智通财经网·2025-05-15 00:02Core Viewpoint - Tencent Holdings reported strong Q1 2025 results, exceeding expectations with revenue of 1800.22 billion RMB, a 13% year-on-year increase, and net profit of 478.21 billion RMB, up 14% [1] Group 1: Financial Performance - Revenue for Q1 2025 reached 1800.22 billion RMB, with a year-on-year growth of 13% [1] - Net profit was 478.21 billion RMB, reflecting a 14% increase compared to the previous year [1] - Adjusted net profit stood at 613.29 billion RMB, marking a 22% year-on-year growth [1] - Earnings per share were 5.252 RMB, up 17% year-on-year, while non-IFRS earnings per share increased by 25% to 6.735 RMB [1] Group 2: Business Segments - Value-added services revenue grew by 17% to 921 billion RMB, driven by domestic game revenue of 429 billion RMB, which increased by 24% year-on-year [2] - International game revenue reached 166 billion RMB, a 23% increase year-on-year, attributed to popular titles [2] - Social network revenue rose by 7% to 326 billion RMB, supported by mobile game virtual goods sales and music subscription services [2] - Marketing services revenue increased by 20% to 319 billion RMB, fueled by strong demand for advertising on various platforms [2] - Financial technology and enterprise services revenue grew by 5% to 549 billion RMB, with growth in consumer loans and cloud services [2] Group 3: AI Strategy and Future Outlook - Tencent's management highlighted the positive impact of AI on advertising precision, user engagement, and cloud revenue [3] - Increased investment in AI is expected to enhance advertising effectiveness and user interaction [3] - The company aims to expand user retention and engagement through AI-driven features in its services [3] - Goldman Sachs projects Tencent's revenue to grow by 10% and earnings per share by 14% in 2025, supported by its unique ecosystem and diversified revenue streams [4]