Ge Long Hui·2025-08-14 18:41Group 1 - The core viewpoint highlights that the company has exceeded revenue and profit expectations, driven by strong advertising performance and deepening AI strategies [1] - The company has adjusted its revenue forecasts for 2025-2027 to 733.8 billion, 797.3 billion, and 871.3 billion yuan, respectively, with Non-IFRS net profits projected at 255.3 billion, 282.5 billion, and 314.3 billion yuan [1] - The company achieved a revenue of 184.5 billion yuan in Q2 2025, representing a year-on-year increase of 14.5%, with adjusted operating profit of 69.2 billion yuan, up 18.5% year-on-year [1] Group 2 - The international gaming performance is strong, with value-added services revenue reaching 91.4 billion yuan in Q2 2025, a year-on-year increase of 15.9% [2] - Domestic and overseas game revenues were 40.4 billion yuan and 18.8 billion yuan, respectively, showing year-on-year growth of 16.8% and 35.3% [2] - New games like "Delta Action" have achieved over 20 million daily active users, while existing games are evolving towards platformization with increased AI applications [2] Group 3 - AI is driving advertising and platform functionality upgrades, with marketing services revenue reaching 35.8 billion yuan in Q2 2025, a year-on-year increase of 19.7% [3] - The growth in marketing services is attributed to improvements in AI-driven advertising platforms and increased demand from advertisers for services on platforms like WeChat [3] - The company’s enterprise services revenue grew to 55.5 billion yuan, up 10.1% year-on-year, benefiting from increased demand for consumer loan services and commercial payment activities [3]