Updated Mar 21, 2026 by Tencent
Tencent reported 2023 total revenue of RMB 609 billion, a 9.8% year-on-year increase, with operating profit surging 44% to RMB 160 billion.
Non-IFRS profit grew 36% to RMB 158 billion, despite a 39% decline in net profit attributable to equity holders to RMB 115 billion.
The company set aggressive 2027 strategic targets, including R&D investment of USD 78.5–94.1 billion and overseas expansion funding of USD 31.4–47.1 billion.
Gross profit rose 23% to RMB 293 billion, improving the gross margin to 48% and the operating margin to 26%.
Operating cash flow reached RMB 221.96 billion, while total borrowings increased to RMB 197.4 billion.
The board proposed a final dividend of HKD 3.40 per share and granted approximately 58 million share-option awards without performance conditions.
External auditors identified revenue recognition for virtual items, goodwill impairment, and fair-value measurement of Level 3 financial instruments as the primary audit focus areas.
Tencent reported 2023 total revenue of RMB 609 billion, a 9.8% year-on-year increase, with operating profit surging 44% to RMB 160 billion.
Non-IFRS profit grew 36% to RMB 158 billion, despite a 39% decline in net profit attributable to equity holders to RMB 115 billion.
The company set aggressive 2027 strategic targets, including R&D investment of USD 78.5–94.1 billion and overseas expansion funding of USD 31.4–47.1 billion.
Gross profit rose 23% to RMB 293 billion, improving the gross margin to 48% and the operating margin to 26%.
Operating cash flow reached RMB 221.96 billion, while total borrowings increased to RMB 197.4 billion.
The board proposed a final dividend of HKD 3.40 per share and granted approximately 58 million share-option awards without performance conditions.
External auditors identified revenue recognition for virtual items, goodwill impairment, and fair-value measurement of Level 3 financial instruments as the primary audit focus areas.