Ge Long Hui·2025-11-13 08:45Core Insights - Tencent Holdings reported a revenue of RMB 192.87 billion for Q3 2025, representing a 15% year-on-year growth [1] - Gross profit reached RMB 108.80 billion, up 22% year-on-year [1] - Net profit attributable to equity holders was RMB 63.13 billion, a 19% increase year-on-year, with basic earnings per share at RMB 6.95 [1] Revenue Breakdown - Value-added services revenue grew 16% year-on-year to RMB 95.90 billion, driven by new game releases and growth in established titles [2] - Domestic game revenue was RMB 42.80 billion, up 15% year-on-year, supported by recent game launches and expansions [2] - International game revenue surged 43% year-on-year to RMB 20.80 billion, aided by Supercell's game performance and new studio contributions [2] - Social network revenue increased 5% to RMB 32.30 billion, benefiting from live streaming and music subscription services [2] Marketing and Financial Services - Marketing services revenue rose 21% year-on-year to RMB 36.20 billion, attributed to increased ad exposure and AI-driven ad targeting [2] - Financial technology and enterprise services revenue grew 10% to RMB 58.20 billion, with commercial payment and consumer loan services contributing to growth [3] - Enterprise services saw a significant increase due to cloud service demand and expanded merchant service fees from WeChat [3] Strategic Developments - The company achieved solid revenue and profit growth, reflecting healthy trends across gaming, marketing services, and financial technology [3] - Strategic investments in AI are enhancing advertising precision and user engagement in gaming, while also improving efficiency in programming and video production [3] - The company is advancing its mixed Yuan foundational model, with its image and 3D generation capabilities being industry-leading [3]