* Q2 net profit 3.1 bln yuan vs consensus 3 bln yuan
* Q2 revenue 10.53 bln yuan vs consensus 10.1 bln yuan
* Tencent pushing into other segments to diversify revenue
By Melanie Lee
Aug 15 (Reuters) – Tencent Holdings, China’s
biggest Internet company by revenue, said on Wednesday its
quarterly profit rose by its fastest pace in a year as sales got
a boost from its online games segment despite a slowing Chinese
economy.
Tencent and its rivals have been rapidly expanding in
Internet segments such as media and e-commerce to tap fresh
revenue streams, heating up the battle to draw users to their
platforms. In the online games business, which generates about
half of its overall revenue, Tencent last month linked up with
Activision Blizzard to bring “Call of Duty” to China.
Tencent said its second-quarter net profit rose 32 percent
from a year earlier to 3.1 billion yuan ($492 million), its
biggest rise since the first quarter of 2011. The result was
roughly in line with the average estimate of 3 billion yuan in a
Reuters poll of eight analysts.
Revenue rose 56 percent to 10.53 billion yuan, above the
average forecast from nine analysts for 10.1 billion yuan.
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