$700 (-2,38%) Tencent Holdings announced impressive Q4 2024 results on March 19, 2025, exceeding expectations. Revenue rose 11% year-on-year to 172.4 billion yuan ($23.83 billion), while net profit surged 90% to 51.3 billion yuan ($7.1 billion). Growth was driven by domestic gaming revenue (+23%), international gaming (+15%), and online advertising (+17%). 📈
Tencent’s advancements in AI, including its proprietary model Hunyuan Thinker, further solidified its position in generative AI innovation. The company invested $10.7 billion in emerging technologies like cloud computing and AI during 2024.🤖
Prosus, a major Tencent shareholder, benefited from these results, seeing positive market momentum. As Tencent continues to expand globally and innovate in gaming and AI, Prosus remains well-positioned to capitalize on its success