Tencent reported first quarter revenue of 159.5 billion yuan, compared with market expectations of 158.81 billion yuan.
First quarter net profit of 41.9 billion yuan, the market expected 34.5 billion yuan.
First quarter Non-IFRS profit of 50.2 billion yuan.
Tencent stepped up its buyback plan, and is on track to repurchase over HKD100 billion of its shares in 2024, as well as paying an increased dividend, while investing in AI technology, platform enhancements and high production value content.