Tencent's new game 'DnF Mobile' off to a blazing start, doubles ‘Honor of Kings’ sales in 1st month - report
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 24 2024
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Source: SeekingAlpha
- Sales Performance: Tencent's new game Dungeon & Fighter Mobile outperformed Honor of Kings in sales on iOS in China, doubling the latter's sales in the first month.
- Financial Success: Dungeon & Fighter Mobile generated around $270M in revenue within 30 days of its release, becoming the top-grossing game on Apple devices in China.
- Game Impact: The game is expected to provide a significant boost to Tencent's gaming portfolio and is seen as a key revenue generator like Honor of Kings.
- Regulatory Challenges: Tencent faced regulatory hurdles in launching the game in 2020 due to new rules on internet companies in China but received approval in February 2021.
- Recent Developments: Tencent removed Dungeon & Fighter Mobile from certain Android app stores due to expired contracts and delays related to curbing addiction among minors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
