[BUSINESS]■ STORY TIMELINE

TENCENT MISSES Q1 REVENUE TARGET AMID AI COSTS

Tencent reported Q1 revenue of $28.9 billion, up 9% year-over-year but falling short of the $29.4 billion estimate. Net income hit $8.5 billion, meeting expectations, as the Chinese tech giant invests heavily in artificial intelligence.

1 SOURCEFIRST SEEN MAY 13, 09:56 AM► READ THE ARTICLE

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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)

Bloomberg: Tencent reports Q1 revenue up 9% YoY to ~$28.9B, below ~$29.4B est., and net income of ~$8.5B, meeting est.,…

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