Tencent Holdings' fourth-quarter revenue was 172.4 billion yuan, and its adjusted net profit was 55.3 billion yuan

Tencent Holdings released its fourth quarter and full-year financial report for 2024 ending December 31.

In the fourth quarter, revenue was 172.4 billion yuan, an increase of 11% year-on-year. Profit attributable to equity holders was 51.3 billion yuan, a year-on-year increase of 90%. Under non-IFRS, profit attributable to equity holders was 55.3 billion yuan, a year-on-year increase of 30%.

For the full year of 2024, revenue was 660.3 billion yuan, an increase of 8% year-on-year. Profit attributable to equity holders was 194.1 billion yuan, a year-on-year increase of 68%. Under non-IFRS, profit attributable to equity holders was 222.7 billion yuan, a year-on-year increase of 41%.

Tencent CEO Ma Huateng said that the intelligence level of AI has been greatly improved compared with previous years. For Tencent, after careful consideration, both cloud business and Yuanbao have embraced DeepSeek.

We have exchanges with Liang Wenfeng in the industry. We admire the emergence of independent and open source products on the market. We respect them very much.