Tencent's Q3 revenue in 2023 will be 154.6 billion yuan, a year-on-year increase of 10%, and WeChat monthly activity will increase by 2%

According to news from this site on November 15, Tencent Holdings today released its financial report for the third quarter of 2023 as of September 30: Revenue was 154.6 billion yuan, a year-on-year increase of 10%.

Tencent Holdings achieved a net profit of 36.182 billion yuan in the third quarter, a decrease of 9% compared with the same period last year, and an increase of 38% compared with the previous quarter

Value-added services Business revenue is 75.7 billion yuan, estimated at 77.9 billion yuan, a year-on-year increase of 4%; of which international market game revenue is 13.3 billion, a year-on-year increase of 14%; local game revenue is 32.7 billion yuan, a year-on-year increase of 5%; social network Revenue was RMB 29.7 billion, remaining broadly stable.

Financial technology and enterprise services business revenue was 52 billion yuan, expected to reach 50.71 billion yuan

The following is the main performance table of this site:

• On WeChat, the total playback volume of video accounts increased by more than 50% year-on-year, and the playback volume of original content grew strongly, currently accounting for the vast majority of the total playback volume of video accounts. The combined number of monthly active accounts of WeChat and WeChat was 1.336 billion, a year-on-year increase of 2%.

• On the QQ side, Tencent is increasing the functionality of QQ channels, using software tools such as voice chat and activity management to support the creation of interest communities among users with common hobbies, activities or memberships. The number of monthly active users of QQ mobile terminals was 558 million, a year-on-year decrease of 3%

• The number of video paying members decreased by 3% year-on-year and increased by 1% month-on-month to 117 million.

• The number of paid music members increased 21% year-on-year to 103 million, while ARPU increased 17% year-on-year.

• WeChat’s pan-internal circulation advertising revenue increased by more than 30% compared with the same period last year, and contributed to more than half of WeChat’s advertising revenue. The pan-internal loop ads here refer to ads that use WeChat mini programs, video accounts, public accounts and corporate WeChat as advertising landing pages

##This site noticed that

Tencent announced that it is upgrading its self-developed basic model Tencent Hunyuan and deploying it to internal products, and at the same time opening it to external enterprise customers.

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