Key insights
7 slides
Top line
Tencent's Q4 2023 revenues remained broadly stable quarter-on-quarter.
Revenues for Q4 2023 were RMB155.2 billion.
Games segment
International Games revenues increased 5% quarter-on-quarter to RMB13.9 billion.
The increase was driven by PUBG Mobile and Clash of Clans.
Domestic games
Domestic Games revenues decreased 18% quarter-on-quarter to RMB27.0 billion.
The decline was due to seasonally lower revenue accruals in Q4.
Advertising
Online Advertising revenues increased 16% to RMB29.8 billion.
Advertising platform upgrades benefited Video Accounts, the mobile ad network, and Weixin Moments.
Social networks
Social Networks revenues decreased 5% to RMB28.2 billion.
The decrease was due to lower revenue accruals from app-based game virtual item sales.
Board composition
The Board comprises eight directors, including five independent non-executive directors.
Mr. Lau Chi Ping Martin ceased to be an executive director after the 2023 AGM. The board includes one executive director and two non-executive directors.
Compensation plans
Tencent operates share-based compensation plans with fair value recognized over vesting.
These include share option and share award schemes. The fair value of services is recognized as an expense over the vesting period.
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Summary
7 MANAGEMENT DISCUSSION AND ANALYSIS 85 CORPORATE GOVERNANCE REPORT 85 CORPORATE GOVERNANCE REPORT 119 INDEPENDENT AUDITOR'S REPORT 119 INDEPENDENT AUDITOR’S REPORT 128 CONSOLIDATED INCOME STATEMENT 128 CONSOLIDATED INCOME STATEMENT 129 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 130 CONSOLIDATED STATEMENT OF FINANCIAL POSITION 133 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 137 CONSOLIDATED STATEMENT OF CASH FLOWS 139 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 1...
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