Tencent reports profit beat on games growth, touts AI 'benefits'

Core Insights - Tencent reported a profit attributable to shareholders of 53.23 billion yuan ($7.37 billion) in the third quarter, exceeding the LSEG estimate of 46.18 billion yuan [1] - The company's revenue for the third quarter was 167.19 billion yuan, slightly below the analyst forecast of 167.82 billion yuan [2] Group 1 - The profit growth was driven by increases in gaming, advertising, and cloud services [1] - Tencent is recognized as a leading player in the gaming industry and is the parent company of WeChat, a major social messaging app in China [1]