Tencent posts strong quarterly earnings on games and AI-powered ads

WeChat operators says it will buy back $10bn worth of shares

In the October to December quarter last year, revenue at Tencent rose 11% on the year to 172.44 billion yuan, beating market estimates. © Reuters

CISSY ZHOU

March 19, 2025 18:26 JST

Updated on March 19, 2025 22:37 JST

HONG KONG -- China's most valuable company, Tencent Holdings, posted a much better-than-expected quarterly result on Wednesday, due to strong growth in AI-powered advertisements and a robust showing for its evergreen games.

In the October-December quarter, revenue at the Shenzhen-based company rose 11% on the year to 172.44 billion yuan ($23.8 billion), beating the average forecast of 168.95 billion yuan from analysts surveyed by LSEG.