"Tencent registered double-digit profit and revenue growth in Q3, fuelled by an increase in gaming and continued gains in online advertising, as it insisted its compute resources can keep its AI offering competitive. In its earnings call, president Martin Lau stated its GPU resources are "sufficient for internal use", with improvements in its Hunyuan model and resources ongoing. "Tencent is not behind in AI capabilities, with continuous enhancements expected to maintain competitiveness," the executive added."
"Net profit in the quarter grew 18 per cent year-on-year to CNY70.6 billion ($9.9 billion), with revenue increasing 15 per cent to CNY192.9 billion. International games revenue surged 43 per cent to CNY20.8 billion, while domestic games rose 15 per cent to CNY42.8 billion. Social networks revenue was up 5 per cent to CNY32.3 billion. All three are part of Tencent's value-added services unit, which grew 16 per cent to CNY95.9 billion."
Tencent registered double-digit profit and revenue growth in Q3, with net profit up 18% to CNY70.6 billion and revenue rising 15% to CNY192.9 billion. International games revenue surged 43% to CNY20.8 billion and domestic games increased 15% to CNY42.8 billion, contributing to a 16% rise in value-added services to CNY95.9 billion. Marketing services climbed 21% and fintech and business services rose 10% to CNY58.2 billion despite GPU supply constraints that are slowing cloud growth. Combined WeChat and Weixin MAUs reached 1.4 billion while QQ MAUs fell to 517 million. R&D expenses increased 28% to CNY22.8 billion and capex rose 24% to CNY15 billion, with ongoing investment in the Hunyuan AI framework and compute resources.
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