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Tencent sees gaming growth boost Q1 revenue to US$15.2bn

Getty ImagesTencent’s first-quarter revenue and profits were boosted by high demand for video games during Covid-19 lockdowns worldwide. The Chinese company’s video games business, which generates more than a third of its revenue, saw growth of 31 per cent to CNY37. 30 billion (US$5. 26 billion) as consumers sought entertainment and social interaction at home. Tencent records US$54bn revenues in 2019That increase helped Tencent’s overall revenue for the first quarter of 2020 climb 26 per cent to CNY108. 07 billion ($15.

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