Benjamin Joffe of Plus Eight Star, an Internet and mobile consulting firm, looks at the 2007 results of Tencent, the company that operates QQ, China’s most website / instant messaging / gaming platform.
QQ announces 2007 earnings | Facebook should look carefully
QQ’s 2007 figures:
* Active accounts: 300 million
o This is 50% more than the number of Internet users in China (many have multiple accounts)
o This is about the size of the US population
* Revenues: 523 million USD
o This is close to 4x Facebook, at 150 million USD
o This is real money from IM/SNS. Something even serious companies like The Economist who just wrote an article titled “Everywhere and nowhere” seem to not believe is possible. We hope they will look outside of Silicon Valley next time.
* Operating profit: 224 million USD
o Facebook recorded a 50 million loss last year. How sad.
Though this should already be enough to raise a bit of interest, the most interesting is the split of revenues:
* Internet services (digital goods, games…): 344 million USD (66%)
* Mobile services: 110 million USD (21%)
* Online ads: 67 million USD (13%)