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5d ago

Tencent Reports 13% Q1 Revenue Growth as Gaming and Advertising Thrive

The Chinese tech giant's domestic and international gaming revenues surged, while marketing services saw robust growth, though net profit fell short of expectations.

The logo of Tencent is seen at Tencent office in Shanghai, China December 13, 2021. REUTERS/Aly Song/File Photo
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Overview

  • Tencent recorded 180.02 billion yuan in Q1 2025 revenue, a 13% year-on-year increase, surpassing market expectations.
  • Net profit rose 14% to 47.8 billion yuan but fell short of analysts' forecasted 52.2 billion yuan.
  • Domestic gaming revenue climbed 24% to 42.9 billion yuan, driven by popular titles like 'Honor of Kings' and 'Peacekeeper Elite.'
  • International gaming revenue grew 23% to 16.6 billion yuan, bolstered by games such as 'PUBG Mobile' and 'Brawl Stars.'
  • WeChat, with over 1.4 billion monthly active users, fueled a 20% increase in marketing services revenue to 31.9 billion yuan, driven by advertiser demand for video, search, and Mini Program products.