Jin Rong Jie·2025-05-14 09:09Group 1 - Tencent Holdings reported revenue of approximately 1800.22 billion RMB for the three months ending March 31, 2025, representing a year-on-year growth of 13% [1] - The company's profit attributable to equity holders was 478.21 billion RMB, a year-on-year increase of 14%, while non-IFRS profit attributable to equity holders was 613.39 billion RMB, up 22% year-on-year [1] - The gross profit for the group was 1004.93 billion RMB, reflecting a 20% year-on-year growth, driven by high-margin revenue sources and improved cost efficiency in payment and cloud services [1] Group 2 - The revenue from value-added services was 921 billion RMB, showing a year-on-year growth of 17%, with domestic game revenue increasing by 24% to 429 billion RMB [1] - International game revenue reached 166 billion RMB, marking a 23% year-on-year increase (22% growth at constant exchange rates) [1] - Social network revenue grew by 7% to 326 billion RMB, supported by sales of mobile game virtual items, music subscription revenue, and mini-game platform service fees [1] Group 3 - Marketing services revenue was 319 billion RMB, up 20% year-on-year, driven by strong demand from advertisers for video accounts, mini-programs, and WeChat search ads [2] - The growth in marketing services was attributed to increased user engagement, ongoing AI upgrades of the advertising platform, and optimization of the WeChat transaction ecosystem [2] - Financial technology and enterprise services revenue reached 549 billion RMB, reflecting a 5% year-on-year growth, with increases in consumer loan services and wealth management services [2]