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Tencent released last night2022yearQ1Quarterly earnings, the company’s first-quarter revenue1355100 million yuan, flat year-on-year,net profit234.1100 million yuan, a year-on-year decrease51%,month-on-month decline75%,Non-IFRSAdjusted net profit255.45100 million yuan, a year-on-year decreasetwenty three%for three consecutive quarters of negative growth.

Among Tencent’s main businesses, game revenue reached436100 million yuan, flat year-on-year, up month-on-month1.9%but the domestic game market revenue330100 million yuan, a year-on-year decrease1%.

The company’s online advertising business revenue declines16%to180billion.Among them, social and other advertising revenue declined15%to157100 million yuan, media advertising revenue declined27%totwenty threebillion.

Tencent said that the recovery of the company’s advertising business is uncertain, depending on the development of the epidemic,Companies are exiting the lower-margin business services segment.

againstQ1In the quarterly results, Tencent founder Ma Huateng said that Tencent “implemented cost control measures and adjusted some non-core businesses, which will help us achieve a more optimized cost structure in the future.”

Later, Tencent executives said that the more personnel, the higher the cost, so structural changes are needed to focus on more profitable businesses.

With the current structural changes in the industry, companies may optimize personnel, but temporary factors such as the epidemic will not be the reason for optimization.

According to Tencent’s financial report, as of2022year3moon31day, Tencent owns116213employees with a total compensation of292.29100 million yuan, according to this calculation, the average Tencent employee received25.1million,That is, the average monthly salary is8.37million.

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