Tencent Holdings Reports Strong 2024 Financial Growth

Tencent Holdings ( (TCTZF) ) has released its Q4 earnings. Here is a breakdown of the information Tencent Holdings presented to its investors.

Tencent Holdings, a leading Chinese multinational conglomerate, operates in various sectors including technology, entertainment, and financial services, known for its popular social media platforms WeChat and QQ, as well as its significant presence in gaming and AI development. The company’s latest earnings report for the year ending December 31, 2024, highlights significant financial growth and strategic advancements, driven by AI-powered enhancements and increased engagement across its platforms. Key financial metrics showed an 8% increase in revenues to RMB 660.3 billion, a 30% rise in operating profit to RMB 208.1 billion, and a 68% surge in profit attributable to equity holders to RMB 194.1 billion. The company also reported a 72% increase in basic earnings per share and proposed a 32% increase in annual dividends. Looking forward, Tencent’s management remains optimistic about continued growth, focusing on AI innovation and expanding its digital ecosystem to enhance user engagement and operational efficiency.