Tencent Holdings Ltd. posted first-quarter profit that blew past analysts’ estimates, bolstered by mobile game blockbusters like PlayerUnknown’s Battlegrounds.

Net income climbed 61 percent to 23.3 billion yuan ($3.7 billion) in the three months ended March, the Shenzhen-based company said on Wednesday. That compares with the 17.4 billion-yuan average of estimates compiled by Bloomberg. Adjusted earnings- per-share were 1.92 yuan, compared with the 1.94 yuan average of 14 analysts compiled by Bloomberg.

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