196.5 billion yuan in first-quarter revenue left Tencent short of the 199 billion yuan analysts tracked by LSEG had expected, even as sales rose 9% from a year earlier.
9% growth was driven alongside what CEO Ma Huateng called significant initial progress in new AI products and broader use of AI across Tencent’s core businesses.
Ma said those core businesses kept expanding engagement, revenue and profit, generating the cash flow Tencent plans to use to fund further AI investment and future deployment.
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