"Mobile game growth was very strong, as the first quarter is usually a good season when users spend more time on their devices during the holidays", said Benjamin Wu, a Shanghai-based analyst with Pacific Epoch.
Shares in the second most valuable Asian public company has come under heavy pressure leading up to the earnings report, as investors feared the potential for lower margins along with higher costs.
However, those feats were dispelled by the technology giant.
Revenue rose 48% to 73.5bn yuan, compared with analyst estimates for 70.8bn yuan. That represented a 61 percent year-on-year rise. Operating margin increased to 42% from last year's first quarter of 39%.
Revenue breakdown: VAS business, 46.9B yuan (+34%); Online game, 28.8B yuan; Smartphone game, 21.7B yuan (+68%); Social networks, 18.1B (+47%); Online ad business, 10.7B (+55%); Social and others ad, 7.4B (+69%); Other businesses, 15.96B (+111%).
C's Dominate 2nd Half, Take 2-0 Series Lead It wasn't about how LeBron James would respond after a quiet 15-point effort as the Boston Celtics rolled in the opener. Who is most likely to win the 2018 NBA Championship? They're gooning the game up, and we've got to do the same thing.
In the video content sector, Tencent poured a total of $1.1 billion into two rivals in a 24-hour period, investing US$632 million and US$461.6 million respectively in Chinese game-streaming platforms Douyu and Huya in March. The company announced that had seen growth in the double digits related to the number of daily active users for that game.
Revenue from PC games was flat compared to past year, but analysts believe the comparison was tough with the 2017 first quarter, and overall its games business was strong.
The broader online game business was driven by two major hit games.
The gaming business boosted Tencent's revenues in the quarter. The first PlayersUnknown's Battleground (PUBG), which is a huge multiplayer game online. Last month, Tencent partnered with USA developer Epic Games to launch Fortnite in China. "Fortnite" was developed by Epic Games, a company that Tencent has a large stake in. Now unavailable in China, it will be launched in the country within the next few months. That was buoyed by a one-time gain of nearly 7.6 billion yuan as the value of investments in arenas from video streaming to news content rose.
Tencent's other retail partners include Carrefour, Walmart, Yonghui Superstores, Vipshop Holdings, Bubugao and JD.com, who are looking to leverage the internet giant's capabilities in mobile payments, customer acquisition and cloud services.
Strong winds and dust storm, followed by light showers were witnessed across the national capital, as reported by ANI. The police received almost 60 calls related to fallen trees, electricity polls and wall collapses across the region.
According to reports, the state education board said that this change will instill a sense of patriotism among the students. The opposition Congress was quick to react over the new school education department order.
While Nikki claimed that she "hadn't heard" what Cena said on the show and, when told about his comments, looked surprised. During an appearance on The Today Show , John Cena had a chat about his breakup with hosts Kathie Lee and Hoda.
Brinker Capital invested 0.65% of its portfolio in Apple Inc. 7,393 are owned by Marathon Mgmt. (NASDAQ:FNGN) for 101 shares. Moreover, Ct Mason has 3.78% invested in Apple Inc. (NASDAQ:AAPL) has "Buy" rating given on Sunday, August 16 by Rosenblatt.
But Israel's Prime Minister Benjamin Netanyahu said his troops was acting in self-defence against Hamas, Islamist rulers in Gaza. No Israeli soldier or civilian was killed or wounded in Monday's clashes, according to Vox .
Foreign Minister Heiko Maas said, however, that it could be hard to protect European firms from any fallout from the USA decision. The EU's energy commissioner is also traveling this week to Iran to discuss strengthening European energy support to Iran .
The achievement was announced after the ModelX P100D pulled a Boeing 787-9 Dreamliner on the tarmac for 300 metres. Although it's rated to tow 2500kg, the Model X managed to pull the 130,000 kg airplane almost 300 meters.
Barring his match-winning knock against Royal Challengers Bangalore , Rohit has failed to live up to the expectations this season. In order to seal qualification, they will hope Kings XI Punjab lose to both Mumbai Indians and Chennai Super Kings.
Article 368 (i) of the Constitution mandates that only Parliament can amend the Constitution by introducing a new Article. It is a very sensitive issue, the AG said and made it clear that the Centre did not want to file its reply on validity.
Ronda Rousey Says She Will Be Pregnant 'Someday Soon'
The two wrestlers will be facing each other in a singles match for the Raw's Women's Championship on June 17 Rosemont, Illinois. The 31-year-old WWE superstar has been talking about babies for a while - first bringing up the topic on "Ellen" back in 2016.
BSNL rolls out Rs 118 prepaid plan to take on Reliance Jio
Telecom operators in the country have kept on refreshing their prepaid plans since the entry of Reliance Jio to the Indian market. The state-run telecom operator, BSNL, recently launched Rs 39 prepaid plan that offers unlimited voice calls to the subscribers.
NES and SNES Classic Editions to return
Pre-orders sold out in advance of the launch and those hoping to buy one in-store were met with long lines and empty shelves . There will be no increase in the NES Classic Edition price for its return, as it will still be sold at $59.99.
Trailer : Mission : Impossible - Fallout
Anyway, the sixth film is called Mission: Impossible - Fallout , and it'll be in cinemas in about two months. However, Ethan hunt from the " Mission impossible " could compete with Clint Barton or Natasha Romanoff.
Beta updates to OnePlus devices finally bring group MMS
Coming to the software update, the OnePlus 3 is getting Open Beta 36, while the OnePlus 3T is getting Open Beta 27. For some unusual reason, Android Messages (the default SMS app) on OnePlus devices doesn't support group MMS.