Chinese digital giant Tencent reported today that revenue in its first quarter of 2015 grew 22 percent and profits were up 7 percent compared to the same period a year ago.
Tencent operates messaging services QQ and WeChat, as well as offering a broad range of video games.
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":1729057,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,","session":"D"}']The company said it had revenue of 22.4 billion yuan ($3.64 billion USD), up from 18.4 billion yuan from last year. Profits rose to 6.930 billion yuan ($1.128 billion), up from 6.46 billion yuan a year ago.
The profits beat estimates of eight analysts polled by Bloomberg.
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The company said the WeChat messaging service now has 549 million monthly active users. That compares to the 800 million recently announced by Facebook’s WhatsApp.
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