US EditionChinese tech giant Tencent's quarterly revenue jumps 15% on AI investments, gaming unit boost
- Tencent reported a 15% increase in revenue for Q2, reaching 184.5 billion yuan , surpassing analyst estimates of 178.5 billion yuan according to LSEG data.
- Domestic gaming revenue rose 17% to 40.4 billion yuan, driven by success from titles like Honor of Kings and Delta Force.
- Net profit for Tencent increased 11% to 63.1 billion yuan , exceeding analyst expectations, according to financial results released by the firm.
- CEO Ma Huateng stated that Tencent is focusing on AI use in advertising, games, and enhancing Weixin, indicating ongoing investment in technology.
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China’s Tencent beats Q2 revenue forecasts as gaming, AI fuel growth
BEIJING ― Tencent reported second-quarter (Q2) revenue growth of 15 percent on Wednesday, driven by robust gaming performance and deployment of artificial intelligence (AI) across services and platforms including WeChat.
·Manila, Philippines
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Total News Sources13
Leaning Left2Leaning Right3Center1Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 33%
C 17%
R 50%
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