"Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan)." This statistic shows the revenue distribution of Tencent from the fiscal year 2015 to 2021, by segment. By region, North America had the highest share . 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. It was supported by higher revenue earned from Weixin Moments, Mini Programs, and its mobile advertising networks. Revenue climbed 20% to 138.3 billion yuan, in line with expectations. Currently, you are using a shared account. Assets. Dividend). The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Advertising revenues decreased by 25% to RMB3.2 billion, reflecting lower advertising revenues from Tencent Video and Tencent News services. Gaming Advertisement You need a Statista Account for unlimited access. In this note we discuss Electronic Arts' business model, its revenue segments, sales trends, and forecast. "Revenue Distribution of Tencent Holdings from 2015 to 2021, by Segment. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Since its founding, Tencent has found new income streams including high-performance advertising, gaming, digital content, and fintech services. The particularly large discrepancy between investment portfolio value and the fair value of publicly listed shares in 2020 is likely due to the rapid rise in Chinese stock prices that year, as well as significant increases in other stocks which Tencent held and/or still holds (e.g. Use Ask Statista Research Service. Cite your source. Its live streaming of game content includes e-sport tournaments such as League of Legends, King of Glory, and Peacekeeper Elite. 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, Twitter: number of monthly active users 2010-2019, Internet usage in India - statistics & facts, Profit from additional features with an Employee Account. Tencent has continued to report growth in group revenues and shareholders earnings in Q1 and Q2 2020 during the peak of the pandemic. 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. WeChat updated a new rule in October 2019, the platform will punish websites or apps that send links to mislead or entice users to download or redirect to an external app, Tencent Holdings and its key revenue pillars, How To Make Money In The Agriculture Business. 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. Get full access to all features within our Business Solutions. This is driven by e-commerce festivals such as the Double Eleven and Double Twelve, e-commerce giants such as Ali and JD.com. Learn more about how Statista can support your business. Tencents VAS comprise two sub-segments Gaming and Social Network. Biggest companies in the world by market value 2022, Global social networks ranked by number of users 2023, Most popular global mobile messaging apps 2022, Number of active WeChat messenger accounts Q2 2011-Q3 2022. #2: Tencent's Investment Portfolio Gains Were Driven By Fair Value Gains and Gains on Disposals and Deemed Disposals. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. Tencent. In 2020, Tencent made two transactions to increase its equity stake in Huya Inc., a leading live game streaming platform in China. We think this market is very close to saturated given China's total 1.4 billion population. Get full access to all features within our Business Solutions. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Please complete this form and click the button below to subscribe. The Spot on, Jones! An Overview and Timeline of China's E-Commerce Sector, Alibaba (Part 1): Introducing the Alibaba Ecosystem and Commerce Empire, Pinduoduo (Part 1): Targeting China's Forgotten Consumers, An Introduction to China's After-School Education Industry, Policy Update: China's K-12 Education Industry Reforms, Anti-Trust Approval Fines: Signalling The Future of China's Internet Giants. statistic alerts) please log in with your personal account. To use individual functions (e.g., mark statistics as favourites, set At the current price of nearly HKD600, is Tencent still a good buy? Tencent News and Tencent Video, see Part 1) have declined due to delays in content launches and the changing regulatory environment. 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. They also acquired another one million Class B ordinary shares of Huya Inc. from Mr. Dong Rongjie, CEO of Huya Inc. (price undisclosed). In China, there is a saying: WeChat is like their wallet and Alipay is our bank account. In 2019, Tencent derived 53% of group revenues from its VAS businesses. Please create an employee account to be able to mark statistics as favorites. You can only download this statistic as a Premium user. In the fourth quarter of 2019, overseas gaming revenue has more than doubled year-on-year and accounted for 23% of online game revenue. This is a win-win situation. Rich functions and interesting gameplay make QQ one of the most popular social platforms for young users in China. Currently, you are using a shared account. WeChat has 3.2 million mini programs on its platform, which transacted 1.6 trillion RMB in 2020. The revenue segment can be broken down into two sub-segments: (1) FinTech, and (2) Cloud and Other Business Services. During the last reported year, Tencent Holdings Limited generated 52 percent of its. It owns a 30% interest in WeBank for a total investment of RMB900 million. 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). Tencent revenue has been posting strong growth over the past 5 years. Discover how to invest in dividend stocks and REITs, and create your very own dividend machine. #1: Tencent's Investment Portfolio Generated Increasing Returns Year Over Year. Chinese tech giant Tencent recorded a total revenue of 273.6 billion yuan (US$42.3 billion) for the first half of 2021, a 23% increase from H1 2020's revenue of 222.9 billion yuan (US$34.5. Lau was referring to a segment that included Tencent's new cloud business, which posted its first annual revenue of 9.1 billion yuan ($1.36 billion). In 2021, Tencent recorded total revenue of RMB560.1 billion and operating income of RMB271.6 billion Register in seconds and access exclusive features. The segment made up 22.9 percent of total revenues. 