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<Research>Citi Forecasts for TENCENT's 4Q25 Results (Table)
Recommend
13
Positive
23
Negative
9
Results Breakdown│4Q25 Forecast│ YoY Change
Total revenue│RMB191.882 billion│+11.3%
- Value-added services revenue│ RMB87.987 billion│+11.3%
- Online advertising revenue│RMB41.01 billion│+17.2%
- Fintech and business services revenue and others│RMB62.885 billion│+7.6%
Gross Profit│RMB106.396 billion│+17.4%
Gross profit margin│55.4%│+2.9 ppts
Net profit│RMB54.01 billion│+5.2%
Non-IFRS net profit│RMB64.752 billion│+17.1%

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