CNBC March 19, 2025
Key Points
– Tencent on Wednesday posted a fourth-quarter beat on top and bottom line driven by a surge in gaming and advertising revenue.
– Tencent saw a boost in gaming revenue both domestically and internationally from games such as Honour of Kings and PUBG Mobile.
– Tencent touted how artificial intelligence has boosted revenue in areas such as advertising as the company ramps up spending on chips and servers.
Tencent on Wednesday posted a fourth-quarter beat on top and bottom line driven by a surge in gaming and advertising revenue.
The company also notched a ramp-up in capital expenditure, which more than tripled in 2024, as it presses ahead with boosting its focus on artificial intelligence amid intense competition...
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