Tencent earned $3.3 billion on online gaming in the quarter

The revenues of the online gaming division of the Chinese company Tencent amounted to $3.3 billion for the 1st quarter of 2017.

This is reported in the financial report of Tencent.

Quarterly revenue from online titles increased by 34% compared to the same period last year.

According to the Chinese company’s report, Tencent’s total gaming revenue for the 1st quarter of 2017 is about $3.9 billion.

Revenues from PC games in the first three months of 2017 increased by 24% year-on-year to $2 billion thanks to the company’s key projects: League of Legends, FIFA Online 3 and Dungeon Fighter Online.

Tencent’s mobile games, such as Honor of Kings and Dragon Nest Mobile, earned a little less. Their revenues for the 1st quarter of 2017 increased by 57% and reached $1.8 billion.

Tencent is China’s largest Internet service provider. The company’s gaming revenues exceeded $10 billion in 2016.

Source: Tencent