Chinese tech giant Tencent posts 13% revenue jump as growth at key gaming unit surges
Tencent reported a 13% year-on-year revenue increase in Q1 2025, driven by growth in its gaming business. Revenue reached 180.02 billion yuan ($25 billion), surpassing expectations of 174.63 billion yuan. However, net profit fell short of estimates, coming in at 47.8 billion yuan compared to the expected 52.2 billion yuan, despite a 14% increase in net profit.
Chinese tech company Tencent is a gaming giant and the parent company of WeChat, the ubiquitous social messaging app in China.
Tencent on Wednesday reported an annual rise in its top and bottom line in the first quarter fuelled by accelerated growth in its key gaming business.
While revenue beat expectations, its net profit fell short.
Here's how Tencent did in the first quarter of 2025 versus LSEG estimates:
- Revenue: 180.02 billion Chinese yuan ($25 billion), versus 174.63 billion yuan expected
- Net profit: 47.8 billion yuan, versus 52.2 billion yuan expected
Revenue rose 13% year-on-year, while net profit was up 14%.
This breaking news story is being updated.
