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Tencent Conference Call: Advertising and Gaming Benefit from AI Deployment, Total Game Traffic Resumes Growth
Specifically, among Tencent's three main businesses, revenue from the value-added services business fell 0.9% year-on-year in the first quarter of 2024. Tencent said that with the implementation of various government economic stimulus measures, Tencent expects this trend to gradually reverse and the fintech business to resume growth. Moreover, Tencent has achieved initial results in monetizing SaaS products that have been provided free of charge for a long time. Tencent will continue to steadily advance the monetization process of SaaS services in the future. In the advertising business, Tencent continues to innovate advertising technology and uses AI to optimize advertising targeting to enhance its competitiveness and efficiency. In the game business, Tencent expects that with the advancement of technology, the mixed-element big model can be developed into multi-modal AI in the future, which can create high-quality video content and further help game production.
Hang Seng Index closed at night (5.15) | Hang Seng Index closed at 19062 points at night (May), a low of 12 points
The Zhitong Finance App learned that as of May 15, the Hang Seng Index closed at night (May) at night (May), down 15 points or 0.079%, down 12 points. The total number of open contracts was 13,0009, a decrease of 11,786; the net number of open contracts was reported at 56,635, an increase of 2,359.
Earnings Call Summary | Tencent(TCEHY.US) Q1 2024 Earnings Conference
The following is a summary of the Tencent Holdings (TCEHY) Q1 2024 Earnings Call Transcript:Financial Performance:Tencent reported Q1 2024 total revenue of RMB 160 billion, an increase of 6% year-on-y
Alibaba Stock Dips as Huge Investment Losses In Q4 Overshadow Revenue Growth and Dividend
Alibaba stock is trading lower Tuesday after the company reported its quarterly results.
Tencent Non-GAAP EPS of RMB5.26, Revenue of RMB159.5B
Tencent's net profit for the first quarter surpassed expectations, up 62% year on year, and will increase repurchase efforts in the future | Financial News
Video accounts, etc. are driving the growth of the advertising business and offsetting the decline in the game business. Tencent said that the cumulative repurchase of HK$14.8 billion in the first quarter reached a record high, and this year it will step up efforts to implement the 2024 repurchase plan of over 100 billion yuan.