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Tencent Holdings Ltd
F:NNND

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Tencent Holdings Ltd
F:NNND
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Price: 50.94 EUR -3.89% Market Closed
Market Cap: €487.6B

Tencent Holdings Ltd
Investor Relations

Tencent Holdings is a Chinese internet company best known for WeChat, the mobile app that combines messaging, social networking, payments, and many everyday services. It also runs major online entertainment businesses, including video games, music, and digital content, and it sells cloud services and business software tools to companies. Tencent makes money mostly by charging for games, taking fees from digital payments and other financial services, selling advertising around its social and content platforms, and billing businesses for cloud and software services. Its main customers are consumers who use WeChat and its entertainment apps, advertisers that want access to those users, game players, and companies that need cloud infrastructure or enterprise tools. What makes Tencent different is that it sits in the middle of daily digital life in China. WeChat is not just a chat app; it is also a way to pay, shop, book services, and connect with brands. That gives Tencent a powerful role as a traffic and transaction hub, where it earns money by keeping users inside its ecosystem and helping merchants, developers, and advertisers reach them.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 13, 2026
AI Summary
Q1 2026

Revenue: Tencent reported first-quarter revenue of RMB 196.5 billion, up 9% year on year; management said it would have been up 11% if not for the later timing of Spring Festival shifting some game revenue into future periods.

AI buildup: The company said Hunyuan 3 Preview is already being used across 131 internal products and has become a leading reasoning model in China, but AI investment is still ramping and will require much higher capex in the second half of the year.

Profitability: Gross profit rose 11% to RMB 111.3 billion, operating profit rose 17% to RMB 67.4 billion, and diluted EPS increased 12% to RMB 7.364, helped by strong cash generation and share buybacks.

Games strength: Honor of Kings, Peacekeeper Elite and Delta Force all showed strong momentum, while the new Roco Kingdom World launched with over 13 million average DAUs in its first month.

Ad and cloud upside: Advertising growth accelerated to 20%, and management said video accounts ad load is still only 4% to 5%, leaving room to grow; cloud should also benefit as more China-designed chips become available later this year.

Key Financials
Revenue
RMB 196.5 billion
Revenue adjusted for Spring Festival timing
11% year on year
Gross profit
RMB 111.3 billion
Operating profit
RMB 67.4 billion
Operating profit excluding new AI products
RMB 84.4 billion
Net profit attributable to equity holders
RMB 67.9 billion
Diluted EPS
RMB 7.364
Overall gross margin
57%
Non-IFRS operating margin
38.5%
Non-IFRS operating margin excluding new AI products
43%
Free cash flow
RMB 56.7 billion
Operating CapEx
RMB 31.2 billion
Net cash position
RMB 146.9 billion
Share repurchase
RMB 7.9 billion
Value-added services revenue
RMB 96 billion
Social network revenue
RMB 32 billion
Marketing Services revenue
RMB 38 billion
FinTech and Business Services revenue
RMB 60 billion
Weixin and WeChat combined MAU
1.4 billion
Peacekeeper Elite peak DAU
90 million
Roco Kingdom World average DAUs
over 13 million
Video accounts ad load
4% to 5%
AI Marketing Plus share of ad spend
around 30%
Employees
approximately 113,000
Marketing Services gross margin
55%
FinTech and Business Services gross margin
52%
Other Earnings Calls

Management

Mr. Huateng Ma
Co-Founder, Chairman & CEO

Ma Huateng, also known as Pony Ma, is a prominent Chinese businessman and the co-founder, chairman, and CEO of Tencent Holdings Ltd., one of the largest internet and technology companies in the world. Born on October 29, 1971, in Chaoyang, Guangdong, China, Ma Huateng has played a pivotal role in shaping the landscape of China's tech industry. He graduated from Shenzhen University in 1993 with a degree in computer science. In 1998, he and a group of classmates co-founded Tencent, initially focusing on developing internet-based instant messaging services. The launch of Tencent QQ, a messaging service, marked the company's early breakthrough and set it on a path to becoming a tech giant. Under Ma's leadership, Tencent expanded its products and services significantly, entering sectors such as social networking, mobile games, e-commerce, and digital payments. WeChat, a multi-purpose messaging, social media, and mobile payment app launched by Tencent, has become an integral part of daily life for millions of users, further establishing the company's influence. Ma Huateng is known for his strategic foresight and innovations, which have been instrumental in Tencent's success. He is recognized as one of the most influential figures in the technology industry and has been listed among the world's most powerful and wealthiest individuals by various publications. In addition to his work at Tencent, Ma is involved in several philanthropic efforts, focusing on health, education, and environmental issues. His leadership continues to drive Tencent's growth and adaptation in the competitive global tech market.

