League of Legends parent company Tencent makes $1 billion in profit last quarter

Surprise! The company that owns League of Legends, half of the developer that makes the Unreal Engine, and a portion of Call of Duty publisher Activision is making a lot of money.

The Chinese investment and online-gaming giant Tencent reported the results of its fiscal first quarter today. The company generated $2.99 billion in revenue from all of its products. That is up 36 percent year-over-year. More than a third of that cash, $1.05 billion, is profit, which is up 60 percent over the same period in 2013. Tencent also owns League of Legends developer Riot Games, nearly half of Unreal Tournament studio Epic, and a minority stake in Call of Duty publisher Activision.