Tencent Holdings Reports Impressive Q2 Growth

Tencent Holdings has announced a remarkable 15% increase in its second-quarter revenues, reaching 184.5 billion yuan ($25.7 billion), surpassing market expectations. This growth underscores the company's robust performance and strategic investments in artificial intelligence.

Financial Highlights Show Strong Performance

The company's gross profit witnessed a significant 22% year-on-year jump to 105 billion yuan, highlighting improved operational efficiency. Operating profit also saw an 18% rise to 60.1 billion yuan, with net profit attributable to equity holders climbing 17% to 55.6 billion yuan.

Earnings Per Share and Future Plans

Basic earnings per share increased by 20% to 6.11 yuan, with diluted EPS following suit at 5.99 yuan. Tencent CEO Ma Huateng emphasized the role of AI in driving growth, stating, "We invested in, and also benefited from, utilising AI." The tech giant plans to further integrate new technologies into Weixin, AI native app Yuanbao, and enhance the HunYuan foundation models.