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TENCENT ANNOUNCES 2025 FIRST QUARTER RESULTS

Published

1 year ago

on

Sustained High Quality Revenue Growth
Operating Leverage to Support Strategic AI Investments over Longer Term

HONG KONG, May 14, 2025 /PRNewswire/ — Tencent Holdings Limited (HKEX: 00700 (HKD Counter) and 80700 (RMB Counter), “Tencent” or “the Company”), a world-leading Internet and technology company in China, today announced the unaudited consolidated results for the quarter ended 31 March 2025 (“1Q2025”).

Mr. Ma Huateng, Chairman and CEO of Tencent, said, “During the first quarter of 2025, our high-quality revenue streams sustained their solid growth trajectory. AI capabilities already contributed tangibly to businesses, such as performance advertising and evergreen games. We also stepped up our spending on new AI opportunities, such as the Yuanbao application and AI in Weixin. We believe the operating leverage from our existing high-quality revenue streams will help absorb the additional costs associated with these AI-related investments and contribute to healthy financial performance during this investment phase. We expect these strategic AI investments will create value for users and society, and generate substantial incremental returns for us over the longer term.”

1Q2025 Financial Highlights
Revenues: +13% YoY, gross profit: +20% YoY, non-IFRS[1] operating profit: +18% YoY

Total revenues were RMB180.0 billion (USD25.1 billion[2]), up 13% over the first quarter of 2024.Gross profit was RMB100.5 billion (USD14.0 billion), up 20% YoY.On a non-IFRS basis, which is intended to reflect core earnings by excluding certain one-time and/or non-cash items:Operating profit was RMB69.3 billion (USD9.7 billion), up 18% YoY. Operating margin increased to 39% from 37% last year.Profit for the period was RMB 62.7 billion (USD8.7 billion), up 22% YoY.Profit attributable to equity holders of the Company for the period was RMB61.3 billion (USD8.5 billion), up 22% YoY.Basic earnings per share were RMB6.735. Diluted earnings per share were RMB6.583.On an IFRS basis:Operating profit was RMB57.6 billion (USD8.0 billion), up 10% YoY. Operating margin decreased to 32% from 33% last year.Profit for the period was RMB49.7 billion (USD6.9 billion), up 17% YoY.Profit attributable to equity holders of the Company for the quarter was RMB47.8 billion (USD6.7 billion), up 14% YoY.Basic earnings per share were RMB 5.252. Diluted earnings per share were RMB5.129.Capital expenditure was RMB27.5 billion (USD3.8 billion), up 91% YoY.Total cash was RMB476.0 billion (USD66.3 billion) and free cash flow was RMB47.1 billion (USD6.6 billion), down 9% YoY. Net cash position totalled RMB90.2 billion (USD12.6 billion).As at 31 March 2025, fair value of our shareholdings[3] in listed investee companies (excluding subsidiaries) totalled RMB653.4 billion (USD91.0 billion) and the carrying book value of our shareholdings in unlisted investee companies (excluding subsidiaries) was RMB337.9 billion (USD47.1 billion). During the first quarter of 2025, the Company repurchased approximately 43.0 million shares on the Hong Kong Stock Exchange for a consideration of approximately HKD17.1 billion.

[1] Non-IFRS adjustments excludes share-based compensation, M&A related impact such as net (gains)/losses from investee companies, amortisation of intangible assets, impairment provisions/(reversals), SSV & CPP, income tax effects and others

