Honor of Kings powers Tencent game revenues to $3.3 billion in Q1 2017

Honor of Kings powers Tencent game revenues to $3.3 billion in Q1 2017

Tencent has released its financials for its Q1 FY17 for the three months ending March 31st 2017.

It saw overall revenues of $7.18 billion for the quarter, up 55% year-on-year. Profit also soared to $2.11 billion, up 57% on its Q1 FY16 profits.

Breaking this down further, the company generated $3.31 billion from its Online Games segment, which includes its PC and mobile games. Mobile games revenue, including games played in Tencent's social networks, came to $1.87 billion for the quarter.

King's ransom

Tencent attributed its mobile success largely to CrossFire Mobile, Dragon Nest Mobile and Honor of Kings. It stated that the latter two titles had seen sequential revenue growth thanks to an increase in players.

Honor of Kings has become a particularly important game for Tencent after it surpassed 50 million DAUs in just 14 months. It is currently soft-launched in the West under the new name Strike of Kings.

The company isn't resting on its laurels either. It is currently planning to build a town dedicated to eSports in China, as well as an Honor of Kings theme park in Chengdu.

Deputy Editor

Ric has written for for as long as he can remember, and is now Deputy Editor. He likes trains.


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