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Tencent reports Q1 revenue up 9% YoY to $28.9B, below $29.4B est., and net income of $8.5B, meeting est., amid a costly AI pivot; its stock is down


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2026-05-13 10:04:38
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Cybersecurity Business

Bloomberg:

Tencent reports Q1 revenue up 9% YoY to ~$28.9B, below ~$29.4B est., and net income of ~$8.5B, meeting est., amid a costly AI pivot; its stock is down 23% YTD  —  Tencent Holdings Ltd. reported its slowest revenue growth in six quarters, underscoring the urgency around its costly AI pivot …




Bloomberg:

Tencent reports Q1 revenue up 9% YoY to ~$28.9B, below ~$29.4B est., and net income of ~$8.5B, meeting est., amid a costly AI pivot; its stock is down 23% YTD  —  Tencent Holdings Ltd. reported its slowest revenue growth in six quarters, underscoring the urgency around its costly AI pivot …



Source: TechMeme
Source Link: https://www.techmeme.com/260513/p14#a260513p14


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