The earnings call highlighted Tencent's strong financial performance, driven by significant growth in gaming and marketing services revenue, as well as successful AI integration. Despite some challenges in other losses and long-form video subscriptions, the overall results indicate a positive trend.

Company Guidance

During Tencent Holdings Limited's 2025 Second Quarter Results Announcement Webinar, the company reported a robust financial performance, with total revenue reaching RMB 185 billion, a 15% increase year-on-year. Gross profit rose by 22% to RMB 105 billion, and non-IFRS operating profit grew by 18% to RMB 69 billion. Notably, the non-IFRS net profit attributable to equity holders increased by 10% to RMB 63 billion. Tencent's key services, including gaming, social networks, and marketing services, showed significant growth. Communication platforms like Weixin and WeChat saw their monthly active users grow to 1.4 billion. The company's gaming segment experienced a 17% rise in domestic games revenue, while international games revenue surged by 35% year-on-year. Tencent also highlighted the increasing role of AI in their operations, contributing to advancements in advertising and gaming content. The company is strategically investing in AI capabilities, which is evident from the 149% year-on-year increase in operating CapEx, reaching RMB 17.9 billion. The firm's commitment to leveraging AI for enhancing user experience and operational efficiency was a key theme throughout the call.

Double-Digit Revenue and Profit Growth

Total revenue for Q2 2025 was RMB 185 billion, up 15% year-on-year. Gross profit was RMB 105 billion, up 22% year-on-year. Non-IFRS operating profit was RMB 69 billion, up 18% year-on-year.

Gaming Success

Domestic games revenue grew by 17% year-on-year. International games revenue increased by 35% year-on-year. Delta Force became a top 5 game by DAU in China.

AI and Marketing Services Growth

Marketing services revenue grew 20% year-on-year to RMB 36 billion, benefiting from AI-powered adtech upgrades.

Cloud Recognition and Growth

Gartner recognized Tencent Cloud as a top communication platform as a service solution globally for the third consecutive year.

Increased Subscriber Base

Music subscription revenue increased 17% year-on-year, with overall subscribers growing 6% year-on-year to 124 million.

Tencent Holdings (TCEHY) Earnings, Revenues Date & History

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TCEHY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 12, 2025	2025 (Q3)	0.97 / -	0.876	―	―	―
Aug 13, 2025	2025 (Q2)	0.90 / 0.95	0.84	12.74% (+0.11)
May 14, 2025	2025 (Q1)	0.88 / 0.91	0.729	25.24% (+0.18)
Mar 19, 2025	2024 (Q4)	0.78 / 0.83	0.617	35.01% (+0.22)
Nov 13, 2024	2024 (Q3)	0.80 / 0.88	0.642	36.45% (+0.23)
Aug 14, 2024	2024 (Q2)	0.70 / 0.84	0.53	58.49% (+0.31)
May 14, 2024	2024 (Q1)	0.62 / 0.73	0.477	52.83% (+0.25)
Mar 20, 2024	2023 (Q4)	0.61 / 0.62	0.446	38.34% (+0.17)
Nov 15, 2023	2023 (Q3)	0.57 / 0.64	0.443	44.92% (+0.20)
Aug 16, 2023	2023 (Q2)	0.53 / 0.53	0.405	30.86% (+0.13)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TCEHY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 13, 2025	$71.27	$74.65	+4.74%
May 14, 2025	$64.40	$66.21	+2.81%
Mar 19, 2025	$69.09	$68.95	-0.20%
Nov 13, 2024	$51.50	$51.49	-0.02%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.