[2] Figures stated in USD are based on USD1 to RMB7.1782

[3] Including those held via special purpose vehicles, on an attributable basis

1Q2025 Business Review and Outlook

We provided more onboarding support for Mini Shops merchants, in order to enrich the range of branded product listings, contributing to rapid year-on-year growth in GMV.We rolled out AI features within Weixin to provide more interactive user experiences and increase productivity for content creators and developers. For example, we integrated our AI service Yuanbao as a Weixin contact, powered Weixin Search with large language models (LLMs), and provided a text-prompt image generating tool for Official Accounts.Tencent Video maintained its leading position in China’s long-form video market with 117 million[4] video subscribers. Tencent Music sustained its industry leadership in China’s music streaming market with 123 million[5] music subscribers.Several of our evergreen games, including Honour of Kings and CrossFire Mobile, achieved record high levels of gross receipts during the seasonally strong first quarter.Delta Force‘s domestic user base reached a post-launch record of 12 million peak DAU in April 2025. Delta Force became the sixth most popular mobile game by average DAU industry-wide[6], and the highest-DAU new game released in the last three years industry-wide.We upgraded our advertising technology platform with enhanced generative AI capabilities, such as improved image generation and video editing to accelerate advertisement creation, digital human solutions to facilitate live streaming activities, and deeper understanding of merchandise and user interests to deliver better recommendations.Tencent Cloud’s audio and video solutions ranked first by revenue for the seventh consecutive year in China[7]. We enhanced the audio and video solutions’ content generation, media processing and real-time interaction experience by integrating LLM capabilities.

[4] The average daily number of paying users for the first quarter of 2025

[5] The average number of paying users as of the last day of each month during the first quarter of 2025

[6] By DAU among mobile games in domestic market during the first quarter of 2025, according to QuestMobile

[7] During 2018-2024, according to IDC

Operating Metrics 

As at

31 March

2025

As at

31 March

2024

Year-

on-year

change

As at

31 December

2024

Quarter-

on-quarter

change

(in millions, unless specified)

Combined MAU of Weixin               

  and WeChat

1,402

1,359

3 %

1,385

1 %

Mobile device MAU of QQ                                     

534

553

-3 %

524

2 %

Fee-based VAS paying

  users

268

260

3 %

262

2 %

1Q2025 Management Discussion and Analysis

Revenues from VAS increased by 17% year-on-year to RMB92.1 billion for the first quarter of 2025. Domestic Games revenues were RMB42.9 billion, representing a 24% year-on-year increase from a low base in the same period last year, driven by growth in revenues from Honour of Kings and Peacekeeper Elite, as well as contributions from recently released DnF Mobile and Delta Force. International Games revenues were RMB16.6 billion, reflecting a 23% year-on-year increase (22% increase on a constant currency basis), driven by growth in revenues from Brawl Stars, Clash Royale and PUBG MOBILE. Social Networks revenues rose by 7% year-on-year to RMB32.6 billion, driven by growth in app-based game virtual item sales, music subscription revenues and Mini Games platform service fees.

Revenues from Marketing Services[8] were RMB31.9 billion for the first quarter of 2025, reflecting a 20% year-on-year increase. This growth was primarily due to robust advertiser demand for Video Accounts, Mini Programs and Weixin Search inventories, supported by higher user engagement, ongoing AI upgrades to our advertising platform, and improvements to the transaction ecosystem within Weixin. Marketing Services revenues increased across most major industry categories during the quarter.

Revenues from FinTech and Business Services increased by 5% year-on-year to RMB54.9 billion for the first quarter of 2025. FinTech Services revenue growth was due to higher revenues from consumer loan services and wealth management services. Business Services revenue growth was driven by an increase in cloud services revenues and eCommerce technology service fees.

For other detailed disclosure, please refer to our website https://www.tencent.com/en-us/investors.html, or follow us via Weixin Official Account (Weixin ID: TencentGlobal).

[8] Starting third quarter of 2024, we have renamed this revenue segment from “Online Advertising” to “Marketing Services” to better represent the breadth of our marketing solutions and accompanying technology services across our online marketing properties

About Tencent

Tencent uses technology to enrich the lives of Internet users.

Our communication and social services, Weixin and QQ, connect users with each other and with digital content and services, both online and offline, making their lives more convenient. Our targeted marketing services helps advertisers reach out to hundreds of millions of consumers in China. Our FinTech and business services support partners’ business growth and assist their digital upgrade.

