase of 52% over the second quarter of 2015 (“YoY”).
  • Operating profit was RMB14,329 million (USD2,161 million), an increase of 43% YoY. Operating margin decreased to 40% from 43% last year.
  • Profit for the period was RMB10,880 million (USD1,641 million), an increase of 47% YoY. Net margin decreased to 30% from 32% last year.
  • Profit attributable to equity holders of the Company for the period was RMB10,737 million (USD1,619 million), an increase of 47% YoY.
  • Basic earnings per share were RMB1.146. Diluted earnings per share were RMB1.133.
  • On a non-GAAP basis, excluding share-based compensation, net (gains)/losses from investee companies, amortization of intangible assets and impairment provision:

- Operating profit was RMB14,687 million (USD2,215 million), an increase of 42% YoY. Operating margin decreased to 41% from 44% last year.

- Profit for the period was RMB11,496 million (USD1,734 million), an increase of 42% YoY. Net margin decreased to 32% from 35% last year.

- Profit attributable to equity holders of the Company for the period was RMB11,319 million (USD1,707 million), an increase of 42% YoY.

- Basic earnings per share were RMB1.208. Diluted earnings per share were RMB1.194.

 

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