Tencent has announced its Q3 2015 earnings, pulling in a 34% increase in profits to $1.2 billion, with revenues reaching $4.2 billion. The Chinese company has stakes in Riot Games, Epic Games, Glu, and more.
The company saw most of its growth from the smartphone gaming business, which had a 60% increase in revenue on a gross-to-gross basis. The company said: "We achieved or retained leadership in multiple genres, such as running, MOBA, shooting and board games, as we leveraged our experience operating in multiple categories in PC client games".
Tencent also noted it has a trifold strategy to dominate the mobile gaming business, with the first part of this seeing the Chinese giant generating content for its titles that already make money. The second part is "pioneering new smartphone game genres, such as shooting and MOBA games, by leveraging our experiences in developing new PC client game genres in China", while the third part of the plan is "building player communities for low-ARPU, high-DAU, smartphone game genres, such as playing card and board games, within and on top of our social networks".