本文转载自九派新闻 国际市场游戏收入为人民币774亿元，同比增长33%（按固定汇率计算为32%），得益于Supercell旗下游 戏及《PUBG MOBILE》的收入增长，以及《鸣潮》的增量收入贡献。社交网络收入同比增长5%至人民 币1277亿元，乃由于视频号直播服务收入、音乐付费会员收入及手机游戏应用的虚拟道具销售的增长。 截至2025年12月31日，腾讯集团共有员工115849名，较2024年的110558名增加超过5000人。腾讯2025年 度的总薪酬成本达到人民币1307亿元，相较于2024年的1128亿元，同比增长约15.9%。按此计算，腾讯 员工人均薪酬成本约为112.8万元。 头图为AI制图 星标关注《盐财经》 洞察趋势，睿智人生 值班编辑 | 江江 视觉 | 顾芗 据第一财经日报，3月18日，腾讯控股（00700.HK）发布2025年第四季度及全年财报。AI持续推动公司 盈利结构优化：Q4营收1943.7亿元，同比增长13%；Non-IFRS经营利润695.2亿元，同比增长17%。全年 营收7517.7亿元，同比增长14%；Non-IFRS经营利润同比增长18%。 腾讯控股发布财报显示，增值服 ...

Core Insights - Tencent's Q3 financial results exceeded market expectations, with revenue and net profit both increasing due to the synergy between core business and AI technology [1] Revenue Growth - Q3 revenue reached 192.87 billion yuan, a year-on-year increase of 15% and a quarter-on-quarter increase of 5%, surpassing the forecast of 188.8 billion yuan [2] - Gross profit for the quarter was 108.80 billion yuan, reflecting a year-on-year increase of 22% and a quarter-on-quarter increase of 4% [2] - Net profit attributable to equity holders was 63.13 billion yuan, up 19% year-on-year and 13% quarter-on-quarter, exceeding the expected 55.88 billion yuan [2] Gaming Revenue - Domestic gaming revenue grew by 15% year-on-year to 42.8 billion yuan, driven by new game releases and the performance of established titles [3] - International gaming revenue surpassed 20 billion yuan for the first time, reaching 20.8 billion yuan, a 43% year-on-year increase [3] Value-Added Services - Revenue from value-added services increased by 16% to 95.9 billion yuan in Q3 [3] Marketing Services - Marketing services revenue rose by 21% to 36.2 billion yuan, attributed to increased ad exposure and improved user engagement [4] Financial Technology and Enterprise Services - Financial technology and enterprise services revenue grew by 10% to 58.2 billion yuan, driven by increased commercial payment activities and demand for AI-related services [5]

Core Insights - Tencent Holdings reported Q3 2025 revenue of 192.9 billion yuan, a 15% year-on-year increase [1] - Non-IFRS operating profit for Q3 was 72.57 billion yuan, up 18% year-on-year [1] Revenue Breakdown - Value-added services revenue reached 95.9 billion yuan, growing 16% year-on-year [1] - Online gaming revenue totaled 63.6 billion yuan, with international market revenue increasing by 43% to 20.8 billion yuan, driven by Supercell games and new releases [1] - Domestic gaming revenue was 42.8 billion yuan, a 15% increase, supported by new game launches and existing titles like "Honor of Kings" [1] Social Network and Marketing Services - Social network revenue was 32.3 billion yuan, up 5% year-on-year, attributed to growth in video live streaming and music subscription services [1] - Marketing services revenue for Q3 was 36.2 billion yuan, a 21% increase, driven by higher ad exposure and AI-driven ad targeting improvements [1] Financial Technology and Enterprise Services - Financial technology and enterprise services revenue reached 58.2 billion yuan, a 10% year-on-year increase, with growth in merchant payment activities and consumer loan services [2] - Enterprise services revenue grew by over 10%, benefiting from cloud service revenue and increased transaction volumes in WeChat stores [2] R&D Investment - R&D expenditure for Q3 increased by 28% to 22.8 billion yuan, marking a record high for a single quarter [2] - As of the end of the quarter, Tencent had over 91,000 patent applications published globally, with more than 50,000 patents granted [2]