Tencent's revenue in the first quarter was 150 billion yuan, a year-on-year increase of 11%, and its net profit was 25.8 billion yuan

On May 17th, it was announced that Tencent HoldingsToday, the unaudited comprehensive results for the first quarter ended March 31, 2023 are announced. data displayTencent's revenue in the first quarter of 2023 increased by 11% year-on-year to RMB 150 billion

On May 17th, it was announced that Tencent HoldingsToday, the unaudited comprehensive results for the first quarter ended March 31, 2023 are announced. data displayTencent's revenue in the first quarter of 2023 increased by 11% year-on-year to RMB 150 billion. The proportion of equity holders in our company's profits increased by 10% year-on-year to RMB 25.8 billion.

Summary of performance for the first quarter of 2023

Total revenue: increased by 11% year-on-year, and the profit attributable to equity holders of the company under non international financial reporting standards: increased by 27% year-on-year

The total revenue was RMB 150 billion (21.8 billion US dollars), an increase of 11% compared to the first quarter of 2022 ("year-on-year").

According to International Financial Reporting Standards:

-  The operating profit was RMB 40.4 billion (5.9 billion US dollars), a year-on-year increase of 9%; The operating profit margin remained unchanged at 27% compared to the same period last year.

-  The profit during the period was RMB 26.4 billion (3.8 billion US dollars), an increase of 11% year-on-year; The net profit margin remained unchanged at 18% compared to the same period last year.

-  During the period, the profit attributable to equity holders of the company was RMB 25.8 billion (3.8 billion US dollars), an increase of 10% year-on-year.

-  The basic profit per share is RMB 2.725, and the diluted profit per share is RMB 2.639.

According to non international financial reporting standards, excluding the impact of certain one-time and/or non cash items to reflect the performance of core businesses:

-  The operating profit was RMB 48.4 billion (7 billion US dollars), a year-on-year increase of 32%; The operating profit margin has increased from 27% in the same period last year to 32%.

-  The profit during the period was RMB 33.4 billion (4.9 billion US dollars), a year-on-year increase of 27%; The net profit margin has increased from 19% in the same period last year to 22%.

-  During the period, the profit attributable to equity holders of the company was RMB 32.5 billion (4.7 billion US dollars), a year-on-year increase of 27%.

-  The basic profit per share is RMB 3.431, and the diluted profit per share is RMB 3.353.

The total cash at the end of the period was RMB 370.5 billion (53.9 billion US dollars).

Chairman and CEO Ma Huateng stated: In the first quarter of 2023, our payment business assisted in the recovery of domestic consumption, and payment amounts also benefited from it. Our gaming business revenue improved, while advertising business revenue maintained rapid growth, driving solid overall revenue growth. Non International Financial Reporting Standards net profit achieved a higher growth rate on the basis of a low base in the same period last year, reflecting the improvement of revenue structure and operational efficiency. We are vigorously investing in the construction of manpower The ability of intelligence and cloud infrastructure to embrace the opportunities brought by basic models, we believe that artificial intelligence will become a multiplier for our business development, enabling us to better serve our users, customers, and even the entire society