Tencent invests heavily in talent and technological innovation, actively promoting the development of the Internet industry. Tencent was founded in Shenzhen, China, in 1998. Tencent has been listed on the Main Board of the Stock Exchange of Hong Kong since 2004. 

Investor contact: IR@tencent.com
Media contact: GC@tencent.com 

Non-IFRS Financial Measures

To supplement the consolidated results of the Group (“the Company and its subsidiaries”) prepared in accordance with IFRS, certain additional non-IFRS financial measures (in terms of operating profit, operating margin, profit for the period, profit attributable to equity holders of the Company, basic EPS and diluted EPS) have been presented in this press release. These unaudited non-IFRS financial measures should be considered in addition to, not as a substitute for, measures of the Group’s financial performance prepared in accordance with IFRS. In addition, these non-IFRS financial measures may be defined differently from similar terms used by other companies.

The Company’s management believes that the non-IFRS financial measures provide investors with useful supplementary information to assess the performance of the Group’s core operations by excluding certain non-cash items and certain impact of investment-related transactions. In addition, non-IFRS adjustments include relevant non-IFRS adjustments for the Group’s major associates based on available published financials of the relevant major associates, or estimates made by the Company’s management based on available information, certain expectations, assumptions and premises.

Forward-Looking Statements

This press release contains forward-looking statements relating to the business outlook, estimates of financial performance, forecast business plans and growth strategies of the Group. These forward-looking statements are based on information currently available to the Group and are stated herein on the basis of the outlook at the time of this press release. They are based on certain expectations, assumptions and premises, some of which are subjective or beyond our control. These forward-looking statements may prove to be incorrect and may not be realised in the future. Underlying these forward-looking statements are a lot of risks and uncertainties. In light of the risks and uncertainties, the inclusion of forward-looking statements in this press release should not be regarded as representations by the Board or the Company that the plans and objectives will be achieved, and investors should not place undue reliance on such statements.

 

CONDENSED CONSOLIDATED INCOME STATEMENT 

RMB in millions, unless specified

Unaudited

Unaudited

1Q2025

1Q2024

1Q2025

4Q2024

Revenues

180,022

159,501

180,022

172,446

VAS

92,133

78,629

92,133

79,022

Marketing Services

31,853

26,506

31,853

35,004

FinTech and Business Services

54,907

52,302

54,907

56,125

Others

1,129

2,064

1,129

2,295

Cost of revenues

(79,529)

(75,631)

(79,529)

(81,793)

Gross profit

100,493

83,870

100,493

90,653

Gross margin

56 %

53 %

56 %

53 %

Selling and marketing expenses

(7,866)

(7,536)

(7,866)

(10,285)

General and administrative expenses

(33,664)

(24,809)

(33,664)

(31,403)

Other gains/(losses), net

(1,397)

1,031

(1,397)

2,513

Operating profit

57,566

52,556

57,566

51,478

  Operating margin

32 %

33 %

32 %

30 %

Net gains/(losses) from investments

  and others

1,407

656

1,407

1,119

Interest income

3,748

4,248

3,748

3,910

Finance costs

(3,860)

(2,826)

(3,860)

(2,512)

Share of profit/(loss) of associates and

  joint ventures, net

4,581

2,186

4,581

9,253

Profit before income tax

63,442

56,820

63,442

63,248

Income tax expense

(13,717)

(14,169)

(13,717)

(11,781)

Profit for the period

49,725

42,651

49,725

51,467

Attributable to:

    Equity holders of the Company

47,821

41,889

47,821

51,324

    Non-controlling interests

1,904

762

1,904

143

Non-IFRS operating profit

69,320

58,619

69,320

59,475

Non-IFRS profit attributable to equity

  holders of the Company

61,329

50,265

61,329

55,312

Earnings per share for profit

  attributable to equity holders of

  the Company 

(in RMB per share)

