TechNode
On Wednesday, Tencent released its 2024 annual financial results, declaring 14 games to be “evergreen games” generating over four billion yuan ($550 million) annually with an average of five million daily active users per quarter or PC games exceeding two million daily active users. Why it matters: Tencent’s self-reported success at generating revenue from “evergreen [……
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Tencent’s evergreen games signal high player engagement but lack of new IPs
On Wednesday, Tencent released its 2024 annual financial results, declaring 14 games to be “evergreen games” generating over four billion yuan ($550 million) annually with an average of five million daily active users per quarter or PC games exceeding two million daily active users. Why it matters: Tencent’s self-reported success at generating revenue from “evergreen