- Tencent’s Q2 profits surge 82%
- Gaming revival fuels growth
- AI investments signal future ambitions
Game On
Tencent Holdings reported an impressive 82% surge in second-quarter profits, reaching 47.6 billion yuan (US$6.6 billion). This performance outpaced analyst expectations, driven by a robust revival in video gaming revenue and improved advertising results.
The tech giant’s total revenue climbed 8% year-on-year to 161.1 billion yuan.
Mobile Marvels
Video gaming sales, Tencent’s traditional stronghold, saw a 9% growth in both domestic and international markets.
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The May release of “Dungeon & Fighter Mobile” proved to be a game-changer, becoming an instant hit in China and contributing significantly to the company’s revenue stream.
AI and Short Video Horizons
Looking ahead, Tencent is not resting on its laurels. CEO Pony Ma Huateng emphasized the company’s continued investment in platforms and technologies, particularly artificial intelligence.
Tencent is also exploring new revenue avenues through AI integration and short-form video content on its super app WeChat, aiming to diversify its already formidable digital ecosystem.
