Tencent Q4 Profit Surges 30%, Accelerates AI Investment
Live Track
03-19
Tencent Holdings Limited held its 2024 Q4 and annual earnings call. Key points: 1. Q4 revenue reached 72 billion RMB, up 11% year-over-year 2. Non-IFRS operating profit was 59 billion RMB, up 21% year-over-year 3. Non-IFRS net profit attributable to shareholders was 55 billion RMB, up 30% year-over-year 4. The company strengthened its long-term franchise value across various services 5. Tencent is heavily investing in AI, including its proprietary Hunyuan foundation model 6. The company adopts a multi-modal AI strategy to serve different user needsDisclaimer: 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.