TENCENT Q3 Earnings Report: To B Revenue Hits RMB 58.2 Billion, Up 10% YoY

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On November 13, TENCENT released its Q3 2025 financial results. The company reported total revenue of RMB 192.87 billion, marking a 15% year-over-year increase. Notably, its ToB segment (FinTech and Enterprise Services) delivered strong performance with revenue rising 10% YoY to RMB 58.2 billion, while enterprise services maintained double-digit growth momentum.

The earnings report highlighted significant achievements in TENCENT's AI strategy, demonstrating robust ecosystem synergies. Its Hunyuan Image 3.0 model ranked first in text-to-image generation on the international benchmark LMArena, leveraging superior reasoning and generative capabilities. The upgraded Hunyuan 3D model tripled modeling precision, achieving a geometric resolution of 1536³ and maintaining state-of-the-art performance. Additionally, TENCENT's Yuanbao AI integrated with over a dozen internal applications including WeChat, Tencent Meeting, and Tencent Video, boosting user engagement through product comment sections.

TENCENT also fully opened access to its "User-Friendly AI" suite and enhanced its Tencent Cloud Agent Development Platform (ADP), launching nearly 600 new features within three months. Cloud storage, database, and big data solutions drove operational efficiency improvements, contributing to substantial revenue growth.

R&D expenditure surged 28% YoY to a record quarterly high of RMB 22.8 billion. By the end of Q3, TENCENT held over 91,000 patent applications and 50,000 authorized patents globally across major jurisdictions.

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