腾讯三季度财报大超预期!营收净利双增,目标价 780 港元,机构坚定看好

调研纪要杂货铺
Nov 15, 2025

继收盘后披露业绩后,腾讯控股2025年三季度财报交出了一份亮眼答卷。美银证券维持其“买入”评级,目标价780港元,较当前657港元的股价仍有显著上涨空间。这份财报中,广告业务强势增长、游戏业务稳步推进、盈利水平超预期,还透露出AI布局的关键信号,值得重点关注。一、核心业绩:营收净利双超预期,增长动能强劲三季度腾讯整体表现稳健,核心财务数据均超出市场共识:•总营收:1929亿元人民币,同比增长15%...

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