持续加码AI！腾讯，最新公布

Core Insights - Tencent is significantly increasing its investment in AI, with a focus on enhancing product experience and generating high-quality revenue streams [1][2][3] Financial Performance - In Q1 2025, Tencent reported revenue of 1800.2 billion yuan, a year-on-year increase of 13% - Gross profit reached 1004.9 billion yuan, up 20% year-on-year - Operating profit (Non-IFRS) was 693.2 billion yuan, reflecting an 18% year-on-year growth - The growth rates of gross profit and operating profit have consistently outpaced revenue growth for ten consecutive quarters, indicating improved profitability [1] Revenue Breakdown - Marketing services revenue grew by 20% year-on-year to 318.5 billion yuan, driven by AI technology upgrades and enhancements in the WeChat transaction ecosystem - Value-added services revenue increased by 17% to 921.3 billion yuan, with the gaming segment seeing a 24% rise, supported by the "Evergreen Strategy" and AI optimizations in user experience - Financial technology and enterprise services revenue rose by 5% to 549.1 billion yuan, with notable growth in enterprise services and AI-related income [1] AI Strategy and Investments - Tencent's R&D expenditure reached 189.1 billion yuan, a 21% increase year-on-year, while capital expenditure was 274.8 billion yuan, marking a 91% year-on-year increase - The company is focusing on AI capabilities across its core products, enhancing user experiences and integrating AI into various applications [1][2] - Tencent's mixed Yuan model continues to evolve, with new models achieving significant improvements in international benchmark tests and advancements in generative AI [2] Future Outlook - The CEO emphasized that the high-quality revenue growth provides a solid foundation for long-term AI investments, which are expected to create substantial value for users and society [2] - Tencent plans to further increase its capital expenditures in 2025, with a focus on acquiring more GPUs to meet inference demands [3]