PUBG Cellular and Name of Obligation: Cellular helped drive Tencent’s gaming enterprise this previous quarter, and in flip the gaming enterprise helped drive the Chinese language tech conglomerate to year-over-year positive aspects.
Tencent immediately reported outcomes for the three months ended September 30, 2019, and the 2 cellular shooter video games have been significantly large abroad.
“Internationally, PUBG Cellular doubled its MAU [monthly active users] year-on-year, and we co-developed the Name of Obligation Cellular sport with Activision Blizzard, which exceeded 100 million downloads inside a month of launch, making it one of many greatest ever smartphone sport launches,” the corporate mentioned.
Smartphone sport revenues have been up 25% year-over-year and 9% quarter-over-quarter to RMB 24.Three billion ($3.46 billion). That helped offset declines of seven% year-over-year and a couple of% quarter-over-quarter from the PC shopper video games house, which ended the quarter with RMB 11.5 billion ($1.64 billion) in revenues. The PC drop was attributed primarily to the struggles of Dungeon & Fighter, which Tencent publishes in China. Nexon, which publishes the sport elsewhere, additionally cited Dungeon & Fighter declines in its quarterly report final week. Each corporations pointed to the sport’s latest 11th anniversary content material replace as the basis of the issue.
Tencent listed smartphone video games as one of many key elements driving general progress through the quarter, with company-wide revenues up 21% year-over-year to RMB 97.24 billion ($13.84 billion). Earnings have been up 23% year-over-year to RMB 25.09 billion ($3.57 billion).
In saying the outcomes, Tencent chairman and CEO Ma Huateng additionally unveiled a brand new company mission for the corporate.
“Because the founding of Tencent, we now have at all times sought to offer one of the best merchandise and finest experiences to our customers,” he mentioned. “Now, because the Web turns into extra pervasive in on a regular basis life, we imagine it is very important explicitly state our values and motivations, so our colleagues, companions, and customers perceive the requirements to which we aspire. Consequently, we now have simply introduced our new company mission: ‘Worth for Customers, Tech for Good.’ We imagine these should not new ideas however moderately a reiteration of what we now have at all times believed and the way we now have at all times sought to behave.”