Tencent Holdings (TCEHY, Financial) announced its fourth-quarter financial results, showcasing a robust performance with revenue reaching 172.4 billion yuan. This marks an 11% increase compared to the same period last year. The company's net profit surged by 90% to 51.3 billion yuan.
Breaking down the revenue, Tencent's domestic gaming sector contributed 33.2 billion yuan, while its international gaming division added 16 billion yuan. The social network segment generated 29.8 billion yuan, and financial technology and enterprise services brought in 56.1 billion yuan. Marketing services accounted for 35 billion yuan, with other segments contributing 1.3 billion yuan.
As of December 31, 2024, the combined monthly active user accounts for WeChat and Weixin reached 1.385 billion, representing a 3% year-over-year growth. In a strategic move, Tencent has proposed a 32% increase in its final dividend and plans to repurchase at least 80 billion Hong Kong dollars (approximately 10.3 billion USD) worth of its stock in 2025.
Tencent's President, Martin Lau, highlighted the significant growth of the AI-native mobile application, Yuanbao, which saw its daily active users (DAU) increase twentyfold from February to March, ranking it as the third most popular AI-native mobile app in China.
