Chang Jiang Shang Bao·2025-11-16 23:39Core Insights - Tencent Holdings reported a record high revenue of 192.87 billion yuan for Q3 2025, marking a 15% year-on-year increase, with net profit attributable to shareholders reaching 63.13 billion yuan, up 19% [2][3] - The company’s total compensation cost for Q3 2025 was 32.4 billion yuan, with an average monthly salary per employee of 93,900 yuan, reflecting a 3.6% increase from the previous year [8][9] Revenue Breakdown - Tencent's domestic gaming revenue reached 42.8 billion yuan in Q3 2025, a 15% increase, driven by new game releases and growth from established titles [4] - International gaming revenue surged to 20.8 billion yuan, a 43% increase, attributed to the performance of Supercell games and new PC and console game releases [4] - Social network revenue grew by 5% to 32.3 billion yuan, supported by video live streaming and music subscription services [4] - Marketing services revenue increased by 21% to 36.2 billion yuan, driven by higher ad exposure and improved user engagement [4] - Financial technology and enterprise services revenue rose by 10% to 58.2 billion yuan, benefiting from increased commercial payment activities and cloud service demand [5] Profitability Metrics - Gross profit for Q3 2025 increased by 22% to 108.8 billion yuan, with the gross margin improving from 53% to 56% [5] - The company maintained strong cash flow, with net cash of 102.4 billion yuan as of the end of Q3 2025, up from 74.6 billion yuan at the end of H1 2025 [6] Employee Compensation - Tencent's workforce grew to 115,000 employees by the end of Q3 2025, up from 108,800 a year earlier [7] - The average annual salary per employee exceeded 1 million yuan, reflecting the company's competitive compensation strategy [9]