TechMeme May 13, 2026
Tencent reports Q1 revenue up 9% YoY to ~$28.9B, below ~$29.4B est., and net income of ~$8.5B, meeting est., amid a costly AI pivot; its stock is down 23% YTD (Bloomberg)
Tencent's Q1 revenue grew 9% YoY to $28.9B. Net income was $8.5B, meeting estimates. Revenue growth was the slowest in six quarters.