Chinese tech giant Tencent posts Q2 revenue beat driven by accelerating domestic games sales and AI-powered advertising
Tencent's second-quarter revenue rose 11% year-on-year, with domestic games revenue up 17% to 47.3 billion yuan and marketing services revenue up 22% to 43.6 billion yuan, aided by AI-driven ad recommendation models. However, its core profit of 68.4 billion yuan, up 9% year-on-year, missed analyst expectations. The company's capital expenditure also surged 65% quarter-on-quarter to 52.8 billion yuan as it ramps up computing infrastructure for AI.
Source:CNBC头条 · Source Link
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