Tencent reported total revenue of CN¥196.458 billion (approx. ₩43.207 trillion) for the first quarter of 2026, a 9% increase year-on-year. Operating profit reached CN¥67.375 billion (approx. ₩14.8178 trillion), up 17% from the same period last year, with the operating margin rising 2 percentage points from 32% to 34%. Net profit grew 19% to CN¥59.392 billion (approx. ₩13.0621 trillion).

Domestic (Chinese) gaming revenue rose 6% to CN¥45.4 billion (approx. ₩9.9848 trillion). Major titles such as 'Honor of Kings,' 'Peacekeeper Elite,' and 'Delta Force' achieved record-high quarterly revenue, while 'Valorant Mobile' also contributed as a key revenue driver.

'Delta Force' met Tencent's criteria for an 'Evergreen Game' this quarter (defined as having a quarterly average of 5 million mobile DAU or 2 million PC DAU, and over CN¥4 billion in annual gross revenue). Tencent explained that because the Lunar New Year fell later than last year, some revenue recognition was deferred to the next quarter, causing the gross revenue growth rate (mid-teens) to significantly outpace the recognized revenue growth rate (6%).

Overseas gaming revenue reached CN¥18.8 billion (approx. ₩4.1347 trillion), a 13% increase year-on-year. Supercell's 'Clash Royale,' Kuro Games' 'Wuthering Waves,' and the PC version of 'Valorant' served as the primary revenue sources.

While Tencent did not disclose the specific amount, it stated that 'Peacekeeper Elite' recorded its highest-ever quarterly revenue. 'Peacekeeper Elite' operates under a licensing structure for the PUBG IP held by Krafton.

During the earnings call, Tencent CEO Pony Ma emphasized the concurrent growth of new AI products and core businesses, stating that the company plans to continue its trend of expanding AI investment.

CEO Ma assessed that the company's AI business has entered a phase of tangible results. He stated, "We began 2026 by achieving meaningful initial results with new AI products while simultaneously sustaining growth in our core businesses through the application of AI."

He also expressed confidence in the company's self-developed Large Language Model (LLM). CEO Ma explained, "The 'Hunyuan 3' (Hy3) preview model was built on a newly reorganized AI research team and redesigned AI infrastructure. It is a leading model that offers top-tier practicality and cost-efficiency among models of the same parameter scale," adding, "It has maintained the No. 1 spot in token usage on OpenRouter since April 28."

He also expressed confidence in the performance of the company's productivity AI agent sector, noting, "Our "WorkBuddy" is currently the most widely used productivity AI agent service in China."

He further highlighted the virtuous cycle between existing businesses and AI investment. CEO Ma emphasized, "Our core businesses are seeing continuous growth in user engagement, revenue, and profit. This provides the cash flow necessary for AI investment while simultaneously offering use cases for future AI integration."