Tencent Q2 revenue rose 11% to RMB 204.8B, driven by AI ad gains, but IFRS net profit missed estimates as capex surged 176% on AI infrastructure.

For the three months ended June, the Shenzhen-based gaming and internet company reported revenue of 204.8 billion yuan ($30.36 billion), in line with analyst estimates of…

Tencent stock was down 26% so far in 2026 as the company faces intense competition in China in AI and investors grow jittery about its rising spending.