Tencent reported a 9% year-over-year revenue increase for the first quarter of 2026. Total revenue reached 196.5 billion yuan ($28.9B). This result fell short of the 199.4 billion yuan average analyst forecast. The performance marks the company's slowest revenue growth in six quarters.
Adjusted net profit rose 11% during the period. Profit reached 67.9 billion yuan ($8.5B), meeting market expectations.
Tencent plans to more than double its investment in artificial intelligence this year. This aggressive spending pressures margins even as AI enhances core advertising and gaming segments. The rising costs amplify market concerns regarding the company's substantial AI commitments.