We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. #1: Tencent's Investment Portfolio Generated Increasing Returns Year Over Year. Access to this and all other statistics on 80,000 topics from, Show sources information The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Profit from the additional features of your individual account. Currently, you are using a shared account. Please create an employee account to be able to mark statistics as favorites. Founded in 1998, Tencent connects over one billion users through its communications and social platforms, namely Weixin and QQ. The company generated a net income of 21B ($2.99B) for the period, down 10% from 23.4B ($3.32B) in the same period in the previous year. The 2 key Tencent social network is QQ and WeChat. In 2005, his previous product Foxmail was acquired by Tencent. "Annual gaming revenue of Tencent in 2021, by segment (in billion yuan)." Chart. support@swotandpestle.com; . Click here to subscribe and stay tuned for future updates! If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. In contrast, operating profit margin shows a greater degree of fluctuation due to higher selling, general, and administrative (SG&A) expenses and marketing expenses in certain years offset by net other gains. QQ also started mobile payment with the launch of QQ wallet which facilitated mobile prepaid recharge and various online shopping and transactions. In, Tencent. This was due to continuous growth achieved in its VAS, fintech, and online advertising services during the period. In contrast, International Games accounted for 8.1% of total revenue and 26% of gaming segment revenue the same year. This statistic is not included in your account. ), and (3) increased revenue sharing and content costs. Cite your source. For the full year, revenue in the segment was up 3% to $1.33 billion. If your company operates . He led a team of fewer than 10 people and developed the first version of WeChat in less than 70 days. It's clear that Tencent is expanding its games portfolio by setting its sights globally; 25% of its games revenue is now derived from international markets, and that figure grew by 20%. Almost done! Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. It further helps to keep you ahead of your business competitors. Of the 236 million paid subscriptions in 2021, 124 million were Tencent Video subscriptions, 76 million were Tencent Music subscriptions, while the remaining 36 million were subscriptions across Tencent's various other media platforms (see Part 1). The remainder of VAS revenue is reported as a combined sum of the Communication and Social and Digital Content sub-segments which together comprise 21% of total revenue. Learn more about how Statista can support your business. The revenue segment can be broken down into two sub-segments: (1) FinTech, and (2) Cloud and Other Business Services. One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). Due to the ecosystem of mini-programs, people will use WeChat Pay for transportation, food, etc. to incorporate the statistic into your presentation at any time. The company disclosed the figures related to its fintech and business service revenue for the first time in its 2019 financial report with restated 2018 figures. Data Sources: Tencent Annual Reports (click image to enlarge), Tencent's revenue breakdown by business segment is relatively stable from year to year, with, Tencent provides a more detailed revenue breakdown of its, The remainder of VAS revenue is reported as a combined sum of the. ) I'm especially curious if anyone particularly loves/hates this at $67/share. Users can chat with friends anytime, anywhere, videos, emoticons, other personalized themes for users, make new friends with similar interests here via groups. Tencent and HBO partner to bring award-winning TV dramas and movies to China Tencent Video becomes the exclusive online partner for HBO in China . Then you can access your favorite statistics via the star in the header. Lau added Tencent will add a new. Riot Games' Teamfight Tactics enhanced As a Premium user you get access to the detailed source references and background information about this statistic. Learn how your comment data is processed. In 2019, it has a total revenue 377.3B ($53.52 B) Tencent Holdings Revenue by Year Tencent Revenue and its core channel Revenue is being broken down into the main 4 segments Tencent social network The 2 key Tencent social network is QQ and WeChat. Tencent. have declined due to delays in content launches and the changing regulatory environment. This information should not and cannot be construed as or relied on and (for all intents and purposes) does not constitute financial, investment or any other form of advice. Note: the online advertising industry faced significant changes in terms of regulatory environment over the past year, the most significant of which pertains to the crackdown on K-12 education organizations (see, ). Tencent News and Tencent Video, see Part 1) have declined due to delays in content launches and the changing regulatory environment. Produced 450+ financial articles featured on KCLau.com in Malaysia and The Fifth Person, Value Invest Asia, and Small Cap Asia in Singapore. The ideal entry-level account for individual users. This is due to an increase in revenue contributions from popular games that Tencent has developed like Honour of Kings, QQ Speed Mobile, and Peacekeeper Elite. At the current price of nearly HKD600, is Tencent still a good buy? Tencent's leading Internet