Tencent's revenues for Q4 2023 remained broadly stable quarter-on-quarter at RMB155.2 billion.
02
International Games revenues increased by 5% quarter-on-quarter to RMB13.9 billion, driven by PUBG Mobile and Clash of Clans.
03
Domestic Games revenues decreased by 18% quarter-on-quarter to RMB27.0 billion due to seasonally lower revenue accruals in Q4.
04
Online Advertising revenues increased by 16% to RMB29.8 billion, attributed to advertising platform upgrades benefiting Video Accounts, the mobile ad network, and Weixin Moments.
05
Social Networks revenues decreased by 5% to RMB28.2 billion due to lower revenue accruals from app-based game virtual item sales.
06
The Board comprises eight directors, including one executive director, two non-executive directors, and five independent non-executive directors, with Mr. Lau Chi Ping Martin ceasing to be an executive director after the 2023 AGM.
07
Tencent operates various share-based compensation plans, including share option and share award schemes, with the fair value of services recognized as an expense over the vesting period.
Insights
01
Tencent's revenues for Q4 2023 remained broadly stable quarter-on-quarter at RMB155.2 billion.
02
International Games revenues increased by 5% quarter-on-quarter to RMB13.9 billion, driven by PUBG Mobile and Clash of Clans.
03
Domestic Games revenues decreased by 18% quarter-on-quarter to RMB27.0 billion due to seasonally lower revenue accruals in Q4.
04
Online Advertising revenues increased by 16% to RMB29.8 billion, attributed to advertising platform upgrades benefiting Video Accounts, the mobile ad network, and Weixin Moments.
05
Social Networks revenues decreased by 5% to RMB28.2 billion due to lower revenue accruals from app-based game virtual item sales.
06
The Board comprises eight directors, including one executive director, two non-executive directors, and five independent non-executive directors, with Mr. Lau Chi Ping Martin ceasing to be an executive director after the 2023 AGM.
07
Tencent operates various share-based compensation plans, including share option and share award schemes, with the fair value of services recognized as an expense over the vesting period.