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

Tencent reported mixed second-quarter results, with revenue beating analyst forecasts while profitability fell short of expectations. The company’s overall revenue increased 11% year-over-year, while reported net profit rose nearly 1%. On an adjusted basis excluding one-time items and certain non-cash charges, profit reached 68.4 billion yuan, representing 9% growth compared to the prior-year period.
The company’s China gaming division provided a significant growth driver, with dome