Chinese tech giant Tencent posts 13% revenue jump as growth at key gaming unit surges

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 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%. Tencent is one of the world's largest gaming companies, with revenues from its hit titles driving its overall performance. Domestic games revenue, which is sales from China, rose 24% year-on-year to 42.9 billion yuan thanks to the performance of "Honor of Kings" and "Peacekeeper Elite," ... Read full article.