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Thursday, August 13, 2009

Tencent QQ continues growth, profitability

Skype is huge. But it's not the biggest IM or social network. That honor goes to Tencent and its QQ family of instant messaging and online services. They've had a great second quarter. They are on track to cross the one billion user account mark in Q3. The number of recently active users and peak active users is astonishing. And it's all within the Chinese language markets.

(millions)

For the 15-day period ended 30 June 2009

For the 16-day period ended 31 March 2009

Percentage change

Registered IM user accounts (at end of period)

990.0

934.9

5.9%

Active user accounts (at end of period)

448.0

410.8

9.1%

Peak simultaneous online user accounts

61.3

57.5

6.6%

Average daily user hours

996.8

847.3

17.6%

Average daily messages(1)

6,147.6

4,991.0

23.2%

Fee-based Internet value-added services registered subscriptions (at end of period)

40.0

36.9

8.4%

Fee-based mobile and telecommunications value-added services registered subscriptions (at end of period)(2)

17.2 16.8 2.4%

(1) Average daily messages include messages exchanged between IM client software installed on PCs or mobile devices only and exclude messages exchanged with PCs or mobile devices through channels other than IM client software.

(2) Includes registered subscriptions for services provided directly by us or through mobile operators.

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