0330 GMT - Tencent is expected to deliver solid performance across its business segments in 4Q 2025, with total revenue estimated to have grown about 12% on year, Jefferies analysts Thomas Chong and Zoey Zong say in a note. They forecast revenue growth in online games segment on its best-in-class titles and expertise in nurturing evergreen games. Revenues of its marketing services and fintech and business services are also projected to have grown, supported by recent trends in consumer sentiment and AI adoption. Its social ecosystem gives it a competitive edge over peers amid macro headwinds and intensified competition, they add. Jefferies reaffirms Tencent as its top China internet pick for 2026 with a buy rating and a HK$795 target price. Shares last traded at HK$617.50.(jason.chau@wsj.com)
(END) Dow Jones Newswires
January 15, 2026 22:30 ET (03:30 GMT)
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