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Tencent Q4'24 Earnings Highlights

$TCEHY (-6.41%)


🔹 Revenue: ¥172.45B (Est. ¥168.7B) 🟢 +11% YoY

🔹 Oper. Profit: ¥51.48B (Est. ¥43.9B) 🟢 +24% YoY

🔸 32% Yrly Dividend Increase & ¥80B Share Buyback

🔹 Gross Profit: ¥90.65B (+17% YoY)

🔹 Profit Attributable to Equity Holders: ¥51.32B (+90% YoY)

🔹 Non-IFRS Operating Profit: ¥59.48B (+21% YoY)

🔹 Non-IFRS EPS: ¥6.03 (Basic), ¥5.91 (Diluted)


Dividend Increase & Share Buyback

🔸Dividend: Proposed 32% increase to HK$4.50 per share (~HK$41B)

🔸Share Buyback: Plans to repurchase at least HK$80B in 2025


AI & Tech Advancements

🔸HunYuan Foundation Model rapidly iterated, AI deployed for internal use cases

🔸Weixin Search query volume surged with AI-enhanced relevance

🔸Video Accounts saw rapid YoY user time spent growth

🔸FinTech Services upgraded risk controls and optimized payment funding


Digital Philanthropy & Social Impact

🔸Tencent Charity Platform connected 280M users, 2,200+ charitable organizations, and 20,000+ enterprises

🔸Upgraded Giving for Good campaign to drive broader engagement


Strong Gaming & Digital Ecosystem

🔸VAS Revenue: ¥319.2B (+7% YoY), driven by growth in domestic & international games

🔸FinTech & Business Services Revenue: ¥212.0B (+4% YoY)

🔸Marketing Services Revenue: ¥121.4B (+20% YoY), fueled by AI-powered ad platform

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