Tencent's international reach spurs continued growth in Q4
Chinese gaming giant saw profits up again last quarter and for all of 2019
Tencent reported continued growth in its Q4 and full-year financial results today, attributed in part to its continued international partnerships and reach.
For Q4 2019, Tencent brought in total revenue of RMB 106 billion ($15.2 billion), up 25% year-over-year, and operating profit of RMB 30.3 billion ($4.34 billion), up 35% year-over-year.
The company's online games revenue rose 20% year-over-year to RMB 52.3 billion ($7.42 billion), driven by revenue growth from mobile games including Peacekeeper Elite and PUBG Mobile and contribution from Supercell titles -- which it owns a majority stake in. It was offset somewhat by lower revenue from PC client games such as Dungeon and Fighter.
Tencent's report noted its continued focus on external and overseas partnerships, with its international games revenues having more than doubled year-over-year, and consisting of 23% of all online games revenues during Q4.
For the full year, Tencent's total profit was RMB 377 billion ($54.1 billion), up 21% year-over-year and its operating profit RMB 115 billion ($16.4 million), up 24% year-over-year.