platforms in China are QQ Instant Messenger, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai and Tenpay. As of 23 November 2020, Tencents market capitalisation stood at HK$5.6 trillion. Underlying trends in the Food Delivery segment remained strong, yet with signs of moderation from the triple-digit growth experienced in . Alibaba Cloud Computing Revenue Growth Rate in . If you are an admin, please authenticate by logging in again. With inflation soaring, consumers became more frugal with their spending. The fall in sales was attributable to two main factors. Profit from the additional features of your individual account. Alibaba has two main growth engines: its Chinese commerce segment, which generated 68% of its revenue in the first nine months of fiscal 2023, and its cloud segment, which generated 9% of its revenue. Tencent's revenue breakdown by business segment is relatively stable from year to year, with Value-Added Services (VAS) contributing to just over half of the company's total revenue each year, followed by the FinTech and Business Services segment accounting for 26% to 30% of annual revenue, and Online Advertising contributing 15% to 18% of revenues. In 2021 the company made a revenue of $86.61 B an increase over the years 2020 revenue that were of $70.35 B .The revenue is the total amount of income that a company generates by the sale of goods or services. You need at least a Starter Account to use this feature. Over the past year or so, the Chinese regulators have been delaying approvals for various shows as part of an effort to ensure the propriety of programs that are being publicly broadcasted. The Tencent Video segment is based on the video streaming service. This statistic is not included in your account. "Revenue of Tencent in 3rd Quarter 2022, by Segment (in Billion Yuan). Currently, you are using a shared account. Profit from the additional features of your individual account. Zhang recognized there is a gap in a short video content as WeChat has become very textbase in the public account. Tencent. Please Select Your Region To Receive Customized Content, Your information is safe and secure with us, Almost done! As a Premium user you get access to the detailed source references and background information about this statistic. Upon completion of this transaction, Tencent would increase its voting power to 70.4% and equity stake to 51.0% in Huya Inc. Tencent has delivered stellar growth in revenue and profit over the past 10 years. Gaming. to incorporate the statistic into your presentation at any time. Media Advertising revenues decreased by 4% -on-year yearto RMB3.5 billion, primarily due to lower advertising revenues from Tencent News app. Show publisher information Revenue distribution of Tencent Holdings from 2015 to 2021, by segment [Graph]. and the fair value of the company's holdings in publicly listed companies is consistent with management's historical strategy of acquiring promising private companies and growing them until they become public. Tencent Holdings (Part 2): Ecosystem Financials, Note: for the purposes of this article and series, we use the terms. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. Tencents business is very diversified. Values have been rounded. Its online games Honour of Kings, PUBG Mobile, and. Mercedes-Benz today detailed its plans as the architect of its own operating system MB.OS, which will be introduced mid-decade with the new MMA platform (Mercedes Modular Architecture). . Every user can use the video within 1 minute, or 9 pictures or less, to create content anytime, anywhere, and share life and world with more people. To use individual functions (e.g., mark statistics as favourites, set Tencent is the dominant name when it comes to gaming in China and is even reported as the world's largest video game vendor.The Chinese gaming giants also have a stranglehold in the mobile gaming segment, generating large amounts of revenue. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Instagram accounts with the most followers worldwide 2023, Number of apps available in leading app stores Q3 2022, Most popular global mobile messaging apps 2022, Twitter: number of monthly active users 2010-2019, Internet usage in India - statistics & facts, Profit from additional features with an Employee Account. Are you interested in testing our business solutions? Of course, the favourable funding conditions for Chinese companies and their relative popularity also spurred a large flux of companies to go public in 2020. According to data presented by Safe Betting Sites, in October 2021, Tencent generated $513M in in-app purchases, the largest among mobile game . Tencent Games is one of Tencents four revenue pillars, they are the worlds biggest game company by revenue. Required fields are marked *. In 2019, Tencent derived 53% of group revenues from its VAS businesses. Accessed March 02, 2023. https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent. Please check your download folder. If you are an admin, please authenticate by logging in again. The ideal entry-level account for individual users. Tencent is a Chinese multinational company situated in Shenzhen, China. Baidu Inc. BIDU. It commenced accelerated computing to solve the most challenging computational problems. Dividend). The results come amid investor concerns that Tencent will continued to be ensnared in an . To use individual functions (e.g., mark statistics as favourites, set Tencent Holding Revenue 2011-2021 | TCEHY, Tencent Holding revenue for the quarter ending June 30, 2021 was, Tencent Holding revenue for the twelve months ending June 30, 2021 was, Tencent Holding annual revenue for 2021 was, Tencent Holding annual revenue for 2020 was, Tencent Holding annual revenue for 2019 was. Show publisher information Please do not hesitate to contact me. A paid subscription is required for full access. It can be used without downloading and installing. Revenues had grown from RMB12.4 billion in 2009 to RMB377.3 billion in 2019. On January 21, 2011, WeChat was officially released. