Ge Long Hui·2025-11-16 03:49Group 1 - The company reported a revenue of 192.9 billion yuan for Q3 2025, a year-on-year increase of 15.4%, exceeding Bloomberg's consensus estimate by 2.15% [1] - Gross margin was 56.4%, surpassing Bloomberg's consensus estimate by 0.19 percentage points [1] - Non-IFRS net profit attributable to the parent company reached 70.55 billion yuan, a year-on-year increase of 18.0%, exceeding Bloomberg's consensus estimate by 6.9% [1] Group 2 - Game revenue totaled 63.6 billion yuan, a year-on-year increase of 22.8%, exceeding Bloomberg's consensus estimate by 5.2% [1] - Domestic market revenue was 42.8 billion yuan, a year-on-year increase of 14.8%, surpassing Bloomberg's consensus estimate by 1.3% [1] - International market revenue grew by 43.4% year-on-year to 20.8 billion yuan, exceeding Bloomberg's consensus estimate by 14.8% [1] Group 3 - Advertising revenue reached 36.24 billion yuan, a year-on-year increase of 20.8%, exceeding Bloomberg's consensus estimate by 1.8% [2] - Gross margin for advertising was 56.7%, surpassing Bloomberg's consensus estimate by 0.5 percentage points [2] - The gross margin for financial technology and enterprise services was 50.2%, below Bloomberg's consensus estimate by 1.4 percentage points [2] Group 4 - The company expects Non-IFRS net profit to grow by 17.0%, 11.9%, and 10.3% for 2025-2027, reaching 260.6 billion yuan, 291.5 billion yuan, and 321.5 billion yuan respectively [2] - The current stock price corresponds to PE ratios of 21.0X, 18.8X, and 17.0X for 2025-2027 [2]