Tencent Reports 47% Profit Surge Driven by Gaming Success
The Chinese tech giant's Q3 financial results exceed expectations, with robust growth in both domestic and international gaming markets.
- Tencent's net profit for the third quarter rose to 53.2 billion yuan, marking a 47% increase year-over-year.
- The company's revenue reached 167.2 billion yuan, up 8% from the previous year, driven by strong performance in its gaming segment.
- Domestic gaming revenue grew by 14%, supported by popular titles like Honor of Kings and Peacekeeper Elite.
- International gaming revenue increased by 9%, with significant contributions from games such as PUBG Mobile and Brawl Stars.
- Tencent's AI tools and marketing services also contributed to its financial success, with plans to continue investing in AI technology.