"The Shenzhen-based tech giant reported a net profit attributable to shareholders of 63.1 billion yuan ($8.9 billion) for the three months ended Sept. 30, according to an earnings statement released Thursday after market close. Revenue climbed 15% year-on-year to 192.9 billion yuan, while non-IFRS net profit rose 18% to 70.6 billion yuan. The results underscore Tencent's continued efforts to diversify its revenue streams beyond its home gaming market. International game sales surged, and online advertising revenue remained resilient."
"The results underscore Tencent's continued efforts to diversify its revenue streams beyond its home gaming market. International game sales surged, and online advertising revenue remained resilient - both areas increasingly enhanced by artificial intelligence. Tencent said its investments in AI are delivering real-world returns by improving ad targeting and boosting efficiency, helping to solidify its competitive edge in the tech sector."
Tencent posted a net profit attributable to shareholders of 63.1 billion yuan for the third quarter, a 19% year-on-year increase. Revenue climbed 15% year-on-year to 192.9 billion yuan, while non-IFRS net profit rose 18% to 70.6 billion yuan. Growth in international gaming sales and resilient online advertising offset slower momentum in the domestic market. Both international games and advertising are increasingly enhanced by artificial intelligence. Tencent's investments in AI are improving ad targeting and boosting efficiency, delivering real-world returns and strengthening its competitive edge in the tech sector.
Read at Caixinglobal
Unable to calculate read time
Collection
[
|
...
]