Tencent Holdings is trading 3.43% down now at $57.48 after second-quarter profit missed expectations.
- Revenue reached 204.8 billion yuan, while net profit rose only 0.7% to 56 billion yuan.
- AI-related infrastructure investment pushed capital expenditure to 52.8 billion yuan, weighing on margins and investor sentiment.
- Gaming and advertising revenue growth was stronger, but markets focused on slower earnings growth and escalating AI costs.