Tencent Holdings Ltd. posted second-quarter revenue of 184.5 billion yuan ($25.7 billion), a 15% year-on-year increase that beat the 178.9 billion-yuan consensus. Net income rose 17% to 55.6 billion yuan, while non-IFRS profit reached 63.1 billion yuan, also ahead of analyst estimates. Growth was driven by the company’s gaming franchise, with domestic titles generating 40.4 billion yuan, up 17%, and international games bringing in 18.8 billion yuan, a 35% jump. Advertising sales benefited from AI-powered targeting tools, lifting marketing services revenue roughly 20% to 35.8 billion yuan. Management said continued investment in artificial intelligence is reinforcing product development across its social-media and payments businesses. The stronger-than-expected results sent Tencent’s shares up about 15% to HK$572.50 in Hong Kong, their highest level since July 2021. The rally helped push the Hang Seng Tech Index 2.6% higher and lifted the broader Hang Seng Index more than 2%. Onshore sentiment also improved as combined turnover on the Shanghai and Shenzhen exchanges surpassed 2 trillion yuan for the first time since February, coinciding with margin-financing balances breaching the same threshold. Investor confidence was further underpinned by earnings at Tencent’s music subsidiary. Tencent Music Entertainment reported second-quarter revenue of $1.18 billion, up 18% year on year, and net profit of $336 million, supported by a 17% rise in subscription income.