On August 12, Tencent released its financial report for the second quarter of 2020, showing that as of June 30, the number of monthly active WeChat accounts across the world reached 1.206 billion, a year-on-year increase of 6.5% and a month-on-month increase of 0.3%.
The number of monthly active QQ accounts from the smart terminals totaled at 647.6 million, down by 8.4% year-on-year. Comparing to the first quarter, the number of which reached 693 million, it showed a decrease of 6.6%.
The number of registered accounts for paid value-added services reached 203.4 million, which increased by 20.4% compared to last year. Among them, the number of video service members increased by 18% to 114 million, and the number of paid music users exceeded 47 million, a year-on-year increase of 52%.
The report also showed that Tencent’s revenue in the second quarter was 114.9 billion yuan, a year-on-year increase of 29%, higher than the expectation of 112.439 billion yuan from the market. Net profit in the second quarter was 33.11 billion yuan, a year-on-year increase of 28%.