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Tencent Q1 revenue misses estimates at $28.9B despite 9% growth
Tencent reports Q1 2025 revenue of $28.9B, up 9% year-on-year but below the $29.4B analyst estimate, as AI investment costs weigh on growth.
Bloomberg: Tencent reports Q1 revenue up 9% YoY to ~$28.9B, below ~$29.4B est., and net income of ~$8.5B, meeting est., amid a costly AI pivot; its stock is down 23% YTD — Tencent Holdings Ltd.
reported its slowest revenue growth in six quarters, underscoring the urgency around its costly AI pivot …
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