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. Copyright 2023 The Fifth Person. A paid subscription is required for full access. Push to send voice messaging ease of use led to an increased download. . Tencent has continued to report growth in group revenues and shareholders earnings in Q1 and Q2 2020 during the peak of the pandemic. The total market share of the three reached 88.33%. Get full access to all features within our Business Solutions. Tencent Holding annual/quarterly revenue history and growth rate from 2011 to 2021. 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According to the official introduction, the video number is a platform for everyone to record and create, as well as a window to understand others and the world. The Others segment includes defined contribution pension, asset management and health care businesses. 3 Please refer to the official announcement for details. Its online games Honour of Kings, PUBG Mobile, and. Rich functions and interesting gameplay make QQ one of the most popular social platforms for young users in China. Indeed, we see that the fair value of Tencent's holdings in publicly listed companies was initially lower than the value of its investment portfolio until 2019, during which the two converged and the fair value of public holdings eventually exceeded Tencent's balance sheet portfolio amount in subsequent years. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. If you are an admin, please authenticate by logging in again. You need at least a Starter Account to use this feature. Tencent Grows Online Gaming Revenues By 45% Year-Over-Year The annual growth in online gaming revenues marks the third consecutive quarter for this year in which the segment has. The WeChat mini program is an application that can be used without downloading or installing. As of December 2019, Tencent had exceeded 1 billion daily average transactions for commercial payments with over 800 million monthly active users. #2: Fee-Based VAS Subscriptions Grew 75.6% Over The Past Five Years. Nice to finally get a bit of clarity into how the mysterious 'others' revenue segment is broken down. Tencent provides value-added Internet, mobile and telecom services and online advertising. In October 2010, Tencent Guangzhou R & D Center began to develop WeChat ( pronounced as Wei Xin in Chinese). Tencent achieved a CAGR of 23.7% over the past six years in Gaming revenues, up from RMB32.0 billion in 2013 to RMB114.7 billion in 2019. Breaking down the company's annual portfolio income, we see that Tencent's investment portfolio gains can largely be attributed to. It has brought together China's largest Internet community, to meet the various needs of Internet users including communication, information, entertainment, e-commerce and others. Let us take a look at Tencent key competitor by segmentif(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,600],'investpit_com-large-leaderboard-2','ezslot_6',122,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-large-leaderboard-2-0'); WeChat Pays main competitor in the payment transaction segment is AliPay from Alibaba and UnionPay Commercial. We turn to examine Tencent's additional reported business metrics: (1) the number of users on its, The number of monthly active users (MAUs) on the Weixin and WeChat platforms increased from 988.6 million in 2017 to 1,268.2 million in 2021. In 2018, the value-added sector of Tencent had a total revenue of 176.6 billion yuan with a 15% growth. Tencent. Statista. In essence, its growth was contributed by the following sub-segments: Mobile Payment Services. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Learn more about how Statista can support your business. For businesses who need money for cash flow, and also those who need a home loan, you can get it through QQ at rong360 in China. Management points out a general increasing trend in advertiser demand for the Weixin platform, while advertising revenue from Tencent's media platforms (e.g. In Part 1 of our Tencent series, we introduced the history and various components of the Tencent Holdings ecosystem. The number of monthly active users (MAUs) on the Weixin and WeChat platforms increased from 988.6 million in 2017 to 1,268.2 million in 2021. In 2013, Tencent launched Weixin Pay/WeChat Pay, a mobile payment services app widely used in China. Regular host and presenter of a weekly financial webinar with KCLau.com. Business Solutions including all features. Lastly, we examine Tencent's investment portfolio. We dont make any recommendations on whether a security is a buy (or sell) as every investor has different investment goals and risk profiles. As a Premium user you get access to background information and details about the release of this statistic. [Online]. So, how did Tencent fare during the first half of 2020? adult classes and additional interest classes such as sports or music can still be advertised), #5: Individual Revenue Contributions Remain Undisclosed For FinTech and Cloud Computing. However, more people will choose to store money in Alipay due to financial services like investment products, Yuebao, Yulibao, funds, gold, stocks, and other financial management tools.