   – basic

5.252

4.479

5.252

5.597

   – diluted 

5.129

4.386

5.129

5.485

 

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

RMB in millions, unless specified

Unaudited

1Q2025

1Q2024

Profit for the period

49,725

42,651

Other comprehensive income, net of tax:

Items that may be subsequently reclassified to profit or loss

Share of other comprehensive income of associates and joint ventures

652

(337)

Transfer of share of other comprehensive income to profit or loss upon disposal

  and deemed disposal of associates and joint ventures

–

(30)

Transfer to profit or loss upon disposal of financial assets at fair value through

  other comprehensive income

1

1

Net gains from changes in fair value of financial assets at fair value through other

  comprehensive income

106

10

Currency translation differences

2,294

(3,929)

Net movement in reserves for hedges

(213)

(782)

Items that will not be subsequently reclassified to profit or loss

Share of other comprehensive income of associates and joint ventures

522

(120)

Net gains from changes in fair value of financial assets at fair value through

  other comprehensive income

26,361

15,918

Currency translation differences

370

(463)

Net movement in reserves for hedges

6

–

30,099

10,268

Total comprehensive income for the period

79,824

52,919

Attributable to:

    Equity holders of the Company

75,858

51,673

    Non-controlling interests

3,966

1,246

 

OTHER FINANCIAL INFORMATION

RMB in millions, unless specified

Unaudited

1Q2025

1Q2024

4Q2024

EBITDA (a)

73,817

65,094

63,917

Adjusted EBITDA (a)

81,559

69,259

69,579

Adjusted EBITDA margin (b)

45 %

43 %

40 %

Interest and related expenses

3,386

3,044

3,340

Net cash/(debt)(c)

90,229

92,534

76,798

Capital expenditures (d)

27,476

14,359

36,578

 

Note:

(a)    EBITDA is calculated as operating profit minus other gains/(losses), net, and adding back depreciation of property, plant and equipment,

        investment properties as well as right-of-use assets, and amortisation of intangible assets and land use rights. Adjusted EBITDA is calculated as

        EBITDA plus equity-settled share-based compensation expenses

(b)    Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by revenues

(c)    Net cash/(debt) represents period end balance and is calculated as cash and cash equivalents, plus term deposits and others, including highly

        liquid investment products held for treasury purpose, minus borrowings and notes payable

(d)   Capital expenditures primarily consist of investments in technology IT infrastructure (including computer equipment, components, and software),

        data centres, land user rights, office premises and intellectual properties (excluding media content) 

 

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
RMB in millions, unless specified

Unaudited

Audited

As at

31 March, 2025

As at

31 December, 2024

ASSETS

Non-current assets

  Property, plant and equipment

91,727

80,185

  Land use rights

22,928

23,117

  Right-of-use assets

17,085

17,679

  Construction in progress

13,250

12,302

  Investment properties

900

801

  Intangible assets

207,641

196,127

  Investments in associates

305,487

290,343

  Investments in joint ventures

7,138

7,072

  Financial assets at fair value through profit or loss

202,869

204,999

  Financial assets at fair value through other

   comprehensive income

337,527

302,360

  Prepayments, deposits and other assets

49,959

42,828

  Other financial assets

978

1,076

  Deferred income tax assets

29,490

28,325

  Term deposits

98,066

77,601

1,385,045

1,284,815

Current assets

  Inventories

427

440

  Accounts receivable

49,311

48,203

  Prepayments, deposits and other assets

102,015

101,044

  Other financial assets

4,480

4,750

  Financial assets at fair value through profit or loss

30,212

9,568

  Financial assets at fair value through other

   comprehensive income

5,444

3,345

  Term deposits

132,549

192,977

  Restricted cash

3,544

3,334

  Cash and cash equivalents

205,253

132,519

533,235

496,180

Total assets

1,918,280

1,780,995

 

