TENCENT(HK:00700) Shen Zhen Shang Bao·2025-08-13 17:00Financial Performance - Tencent reported Q2 revenue of 184.5 billion RMB, a 15% year-on-year increase, and operating profit (Non-IFRS) of 69.25 billion RMB, up 18% year-on-year [2] - The company's value-added services revenue grew 16% year-on-year to 91.4 billion RMB, accounting for 49% of total revenue [2] - Marketing services revenue increased by 20% year-on-year to 35.8 billion RMB, driven by improvements in AI-driven advertising platforms [3] Business Segments - Domestic gaming revenue reached 40.4 billion RMB, a 17% increase, supported by new releases and established titles [2] - International gaming revenue grew 35% year-on-year to 18.8 billion RMB, benefiting from games under Supercell and new releases [2] - Financial technology and enterprise services revenue rose 10% year-on-year to 55.5 billion RMB, with growth in consumer loans and AI-related services [3] AI Strategy and Investments - Tencent's R&D expenditure increased by 17% year-on-year to 20.25 billion RMB, while capital expenditure surged 119% to 19.11 billion RMB [3] - The company has focused on enhancing data quality and diversity through AI technologies, leading to improvements in its foundational model capabilities [4] - Tencent's AI applications are accelerating, with significant advancements in the "Hunyuan" model family, particularly the Hunyuan 3D model [4] User Engagement - The combined monthly active users of WeChat and WeChat reached 1.411 billion, indicating strong user engagement [3] - The WeChat ecosystem has been revitalized by the "Xinya" business, particularly through WeChat Mini Stores [3] Tencent Music Performance - Tencent Music reported Q2 revenue of 8.44 billion RMB, a 17.9% year-on-year increase, and adjusted net profit of 2.64 billion RMB, up 33% [4]