The Chinese Technology Company is a giant for the game and the mother company for WeChat, the application of social correspondence everywhere in China.
Cheng Sheen Getty Images News | Gety pictures
Tinetnet On Wednesday, in the fourth quarter, a rhythm at the top and bottom was released, driven by an increase in game and advertising revenues.
Here is how Tenning did in the fourth quarter of 2024 for Refinitiv estimates:
- profit: 172.4 billion yuan China ($ 23.9 billion), compared to 168.9 billion yuan expected.
- The profit attributed to the shareholders of the company: 51.3 billion yuan, compared to 46.03 billion yuan expected.
Revenue increased by 11 % on an annual basis, while profits increased by 90 % against the same period in 2023.
Tencent is one of the largest gaming companies in the world. China’s local games revenue increased by 23 % year on an annual basis to 33.2 billion yuan in the fourth quarter. Tinken said that this height was due to a decrease in a base in the period in the previous year, in addition to growth in some of its successful games, including the honor of kings and the elite of the peacekeeper.
The average annual growth rate of the rapid local games in the quarter of December, Compared to the previous three months.
International games revenue jumped by 15 % on an annual basis to 16 billion. Over the past few years, TENCENT has climbed its efforts abroad with games like Pubg Mobile, as the local game market slowed in the opposite winds of the macroeconomic and organizational economy.
Tencent marketing services or their advertising business-by 17 % on an annual basis to 35 billion yuan in the fourth quarter. Tinting WeChat, the largest correspondent application in China with more than 1.38 billion active users per month. The company is working to liquefy these users through different advertising products such as video and search.
You focus
While Tencet is one of the largest gaming companies in the world, the technology giant has also put a great focus to become a major artificial intelligence player in China over the past two years, where various artificial intelligence models have placed.
On Tuesday, the company launched the Hunyuan3D-2.0, which could transform the text or images into 3D graphics. In February, Tencent revealed Turbo S, an Amnesty International model designed to respond to the user’s information as quickly as possible.
Tennsant said artificial intelligence leads improvements across various products.
Tincent said that the growth of marketing services was driven by the “strong” demand for advertisers in addition to “the continuous enhancement of the infrastructure of the advertisements working in Amnesty International.”
Investors are still watching how Tencent plans to achieve artificial intelligence investments.
But this came with increased spending. Tinetnet said its capital expenses in 2024 amounted to 76.8 billion yuan, more than three times from 23.89 billion in 2023.
Tinetnet said it reorganized the difference and that the increasing investments would enhance growth.
“From a few months, we have reorganized our teams of artificial intelligence to focus both fast products and deep typical research, and increased our capital expenses related to lack of intelligence, and increased our efforts in research and development for our original products from AI.”
“We believe that these successive investments will generate continuous returns through high -end productivity in our advertising and longevity of our games, as well as a long -term value of the accelerated consumer use of our artificial intelligence applications and the adoption of our institutions for our artificial intelligence services.”
Senzhen, which is the Chentzhen, is a symbol of the current position of the competition between the technology giants in China, which was raised by the startup company Deepseek and the artificial intelligence model that was released earlier this year.
Thick and fast artificial intelligence updates have been released from Alibaba and Baidu.
Last week, Alibaba launched a new version of the AI Assistant application It is supported by its QWEN AI thinking model. Bido on Sunday He released two new models Including the new thinking model.
Terent works with artificial intelligence models as well as those for competitors. Chatbot is from the artificial intelligence named Yuanbao, which depends on its Hunyuan’s founding model as well as R1 Deepseek. Tencent also sought to integrate Deepseek technology across some other products, including WeChat’s search features in China.
This urgent news story is updated.
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