People watch a robot demonstration at the booth of Intel during the Tencent Global Digital Ecosystem Summit in Shenzhen, south China's Guangdong Province on Sept. 5, 2024. [Photo/Xinhua]

Chinese internet giant Tencent's revenue for 2024 increased 8 percent year on year to reach 660.3 billion yuan (about 92.02 billion U.S. dollars), according to its financial results released on Wednesday.

Tencent's gross profit and operating profit also increased by 19 percent and 24 percent last year, respectively.

In the fourth quarter alone, the company's revenue increased 11 percent year on year to 172.45 billion yuan, while operating profit surged 21 percent to 59.48 billion yuan.

AI technology played a crucial role in driving business innovation and fueling high-quality growth throughout the year, according to the financial report.

Meanwhile, Tencent Video's paid memberships continued to expand, reaching 113 million in 2024, while its music annual subscription revenue climbed to 15.23 billion yuan, up 25.9 percent year on year.