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Tencent 2022 Second Quarter Result




Tencent's revenue in the second quarter of 2022 was 134.034 billion yuan, down 3% from 138.259 billion yuan in the same period last year, and down 1% from 135.47 billion yuan in the previous quarter.

Tencent's value-added services business revenue in the second quarter of 2022 was 71.7 billion yuan, which remained generally stable compared with the same period last year.The most core revenue in the value-added service business is game revenue.







Tencent's game revenue in the second quarter of 2022 was 42.5 billion yuan, down 3% from 43.6 billion yuan in the previous quarter and down 1% from 43 billion yuan in the same period last year.

Tencent said that as the international game industry began to digest the impact of the post-epidemic era, game revenue in the international market was 10.7 billion yuan, down 1%.Revenue from "PUBG Mobile" and "Brawl in the Wild" fell, "VALORANT" performed strongly and the newly launched "Awakening of the Night Race" made incremental revenue contributions.

The local market has experienced a similar adjustment period and is facing a series of transitional challenges, including a decline in the number of large-scale game releases, a decrease in user consumption, and the implementation of juvenile protection measures. Game revenue in the local market was 31.8 billion yuan, down 1%.

Revenue from "Glory of the King", "Tianya Mingyue Sword Mobile Game" and "League of Legends" declined, while revenue from recently launched games such as "League of Legends Mobile Game", "Return to the Empire" and "Battle of the Golden Shovel" increased.


Tencent's social network revenue in the second quarter of 2022 was 29.2 billion, an increase of 0.6%, reflecting the increase in revenue from Tencent's live video streaming service and digital content subscription service, while the revenue from live music and game streaming decreased.


Tencent's online advertising business revenue in the second quarter of 2022 was 18.6 billion yuan, down 18% from 22.8 billion yuan in the same period last year.Tencent said that the decline in revenue from online advertising business reflects the obvious weakness in demand in the fields of Internet services, education and finance.The advertising business suffered a greater impact in April and May, which was partially offset by the advertising revenue brought about by the merger of Sogou.

Tencent's social and other advertising revenue in the second quarter of 2022 was 16.1 billion yuan, a decrease of 17%. This was due to weak advertising demand and sluggish advertising bidding, which caused eCPM to decline.Media advertising revenue was 2.5 billion yuan, down 25%.It was due to the decline in advertising revenue of Tencent Video and Tencent News.




Tencent's financial technology and corporate services business revenue in the second quarter of 2022 was 42.2 billion yuan, an increase of 1% year-on-year, and financial technology service revenue accounted for 32% of Tencent's revenue.

The year-on-year growth rate of financial technology service revenue slowed down from the previous quarter due to the temporary suppression of commercial payment activities by the new crown epidemic in April and May.Corporate service revenue fell slightly year-on-year, reflecting Tencent's active commitment to reducing loss-making projects.


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