Tencent Holdings stock trades at EUR 48.27 ahead of results

Published on 10/01/2026 at 11:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 11.00 percent to CNY 204.8 billion. Tencent Holdings stock was at EUR 48.27 on October 1, 2026 versus EUR 48.33.

Tencent, KYG875721634, Illustration mit AI erstellt.

Tencent Holdings Ltd. stock (ISIN KYG875721634) was trading at EUR 48.27 at Lang & Schwarz on October 1, 2026 at 11:11 a.m. CEST, down 0.12 percent from the prior close of EUR 48.33. Econ Calendar lists November 18, 2026, as Tencent's next official Hong Kong results date.

Revenue grows by 11.00 percent

In the second quarter of 2026, Tencent generated CNY 204.8 billion in revenue, an 11.00 percent year-on-year increase. According to Yahoo Finance on August 12, 2026, operating profit reached CNY 67.3 billion, up 12.00 percent year on year, while non-IFRS operating profit was CNY 75.6 billion, up 9.00 percent.

The operating mix adds detail to the headline growth. Marketing services revenue rose 22.00 percent to CNY 43.6 billion in the quarter, while domestic games revenue increased 17.00 percent, according to the same Tencent results transcript.

AI spending raises the cash question

Tencent's second-quarter investment cycle was more demanding than the revenue line alone suggests. Operating capital expenditure reached CNY 51.8 billion, up 190.00 percent year on year, and free cash flow was negative CNY 13.8 billion after AI infrastructure spending and related prepayments.

Management said free cash flow would have been positive CNY 37.6 billion excluding compute prepayments. That contrast gives investors a concrete way to measure the AI strategy: core growth remains visible, while near-term cash conversion is absorbing a larger infrastructure bill.

Analyst targets remain above HKD 431

Investing.com shows an average 12-month analyst target of HKD 664.07 and reports 40 buy recommendations against 1 sell recommendation. The same page lists a November 10, 2026, earnings estimate, while the official HKEX calendar date is November 18, 2026.

Tencent's Hong Kong listing is 0700 on HKEX, where the October 1, 2026, quote was HKD 431.00 and the 52-week range was HKD 411.00 to HKD 683.00. The Lang & Schwarz euro quote is a separate German trading reference and should not be combined with those HKD figures.

Stock trades below prior close

The Lang & Schwarz quote was EUR 48.27 on October 1, 2026 at 11:11 a.m. CEST, versus a prior close of EUR 48.33, a daily change of minus 0.12 percent. Tencent's market capitalization was HKD 3.9 trillion as of October 1, 2026.

The further course of trading is shown by the continuously updated real-time quote of Tencent Holdings stock.