{"slug": "tencent-capex-jumps-176-on-ai-push-as-revenue-beats-estimates", "title": "Tencent capex jumps 176% on AI push as revenue beats estimates", "summary": "Tencent Holdings reported second-quarter revenue of 204.8 billion yuan (US$30.4 billion), up 11% year on year and beating analyst estimates, while capital expenditures surged 176% to 52.8 billion yuan to support its AI push. Adjusted net income rose to 68.4 billion yuan, in line with consensus. CEO Pony Ma Huateng said the company is making substantial progress toward building an AI-empowered Tencent.", "body_md": "# Tencent capex jumps 176% on AI push as revenue beats estimates\n\nRevenue hit US$30.4 billion for the quarter ending in June, surpassing projections compiled by Bloomberg\n\n[Iris Deng](/author/iris-deng)in Shenzhen\n\nTencent Holdings nearly tripled its capital spending in the second quarter to supercharge its AI push, as accelerating investments in computing power and models helped drive better-than-expected revenue.\n\nRevenue for the quarter ending in June reached 204.8 billion yuan (US$30.4 billion), up 11 per cent year on year from 184.5 billion yuan, the Chinese tech giant reported on Wednesday. The figure beat average analyst estimates of 202.8 billion yuan compiled by Bloomberg.\n\nAdjusted net income reached 68.4 billion yuan, in line with consensus estimates of 68.2 billion yuan and up from 63.1 billion yuan in the same period last year.\n\n“As we enter into the third quarter of the year, we are making substantial progress towards building a new, AI-empowered Tencent in terms of intelligence, applications and infrastructure,” said Pony Ma Huateng, Tencent’s co-founder, chairman and CEO, in a statement.\n\nBefore the earnings release, Tencent shares closed down 1.95 per cent at HK$461.6 (US$58.82) in Hong Kong trading on Wednesday.\n\nThe Shenzhen-based giant, which operates the world’s largest video game business by revenue and the nation’s dominant social network WeChat, has doubled down on AI as a growth engine. To support these efforts, capital expenditures jumped 176 per cent year on year to 52.8 billion yuan for the quarter.", "url": "https://wpnews.pro/news/tencent-capex-jumps-176-on-ai-push-as-revenue-beats-estimates", "canonical_source": "https://www.scmp.com/tech/big-tech/article/3363786/tencent-capex-jumps-176-ai-push-revenue-beats-estimates?utm_source=rss_feed", "published_at": "2026-08-12 09:26:53+00:00", "updated_at": "2026-08-12 09:46:08.036755+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-infrastructure", "ai-products"], "entities": ["Tencent Holdings", "Pony Ma Huateng", "WeChat", "Bloomberg"], "alternates": {"html": "https://wpnews.pro/news/tencent-capex-jumps-176-on-ai-push-as-revenue-beats-estimates", "markdown": "https://wpnews.pro/news/tencent-capex-jumps-176-on-ai-push-as-revenue-beats-estimates.md", "text": "https://wpnews.pro/news/tencent-capex-jumps-176-on-ai-push-as-revenue-beats-estimates.txt", "jsonld": "https://wpnews.pro/news/tencent-capex-jumps-176-on-ai-push-as-revenue-beats-estimates.jsonld"}}