Nov 10, 2021 04:58 PM (GMT+8) · EqualOcean
Financial Associated Press, Nov. 10 - according to the third quarter financial report of Tencent holdings, the revenue of online advertising business in the third quarter of 2021 increased by 5% year-on-year to RMB 22.5 billion. The steady demand from advertisers of essential consumer goods and Internet services, as well as the advertising revenue contribution of merging easy cars, still promoted the growth of advertising revenue. Social and other advertising revenue increased by 7% to 19 billion yuan. Media advertising revenue decreased by 4% to RMB 3.5 billion, mainly due to the decrease in advertising revenue of Tencent News application.