Tencent sees Q2 revenue dip due to “post-pandemic digestion period”

Chinese giant Tencent released its financial earnings for the period ending on June 30, reporting declines in revenue among its international and domestic game divisions.

The firm explained its international games revenue decline by saying the entire industry “experienced a post-pandemic digestion period” as players started to resume outdoor and offline pursuits.

While its titles PUBG Mobile and Brawl Stars saw decreases in their earnings, Valorant grew revenues and posted a record-high for monthly active users during the quarter.

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