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION (continued)

RMB in millions, unless specified

Unaudited

Audited

As at

31 March, 2025

As at

31 December, 2024

EQUITY

Equity attributable to equity holders of the Company

  Share capital

–

–

  Share premium

47,020

43,079

  Treasury shares

(2,777)

(3,597)

  Shares held for share award schemes

(5,377)

(5,093)

  Other reserves

80,291

47,129

  Retained earnings

921,297

892,030

1,040,454

973,548

Non-controlling interests

82,484

80,348

Total equity

1,122,938

1,053,896

LIABILITIES

Non-current liabilities

  Borrowings

209,079

146,521

  Notes payable

123,240

130,586

  Long-term payables

11,495

10,201

  Other financial liabilities

4,831

4,203

  Deferred income tax liabilities

20,070

18,546

  Lease liabilities

13,405

13,897

  Deferred revenue

4,480

6,236

386,600

330,190

Current liabilities

  Accounts payable

125,488

118,712

  Other payables and accruals

71,532

84,032

  Borrowings

44,151

52,885

  Notes payable

9,326

8,623

  Current income tax liabilities

18,956

16,586

  Other tax liabilities

5,119

4,038

  Other financial liabilities

5,846

6,336

  Lease liabilities

5,442

5,600

  Deferred revenue

122,882

100,097

408,742

396,909

Total liabilities

795,342

727,099

Total equity and liabilities

1,918,280

1,780,995

 

RECONCILIATIONS OF THE GROUP’S NON-IFRS FINANCIAL MEASURES TO THE NEAREST MEASURES PREPARED IN ACCORDANCE WITH IFRS

As

reported

Adjustments

Non-IFRS

RMB in millions,

unless specified

Share-based

compensation (a)

Net (gains)/losses

from investee

companies (b)

Amortisation of

intangible assets (c)

Impairment

provisions/ (reversals)

(d)

SSV & CPP

(e)

Income

tax effects

(f)

Unaudited three months ended 31 March 2025

Operating profit

57,566

10,100

–

1,515

–

139

–

69,320

Share of profit/(loss) of associates

 and joint ventures, net

4,581

968

111

1,713

267

–

–

7,640

Profit for the period

49,725

11,068

(31)

3,228

(689)

160

(769)

62,692

Profit attributable to

 equity holders

47,821

10,833

1,081

2,854

(719)

160

(701)

61,329

Operating margin

32 %

39 %

Unaudited three months ended 31 March 2024

Operating profit

52,556

4,694

–

1,249

–

120

–

58,619

Share of profit/(loss) of associates and

  joint ventures, net

2,186

1,509

(459)

1,556

699

–

–

5,491

Profit for the period

42,651

6,203

(1,476)

2,805

1,562

132

(535)

51,342

Profit attributable to equity holders

41,889

6,035

(1,449)

2,589

1,541

132

(472)

50,265

Operating margin

33 %

37 %

Unaudited three months ended 31 December 2024

Operating profit

51,478

6,140

–

1,416

–

441

 

–

59,475

Share of profit/(loss) of associates and

  joint ventures, net

9,253

1,003

(3,799)

1,176

116

–

 

–

7,749

Profit for the period

51,467

7,143

(6,888)

2,592

1,760

1,109

 

(706)

56,477

Profit attributable to equity holders

51,324

7,034

(6,931)

2,396

1,037

1,109

 

(657)

55,312

Operating margin 

30 %

34 %

 

Note:

(a)   Including put options granted to employees of investee companies on their shares and shares to be issued under investee companies’ share-based incentive plans which can be acquired by the Group, and other incentives

(b)   Including net (gains)/losses on deemed disposals/disposals of investee companies, fair value changes arising from investee companies, and other expenses in relation to equity transactions of investee companies

(c)   Amortisation of intangible assets resulting from acquisitions

(d)   Mainly including impairment provisions/(reversals) for associates, joint ventures, goodwill and other intangible assets arising from acquisitions

