700 Tencent delivered a strong Q3 with revenue up 15% and gaming up 23% thanks to major mobile hits and strong overseas performance, while net profit rose 19% and spending dropped after earlier AI investments; its “measured AI” strategy is boosting ads, gameplay, and cloud demand, and with huge cash reserves, rising marketing revenue, and new game launches ahead, the company is growing steadily without the heavy AI infrastructure costs seen in U.S. tech giants.
700 Tencent said to study deal for $ 15 billion game developer Nexon. Nexon has invested in Web3 projects including MapleStory Universe, Oasys, and CCP Games.
700 Tencent posted a record quarter, with revenue up 13% Y/Y to 180B yuan ($25B)—its fastest growth since 2021—driven by a 24% surge in gaming and a 20% rise in AI-driven ad revenue. Flagship games like Honor of Kings, Peacekeeper Elite, and DnF Mobile underpinned the performance. WeChat’s 1.4B MAUs continued to support monetization across video, search, and mini-programs. Net income rose 14% to $6.6B, slightly below expectations due to elevated AI-related spending.
Capex nearly doubled to $3.8B as Tencent scaled its Hunyuan foundation model, Yuanbao chatbot, and GPU reserves amid U.S. chip export controls. With integrations like DeepSeek and a growing AI ecosystem, Tencent is positioning itself as a core AI force in China. Analysts highlighted its high-margin ad business, strong chip inventory, and expanding operating leverage. Despite macro and trade headwinds, shares are up ~25% YTD, reinforcing Tencent’s leadership in China’s AI-driven tech resurgence.
700 Tencent delivered a strong Q3 with revenue up 15% and gaming up 23% thanks to major mobile hits and strong overseas performance, while net profit rose 19% and spending dropped after earlier AI investments; its “measured AI” strategy is boosting ads, gameplay, and cloud demand, and with huge cash reserves, rising marketing revenue, and new game launches ahead, the company is growing steadily without the heavy AI infrastructure costs seen in U.S. tech giants.
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