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<Results>TENCENT 1Q Non-IFRS NP Up 22% to RMB61.33B In Line
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TENCENT (00700.HK) announced its results for 1Q25 ended March, with a net profit of RMB47.821 billion, up 14.2% YoY and a basic EPS of RMB5.252.

Non-IFRS net profit for 1Q25 amounted to RMB61.329 billion, up 22% Y, in line with the forecast range of RMB58.1-64.054 billion made by 10 brokers as summarized by our reporters, ahead of the median of RMB59.258 billion. Non-IFRS basic EPS were RMB6.735.

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EBITDA was approx. RMB73.817 billion, up 13.4% YoY, while adjusted EBITDA increased by 17.8% to RMB81.559 billion. 1Q25 revenue amounted to RMB180.022 billion, up nearly 12.9% YoY, higher than the upper end of the forecast range of RMB175 billion to RMB177.1 billion by the 10 brokers as consolidated by our reporters.
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