Tencent Games Q1 2017 Revenue Nearly Twice as Much as Activision Blizzard's
The Chinese video game giant has reported $3.3 billion revenue in Q1 2017, which is about twice as much as Activision Blizzard's revenue, which was $1.73 billion. Tencent's financial report indicated that the video game revenue increased 55% y-o-y.
Mobile games in particular, recorded a $1.87 billion revenue in Q1, marking 8 consecutive quarters of growth. Popular mobile games like Strike of Kings, Dragon Nest Mobile, and CrossFire Mobile showed agressive growth. You can see Tencent Games' major game line-up below.
Tencent has made several stratigic acquisitions and investments (Riot Games and Supercell) that proven to be successful. They are now eyeing Steam with WeGame, a platform aims at global audience.