Chinese tech giant Tencent posts revenue beat on accelerating games sales, AI-driven ads

Tencent Holdings Ltd. reported fourth-quarter revenue of 172.7 billion yuan ($24.1 billion), beating analyst estimates, driven by accelerating games sales and AI-driven advertising. The company's stock has fallen 26% in 2026 amid intense AI competition in China and rising spending concerns.

Chinese tech giant Tencent posts revenue beat on accelerating games sales, AI-driven ads Source: CNBC Technology https://www.cnbc.com/technology/ Tencent stock was down 26% so far in 2026 as the company faces intense competition in China in AI and investors grow jittery about its rising spending. Get AI news in your inbox Daily digest of what matters in AI.