Tencent Holdings shares rose steadily as gaming revenues and investor confidence drove a substantial market rebound

Tencent Holdings Ltd. Shares rose 11% over the past three months, reaching HK$651 amid strong growth in gaming revenue. The Chinese tech giant is seen as a safer investment amid growing concerns that the AI-driven tech bubble may be overheating, potentially accelerating this year’s $280 billion gain in its market value.

According to Google Finance, Tencent Holdings Ltd. (0700 HKG) dropped 0.91% to HK$651.00 from the previous close of HK$657.00 on Thursday. The stock moved between HK$645.00 and HK$654.50 during the day, remaining close to the top of its 52-week range of HK$364.80 to HK$683.00. 

Additionally, Tencent has a market capitalization of HK$5.96 trillion, with an average daily trading volume exceeding 16 million shares.

Tencent Holdings shares rise as mobile games grow

Tencent Holdings stock has remained relatively stable over the past week, yielding investors a slight profit.  Given that Tencent stock has risen 11% over the past three months, market observers are analyzing how these moves fit within the company’s broader growth narrative.

Tencent reveals a total shareholder return of 62.38% over the previous year and a share price return of 56%. 25% with a 56.25%  this year. 

According to Simply Wall St., these gains indicate rising trust in the company’s growth story and its ability to handle an altering market environment, even though recent weeks have seen stable trade.

According to Sensor Tower’s data, 32 Chinese companies made the short list of the top 100 global mobile game publishers by revenue in October 2025. Collectively, the firms consumed US$2.01 billion, or 35.6% of the total revenue of publishers on the list. In the same period, TENCENT (00700.HK) remained the leading publisher of mobile games worldwide based on revenue. 

Tencent Holdings has developed a triple-driver model for gaming that includes new game releases, stability of legacy games, and increased momentum overseas. On August 26, Tencent unveiled new games, including Delta Force Fate Trigger, Honour of Kings, World, and Project Spectrum, at gamescom ONL, presented by Geoff Keighley. 

Innovative operational strategies, such as collaboration with Sanxingdui and offering free, limited-time coupons, boosted users’ engagement in Tencent’s mobile game, Honor of Kings (HoK). Due to increased user engagement, HOK experienced a 32% revenue increase in October.

In the last season, “Delta Force” showed strong performance. The HunYuan Game AI model’s advancements in automated scene generation and NPC  decision-making intelligence have enhanced the game experience.

On September 21, during its anniversary celebration, the product’s daily active users (DAU) exceeded 30 million.

According to Tencent Holdings Ltd. As of the October monthly return, the total number of issued shares decreased by 8.23 million to 9.14 billion, resulting from buybacks and option exercises. Tencent cancelled 9.14 million shares that had been repurchased on October 20.

 The tech giant issued 903,821 more shares under the 2023 Share Option Scheme. 

CLSA anticipates an increase in Tencent’s revenue and profitability in 3Q25

According to the report released by Credit Lyonnais Securities Asia (CLSA), Tencent is expected to produce strong results for the third quarter of 2025. CLSA predicts that total revenue and adjusted EBIT will increase by 14% and 21% year-over-year to RMB 190 billion and RMB 74.1 billion.

In particular, CLSA anticipated that Tencent’s online gaming company would expand by 18% year-over-year. CLSA also forecast that Tencent’s online advertising revenue might increase by 20% due to the rise in transformation and technology advancements at that time.

Additionally, CLSA expects that Tencent’s commercial services income will increase by more than 20% year-over-year.

CLSA increased its adjusted net profit forecasts for Tencent’s fiscal years 2025 and 2026 by 0.8% in response to an upward revision of high-margin advertising revenue growth to roughly 20% for 2025. Tencent is still rated as a “High Conviction Outperform,” meaning it is the biggest beneficiary of AI applications.

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