Eneva’s Q2 Profit Collapses 91.4% Even as Revenue Climbs 13%

Eneva's Q2 2026 net profit collapsed 91.4% to R$31.2 million as expiring thermal contracts and a Pecem II deconsolidation bit, even though revenue rose 13.1% and its plants ran harder than ever.

Tencent stock was down 26% so far in 2026 as the company faces intense competition in China in AI and investors grow jittery about its rising spending.

Tencent Q2 revenue climbs 11% on AI-driven ad gains, but profit falls short  Reuters

BEIJING, Aug 12 : Tencent Holdings reported an 11 per cent rise in second-quarter revenue on Wednesday, driven by strong advertising sales and steady gaming income, as the Chinese technology giant ramps up AI spending.For the three months to the end of June, the Shenzhen-based gaming and internet company reported reven