Tencent 1Q2022 Key Highlights Revenues:
Stable YoY, non-IFRS1 profit attributable to equity holders of the Company: -23% YoY
Total revenues were RMB135.5 billion (USD21.3 billion2 ), stable over the first quarter of 2021 (「YoY」).
▪ On a non-IFRS basis, which is intended to reflect core earnings by excluding certain one-time and/or non-cash items:
- Operating profit was RMB36.5 billion (USD5.8 billion), a decrease of 15% YoY. Operating margin decreased to 27% from 32% last year.
- Profit for the period was RMB26.3 billion (USD4.1 billion), a decrease of 24% YoY. Net margin decreased to 19% from 26% last year.
- Profit attributable to equity holders of the Company for the quarter was RMB25.5 billion (USD4.0 billion), a decrease of 23% YoY.
- Basic earnings per share were RMB2.678. Diluted earnings per share were RMB2.620.
▪ On an IFRS basis:
- Operating profit was RMB37.2 billion (USD5.9 billion), a decrease of 34% YoY. Operating margin decreased to 27% from 42% last year.
- Profit for the period was RMB23.7 billion (USD3.7 billion), a decrease of 52% YoY. Net margin decreased to 18% from 36% last year.
- Profit attributable to equity holders of the Company for the quarter was RMB23.4 billion (USD3.7 billion), a decrease of 51% YoY.
- Basic earnings per share were RMB2.455. Diluted earnings per share were RMB2.404.
▪ Total cash were RMB304.1 billion (USD47.9 billion) at the end of the period.