Tencent Holdings Ltd

00700: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Tencent Earnings: AI Spending Grabs Headlines, Core Businesses Continue Solid Growth

Ivan Su

Mar 19, 2026

Tencent's fourth-quarter revenue grew 13% year on year, while recurring operating profit rose 17%. Looking into 2026, management still expects top- and bottom-line growth, albeit at slightly lower margins, as it redirects cash from share buybacks toward investment in artificial intelligence.

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Tencent Holdings Ltd

Tencent Earnings: AI Spending Grabs Headlines, Core Businesses Continue Solid Growth

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