""Our strategic investments in AI are benefiting us in areas such as ad targeting and game engagement, as well as in efficiency enhancement areas such as coding, and game and video production," Tencent CEO Ma Huateng said in a statement. Monthly average users of Tencent's Weixin domestic and WeChat international messaging apps rose 2% to 1.414 billion Revenue from gaming and social network services rose 16% to 95.9 billion yuan. Marketing services rose 21% to 36.2 billion yuan due to higher ad impressions and increased cost per thousand impressions. Fintech and business services revenue, which includes cloud services, rose 10% to 58.2 billion yuan."
"Tencent Holdings ( TCEHY) topped third-quarter earnings estimates as the Chinese gaming and social media giant's AI efforts fueled ad pricing growth, while Bilibili ( BILI), known as the YouTube of China, may be flashing an early entry opportunity after its earnings beat. E-commerce giant JD.com ( JD) also edged higher, though profit fell from sharply from a year ago amid investments in new businesses, including grocery delivery."
Tencent reported adjusted Q3 earnings of 7.58 yuan per share, beating estimates, with earnings up 21.6% and revenue rising 17.4% to 192.87 billion yuan. Monthly users of Weixin and WeChat rose 2% to 1.414 billion. Gaming and social network revenue grew, and marketing services increased due to higher ad impressions and pricing; fintech and cloud-related business services also expanded. Tencent credited AI investments for gains in ad targeting, game engagement, coding efficiency, and content production, and said it is upgrading the HunYan AI model while Yuanbao chatbot use grows. Tencent reached a deal with Apple on mini-game purchases. Bilibili posted Q3 adjusted EPS of $0.25 with $1.08 billion revenue, while JD.com's profit fell amid investments in new businesses including grocery delivery.
Read at Investor's Business Daily
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