China-based Tencent Holdings has released fourth-quarter 2020 financial results, with consolidated revenues reaching CNY133.669 billion (US$20.486 billion), growing 26.38% on year.
Of the consolidated revenues, CNY66.979 billion (50.11%) came from value-added services including PC-based and mobile online games and social network services, CNY38.494 billion (28.80%) from FinTech and business services, CNY24.655 billion (18.44%) from online advertising, CNY3.541 billion (2.65%) from others, Tencent said.
As of the end of December 2020, there were 594.9 million active users of QQ, Tencent's in-house developed platform for instant messenger, online game, music, movie and shopping services; 1.225 billion active users of Weixin/WeChat, a mobile App for instant messenger, social communications and mobile payment; and 219.5 million registered subscribers of chargeable value-added services, Tencent indicated.
Tencent: Financial report, 4Q20 (CNYb) | ||||
Item | 4Q20 amount | Y/Y | 2020 amount | Y/Y |
Consolidated revenues | 133.669 | 26.38% | 482.064 | 27.77% |
Gross margin | 44.05% | up 0.46pp | 45.95% | up 1.55pp |
EBITDA | 42.872 | 20.17% | 170.680 | 24.34% |
Operating profit | 63.713 | 122.74% | 184.237 | 55.22% |
Net profit | 59.302 | 174.78% | 159.847 | 71.31% |
Source: Company, compiled by Digitimes, March 2021