Mr. Chi Ping Lau
President

Mr. Chi Ping Lau, also known as Martin Lau, is a prominent figure in the technology and investment sectors, most notably associated with Tencent Holdings Ltd., one of the world's largest technology companies. Martin Lau was born in Hong Kong and earned his undergraduate degree in electrical engineering from the University of Michigan, followed by a master's degree in electrical engineering from Stanford University. He also earned an MBA from the Kellogg School of Management at Northwestern University. Before joining Tencent, Lau worked at Goldman Sachs in the investment banking division, where he gained significant experience in corporate finance and mergers & acquisitions. His expertise in these areas has been influential in Tencent's strategic approaches to corporate development and investment. Martin Lau joined Tencent in 2005 as Chief Strategy and Investment Officer. He was appointed as the company’s President in 2006, a role which has seen him responsible for overseeing the business operations of Tencent, including its VAS business, online media, and advertising strategies. Under his leadership, Tencent expanded beyond its initial offerings into new markets and sectors, including investments in global technology enterprises, contributing to its reputation as a formidable force in both domestic and international markets. Lau is recognized for his strategic vision, his role in guiding Tencent through significant acquisitions and partnerships, and his ability to balance innovation with regulatory compliance amid China's rapidly evolving tech landscape. His leadership has been pivotal in Tencent's growth and its influence in the global tech industry.

Mr. Chenye Xu
Co-Founder & Chief Information Officer

Chenye Xu is known for his role at Tencent Holdings Ltd, a leading Chinese multinational conglomerate holding company with subsidiaries in various Internet-related services and products, entertainment, AI, and technology. Xu has played a crucial role in Tencent's strategic investments and business development, focusing on expanding the company's global reach and influence in the tech industry. His work often involves identifying and securing opportunities for partnerships and acquisitions that align with Tencent's long-term vision. Under his guidance, Tencent has strengthened its position as a major player in the global market, enhancing its portfolio and technological advancements.

Mr. Yidan Chen
Co-Founder & Advisor Emeritus

As of the latest information available, Yidan Chen was one of the co-founders of Tencent Holdings Ltd., a Chinese multinational conglomerate holding company specializing in various internet-related services and products, entertainment, AI, and technology. Born on January 1, 1971, he played a significant role in the early development of the company. Chen graduated from Shenzhen University in 1993 with a Bachelor of Science in Applied Chemistry. His contribution to Tencent primarily lay in his role as Chief Administrative Officer (CAO), where he oversaw the company's strategic planning and human resources. Yidan Chen was instrumental in creating Tencent’s successful corporate culture and managing its organizational structure during its formative years. Moreover, Yidan Chen is notable for his philanthropic efforts. In 2016, he established the Yidan Prize, one of the largest educational awards worldwide, aiming to promote innovative education projects and recognize transformative education research. His commitment to education stems from a desire to foster a better educational landscape globally. Chen left his position as CAO in 2013 to focus on his philanthropic interests, although he remains a key figure associated with Tencent’s foundational success.

Mr. Weibiao Zhan
Managing Director

Wang Weibiao, also known as Martin Lau, is not associated with Tencent. However, if you were referring to Martin Lau, he is a renowned senior executive at Tencent Holdings Ltd. He joined Tencent in 2005 and has been a pivotal figure in the company. Before becoming the president of Tencent, Lau contributed significantly to expanding its business segments, such as gaming, social media, and digital content. Under his leadership, Tencent successfully integrated and expanded its digital ecosystem in China and globally. Prior to joining Tencent, Martin Lau worked at Goldman Sachs in its investment banking division, which equipped him with a strong financial and strategic background. He holds a Bachelor’s degree in Electrical Engineering from the University of Michigan, a Master's from Stanford University, and an MBA from INSEAD. Martin Lau's tenure at Tencent is marked by his strategic foresight and adept managerial capabilities that have helped steer the company's growth and development. If "Weibiao Zhan" is the correct name, and you seek specific information about him, it might not be publicly available, or he might not have a high-profile public position at Tencent Holdings Ltd.

Mr. Yuxin Ren
COO and President of Platform & Content Group & Interactive Entertainment Group

As of the latest information available, Yuxin Ren is a prominent executive at Tencent Holdings Ltd., a multinational technology conglomerate based in China. He holds the position of Chief Operating Officer (COO) at Tencent Smart Industries, a division committed to leveraging advanced technologies such as cloud computing, artificial intelligence, and big data to drive digital transformation across various industries. Ren Yuxin has played a crucial role in advancing Tencent's efforts to integrate innovative technologies into diverse sectors, facilitating greater efficiency and modernization. With extensive expertise in technology and business strategy, Ren is instrumental in steering Tencent's initiatives in smart city development, industrial Internet, and other tech-driven reforms that aim to empower traditional industries. His leadership has been pivotal in fostering collaborations with various business partners, overseeing intricate projects, and implementing strategic decisions that bolster Tencent’s footprint in the tech industry. Details about his personal background, education, and early career are not as widely publicized, but his contributions to Tencent and the broader tech sphere are well recognized, underscoring his status as a key figure in the company's leadership team.

Mr. Shan Lu
Senior EVP and President of Technology & Engineering Group

As of the latest available information, there is no widely-known executive by the name of Mr. Shan Lu at Tencent Holdings Ltd. Tencent is a Chinese multinational conglomerate with various businesses, especially in the technology and entertainment sectors. For further or more specific details, it may be helpful to consult Tencent's official announcements or related press releases. If you have any additional context or details about this individual, please provide them for a more accurate response. Otherwise, it seems there might be some confusion or misunderstanding regarding the name or role.

Ms. Jane Yip
Assistant General Manager of Investor Relations & Global Communications
No Bio Available

Contacts

Address
GUANGDONG
Shenzhen
Tencent Binhai Towers, No. 33 Haitian 2nd Road, Nanshan District
Contacts
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