China's Tencent sees boost from gaming, AI demand even as revenue comes in weaker than expected

Chinese tech giant Tencent on Wednesday reported revenues rose 9% in its first-quarter 2026 earnings, but missed analyst expectations. Here's how Tencent did in its first-quarter earnings for 2026, compared to LSEG analyst forecast data: Revenue: 196.5 billion Chinese yuan ($28.9 billion), compared to estimates of 199 billion Chinese yuan. Domestic games revenues: 45.4 billion Chinese yuan, up 6% year-on-year, but a slowdown compared to the 24% rise the segment saw in the first quarter of 2025. …