---
title: "\"Major Banks\" Citigroup's Forecast for Tencent's Fourth Quarter Performance Last Year (Table)"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278515054.md"
description: "Citigroup's report released in late January predicts that Tencent's performance in the fourth quarter of 2025 will include: total revenue of RMB 191.882 billion, a year-on-year increase of 11.3%; value-added services revenue of RMB 87.987 billion, a year-on-year increase of 11.3%; online advertising revenue of RMB 41.01 billion, a year-on-year increase of 17.2%; fintech and enterprise services revenue and others of RMB 62.885 billion, a year-on-year increase of 7.6%; total gross profit of RMB 106.396 billion, a year-on-year increase of 17.4%; gross profit margin of 55.4%, an increase of 2.9 percentage points; net profit of RMB 54.01 billion, a year-on-year increase of 5.2%; non-International Financial Reporting Standards net profit of RMB 64.752 billion, a year-on-year increase of 17.1%"
datetime: "2026-03-10T08:11:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278515054.md)
  - [en](https://longbridge.com/en/news/278515054.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278515054.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/278515054.md) | [繁體中文](https://longbridge.com/zh-HK/news/278515054.md)


# "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%

-   Value-Added Services Revenue│87.987 billion RMB│+11.3%
    
-   Online Advertising Revenue│41.01 billion RMB│+17.2%
    
-   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%

### Related Stocks

- [TENCENT (00700.HK)](https://longbridge.com/en/quote/00700.HK.md)
- [Tencent Holdings Limited (TCTZF.US)](https://longbridge.com/en/quote/TCTZF.US.md)
- [Tencent Holdings Limited (TCEHY.US)](https://longbridge.com/en/quote/TCEHY.US.md)

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