Tencent Brings in Nearly $500 Million From 'Honor of Kings' and 'PUBG Mobile' in April

Tencent Brings in Nearly $500 Million From 'Honor of Kings' and 'PUBG Mobile' in April

Caixin·2021-05-14 10:00

Tencents Honor of Kings and PUBG Mobile were the worlds two highest-grossing mobile games in April.Last month, Honor of Kings, a multiplayer role-playing battle game developed by Tencents Timi Studio, raked in $258.8 million in revenue, up 38.4% year-on-year, retaining its position as the worlds highest-earning mobile game for two consecutive months, according to SensorTower.Approximately 96% of the games April revenue came from the Chinese mainland, with Thailand and Taiwan being second and third largest revenue contributors with 1.7% and 1.2% respectively.PUBG Mobile, a battle royale mobile game developed by Tencents Lightspeed & Quantum Studio, came in second with revenue of $237.7 million, nearly 60% of which came from the Chinese mainland, followed by the U.S. with 11%.In the first quarter of this year, Tencent participated in 31 gaming investment deals, accounting for nearly a third of all investment agreements it reached during the period, according to a report by Chinese company information provider Qichacha.Contact reporter Ding Yi (yiding@caixin.com)Related: Alibaba, Tencent-Backed Edtech Firms Fined for False Advertising

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