Tencent (Reporting Wednesday, August 13, 2025)
1. Earnings & Revenue Expectations
Analysts anticipate EPS of approximately $0.98 and revenue around $24.83 billion (USD) .
2. YoY Growth (in RMB)
Brokers estimate revenue growth of 10–11.9% YoY, with a median forecast of RMB 178.9 billion .
Non-IFRS net profit is projected to rise 3.9–10.9% YoY, with a median of RMB 61.9 billion .
On a net profit basis, forecasts range between 4.5–16.8% YoY growth, with a median estimate of RMB 52.05 billion .
3. Key Areas to Watch
Momentum in gaming, especially new titles like "Valorant: Operation Source" and emerging pipelines.
Advertising revenue, particularly as AI tools optimize targeting and performance.
Cloud and fintech expansion, including growth in AI-assisted services.
Further share buyback guidance, following aggressive repurchases earlier in the year .
The report is scheduled for Wednesday evening in Hong Kong after market close .
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Alibaba (Reporting Friday, August 15, 2025)
Although precise Q2 (June quarter) estimates are less definitive, here are the relevant insights:
1. Context & Strategy
Alibaba is contending with macroeconomic headwinds and elevated US-China trade uncertainty, making domestic stimulus and AI investment increasingly crucial .
In the preceding March quarter, AI-driven cloud services demonstrated significant acceleration: Cloud Intelligence Group grew 18% YoY, with AI-related revenue delivering triple-digit growth for the seventh consecutive quarter .
2. What Analysts Watch
Resilience in e-commerce platforms such as Taobao and Tmall.
Scaling momentum in cloud and AI services—a core growth engine under its “AI-driven” strategy.
Signs that international commerce and diversification beyond domestic China are bearing fruit .
3. Valuation Signals
Long-term sentiment remains constructive, with analysts' 12-month price targets averaging between $144–$165, and many ratings maintaining ‘Buy’ or ‘Overweight’ .
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Summary Table
Company Report Date Key Indicators to Watch
Tencent Wednesday, August 13 EPS/revenue vs. expectations; gaming, AI-driven advertising, cloud/scaling, buybacks
Alibaba Friday, August 15 E-commerce resilience; strength in AI/cloud; international expansion; margin trends
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What to Expect
Tencent: Results here may hinge on whether AI continues to bolster its core verticals and if gaming and ad growth sustain momentum amid broader regulatory and competitive challenges.
Alibaba: A strong AI and cloud narrative could reignite investor enthusiasm, especially if international growth offsets domestic softness.
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