{"id":13539,"date":"2012-08-15T14:48:08","date_gmt":"2012-08-15T12:48:08","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/update-1-chinas-tencent-logs-q2-profit-jump-as-online-games-shine\/"},"modified":"2012-08-15T14:48:08","modified_gmt":"2012-08-15T12:48:08","slug":"update-1-chinas-tencent-logs-q2-profit-jump-as-online-games-shine","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-chinas-tencent-logs-q2-profit-jump-as-online-games-shine\/","title":{"rendered":"UPDATE 1-China&#8217;s Tencent logs Q2 profit jump as online games shine"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Q2 net profit 3.1 bln yuan vs consensus 3 bln yuan<\/p>\n<p><span><\/span><\/p>\n<p>* Q2 revenue 10.53 bln yuan vs consensus 10.1 bln yuan<\/p>\n<p><span><\/span><\/p>\n<p>* Tencent pushing into other segments to diversify revenue<\/p>\n<p><span><\/span><\/p>\n<p>By Melanie Lee<\/p>\n<p><span><\/span><\/p>\n<p>Aug 15 (Reuters) &#8211; Tencent Holdings, China&#8217;s<br \/>\nbiggest Internet company by revenue, said on Wednesday its<br \/>\nquarterly profit rose by its fastest pace in a year as sales got<br \/>\na boost from its online games segment despite a slowing Chinese<br \/>\neconomy.<\/p>\n<p><span><\/span><\/p>\n<p>Tencent and its rivals have been rapidly expanding in<br \/>\nInternet segments such as media and e-commerce to tap fresh<br \/>\nrevenue streams, heating up the battle to draw users to their<br \/>\nplatforms. In the online games business, which generates about<br \/>\nhalf of its overall revenue, Tencent last month linked up with<br \/>\nActivision Blizzard to bring &#8220;Call of Duty&#8221; to China.<\/p>\n<p><span><\/span><\/p>\n<p>Tencent said its second-quarter net profit rose 32 percent<br \/>\nfrom a year earlier to 3.1 billion yuan ($492 million), its<br \/>\nbiggest rise since the first quarter of 2011. The result was<br \/>\nroughly in line with the average estimate of 3 billion yuan in a<br \/>\nReuters poll of eight analysts.<\/p>\n<p><span><\/span><\/p>\n<p>Revenue rose 56 percent to 10.53 billion yuan, above the<br \/>\naverage forecast from nine analysts for 10.1 billion yuan.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* 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) &#8211; Tencent Holdings, China&#8217;s biggest Internet company by revenue, said on Wednesday its quarterly profit rose by [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-13539","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13539","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=13539"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13539\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}