Tencent's latest data: QQ's monthly active users are less than half of WeChat's

On May 20, Tencent released its first quarter financial report, which showed that Tencent's first quarter revenue was 135.303 billion yuan, a year-on-year increase of 25%.

In addition, the net profit in the first quarter was RMB 47.8 billion, compared with RMB 28.896 billion in the same period last year, an increase of 65% year-on-year.

At the same time, the gap between QQ and WeChat's monthly active users has widened further. The financial report shows that in the first quarter, WeChat and WeChat's monthly active users reached 1.2416 billion, a year-on-year increase of 3.3%.

In comparison, the monthly active users of QQ mobile terminals in the first quarter were 606.4 million, a year-on-year decrease of 12.6%.

The financial report also showed that the revenue of value-added services was 72.4 billion yuan, a year-on-year increase of 16%. The revenue of games was 43.6 billion yuan, a year-on-year increase of 17%, mainly driven by the growth of global mobile game revenue.

Among them, mobile game revenue was 41.5 billion yuan, and PC client game revenue was 11.9 billion yuan.

Ma Huateng, Chairman and CEO of Tencent, said: "In the first quarter, we achieved solid growth across all our businesses and continued to enhance our products and services. Looking ahead, opportunities continue to emerge in all verticals we operate in as technological innovation and digital solutions become increasingly popular among users and businesses.

Therefore, we will increase investment in multiple areas, including enterprise services and software, high-industrialization level games and short videos. In addition, as a technology company serving a large number of users and corporate customers, we recognize our social responsibility and the opportunity to create significant social value through innovation.

We believe that the recent strategic upgrade and establishment of the Sustainable Social Value Division will enable us to have a more positive impact on society and lead Tencent into a new stage of development.”