# PaaS

Tencent Tops Estimates as Cloud Business Reaches Scaled Profitability, Buoyed by Enterprise AI Demand

Tencent beat fourth-quarter expectations with net profit of RMB 58.26 billion and revenue of RMB 194.37 billion, and said its cloud business has reached scaled profitability thanks to rising enterprise AI demand and stronger PaaS/SaaS uptake. While gaming and value-added services outperformed estimates, fintech and enterprise services slightly missed forecasts; the company proposed a final dividend of HKD 5.30 per share.