TENCENT(HK:00700) Sou Hu Cai Jing·2025-08-13 10:01Core Insights - Tencent Holdings reported Q2 revenue of 184.5 billion yuan, a year-on-year increase of 15% [1] - Non-IFRS operating profit reached 69.25 billion yuan, reflecting an 18% year-on-year growth [1] Revenue Breakdown - Value-added services revenue grew by 16% year-on-year to 91.37 billion yuan [1] - Gaming segment revenue increased by 22%, with international gaming market revenue rising by 35% to 18.8 billion yuan, marking a record high for four consecutive quarters [1] - Marketing services revenue surged by 20% year-on-year to 35.76 billion yuan, driven by advancements in large model technology and increased activity in the WeChat ecosystem [1] - Financial technology and enterprise services saw a 10% year-on-year revenue growth, totaling 55.54 billion yuan [1] Investment in AI - Tencent significantly increased its investment in AI strategy, with R&D spending rising by 17% year-on-year to 20.25 billion yuan [1] - Capital expenditures surged by 119% year-on-year to 19.11 billion yuan [1]