Tencent grows mobile game revenues 60%, and makes $1.19 billion in profit

Today Tencent, the massive Chinese internet and game company that owns Riot Games (League of Legends) and has investments in Epic Games, Artillery, Glu Mobile, and Robot Entertainment, has reported its latest quarterly financial results, for the three-month period ending September 30, 2015.

The company saw massive profits of $1.19 billion -- a 34 percent increase as compared to the same period a year ago. Its revenues increased by the same percentage, to $4.18 billion.

The company's overall online game revenue grew 27 percent year-on-year -- but revenue from smartphone games specifically grew 60 percent in the same period.

Of all public companies, Tencent makes the most revenue in the world from video games, according to analyst firm Newzoo.