TENCENT(HK:00700) news flash·2025-05-15 01:22Core Insights - Tencent's revenue growth accelerated to 13% in the first quarter, driven by strong performance in domestic and international gaming as well as online advertising [1] - Citi raised Tencent's target price to HKD 695 and maintained a buy rating, indicating confidence in the company's growth prospects [1] - Analyst Alicia Yap highlighted Tencent's robust development strategy, focusing on sustaining long-term growth in gaming and cultivating consistent small ad spending from advertisers [1] Revenue Performance - Tencent's revenue growth of 13% reflects a significant increase compared to previous periods, showcasing the effectiveness of its business strategies [1] - The strong performance in both gaming and online advertising sectors contributed to this growth, indicating a diversified revenue stream [1] Strategic Outlook - The company appears to have established a solid strategy for operating evergreen gaming titles and fostering ongoing advertising investments [1] - Despite potential narrowing of profit and revenue growth rates due to AI investments, negative operating leverage is not expected [1]