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Tencent Posts 9% Revenue Growth Despite Missing First-Quarter Forecasts

Tencent reported first-quarter 2026 revenues of 196.9 billion Chinese yuan, representing 9% year-over-year growth but falling short of analyst expectations of 199 billion yuan. CEO Ma Huateng highlighted the company's progress on new artificial intelligence initiatives launched this year, noting the firm is leveraging AI capabilities to expand existing revenue streams. Tencent's established businesses generated improved engagement and profitability metrics during the quarter. These core divisions are providing financial resources to fund AI research and development efforts and will serve as testing grounds for deploying future AI applications across its portfolio.