Tencent Q4 Revenue Up 11%, Plans Significant AI Investment Boost in 2025
Live Track
03-19
1. Tencent's Q4 2024 revenue grew 11% year-on-year to 72 billion RMB, with double-digit growth returning. 2. Non-IFRS operating profit increased 21% year-on-year to 59 billion RMB. 3. The company is significantly increasing AI investments, with annual capex more than tripling to $10.7 billion in 2024. 4. Tencent plans to further increase capex in 2025, expecting it to account for teens percentage of revenue. 5. The company intends to buy back at least 80 billion HKD worth of stock in 2025. 6. Domestic games revenue grew 23% year-on-year, while international games revenue increased 15%. 7. Marketing services revenue grew 17% to 35 billion RMB, benefiting from AI upgrades to the advertising platform. 8. FinTech and Business Services segment revenue grew 3% year-on-year to 56 billion RMB. 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.