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<Research>Nomura Expects TENCENT (00700.HK) 2Q Rev. to Grow 10% YoY
Nomura released a research report estimating TENCENT (00700.HK)'s 2Q25 revenue to be RMB177 billion, up 10% YoY, slightly below market consensus by 1%. Of which, online adverti...
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<Research>Nomura Expects TENCENT (00700.HK) 2Q Rev. to Grow 10% YoY
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Nomura released a research report estimating TENCENT (00700.HK)  +1.000 (+0.193%)    Short selling $477.68M; Ratio 13.001%   's 2Q25 revenue to be RMB177 billion, up 10% YoY, slightly below market consensus by 1%.

Of which, online advertising revenue is expected to grow by 18% YoY, primarily driven by video account ads, which may account for a quarter of the advertising segment. Fintech and business services revenue is projected to hike by 5%, while online game revenue is anticipated to increase by 15% YoY.

Related NewsM Stanley Lifts TENCENT's TP to HKD650, Anticipates Stable Rev. & Earnings Growth for 2Q25
Therefore, Nomura kept rating at Buy on TENCENT, with a target price of $670.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-18 12:25.)

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