Tencent stock: Q3 results set for November 18 as AI spending weighs
Published on 11/01/2026 at 17:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSWhat investors will watch next
- Tencent is scheduled to publish its third-quarter results on November 18, 2026.
- Analysts expect continued revenue growth, while higher AI investment may weigh on near-term operating profit.
- Domestic gaming and advertising are expected to support growth as overseas gaming faces a tougher comparison.
Tencent is scheduled to publish its third-quarter 2026 results on Wednesday, November 18. The company's investor relations page lists the release in its 2026 calendar, while Futu's Oct. 15 earnings preview provides the market context.
Futu reported that GF Securities expects Tencent's third-quarter revenue to reach RMB 209.8 billion, an increase of 9 percent from a year earlier. UBS expects revenue growth of 7 percent. The forecasts point to continued expansion, but they also frame the quarter around the cost of Tencent's artificial intelligence build-out.
AI investment meets resilient demand
Futu said UBS estimates AI-related operating expenses at RMB 16 billion for the quarter and adjusted operating profit at RMB 71 billion, down 2 percent year over year. GF Securities expects adjusted operating profit of RMB 70 billion, a 4 percent decline. The figures suggest that infrastructure depreciation and research spending could absorb part of the benefit from higher-margin activities.
Advertising is expected to remain a major growth driver, with the two research houses cited by Futu forecasting an 18 percent year-over-year increase. Domestic gaming revenue is forecast to grow by 12 to 13 percent, while overseas gaming revenue is expected to decline by 3 to 6 percent as Supercell faces a high comparison base and a limited new-title pipeline.
Futu also reported that UBS raised its Tencent target price by 3.9 percent to HKD 740, while GF Securities set a fair target price of HKD 644.54. These analyst estimates remain forward-looking and will be tested by the official results next week.
Tencent stock traded at 43.89 euros on Lang & Schwarz at 17:18 CET on Sunday, November 1, 2026.
Investors can follow the real-time quote of Tencent stock separately.
Tencent Holdings stock
- Company: Tencent Holdings Ltd.
- ISIN: KYG875721634
- Ticker: 0700.HK
- Lang & Schwarz quote: 43.89 euros at 17:18 CET on November 1, 2026
Broader market context is available in Current market reports.
Further attention remains on whether Tencent can convert its AI infrastructure spending into commercial growth across cloud, enterprise software and consumer services. More updates are available in More news and analyses on Tencent stock.
