Mei Ri Jing Ji Xin Wen·2025-05-14 09:14Core Insights - Tencent Holdings reported Q1 revenue of RMB 180.2 billion, a 13% year-on-year increase, surpassing the forecast of RMB 175.6 billion [1] - The company's net profit attributable to equity holders was RMB 47.82 billion, a 14% increase year-on-year, but below the forecast of RMB 51.69 billion [1] - Non-IFRS operating profit reached RMB 69.32 billion, reflecting an 18% year-on-year growth [1] Financial Performance - Free cash flow for Q1 2025 was RMB 47.1 billion, with net cash flow from operating activities at RMB 76.9 billion [3] - Capital expenditures amounted to RMB 23 billion, primarily supporting AI-related business development [3] - The company reported a 24% year-on-year increase in domestic game revenue to RMB 42.9 billion, driven by popular titles like "Honor of Kings" and "Peacekeeper Elite" [3] Business Segments - International game revenue reached RMB 16.6 billion, a 23% year-on-year increase, attributed to titles such as "Brawl Stars" and "PUBG Mobile" [3] - The marketing services segment saw a 20% year-on-year revenue growth to RMB 31.9 billion, driven by strong demand from advertisers and enhanced user engagement [4] - The company emphasized the substantial contributions of AI capabilities to its advertising and gaming businesses, with ongoing investments in AI opportunities [3]