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Tencent Reports 90% Surge in Profit for Q4, Driven by Strong Gaming and AI


Photo by FMT
Photo by FMT

Summary


  • Tencent's fourth-quarter profit surged by 90%, reaching US$7.1 billion, driven by strong performance in gaming and AI advancements.

  • The company’s revenue grew by 11% to 172.4 billion yuan, exceeding analyst expectations.

  • For the full year, Tencent's profit rose by 68%, with revenue growing by 8%.


 

Tencent Holdings, the Chinese technology giant, reported a remarkable 90% increase in its fourth-quarter profit, driven by robust growth in its video gaming business and advancements in artificial intelligence (AI). The company’s quarterly profit reached 51.3 billion yuan (US$7.1 billion), surpassing analyst expectations of 43.9 billion yuan, signaling the company’s strong market position despite external challenges.

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