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[250,250],'investpit_com-leader-1','ezslot_15',124,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-leader-1-0'); A recent leak revealed a test version of a mobile digital currency app reportedly developed by one of Chinas largest state-owned banks, the Agricultural Bank of China. #1: The Weixin/WeChat Market Is Saturated, While QQ is Declining in Popularity. to incorporate the statistic into your presentation at any time. Access to this and all other statistics on 80,000 topics from, Show sources information Tencent, which gets 32% of its revenue from video games, unveiled more than 60 new titles at its annual video gaming conference last week. Tencent Holdings is a Chinese technology conglomerate holding company that was founded in November 1998. Access to this and all other statistics on 80,000 topics from, Show sources information Show publisher information Note: for the purposes of this article and series, we use the terms Weixin and WeChat interchangeably. The FinTech and business services segment refers to revenue generated from Tencent's financial technology (FinTech) business, cloud computing initiatives, and other business services. (March 23, 2022). Dividend investor. Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) [Graph]. Co-founded DividendVault.com, an online membership site that empowers retail investors to build a stock portfolio that pays rising dividends year after year in Malaysia and Singapore. Weixin and WeChat are essentially two versions of the same application where Weixin is used domestically in mainland China and WeChat is used in overseas markets, although the two are considered to be separate legal entities and there are some differences in terms of the functionalities available across the two versions due to the regulatory differences between China and abroad. Then you can access your favorite statistics via the star in the header. Discover how to invest in dividend stocks and REITs, and create your very own dividend machine. This voice messaging feature was only added much later in Whatsapp in August 2013. (March 23, 2022). Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. Annual revenue of Tencent from 2014 to 2021,. Available: https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Revenue of Tencent in 3rd quarter 2022, by segment, Available to download in PNG, PDF, XLS format, Canada: number of social media users 2018-2027, Canada: social network penetration 2018-2027, Canada: yearly growth of social media users 2020-2022, Canada market share of leading social media websites 2022, Canada mobile social media visit share 2022, Leading iPhone social media apps in Canada 2022, by downloads, Leading Android social media apps in Canada 2022, by downloads, Canada: preferred social networks Q3 2021, Social media usage by platform type in Canada 2022, Social network usage by brand in Canada 2022, Social network usage by frequency in Canada 2022, Canada: time spent social media 2020-2022, Canada: distribution of social media audiences 2021, by age and gender, Leading social networks used for news in Canada 2019-2022, Canada: Meta audiences in 2022, by age and gender, Canada: number of Facebook users 2018-2027, Canada: Facebook usage penetration 2018-2027, Canada: Facebook pages user engagement rate 2021, by type of post, Canada: Facebook Messenger users 2022, by age group, Canada: Facebook Messenger users 2022, by gender, Canada: distribution of TikTok audiences 2022, by age group, Canada: distribution of TikTok audiences 2022, by gender, Twitter: distribution of Canadian audiences 2021, by gender, Most popular Twitter profiles from Canada 2021, by audience, Most popular brands on Twitter in Canada 2021, by audience, Snapchat: distribution of Canadian audiences 2022, by gender, Canada: Instagram users 2022, by age group, Digital advertising spending in North America 2022, by country, Digital Market Outlook: social media ad spend in Canada 2017-2026, by device, Expected Facebook influencers earnings in Canada, the UK & the U.S. 2021, Most popular brands on Facebook in Canada 2021, by audience, Canada: views on selected social media platforms 2021, Canada: opinions on governmental supervision of Meta Platforms 2021, Canada: belief in Facebook whistleblower claims 2021, by age group, Canada and the U.S. belief in Facebook whistleblower claims 2021, Canada: Facebook impact on quality of life 2021, Canada: social media regulation of hate speech 2021, Canada: impact of social media on debate and opinions exchange 2021, Social media marketing spending in the U.S. 2014-2019, Survey on the usage time of computer games among children in Germany 2016, Online content smartphone users read or view most often Japan 2019, by age group, Social network ad spend per user in the Middle East & Africa 2013-2016, Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan), Find your information in our database containing over 20,000 reports. We think this market is very close to saturated given China's total 1.4 billion population. Please create an employee account to be able to mark statistics as favorites. The biggest videogame developer in China also faced . The League of Legends Global Finals and the Honor of Kings Professional League is also becoming one of the most-watched PC and smartphone export game events. 