Tencent Q3 Profit Surges 19% on AI and Gaming Strength
Tencent Holdings Ltd. delivered a robust third-quarter performance, with net profit climbing 19% year-over-year to ¥63.1 billion ($8.7 billion), exceeding analyst estimates. The Chinese tech giant's revenue grew 15% to ¥192.87 billion, fueled by strong demand for gaming and AI-powered services.
Domestic gaming revenue ROSE 15% behind hits like 'Delta Force' and 'Valorant Mobile,' while international gaming revenue jumped 43% to ¥20.8 billion. Tencent's strategic investments in artificial intelligence, including its proprietary large language model, are yielding tangible results across its business segments.
The company's value-added services division, encompassing gaming, social media, and marketing, generated ¥95.9 billion in revenue, marking 16% annual growth. Tencent's earnings beat comes amid accelerating adoption of AI solutions in China's tech sector.
