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For Immediate Release
TENCENT ANNOUNCES 2022 FIRST QUARTER RESULTS
Hong Kong, May 18, 2022 – Tencent Holdings Limited (“Tencent” or the “Company”, 00700.HK), a leading
provider of Internet value added services in China, today announced the unaudited consolidated results for
the first quarter (“1Q2022”) ended March 31, 2022.
1Q2022 Key Highlights
Revenues: stable YoY, non-IFRS1 profit attributable to equity holders of the Company: -23% YoY
Total revenues were RMB135.5 billion (USD21.3 billion2), stable over the first quarter of 2021 (“YoY”).
? On a non-IFRS basis, which is intended to reflect core earnings by excluding certain one-time and/or
non-cash items:
- Operating profit was RMB36.5 billion (USD5.8 billion), a decrease of 15% YoY. Operating margin
decreased to 27% from 32% last year.
- Profit for the period was RMB26.3 billion (USD4.1 billion), a decrease of 24% YoY. Net margin
decreased to 19% from 26% last year.
- Profit attributable to equity holders of the Company for the quarter was RMB25.5 billion
(USD4.0 billion), a decrease of 23% YoY.
- Basic earnings per share were RMB2.678. Diluted earnings per share were RMB2.620.
? On an IFRS basis:
- Operating profit was RMB37.2 billion (USD5.9 billion), a decrease of 34% YoY. Operating margin
decreased to 27% from 42% last year.
- Profit for the period was RMB23.7 billion (USD3.7 billion), a decrease of 52% YoY. Net margin
decreased to 18% from 36% last year.
- Profit attributable to equity holders of the Company for the quarter was RMB23.4 billion (USD3.7
billion), a decrease of 51% YoY.
- Basic earnings per share were RMB2.455. Diluted earnings per share were RMB2.404.
? Total cash were RMB304.1 billion (USD47.9 billion) at the end of the period.
Mr. Ma Huateng, Chairman and CEO of Tencent, said, "During the challenging first quarter of 2022, we
implemented cost control initiatives and rationalised certain non-core businesses, which would enable us to
achieve a more optimised cost structure going forward. We utilised tools such as Mini Programs, Tencent
Meeting, and WeCom to help enterprises and consumers weather the resurgence of COVID-19 in China, and
continued investing in strategic growth areas including enterprise software, Video Accounts and international
games. Looking forward, we will sharpen our focus and sustain our innovation through challenges and cycles,
and continue to create value for our users, partners, and soci