(e)   Mainly including donations and expenses incurred for the Group’s Sustainable Social Value and Common Prosperity Programme (“SSV & CPP”) initiatives 

(f)    Income tax effects of non-IFRS adjustments

 

View original content:https://www.prnewswire.com/apac/news-releases/tencent-announces-2025-first-quarter-results-302455231.html

SOURCE Tencent

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Kenda Tire Chosen as OEM Supplier for Slate Auto’s All-New Blank Slate Electric Pickup

Published

11 minutes ago

on

October 28, 2026

By

KLEVER S/T EV tires were engineered specifically to support the performance, efficiency and value proposition of Slate’s upcoming electric pickup

AKRON, Ohio, Oct. 28, 2026 /PRNewswire/ — Kenda, a global leader in tire and wheel manufacturing, has been selected by Slate Auto as the official original equipment (OE) tire supplier for the company’s new electric pickup, The Blank Slate. Through the partnership, Kenda will provide its KLEVER S/T EV tire, developed specifically to meet the unique performance, efficiency and durability requirements of Slate’s highly anticipated electric vehicle.

More than a traditional supply agreement, the collaboration brings together engineering teams from both companies to research, develop and manufacture a tire solution tailored to the Slate truck’s weight, torque characteristics, efficiency targets, ride and handling requirements, and anticipated driving conditions. Kenda has also been selected as the supplier for Slate’s accessory tire offerings, helping customers personalize their vehicles while maintaining the performance, safety and quality standards established for the platform.

“As the automotive industry continues to evolve, Kenda remains committed to delivering innovative tire technologies that meet the needs of both manufacturers and its consumers,” said Jimmy Yang, Global President, CEO and Chairman of Kenda Industrial. “Our collaboration with Slate Auto represents an exciting opportunity to support a company that is reimagining electric mobility through accessibility, personalization and practicality. We are proud to contribute our engineering and production expertise with our EV-focused technology to help bring The Blank Slate to market.”

Slate Auto has generated significant attention across the automotive industry for its unique approach to electric vehicle ownership, focusing on affordability, simplicity and personalization. As the company moves toward production, selecting a dedicated OE tire supplier marks an important milestone in establishing a production-ready vehicle and supply chain.

The KLEVER S/T EV tire was engineered specifically for the Slate truck application and incorporated features designed to address the vehicle weight and instant torque associated with EVs. The tire utilizes a low rolling resistance design to help maximize efficiency and driving range, while reinforced construction supports durability, handling performance and tread life. Development of the tire has been supported by Kenda’s American Technical Center in Akron, Ohio, where engineers work closely with automotive manufacturers to create customized solutions for emerging mobility platforms.

“This partnership reflects Kenda’s continued growth in the original equipment automotive market and our ability to develop purpose-built solutions for next-generation vehicles,” said Brandon Stotsenburg, Vice President of Automotive for American Kenda Rubber. “The KLEVER S/T EV was designed to address the specific challenges EVs present, from increased vehicle weight and instant torque to efficiency and ride comfort requirements. Working alongside Slate throughout the development process has allowed us to create a tire solution that complements the vehicle’s performance while supporting its affordability and personalization goals.”

The Kenda KLEVER S/T EV tire will launch as original equipment on The Blank Slate when the vehicle enters production in November 2026, with availability aligned to Slate Auto’s production schedule.

For more information on Kenda, visit www.kendatire.com. To learn more about Slate Auto or to start your customizable preorder, head to www.slate.auto.

