Tencent Video subscriptions up 58% to 89 million at end-2018

Thursday, March 21st, 2019
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HONG KONG — Tencent Holdings Limited (“Tencent” or the “Company”, 00700.HK), a leading provider of Internet value added services in China, today announced the unaudited consolidated results for the fourth quarter of 2018 (“4Q2018”) and audited consolidated results for the year ended December 31, 2018 (“FY2018”).

Digital Content

Tencent Video is the leading online video streaming platform in China in terms of mobile DAU (Daily Active Users) and subscriptions, generating the highest revenues in the online video market in China through subscriptions and advertising.

Tencent Video expanded its subscription counts to 89 million, up 58% year-on-year, driven by premium content and cross-promotions.