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Huawei grows revenues 20%, profit 25% in 2018

2019-03-29 09:20:00| Telecompaper Headlines

(Telecompaper) Huawei said revenues for 2018 advanced 19.5 percent from the year before to CNY 721.2 billion while the net profit jumped over 25 percent to CNY 59.3 billion. The company gave the numbers in its 2018 Annual Report, showing it maintained growth despite pressure from the US and growing international scrutiny.  

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Tencent Q4 profit falls 35% on investment costs, revenues up 28%

2019-03-21 12:28:00| Telecompaper Headlines

(Telecompaper) Tencent reported revenues of CNY 84.9 billion for the fourth quarter, up 28 percent from a year earlier as growth in social networks, payments and online content helped offset flat revenues from gaming. The company's net profit fell 35 percent to CNY 14.0 billion, due to costs for the IPO of Tencent Music and several disposal gains in the year-earlier period. Adjusted EBITDA rose 18 percent to CNY 29.7 billion.

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3 Group grows FY revenues 11% thanks to Italian takeover, customer base declines

2019-03-21 10:41:00| Telecompaper Headlines

(Telecompaper) 3 Group reported higher results for 2018, helped by its takeover of full control of Italian operator Wind Tre. However, the increased competition in the Italian market from the arrival of Iliad meant a decline in 3 Group's customer base, to 51.0 million customers at the end of 2018 from 52.3 million a year earlier. 

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Xiaomi grows FY revenues 53% on expansion abroad, new products

2019-03-19 13:26:00| Telecompaper Headlines

(Telecompaper) Xiaomi announced revenues of CNY 174.9 billion for 2018, up 52.6 percent. The Chinese company benefited from its expansion abroad, with international revenues more than doubling to CNY 70 billion, as well as expansion into new product categories and services, such as smart TVs and speakers. Net profit for the year totaled CNY 13.5 billion, and adjusted net profit grew 59.5 percent to CNY 8.6 billion.

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US esports ad revenues will grow 25% in 2019

2019-03-14 16:00:16| Digital TV News

Competitive video gaming is a rapidly growing, multibillion-dollar industry. Esports ad revenues are poised to surpass $200 million by next year, according to eMarketers first forecast on esports and gaming revenues.

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