以下为腾讯 FY25 一季度的财报电话会纪要，财报解读请移步《 腾讯：狂投不含糊，股王已被 AI"香" 到了！ 》 一、财报核心信息回顾 | Tencent (700.HK) Earnings Results | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Figures in RMB 100mn | | | | | | | | | | | | | 1Q24A | | | | | | | 2Q24A 3Q24A 1Q25A Consensus | 4Q24A | | | Actual vs Consensus | | Group Total revenues | | | | | | | 1595 1611 1672 | 1724 | 1800 | 1757 | 2.45% beat | | yoy | | | | | | | 6.3% 8.0% 8.1% | 11.1% | 12.9% | 10.2% | | | Gross profit GPM | | | ...