China's Tencent sees boost from gaming, AI demand even as revenue comes in weaker than expected
The tech giant reported its first-quarter 2026 earnings on Wednesday.
AI Summary
Tencent reported first-quarter 2026 revenues of 196.5 billion Chinese yuan ($28.9 billion), representing 9% growth but falling short of analyst expectations of 199 billion yuan. The company's CEO highlighted progress in developing new AI products while using AI to strengthen existing core businesses, which continue to generate engagement, revenue, and profit to fund further AI investments.