Principal Activities
Principally engaged in the provision of Value-added Services (“VAS”), Online Advertising services and FinTech and Business Services.
Latest Results
The Group's profit attributable to shareholders for the 3 months ended 31-03-2026 amounted to RMB 58.09 billion, an increase of 21.5% compared with previous corresponding period. Basic earnings per share was RMB 6.4312. No dividend was declared. Turnover amounted to RMB 196.46 billion, an increase of 9.1% over the same period last year, gross profit margin up 0.8% to 56.6%. (Announcement Date: 13 May 2026)
Business Review - For the year ended December 31, 2025
We sustained healthy growth rates in 2025, as AI capabilities improved our ad targeting and supported more engagement with our games, and as our cloud business delivered improving revenue growth and profit at scale. Our highly resilient and cash-generative core businesses provide us with the resources to fund our increasing investments in AI, including recruiting top-tier AI talent and upgrading our AI infrastructure. The increasing intelligence of our HY 3.0 large language model, and the utility of our AI products such as Yuanbao, WorkBuddy, and QClaw, are encouraging early signs that these investments will unlock new opportunities. People enjoy consuming and being entertained, and derive satisfaction from creating and being productive, and it is Tencent’s privilege to provide AI services that can enhance our users’capabilities across these dimensions.
Below are some highlights from our key products and services for 2025:•We expanded our evergreen games1 portfolio with the breakout success of Delta Force, and reinforced our existing evergreen games, such as Honour of Kings and Peacekeeper Elite.•Our International Games revenue surpassed USD10 billion in the year, driven by the sustained growth of our evergreen games and rapid expansion of our content-driven games.•By deploying AI in games, we accelerated our content production, improved the user experience and enhanced our marketing efficiency.•We upgraded our adtech foundation model and introduced automated campaign solution AIM+, delivering above-industry revenue growth in Marketing Services, while our ad load remained at a much lower level than peers’.•Video Accounts’total user time spent increased over 20% year-on-year, benefitting from upgraded content recommendation algorithms and enriched content ecosystem.•We grew user engagement with Mini Shops, Mini Games and other content-related Mini Programs at rapid year-on-year rates, by strengthening Weixin’s commerce experience and content ecosystem.•Tencent Video maintained its leading position in China’s long-form video market with year-on-year growth in video subscribers. Tencent Music extended its leading position in China’s music streaming market with year-on-year growth in ARPU and subscribers.•Tencent Cloud achieved profit at scale due to increased enterprise demand for AI workloads, higher contributions from market-leading PaaS and SaaS products, and optimised supply chain.
•Through deepened cooperation with licensed financial institutions and prudent risk management, we sustained healthy revenue growth in FinTech.
•Leveraging our proprietary data and abundant use cases, our HY foundation models became industry leaders in multimodal capabilities including 3D, text-to-image and World modeling.
•We upgraded our team with top AI talent, built processes for improving foundation model intelligence in a systematic way, and deployed new AI capabilities in services including Yuanbao and Weixin.
Below are some highlights of our sustainability initiatives for 2025:•Our Giving for Good campaign promoted charity as part of everyday life, by leveraging
our social network, digital tools and offline partners, users engaged in over 530 million philanthropic acts.•Through our XPLORER PRIZE and New Cornerstone Investor Program, which aim at helping scientists to pursue original breakthroughs in fundamental research, we have supported over 430 outstanding scientists.•By improving energy efficiency, advancing our transition to green electricity and implementing supply chain decarbonisation initiatives, we are well on track to reach our carbon neutrality target by 2030.•Our efforts in sustainability development were recognised with inclusion in major ESG indices, improvements in ESG ratings such as an MSCI rating upgrade from BBB to A, and ESG awards.
Business Outlook - For the year ended December 31, 2025
We remain firmly committed to our core principle of“Value for Users, Tech for Good”and continue to deliver meaningful impact through technology. Looking ahead, we will continue to leverage AI on innovation and long-term value creation for a more sustainable future for all.
Source: Tencent Hold (00700) Annual Results Announcement