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Investing.com -- Tencent (HK:0700) posted a 15% increase in second-quarter revenue on Wednesday, with strong gaming performance and AI-powered business initiatives driving growth.
The Chinese technology company reported revenue of 184.5 billion yuan for the three months ended June, exceeding analyst expectations of 178.5 billion yuan according to LSEG data.
Domestic gaming revenue rose 17% to 40.4 billion yuan, while international gaming revenue showed even stronger growth, climbing 35% to 18.8 billion yuan.
The company’s marketing services also performed well, with revenue increasing 20% year-on-year to 35.8 billion yuan.
Tencent’s net profit reached 55.6 billion yuan for the quarter, surpassing analyst projections of 52.3 billion yuan according to LSEG data.
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