China’s Tencent posts second consecutive $1bn+ quarter

MCV Staff 10th November 2011 Business News

Tencent, the owner of successful internet and mobile games developer Riot Games, has posted another set of astronomical numbers.

Total revenue for the quarter ending September 30th reached $1.18bn, which is a year-on-year gain of over 11 per cent. It’s the second quarter in a row that revenue has topped $1bn.

Online games were the most successful category, contributing over $650m in sales. That’s a 14 per cent year-on-year rise.

A number of online titles were credited for the growth including Dungeon and Fighter, Cross Fire, League of Legends and the QQ games range.

At one point the QQ service has over 8m players logged in simultaneously.

Tags

About MCV Staff

Check Also

e3 [Industry news] Explore the E3 of Years Past Like Never Before in Brand New Collections From the Video Game History Foundation

[Industry news] Explore the E3 of Years Past Like Never Before in Brand New Collections From the Video Game History Foundation

As part of its continually growing physical library and digital archive, the Video Game History Foundation (VGHF) is excited to announce it is adding a plethora of materials from the Electronics Entertainment Expo (commonly referred to as “E3”), the larger-than-life tradeshow that came to dominate games media and heavily influence the industry itself for over 20 years.

© Copyright 2026, MCV. BizMedia