Zheng Quan Shi Bao·2025-11-14 00:33Core Insights - Tencent Holdings reported a revenue of 192.87 billion yuan for Q3, a 15% year-on-year increase, and a net profit of 63.13 billion yuan, up 19% year-on-year [1] - The company emphasized the role of AI in enhancing various business operations and increased marketing expenditures [1] - Tencent's gross profit for Q3 reached 108.80 billion yuan, a 22% increase year-on-year, with a gross margin improvement from 53% to 56% [1] Financial Performance - For the first nine months of the year, Tencent's total revenue was 557.39 billion yuan, a 14% increase year-on-year, and net profit was 166.58 billion yuan, up 17% year-on-year [1] - Basic earnings per share for the first nine months were 18.32 yuan, reflecting a 19% year-on-year growth [1] Business Segments - Value-added services generated 95.86 billion yuan in revenue, a 16% increase, accounting for 50% of total revenue [2] - Marketing services revenue was 36.24 billion yuan, up 21%, driven by increased user engagement and AI-driven advertising technologies [2] - Financial technology and enterprise services revenue reached 58.17 billion yuan, a 10% increase, supported by growth in commercial payment activities and cloud services [2] User Metrics - As of September 30, 2025, the combined monthly active accounts for WeChat and WeChat reached 1.414 billion, a 2% year-on-year increase [3] - QQ mobile terminal monthly active accounts were 517 million, down 8% year-on-year [3] - The number of paid value-added service subscribers remained stable at 265 million [3] R&D Investments - Tencent increased its R&D spending to 22.82 billion yuan in Q3, a 28% year-on-year increase, primarily focused on AI-related research [3] - General and administrative expenses for Q3 were 34.26 billion yuan, an 18% increase year-on-year [3]