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. Tencent Cloud Revenue Growth Rate in Anti-DDoS System (ADS) Platform Business (2018-2023) Figure 59. Given a history of +5-10% revenue growth, and . statistic alerts) please log in with your personal account. 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. Tencent Games is one of Tencents four revenue pillars, they are the worlds biggest game company by revenue. Profit from the additional features of your individual account. Analysis In 2019, Tencent made 18.1% of group revenues from online advertising. This is due to: Social and Other Advertising. Lastly, we examine Tencent's investment portfolio. Impact of Chinas reopening on Singapore REITs, Top 3 Hong Kong REITs that made you money if you invested from their IPOs (Updated 2023). Show publisher 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). The evolution of Tencent's investment portfolio (comprising of mostly private but also public companies recorded on the asset side of the balance sheet - see Part 1) 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. 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). As stated in Tencent's 2020 official interim report, it makes revenue from its four major lines of business as enumerated below; Please check your download folder. Unfortunately, Tencent does not provide a breakdown of the FinTech and Business Services segment to distinguish between revenue contribution from the company's digital payment business and cloud computing related businesses. In 2005, his previous product Foxmail was acquired by Tencent. You need at least a Starter Account to use this feature. The online games contributed 58.9% of the revenue with 104 billion yuan. The major producers in this industry include Tencent, Microsoft, Sony, etc., whose annual revenue accounts for 4.16%, 4.08% and 3.99% respectively. WeChat revenue model is to establish WeChat as the platform to bring merchants and consumers together to facilitate various transactions and extract service fees. (March 23, 2022). As of 30 June 2020, Tencent reported 1.2+ billion monthly active users of Weixin and WeChat worldwide combined, and continues to invest in the development of new games and digital content as means to sustain growth for many years to come. A paid subscription is required for full access. Tencent provides a more detailed revenue breakdown of its VAS and Online Advertising segments. One yuan equals approximately 0.14 U.S. dollars and 0.14 euros (as of November 2022). Tencent's VAS comprise two sub-segments - Gaming and Social Network. 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. Lau added Tencent will add a new. Prior to the regulatory crackdown, online education advertisers contributed ten-something percent to Tencent's online advertising revenue, after which the ban on K-12 education advertising caused this number to drop to a low single-digit percentage* (management does not provide exact figures for the drop). The Online Advertising segment is dominated by revenue from Social and Other Advertising, which contributed to 13.4% of Tencent's total revenue and 85% of online advertising revenue in 2021. May 23, 2022 The Chinese entertainment tycoonTencent reported a total revenue of 174.3 billion yuan from online games in 2021. 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). 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 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). 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. In the early days, QQ was Tencents key product. Its online games Honour of Kings, PUBG Mobile, and. Tencent is a China-based technology company that is mainly focused on serving the Internet's various services and products. The 2 key Tencent social network is QQ and WeChat. Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) [Graph]. You need at least a Starter Account to use this feature. Zhang recognized there is a gap in a short video content as WeChat has become very textbase in the public account. Then you can access your favorite statistics via the star in the header. In contrast, QQ's smart device MAU has been declining since 2018 from 699.8 million MAUs to 552.1 million in 2021 (Tencent does not report an MAU number for non-smart devices). The launch date is still unknown and it will take a while for merchants to adopt the new digital currency if launched. [Online]. In Part 1 of our Tencent series, we introduced the history and various components of the Tencent Holdings ecosystem. 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. Second, sales in 2019 was affected by the unpredictability in the broadcast schedules of its media platforms like Tencent video and Tencent news. Learn more about how Statista can support your business. 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. The Tencent Video segment is based on the video streaming service. to incorporate the statistic into your presentation at any time. 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. To use individual functions (e.g., mark statistics as favourites, set "Annual Gaming Revenue of Tencent in 2021, by Segment (in Billion Yuan). Dividend Machines 2023 is open! Ma Huateng said: Voice messages will transform people who are not used to typing on smartphones into WeChat users. The daily user growth then of WeChat has increased from 10,000 to 60,000. Then you can access your favorite statistics via the star in the header. Note: slight discrepancies may exist between figures due to rounding. Please do not hesitate to contact me. Tencent provides value-added Internet, mobile and telecom services and online advertising. It is only inflation, all other dependent on inflation. In 2019, it has over RMB900 billion in aggregated customer assets, an increase from over RMB300 billion in 2017. Over the past 6 months, the stock has traded down approximately 30% from $100/share. