Tencent Holdings Limited held its 2025 Q1 earnings call. Key highlights include:
1. Total revenue reached 191 billion RMB, up 13% year-on-year
2. Gross profit surpassed 100 billion RMB for the first time, up 20% year-on-year
3. Non-IFRS operating profit was 69 billion RMB, up 18% year-on-year
4. VAS revenue grew 17% year-on-year to 92 billion RMB
5. Social networks revenue increased 7% year-on-year to 33 billion RMB
6. Tencent is increasing investments in AI, expecting long-term value creation
7. Music subscription revenue grew 17% year-on-year with 123 million subscribersDisclaimer: 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.