When is Tencent reporting Q2 2025 earnings?
Tencent will announce its second-quarter results after Hong Kong markets close on Wednesday, 13 August 2025. The company will hold its earnings conference call at 8.00pm (Hong Kong time) to discuss financial performance.
The Chinese technology conglomerate has established itself as one of the world’s most valuable companies. Its comprehensive ecosystem encompasses gaming, social media, fintech and cloud services across multiple global markets.
Investors will scrutinise the results for indicators of sustained momentum in gaming revenues. The company’s capacity to monetise its extensive user base remains fundamental to long-term growth prospects.
Market analysts anticipate mixed performance across different business segments this quarter. The focus will centre on how effectively Tencent has navigated regulatory challenges and competitive pressures.
Key takeaways from Q1 earnings performance
Tencent delivered revenue above expectations but missed estimates on net profit in its first-quarter results. Key Q1 financial highlights include:
- Revenue: RMB 180.0 billion (+13% YoY) vs estimate of RMB 174.6 billion
- Net profit: RMB 47.8 billion (+14% YoY) vs estimate of RMB 52.2 billion
- Gross margin: Improved to 55.8% from 52.6% a year ago
Source: Tencent, LSEG
The robust revenue growth was driven by acceleration in Tencent’s Value Added Service segment. Annual growth of 17% was achieved through loyal users of established games ‘Honour of Kings’ and ‘CrossFire Mobile’. The expanding fan base of new game ‘Delta Force’ also contributed significantly to performance.
The quarter witnessed Tencent’s artificial intelligence investments beginning to generate returns. New AI chatbot and search features were integrated into messaging app Weixin, which maintains over 1.4 billion monthly active users.
Analyst expectations for Q2 results
Analysts expect Tencent to report revenue of RMB 178.5 billion for the second quarter. This would represent year-on-year (YoY) growth of 10.8%, but a marginal decline from the previous quarter’s performance.
Following disappointment in Q1, analysts have moderated their estimations on net profit growth to 7.1%. The gross margin is expected to decline from the previous quarter but still improve on an annualised basis.
The company’s advertising business, Marketing Services, is anticipated to be the growth engine in the second quarter at 17.4% YoY. Adoption of AI technology helps improve user engagement and sales conversion rates significantly.
Value-added services, which include gaming and social networks, remain Tencent’s core business segment, accounting for 51% of revenue in Q1. Analysts expect this segment to grow at 11% YoY, driven by continued gaming portfolio success.