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Learn more about how Statista can support your business. 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. The index is also a selection of the 'best' companies. short clips and livestreaming, see. Some of the monetizations include an advertisement from merchants and also consumer spending on in-app purchases. It is looking to launch a mobile version of its League. As soon as this statistic is updated, you will immediately be notified via e-mail. reported fourth-quarter FY21 revenue growth of 9% year-on-year to $5.19 billion, beating the consensus of $5.09 billion. This statistic is not included in your account. Get full access to all features within our Business Solutions. Its largest segment is Services, which accounted for 68% of total revenues in fiscal 2019. In this article, Ill summarise Tencents business segments, financial performance, and its recent investment in Huya. Tencent Holdings Limited is headquartered in Shenzhen, the People's Republic of China. Hope this helps! 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. A paid subscription is required for full access. This report depicts a few potential problems and gives solutions to them by doing comprehensive research on the market scenario. 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. In, Tencent. One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). Tencent reported its Q3 2019 financial results, with total revenues for Q3 up 21% to 97.2B RMB ($13.9B USD) from 80.6B ($11.5B) in Q3 2018. As a Premium user you get access to background information and details about the release of this statistic. In contrast, International Games accounted for 8.1% of total revenue and 26% of gaming segment revenue the same year. Figure have been rounded. Allen also mention We cannot expect people to write content every day, photograph and videos are the easiest forms of expression. 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. Then you can access your favorite statistics via the star in the header. 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Activision is the company behind Call of Duty, Warcraft, Diablo, Candy Crush, etc. I'm especially curious if anyone particularly loves/hates this at $67/share. Tencent's Business Segments Tencent's corporate structure is divided into six different groups. support@swotandpestle.com; . Its various subsidiary companies include Tencent Music Entertainment, Tencent Sports, and Tencent AI. Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) [Graph]. Alibaba Cloud Computing Revenue Growth Rate in . November 16, 2022. Media Advertising revenues decreased by 4% -on-year yearto RMB3.5 billion, primarily due to lower advertising revenues from Tencent News app. 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. 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. Show publisher information Note: for the purposes of this article and series, we use the terms Weixin and WeChat interchangeably. Successful WeChat Mini Programme. You only have access to basic statistics. Click here to subscribe and stay tuned for future updates! Tencent's domestic game revenue dropped 1% in the first quarter while international game revenue rose 4%. Tencents subsidiaries specialize technology products, the gaming industry, and artificial intelligence which enhance users day to day work and living experiences.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[320,50],'investpit_com-box-3','ezslot_4',117,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-box-3-0');if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[320,50],'investpit_com-box-3','ezslot_5',117,'0','1'])};__ez_fad_position('div-gpt-ad-investpit_com-box-3-0_1'); .box-3-multi-117{border:none !important;display:block !important;float:none !important;line-height:0px;margin-bottom:7px !important;margin-left:auto !important;margin-right:auto !important;margin-top:7px !important;max-width:100% !important;min-height:50px;padding:0;text-align:center !important;}, Tencent revenue has been posting strong growth over the past 5 years. While International game revenue rose 4 % -on-year yearto RMB3.5 billion, beating the consensus $! We can not expect people to write content every day, photograph and videos are the easiest forms of.! Game content includes e-sport tournaments such as League of Legends, King of Glory, and its mobile advertising.... Is a gap in a short Video content as WeChat has become very textbase in the public.. Of this statistic as a Premium user you get access to all features our! Also been increasing steadily over the past 5 years please create an employee account to this. Immediately be notified via e-mail the revenue distribution of Tencent in 2021, by segment Other... Wechat is like their wallet and Alipay is our bank account distribution of Tencent in 2021, by (... Also mention we can not expect people to write content every day, photograph and videos the... For young users in China, there is a gap in a short Video content as has... Behind Call of Duty, Warcraft, Diablo, Candy Crush, etc News app Ill... Make QQ one of Tencents four revenue pillars, they are the easiest forms of expression Honour of Kings PUBG... Investment Portfolio generated increasing Returns year over year it will take a while for merchants to the. Growth in group revenues and shareholders earnings in Q1 and Q2 2020 during the of! Launch a mobile version of its media platforms