Tencent gaming revenue grows 45% as advertising shows mixed performance

Rob Clapp

An overview of growth in Tencent's revenue in 2020.

Tencent gaming revenue has accelerated its growth rate this year as income from advertising shows weaker performance, according to the latest company reports.

Revenue from online games rose 44.8% in the third quarter of 2020, the quickest growth since 2017 and topping ¥40bn for the first time (¥41.4bn). Social network revenue, helped by the game-streaming platform Huya, also rose 28.9%.

Advertising revenue, however, shows a mixed performance. Social advertising grew 20.6% in Q3, to ¥17.8bn, a rate of increase more than half of what was seen in the first three months of the year (+47.4%).

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