Tencent Posts 15% Revenue Jump, Sustaining Growth Without Splashy AI Bets

Tencent Holdings Ltd. posted a faster-than-anticipated 15% rise in revenue, sustaining the steady growth that’s helped the social media leader attract investors despite eschewing splashy investments in AI infrastructure.

China’s most valuable company reported sales of 192.9 billion yuan ($27.2 billion) for the three months ended September, propelled by a better-than-estimated 43% surge in international gaming revenue. Net income jumped about 19%. Shares in major shareholder Prosus NV gained more than 2% in Europe.