Tencent reported strong Q3 2025 results, with 15% year-on-year revenue growth, driven by AI-powered initiatives, gaming, and cloud services.
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Revenue: 192.9 billion yuan ($27.12B), above the 189.2B yuan expected.
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Operating Profit: 63.6 billion yuan, surpassing the 58.01B yuan consensus.
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Core Business: Gaming, marketing, and social media revenue grew 16% YoY to 95.9B yuan.
Gaming highlights:
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Domestic gaming rose 15%, led by Delta Force and VALORANT MOBILE, the latter being China’s top mobile launch of 2025.
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International gaming surged 43% YoY to 20.8B yuan, fueled by Clash Royale, Dying Light: The Beast, Supercell titles, and a strategic acquisition.
Tencent’s AI investments enhanced ad targeting, game engagement, coding, and content production. Its foundational AI model, HunYuan, was updated to improve coding, math, and science capabilities, while DeepSeek supports some products.
Financial Services: Tencent’s financial and business services grew 10% YoY to 58.2B yuan, driven by commercial payments, consumer loans, and the launch of TenPay Global Checkout for cross-border payments.
The Shenzhen-based tech giant saw a slowdown in capital expenditures to 13B yuan in Q3, reflecting investment in IT infrastructure. CEO Ma Huateng emphasized that strategic AI investments continue to enhance growth and efficiency across Tencent’s ecosystem.
Tencent shares have jumped 56.7% year-to-date, reflecting optimism about its AI and gaming-driven expansion.
