WeChat hits record 1.24 billion monthly users as Q1 revenue grows 25%

On 20 May, Tencent Holdings released its financial report for the first quarter of 2021. We’ve picked out some key findings:

  • WeChat’s global monthly active users (MAUs) reached 1.24 billion, an increase of 3.3% year-on-year
  • The number of MAUs on instant messaging platform QQ fell by 12.6% to approximately 600 million
  • Tencent’s revenue in Q1 was 135.3 billion RMB ($21 billion), a year-on-year increase of 25%
  • The company’s gross profit was 62.6 billion RMB ($9.7 billion), a year-on-year increase of 19%

Tencent’s value-added business and game revenue in the first quarter increased by 17% to 43.6 billion RMB due to its profitable mobile game empire which includes Honor of Kings, PUBG Mobile, Peace Elite, and the recently launched The Magic Blade mobile game. 

WeChat reaches 1.24 billion users
Credit: WeChat

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