SHENZHEN - Chinese internet giant Tencent has reported year-on-year increases in revenue and net profit during the third quarter of 2024.

Tencent raked in some 167.2 billion yuan ($23.2 billion) in its total revenue during the third quarter, up 8 percent year-on-year, according to the company's financial results released on Wednesday.

Its operating profit rose 19 percent year-on-year to about 61.3 billion yuan during the same period.

During the period, Tencent's international market gaming revenue increased by 9 percent year-on-year to 14.5 billion yuan, setting a new quarterly revenue record and boosting the overall growth of Tencent's gaming segment, according to the company.

READ MORE: Tencent posts 47% year-on-year surge in third quarter’s net profit

Wednesday's report also shows that Tencent invested 17.9 billion yuan in research and development (R&D) during the third quarter, adding that the company has poured in more than 320.5 billion yuan in R&D since 2018.