Tencent announced total revenues of RMB66,392 million (USD10,161 million) for Q4 2017, an increase of 51% YoY; RMB237,760 million (USD36,387 million), an increase of 56% over the year for the whole year of 2017.
Profit for the year was RMB72,471 million (USD11,091 million) for 2017, an increase of 75% YoY. Net margin increased to 30% from 27% last year. Tencent’s Q4 Profit was RMB21,622 million (USD3,309 million), an increase of 105% YoY. Net margin increased to 33% from 24% last year.
QQ’s smart device MAU was up by 1.7% year-on-year to 683.0 million in Q4 2017 while PCU, including PC and mobile, increased by 11.1% year-on-year to 270.8 million. Smart device MAU for users aged 21 years or below increased year-on-year and their time spent per user also increased, indicating higher stickiness among young users. Tencent launched AI-enabled features designed to attract young users to create amusing photo-, audio- and video-based messages.
Qzone: Smart device MAU was down 9.1% year-on-year to 554.0 million. Campus Qzone further increased coverage in high schools and colleges.
WeChat: MAU was 988.6 million, representing year-on-year growth of 11.2%. Following the Chinese New Year, WeChat MAU exceeded 1 billion. The launch of Mini Games in the end of 2017 gained widespread attention and accelerated adoption among users. And, as of January 2018, 580,000 WeChat Mini Programs were launched with over 170 million DAU.
Tencent Video became the leading video streaming platform in China with over 137 million mobile DAU during the fourth quarter and 56 million subscriptions as of the end of 2017.