Tencent Q4 Revenue Up 11% YoY, Boosts AI Investment
Live Track
03-19
Tencent reported strong Q4 2024 results, with total revenue up 11% YoY to 172.4 billion RMB. Key highlights: 1. Domestic games revenue grew 23% YoY, driven by evergreen titles and new releases. 2. International games revenue increased 15% YoY (16% in constant currency). 3. Marketing services revenue grew 17% to 35 billion RMB, benefiting from AI enhancements. 4. FinTech and Business Services revenue up 3% YoY to 56 billion RMB. 5. Gross profit increased 17% YoY on higher-margin revenue streams. 6. Operating profit rose 24% YoY to 51.5 billion RMB. 7. The company is increasing AI investments, with annual capex rising over 3x to $10.7 billion in 2024. Disclaimer: This earnings call summary is generated by AI and is for informational purposes only. Due to technical limitations, inaccuracies may exist. It does not constitute investment advice or commitments.