4 From the third quarter of 2021, we disclose revenues from Domestic Games and International Games as new sub-segments under According to management, this distinction was implemented to "[reflect] the increasing scale of Tencent's international games business". In 2013, Tencent launched Tencent Cloud. Cloud Services. The key to success on this front is a strong product portfolio that covers a broader customer base, according to Li. In, Tencent. Tencent achieved a 10-year CAGR of 40.7% and 33.6% in its group revenues and shareholders earnings respectively. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. The carmaker estimates sales in the segment of between 1.4 million and 1.5 million units this year, including gas-powered and electrified crossovers, with a price range of RMB 300,000 to RMB 500,000 ($43,205 to $72,009). As a Premium user you get access to the detailed source references and background information about this statistic. You need at least a Starter Account to use this feature. 2014.07.25 May 23, 2022 The Chinese entertainment tycoonTencent reported a total revenue of 174.3 billion yuan from online games in 2021. Of 18.7 % over the past five years Video segment is based the... Was only added much later in Whatsapp in August 2013 content launches and the changing regulatory environment accounted... Yuan with a CAGR of 40.7 % and 33.6 % in its VAS, fintech, and the official for. 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You will immediately be notified via e-mail 2: Fee-Based VAS Subscriptions Grew 75.6 % the! Founded in November 1998 advertising revenues decreased by 4 % -on-year yearto RMB3.5 billion, primarily due to lower revenues! December 2019, Tencent had a total revenue of Tencent in 2021 and videos are the easiest forms expression! Fee-Based VAS Subscriptions Grew 75.6 % over the past five years provided a few examples below that you access. Whatsapp in August 2013 as Wei Xin in Chinese ). segment is based on the Video service. Of fewer than 10 people and developed the first version of WeChat in less 70. 10 people and developed the first version of WeChat in less than 70 days a Premium user get. And health care businesses updated, you will immediately be notified via e-mail mobile prepaid recharge various. That Tencent 's investment portfolio gains can largely be attributed to prepaid recharge various! 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Create an employee account to use this feature to China Tencent Video becomes the exclusive partner... Stay tuned for future updates 176.6 billion yuan ) [ Graph ] exceeded billion... Your business competitors half of 2020, your information is safe and secure us. Increasing Returns year over year from RMB12.4 billion in 2019 have provided a few examples below that you access... Tencent in 3rd quarter 2022, by segment ( in billion yuan ) [ Graph ] %. And create your very own dividend machine added much later in Whatsapp in August.. 2018 dip in investment return performance is due to the detailed source references and background information about statistic. Hbo in China, people will use WeChat Pay for transportation, food, etc,.... 88.33 % International games accounted for 8.1 % of total revenue and 26 % of revenues., you will immediately be notified via e-mail annual gaming revenue of Tencent in,! 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Four revenue pillars, they are the worlds biggest game company by revenue tech giant Tencent reported revenue! Cap Asia in Singapore games in 2021, by segment ( tencent revenue by segment billion yuan ). the.! Can copy and paste to your site: your image export is now complete revenue is the top line on. To keep you ahead of your individual account day, photograph and are! Team of fewer than 10 people and developed the first version of WeChat in than... About the release of this statistic includes defined contribution pension, asset management health.: the Weixin/WeChat market is very close to Saturated given China 's total revenue of 176.6 billion from. The triple-digit growth experienced in third quarter of 2022 games in 2021, your information safe! Hk $ 5.6 trillion quarter 2022, by segment ( in billion yuan ) ''. Tencent had exceeded 1 billion daily average transactions for commercial payments with over 800 million monthly active users of. And paste to your site: your image export is now complete, fintech, and ( )... 72.7 billion yuan from value-added services in the header facilitated mobile prepaid recharge and components! See that Tencent 's total 1.4 billion population by Tencent your business us, Almost done for commercial payments over... See Part 1 of our Tencent series, we introduced the history and growth rate from 2011 to 2021 by... 70 days had grown from RMB12.4 billion in 2009 to RMB377.3 billion in 2019 Chinese.! Covers a broader customer base, according to Li release of this statistic tech giant reported. Functions and interesting gameplay make QQ one of the pandemic in an year revenue... Over the past five years annual/quarterly tencent revenue by segment history and various online shopping and transactions be... According to Li Weixin and QQ Foxmail was acquired by Tencent we can not people! Billion users through its communications and social platforms, namely Weixin and QQ Tencent Holdings from 2015 2021. Of total revenue of around 72.7 billion yuan ). you get access to all features within our business....
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tencent revenue by segment
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