"Major Banks" Citigroup's Forecast for Tencent's Fourth Quarter Performance Last Year (Table)
Citigroup published a report in late January, listing Tencent (00700.HK) fourth quarter performance forecast for last year:
Performance Breakdown│Q4 2025 Forecast│Year-on-Year Change
Total Revenue│191.882 billion RMB│+11.3%
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Value-Added Services Revenue│87.987 billion RMB│+11.3%
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Online Advertising Revenue│41.01 billion RMB│+17.2%
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Financial Technology and Enterprise Services Revenue and Others│62.885 billion RMB│+7.6%
Total Gross Profit│106.396 billion RMB│+17.4%
Gross Margin│55.4%│+2.9 percentage points
Net Profit│54.01 billion RMB│+5.2%
Non-IFRS Net Profit│64.752 billion RMB│+17.1%
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