Tencent Holdings Ltd posted a quarterly profit that exceeded estimates, bolstered by mobile game blockbusters like PlayerUnknown’s Battlegrounds as users on China’s most popular social network surpassed a billion for the first time. 

Tencent posted a 61% jump in net income to 23.3bil yuan (RM14.48bil) in the three months ended March, outstripping the 17.4bil yuan (RM10.81bil) average projection. That was buoyed by a one-time gain of almost 7.6bil yuan (RM4.72bil) as the value of investments in arenas from video streaming to news content rose.