![]() It had $1.593 Billion reported as quarterly revenues in that year, but the not so much difference shouldn’t impact your decision since the statistics still show an amazingly profitable opportunity. ![]() But this announcement depicted lesser numbers when compared to 2019. The very same day, its revenue was reported at $1.151 Billion of the very same quarter. The company is highly successful in making money from games and even reported a quarter’s gross profit at $865 Million, with an operating income of $149 million on September 30, 2020. In 2019, Apex Legends by EA had over 70 Million users worldwide, as reported by Statista. There are several massive games under them, such as NFL, FIFA, Star Wars, Need For Speed, UFC, The Sims, Apex Legends, NHL, and Medal Of Honor. One of the biggest gaming companies that are also public, this one trading with the ticker EA could be a fantastic choice. Though it is not too easy to estimate other values such as net profits and income due to the currency exchange, the value of this company speaks for itself. Overall when we see these statistics, they prove that Tencent is a massive company with huge potential ahead. Tencent itself reported an operating income of 109.400 Billion Yuan, which is $16.93 Billion. In the second quarter of 2020, Macrotrends estimated Tencent valuing at $16.2 Billion, after which Statista estimated their gross profit to be 142.12 Billion Yuan. Next, Tencent also has 80% of the shares of Grinding Gear Games who own Path of Exile, which had approximately 240,000 players back in January of 2020, which further grew by 11%. In addition, its 100% ownership is with Tencent, which makes it a profitable move for investors. In fact, in 2020, 115 million players were active in the game, which resulted in a massive revenue of $1.5 Billion. According to PCGamer, it is the most played game on a Personal Computer ever. One of Tencent’s most known games under its hood is League of Legends, a riot game.
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