Tencent Holdings Ltd. reported a better-than-expected 15% increase in revenue, extending the steady momentum that has appealed to investors even as the company avoids major spending on AI infrastructure.

China’s most valuable company posted 192.9 billion yuan ($27.2 billion) in sales for the September quarter, driven by a 43% jump in international gaming revenue, surpassing analysts’ forecasts.

Net income climbed about 19%, while shares of major shareholder Prosus NV rose more than 2% in European trading.