Tencent FY Q4 revenue beats estimates amid ramp up in AI investments

Tencent On Wednesday it reported full-year revenue that beat analysts’ forecasts, as the Chinese tech giant continues to ramp up investments in AI.

Here’s how Tencent did in its annual earnings for 2025:

• Revenue: 751.8 billion Chinese yuan ($109 billion), beating the 750.7 billion Chinese yuan expected by analysts, according to data compiled by LSEG.

“We sustained healthy growth rates through 2025 as AI capabilities improved our ad targeting and supported more engagement with our games, and as our cloud business delivered revenue growth and profit at scale,” the company said in a statement.

“Our highly resilient and cash-generating core businesses provide us with resources to fund our growing investments in AI, including recruiting top-tier AI talent and upgrading our AI infrastructure.”

The majority of Tencent’s revenue comes from gaming, but the company has sought to diversify by expanding into other areas, including cloud computing. The company said it would be grow its cloud computing units in Europe in 2025.

The head of Tencent’s cloud computing group told CNBC in January that it was planning to expand its data center footprint in the Middle East. CNBC reached out to the company to ask if those plans had changed in light of the Iran war.

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