智通财经网·2025-11-13 08:56Core Insights - Tencent Holdings Limited reported solid revenue and profit growth for the third quarter of 2025, driven by healthy trends in gaming, marketing services, fintech, and enterprise services [1] - The company's strategic investments in AI have enhanced advertising precision and user engagement in gaming, leading to efficiency improvements in programming, gaming, and video production [1] Financial Summary - Total revenue reached RMB 192.9 billion, a year-on-year increase of 15% [1] - Gross profit was RMB 108.8 billion, reflecting a 22% year-on-year growth [1] - Operating profit, excluding certain one-time and/or non-cash items, was RMB 72.6 billion, up 18% year-on-year, with an operating margin increase from 37% to 38% [1] Earnings Performance - Net profit for the period was RMB 72.8 billion, representing a 19% year-on-year increase [2] - Profit attributable to equity holders was RMB 70.6 billion, an 18% increase year-on-year [3] - Basic earnings per share were RMB 7.769, while diluted earnings per share were RMB 7.575 [4] Capital Expenditure and Cash Flow - Capital expenditure amounted to RMB 13 billion, a decrease of 24% year-on-year [9] - Free cash flow remained stable at RMB 58.5 billion [9] - Total cash increased by 16% year-on-year to RMB 493.3 billion, with net cash rising by 7% to RMB 102.4 billion [9] Business Segment Performance - Value-added services revenue grew by 16% year-on-year to RMB 95.9 billion, with domestic gaming revenue at RMB 42.8 billion, up 15% [11] - International gaming revenue surged by 43% year-on-year to RMB 20.8 billion, driven by growth from Supercell games and new releases [12] - Marketing services revenue increased by 21% to RMB 36.2 billion, benefiting from higher ad exposure and AI-driven ad targeting [12] - Fintech and enterprise services revenue rose by 10% to RMB 58.2 billion, supported by growth in commercial payment activities and cloud services [12] User Engagement Metrics - The combined monthly active accounts for WeChat and QQ reached 1.414 billion, a 2% year-on-year increase [13] - The number of paid value-added service subscribers remained stable at 26.5 million [13] Strategic Initiatives and Future Outlook - The company is enhancing the WeChat ecosystem to drive transaction growth and improve product recommendation capabilities [14] - Tencent's AI capabilities have been expanded, leading to positive outcomes in user services and broader usage of its virtual currency [15] - The company launched the Tencent Advertising AIM+ product matrix to optimize ad targeting and improve marketing ROI for advertisers [15]