On May 13, Tencent Holdings released its first-quarter 2025 financial report, showing strong growth momentum. The report mentioned that Tencent has made significant breakthroughs in the AI field, with R&D investment reaching 22.54 billion yuan, an increase of 19% year-on-year. In addition, capital expenditures also reached 31.94 billion yuan, up 16% year-on-year. These investments have provided strong support for Tencent's technological innovation and product development.
Regarding revenue, Tencent achieved a revenue of 196.46 billion yuan in the first quarter, an increase of 9% year-on-year. Excluding the impact of new AI products, the Non-IFRS operating profit reached 75.63 billion yuan, up 9% year-on-year; considering the impact of AI products, the Non-IFRS operating profit increased by as much as 17%, reaching 84.4 billion yuan. At the same time, free cash flow reached 56.7 billion yuan, demonstrating Tencent's strong cash management capabilities.
Tencent's reorganized AI R&D team has comprehensively optimized AI infrastructure. The newly built Hy3 preview model performed well, consistently ranking at the top of the token consumption list on OpenRouter since April 28, and remained the number one in both weekly and overall rankings for three consecutive weeks after the trial period ended. This indicates that Tencent has formed a strong market competitiveness in AI technology.
In future planning, Tencent has set a clear development roadmap for AI technology, including short-term investment strategies for quick returns as well as long-term strategic layouts. With the gradual release of domestic chip supply, Tencent Cloud business is expected to experience large-scale growth. In addition, Tencent will focus on finding high-value application scenarios in the AI field and gradually promote the deep integration of AI technology with products such as WeChat.
Overall, Tencent's proactive layout and continuous investment in the AI field not only demonstrate the company's confidence in future development but also provide strong support for its core business growth. Through continuous innovation and technological breakthroughs, Tencent is moving towards a more intelligent future.
Key Points:
🌟 Tencent's first-quarter revenue was 196.46 billion yuan, an increase of 9% year-on-year, showing strong growth momentum.
🚀 AI R&D investment reached 22.54 billion yuan, and the Hy3 preview model performed excellently in the market, maintaining its leading position.
📈 Tencent has established a clear roadmap for AI, and will continue to expand cloud business and promote product integration in the future.