About Kenda

Founded in 1962, Kenda is a global leader in tire development and manufacturing. With over 14,000 employees and factories worldwide, Kenda continues to expand product offerings in the automotive, bicycle, powersports, trailer/specialty, and wheelchair markets. Kenda takes pride in operating under the core values of honesty, innovation, quality, and customer service to provide the highest level of products and services to customers across the globe. For more information, please visit www.kendatire.com

About Slate Auto

Slate is a new American company building vehicles that people can afford, personalize, and love. Established in 2022, Slate was founded on a disruptive business model of simplifying the manufacturing process and reindustrializing America. Slates are designed to achieve the highest safety ratings, and will be assembled at a reindustrialized factory in Warsaw, Ind. Slate will invest nearly $400 million into the factory, create 2000+ jobs in Warsaw, and contribute up to $39 billion to Indiana’s economy over 20 years. For more information, visit www.slate.auto.

The Zimmerman Agency
Kenda@Zimmerman.com 

View original content:https://www.prnewswire.com/news-releases/kenda-tire-chosen-as-oem-supplier-for-slate-autos-all-new-blank-slate-electric-pickup-302922303.html

SOURCE Kenda Tire

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Doppel Named to Fortune Cyber 60 for Second Consecutive Year

Published

11 minutes ago

on

October 28, 2026

By

Recognition underscores Doppel’s continued growth and leadership in Social Engineering Defense as AI transforms the threat landscape

SAN FRANCISCO , Oct. 28, 2026 /PRNewswire/ — Doppel, the Frontier AI Social Engineering Defense (SED) platform, today announced it has been named to the 2026 – 2027 Fortune Cyber 60 list for the second year in a row. Produced in partnership with Fortune editors, Lightspeed Venture Partners, and AWS, the annual list recognizes 60 of the most important venture-backed startups shaping the future of cybersecurity. Selection is based on financial performance, business operations, growth, and cybersecurity market research.

The recognition comes as AI makes phishing and other social engineering attacks more sophisticated, personalized, and easier to scale across multiple channels, exposing the limitations of legacy cybersecurity defenses. Doppel was founded as an agentic platform built to address this new environment and protect organizations across the entire social engineering attack chain. Powered by agentic AI, the platform unifies Digital Risk Protection, Human Risk Management, and Email Security to detect and connect attacks across channels, disrupt the infrastructure behind attacks, and strengthen employee resilience against evolving tactics.

“Being named to the Fortune Cyber 60 for the second consecutive year is a significant moment for our team and a reflection of the progress we’ve made as a company,” said Kevin Tian, co-founder and CEO of Doppel. “As we’ve seen in recent weeks, phishing techniques are becoming more sophisticated, and attackers are more capable than ever before. We’re at an inflection point in cybersecurity. As an industry, we have a responsibility to equip defenders with the technology and resources they need to stay ahead of these threats. I’m proud of what we’ve accomplished so far, and we’re only getting started.”

The recognition adds to a year of continued growth and expansion for Doppel. In 2026, the company expanded its global presence in Japan and Toronto, introduced new capabilities across its Social Engineering Defense platform, including Email Security, and officially surpassed 300 employees. Doppel was also named to Fast Company’s 2026 Best Workplaces for Innovators list and won a 2026 SiliconANGLE TechForward Award in the AI-Powered Threat Detection category.

Fortune Cyber 60 Methodology: The Fortune Cyber 60™ list, developed in partnership with Lightspeed Venture Partners and AWS, recognizes 60 of the most important venture-backed cybersecurity startups that have not yet undergone an IPO, acquisition, or other significant exit. Companies are grouped into three categories of 20—Early Stage, Early Growth Stage, and Growth Stage—and listed alphabetically within each category. Selection is based on financial performance, growth, business operations, and cybersecurity market research, with the final list reviewed and validated by Fortune. The full methodology can be found here.

To learn more about Doppel and how its Frontier AI Social Engineering Defense platform helps organizations detect and disrupt social engineering attacks across channels, visit doppel.com.

About the Cyber 60
The Fortune Cyber 60 identifies significant venture-backed cybersecurity startups that have not completed an IPO, acquisition, or other major exit. Companies are grouped by stage rather than ranked, reflecting the distinct opportunities and challenges facing businesses at different points in their development.

