The earnings call reflected strong revenue growth and profitability, driven by successful integration of AI across segments and robust performance in gaming and marketing services. However, increased expenses in R&D and other financial losses slightly tempered the enthusiasm.

Company Guidance

During Tencent's 2025 Second Quarter Results Announcement Webinar, significant growth metrics were highlighted. Total revenue increased by 15% year-on-year to RMB 185 billion, with gross profit up by 22% year-on-year to RMB 105 billion. The non-IFRS operating profit rose by 18% to RMB 69 billion, and the non-IFRS net profit attributable to equity holders increased by 10% to RMB 63 billion. These financial results were driven by strong performance in gaming, with domestic games revenue growing by 17% and international games revenue rising by 35% year-on-year. Communication platforms like Weixin and WeChat reported a combined MAU of 1.4 billion. Marketing services revenue also saw a 20% year-on-year increase, supported by AI-driven adtech upgrades. FinTech and Business Services revenue grew by 10% year-on-year to RMB 56 billion. Tencent's investment in AI was noted as a key driver of growth, contributing to the enhancements in games, marketing services, and cloud services.

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.

Games Segment Performance

Domestic games revenue grew by 17% year-on-year, driven by titles like Delta Force and Honour of Kings. International games revenue increased by 35% year-on-year.

Marketing Services Growth

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

FinTech and Business Services

Revenue was RMB 56 billion, up 10% year-on-year, with improvements in commercial payment services and consumer loan services.

AI Integration

AI is becoming an increasingly important driver across various segments, improving game content, marketing efficiency, and more.

Tencent Holdings (TCTZF) Earnings, Revenues Date & History

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TCTZF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 12, 2025	2025 (Q3)	0.98 / -	0.889	―	―	―
Aug 13, 2025	2025 (Q2)	0.91 / 0.95	0.843	12.95% (+0.11)
May 14, 2025	2025 (Q1)	0.89 / 0.92	0.738	25.08% (+0.19)
Mar 19, 2025	2024 (Q4)	0.79 / 0.85	0.623	35.76% (+0.22)
Nov 13, 2024	2024 (Q3)	0.80 / 0.89	0.653	36.14% (+0.24)
Aug 14, 2024	2024 (Q2)	0.71 / 0.84	0.543	55.20% (+0.30)
May 14, 2024	2024 (Q1)	0.63 / 0.74	0.47	56.96% (+0.27)
Mar 20, 2024	2023 (Q4)	0.61 / 0.62	0.427	46.06% (+0.20)
Nov 15, 2023	2023 (Q3)	0.59 / 0.65	0.44	48.31% (+0.21)
Aug 16, 2023	2023 (Q2)	0.53 / 0.54	0.386	40.86% (+0.16)

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

TCTZF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 13, 2025	$71.16	$76.69	+7.77%
May 14, 2025	$65.22	$66.91	+2.59%
Mar 19, 2025	$68.22	$69.64	+2.08%
Nov 13, 2024	$50.55	$49.56	-1.96%

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.