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]

11月13日下午消息，腾讯控股（HKEX：00700）今日发布了截至9月30日的2025年第三季度财报，财报 显示，腾讯第三季度营收为1929亿元，同比增长15%。经营利润（Non-IFRS）725.7亿元，同比增长 18%， 金融科技及企业服务业务第三季度收入582亿元，同比增长10%，金融科技服务增长主要受益于商家支 付活动及消费贷款服务的收入增加。企业服务收入同比增长十几个百分点，受益于云服务的收入增长以 及由于微信小店交易额扩大而带动商家技术服务费收入增长。 三季度，腾讯研发投入同比增长28%达228亿元，创单季历史新高。截至季度末，腾讯在全球主要国家 和地区专利申请公开总数超过9.1万件，专利授权数量超过5 万件。 社交网络收入323亿元，同比增长5%，得益于视频号直播服务输入、音乐付费会员及小游戏平台服务费 的增长。 营销服务业务第三季第收入362亿元，同比增长21%，该增长乃由于广告曝光量的提升，这得益于用户 参与度及广告加载率的提高，以及AI驱动的广告定向所带动的eCPM增长，本季度所有主要行业的广告 主投放均有所增长。 腾讯第三季度增值服务业务收入959亿元，同比增长16%。网络游戏业务总收 ...

Group 1 - The core viewpoint of the article highlights Tencent Holdings' significant growth in its value-added services business, with a year-on-year revenue increase of 17% to RMB 92.1 billion in Q1 2025 [1] Group 2 - Domestic game revenue reached RMB 42.9 billion, reflecting a 24% year-on-year growth, driven by popular titles such as "Honor of Kings" and "Peacekeeper Elite," along with contributions from newly released games [1] - International game revenue amounted to RMB 16.6 billion, showing a 23% year-on-year increase (22% growth at constant exchange rates), attributed to the success of games like "Brawl Stars," "Clash Royale," and "PUBG Mobile" [1] - Social network revenue grew by 7% year-on-year to RMB 32.6 billion, supported by increased sales of mobile game virtual items, music subscription revenue, and mini-game platform service fees [1]