Tencent Increases Total Revenue, Online Advertising Sinks

May 18, 2007 | Print | Email Email | Comments | Category: Internet



    Chinese instant messaging company Tencent says total revenues for the first quarter ended March 31, 2007 were CNY773.1 million, an increase of 8.4% over the fourth quarter of 2006.

    However the company's online advertising revenues decreased 9.1% quarter-on-quarter to CNY74.1 million and represented 9.6% of total revenues in the first quarter of 2007. The company's IVAS revenues increased 14.9% quarter-on-quarter to CNY501.8 million and represented 64.9% of the total revenues in the first quarter of 2007.

    Gross profit for the first quarter of 2007 was CNY535.5 million, an increase of 11.7% quarter-on-quarter or an increase of 14.0% year-on-year. Basic earnings per share were CNY0.164 and diluted earnings per share were CNY0.158.

    Tencent says it continues to strengthen its online advertising team and its relationship with leading advertisers and advertising agencies, and the company believes it can leverage its strong collection of integrated online platforms to deliver above-industry growth for the full year.

    Related Links:


    Recommend this page: 1 Star2 Stars3 Stars4 Stars5 Stars

    Loading ... Loading ...
    Related News:
  • Tencent Increases Revenue, But Internet Advertising Slips
  • China's Tencent Publishes Semi-annual Report
  • China's Tencent Revenue Up 44.3% In Q2 2011
  • Goldman Sachs: China Mobile's Punishment Affects No More Than 1% Of Total Revenue
  • China's Tencent Publishes Financial Report For Q3 2009
  • Tencent To Enter Online Search, Email Sectors
  • China's Online Game Revenue Reached CNY5.514 Billion In Q1 2009
  • Tencent Worries About Weakening Internet Advertising Growth In China
  • One Foundation Joins Hands With Tencent For Internet Donations
  • Shanda's Mochi Media Warns Tencent About Game Infringement



    • Leave A Comment:



    Inside ChinaTechNews.com


      Other China News

      China Sourcing News:

      Home Building Chain Closes Another Store In China

      American Internet Retailer Adds Courier Fees In China

      French Optics Company Announces Two China Investment Deals

      Increasing Manufacturing Costs Cause Trouble For Chinese Retailer
      TechSecurityChina.com:

      Inspur International To Sell Chinese E-government Business

      Shareholder Disputes Settled For Chinese Media Firm

      Qihoo 360′s Safebox Software Will Integrate With Uuu9.com

      Apple Suspends iPhone 4S Sales In Retail Stores In China
      ChinaWirelessNews.com:

      ZTE Launches First Tablet In America

      Apple Adopts New iPhone Sales System In Hong Kong

      China Telecom To Launch CDMA-based iPhone 4S

      China Mobile's Call Center In Luoyang Formally Launched

      Visit these other China sites: ChinaRetailNews.com | GreenChinaTech.com | ChinaWirelessNews.com | TechSecurityChina.com | China Sourcing News | China CSR