Pony Ma on Q1 2026 financial results
From Tencent Holdings Q1 2026 Earnings Call | Net Income Jumps 62% On Gaming Recovery And Ad AI Tools · · Investing 101
“Looking at our financial numbers for the first quarter, total revenue was 196 billion R&B up 9% year. Adjusting from for the impact on revenue recognition for our value added services from the la the later spring festival this year compared to last year. Total revenue would have increased 11% year on year.”
On , Pony Ma, CEO at Tencent, spoke about Q1 2026 financial results during Tencent Holdings Q1 2026 Earnings Call | Net Income Jumps 62% On Gaming Recovery And Ad AI Tools on Investing 101.
About Pony Ma
Pony Ma, chairman and CEO of Tencent, stated during the company's first quarter 2026 earnings call that the firm made "significant initial progress" on new AI products while continuing to use AI to grow existing core businesses. He noted that Tencent's Hunyuan model, built by a revamped AI research team, was "top ranked in open looter token measure since April 28th" and described it as a leader in its parameter class for cost efficiency. Ma also said that Tencent's core businesses continued to grow engagement, revenue, and profit, providing cash flow to fund AI investments. Ma reported that total revenue for the first quarter was 196 billion RMB, up 9% year-on-year, and that adjusting for the later Spring Festival would show an 11% increase. He highlighted that the games "Honor of Kings" and "Peacekeeper Elite" achieved record gross receipts in the quarter, while the newly released "Creator Collecting Gain" and "Local Kingdom World" saw breakout success. Ma discussed AI investments as a portfolio, noting that deploying GPUs into advertising yields short-cycle returns, while investments in foundation models are viewed as important for the company's long-term franchise.