00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Tencent reported first quarter 2026 revenue growth of 9% year-over-year,
00:08but missed analyst expectations, according to CNBC.
00:11The Chinese tech giant reported first quarter revenue of 196.5 billion Chinese yuan,
00:18but below LSEGs, estimates of 199 billion Chinese yuan.
00:23Domestic games revenue rose 6% to 45.4 billion Chinese yuan,
00:28slowing from 24% growth in the first quarter of 2025.
00:33CEO Ma Huateng said Tencent made initial progress on new AI products
00:38while continuing to use AI across its core businesses.
00:42Fintech and business services revenue rose to 60 billion Chinese yuan
00:46from 55 billion Chinese yuan a year earlier.
00:49Business services revenue increased 20% on higher cloud services demand
00:54tied to AI-related services.
00:55Tencent said its AI agent tool WorkBuddy
00:59was the most popular eugenic service in China.
01:03Morningstar analyst Ivan Su said Tencent's AI investments
01:06boosted advertising revenue growth to 20%
01:09through an upgraded AI-driven ad recommendation model.
01:13For all things money, visit Benzinga.com.
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