Tencent Gaming Growth Powers Q4 Earnings

Winking Studios

Revenue from Tencent's international gaming division increased 15% year-over-year to 16 billion yuan, or $2.21 billion. Domestic gaming revenue rose 23% to 33.2 billion yuan, or $4.6 billion. Growth for both divisions accelerated from 9% and 14%, respectively, in the third quarter.

Marketing services revenue climbed 17% year-over-year to 35 billion yuan, or $4.84 billion. That was roughly even with the growth rate for Tencent's third quarter.

Tencent late last month released its Hunyuan Turbo S AI model it said can answer queries faster than the DeepSeek models that rattled U.S. markets in late January. But Tencent has also reportedly integrated DeepSeek models to power some features on WeChat.

Tencent is competing with other Chinese tech giants and startups such as DeepSeek to build the top AI model in the country. Alibaba (BABA) and Baidu (BIDU) each revealed new models and updated AI agents in recent weeks. An AI chatbot tool called Manus AI that was developed by a Chinese startup is capturing attention in the tech world as well, though it is still in a limited preview phase.

https://www.investors.com/news/technology/tencent-stock-tencent-q4-2024-earnings/

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