Tencent Holdings reported a 11% rise in second-quarter revenue on Wednesday, driven by strong advertising sales and steady gaming income, as the Chinese technology giant ramps up AI spending.
For the three months ended June, the Shenzhen-based gaming and internet company reported revenue of 204.8 billion yuan ($30.36 billion), in line with analyst estimates of 202.2 billion yuan, according to LSEG data.
Net profit rose 0.7% from a year earlier to 56 billion yuan, falling short of analyst expectations of 61.8 billion yuan.
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