Tencent on Wednesday reported a revenue of RMB 609.01 billion ($84.6 billion) for 2023, a 10% year-on-year increase, while its adjusted net profit surged by 36% year-on-year to reach RMB 157.68 billion ($21.9 billion). The Chinese tech giant’s gaming division reached RMB 179.9 billion ($24.99 billion) in revenue in 2023. The firm’s domestic gaming revenue grew by 2% year-on-year to RMB 126.7 billion ($17.6 billion), driven by the success of titles such as first-person shooter game Valorant, action role-playing game Lost Ark, battle royale shooter game Arena Breakout, and the turn-based strategy game Teamfight Tactics. Overseas gaming revenue soared by 14% year-on-year to RMB 53.2 billion ($7.39 billion) for the company, reflecting a year-on-year increase of 8% when excluding the impact of exchange rate fluctuations. Overseas growth was fueled by titles including the overseas version of Valorant, third-person shooter action role-playing game Goddess of Victory: Nikke, puzzle matching game Triple Match 3D, and the battle royale game PUBG Mobile. [Zaker, in Chinese]
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