About Doppel
Doppel is the Frontier AI platform for Social Engineering Defense (SED), protecting people and brands from AI-powered impersonation, phishing, fraud, and deception through three solutions running on the Doppel Superintelligence Layer. Digital Risk Protection (DRP) sees attacks forming, mapping attacker infrastructure across channels and dismantling it before launch. Email Security defends the inbox, judging every message by the infrastructure behind it and taking that infrastructure down so the campaign can’t retarget. Human Risk Management (HRM) hardens the people attackers target, turning live threats into simulations and training and measuring risk by user and team. Every signal flows through a shared Threat Graph, so a threat seen anywhere strengthens defenses everywhere, and self-healing agents patch every missed detection. Together, they break the social engineering attack chain, advancing Doppel’s mission to protect the world from social engineering attacks every day.

Follow Doppel on X, LinkedIn, YouTube, TikTok, and Instagram.

Media Contacts
Keenan Emery, Doppel
Comms@Doppel.com 

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Deloitte is named a Leader in the ISG Provider Lens™: Workday Ecosystem Services 2026 for the fourth time in the US and Europe and the second time in APAC

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October 28, 2026

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NEW YORK, Oct. 28, 2026 /PRNewswire/ — Deloitte has been recognized as a Leader in the ISG Provider Lens™: Workday Ecosystem Services 2026 study across the United States, Europe, and Asia Pacific (APAC). Deloitte was recognized across all four quadrants: Transformation Services, Deployment and Integration Services, Performance and Optimization Services, and Innovation on Workday. This is the fourth time Deloitte has been recognized as a Leader in the US and Europe and the second time in APAC (which was added as a reported region in 2025).

The ISG Provider Lens™ study evaluates Workday ecosystem service providers and helps enterprises assess provider capabilities, market presence, and delivery strengths. The research covers services supporting Workday-enabled transformation, implementation, optimization, and innovation initiatives. According to the assessment, Deloitte strengthened its positioning across multiple quadrants compared to the previous year’s study, with notable progress in Deployment and Integration Services in the US and Performance and Optimization Services in Europe. Across many regions, Innovation on Workday emerged as one of Deloitte’s strongest positions in the 2026 study.

The report highlighted how:

“Deloitte focuses on redesigning work, roles and operating models for AI-enabled human-machine teams. Its consultants build outcome-focused roadmaps that address workforce experience, operational efficiency, governance, and adoption before implementation. Deloitte emphasizes aligning technology decisions to measurable business outcomes rather than treating Workday as a standalone system deployment.”

“We are honored to be recognized as a Leader across every Workday services category and region assessed by ISG. This recognition reflects the strength of our global collaboration with Workday, the trust our clients place in us, and the dedication of our people around the world. As AI continues to reshape the future of work, we remain focused on helping clients achieve continuous transformation and lasting business outcomes through our close collaboration with Workday and ongoing investments in innovation, agentic capabilities, and industry solutions,” says Jannine Zucker, Workday Alliance Chief Commercial Officer, Deloitte Consulting LLP.

To learn more, access the ISG Provider Lens™: Workday Ecosystem Services 2026 report and explore Deloitte’s Workday capabilities.

For more information about Deloitte Analyst Relations, please visit our Analyst Relations page.

About ISG

ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 900 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,600 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (DTTL), its global network of member firms, and their related entities (collectively, the “Deloitte organization”). DTTL (also referred to as “Deloitte Global”) and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more.

Deloitte provides leading professional services to nearly 90% of the Fortune Global 500® and thousands of private companies. Our people deliver measurable and lasting results that help reinforce public trust in capital markets and enable clients to transform and thrive. Building on its 180+-year history, Deloitte spans more than 150 countries and territories. Learn how Deloitte’s nearly 500,000 people worldwide work together every day to make an impact that matters at www.deloitte.com.

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SOURCE Deloitte Global

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