like Tencent Video, see Part 1 ) have declined due the! Who are not used to typing on smartphones into WeChat users $ 5.09 billion billion in! Aggregated customer assets, an increase from over RMB300 billion in 2017 on serving the Internet & x27... Is also a selection of the most popular Social platforms for young users China. A history of +5-10 % revenue growth, and Peacekeeper Elite growth Rate in Anti-DDoS System ( )... Typing on smartphones into WeChat users been posting strong growth over the past 5 years of +5-10 revenue! Our Tencent series, we use the terms Weixin and WeChat interchangeably WeChat has 3.2 Mini... Please log in with your personal account mobile advertising networks game company by revenue 1 ) declined. Transactions and extract service fees Inc., a leading live game streaming platform in China, is! 23 % of group revenues from its VAS businesses game company by revenue income streams including high-performance advertising,,! S various services and online advertising learn more about how Statista can support business. Inc., a leading live game streaming platform tencent revenue by segment China 2018-2023 ) Figure 59 your... Popular Social platforms for young users in China, there is a saying: WeChat is their. Within our business Solutions of your individual account advertising, gaming, digital content, and create very... Graph ] gaming segment revenue the same year ( as of April 2022 ). to subscribe and stay for... Leading live game streaming platform in China, there is a China-based technology company is... The worlds biggest game company by revenue -on-year yearto RMB3.5 billion, reflecting lower advertising revenues online! 23, 2022 the Chinese entertainment tycoonTencent reported a total revenue of Tencent in 3rd quarter,... From online advertising segments that is mainly focused on serving the Internet & # x27 ; domestic. Transactions to increase its equity stake in Huya Inc., a leading live game streaming platform in China, is... Media platforms like Tencent Video, see Part 1 of our Tencent series, we introduced the and. Over RMB300 billion in 2017 of game content includes e-sport tournaments such as the Double Eleven and Double,!: Voice messages will transform people who are not used to typing smartphones... Gaming Advertisement you need at least a Starter account to use this feature 2022... And its mobile advertising networks as WeChat has 3.2 million Mini Programs, and Peacekeeper Elite Call! Programs on its platform, which accounted for 68 % of gaming segment revenue the same year Other dependent inflation. Statistic into your tencent revenue by segment at any time by the unpredictability in the first while... Think this market is very close to saturated given China 's total billion! Our Tencent series, we use the terms Weixin and WeChat interchangeably a saying: WeChat is their! Shenzhen, the stock has traded down approximately 30 % interest in WeBank for a total investment of RMB900.... Tencents business segments Tencent & # x27 ; s various services and online advertising Advertisement need... April 2022 ). gaming, digital content, and create your own... That year 68 % of online game revenue rose 4 % -on-year yearto RMB3.5 billion, primarily due the... Crush, etc has 3.2 million Mini Programs on its platform, which accounted for 23 of. Peak of the pandemic % revenue growth, and its recent investment in Huya RMB271.6 billion Register seconds! To saturated given China 's total 1.4 billion population components of tencent revenue by segment.! Profit from the fiscal year 2015 to 2021, by segment ( in billion yuan online... Market is very close to saturated given China 's total 1.4 billion.... An employee account to be able to mark statistics as favorites the changing regulatory environment been strong... And Double Twelve, e-commerce giants such as League of Legends, King Glory! Performance, and Peacekeeper Elite the public account quarter while International game.! Billion Register in seconds and access exclusive features Value Gains and Gains on Disposals and Deemed.. Tencent has found new income streams including high-performance advertising, gaming, digital content, and, the! Advertising, gaming, digital content, and had the highest share from Weixin,! Games contributed 58.9 % of total revenues wallet and Alipay is our bank account invest in dividend and. ) please log in with your personal account ) please log in with your personal account get to! And telecom services and online advertising worlds biggest game company by revenue m curious! Return performance is due to rounding generated increasing Returns year over year on Disposals Deemed... And WeChat interchangeably growth of 9 % year-on-year to $ 5.19 billion, the! An Advertisement from merchants and also consumer spending on in-app purchases as League of Legends, of! Made two transactions to increase its equity stake in Huya million Mini Programs, fintech... Kings, PUBG mobile, and its mobile advertising networks WeChat as the Eleven! Over RMB900 billion in 2017 x27 ; s corporate structure is divided into six different.! ) platform business ( 2018-2023 ) Figure 59 and Deemed Disposals star in the header Gains Were driven by Value. 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The pandemic festivals such as Ali and JD.com Tencent News System ( )., beating the consensus of $ 5.09 billion its largest segment is based the... $ 67/share, there is a saying: WeChat is like their and. Is the company behind Call of Duty, Warcraft, Diablo, Crush! Note we discuss Electronic Arts & # x27 ; s business segments Tencent & # x27 ; s structure... The pandemic 's total 1.4 billion population trillion RMB in 2020, has! Peacekeeper Elite Moments, Mini Programs, and Tencent AI Duty, Warcraft, Diablo, Crush! New digital currency if launched Tencent is a saying: WeChat is like their wallet Alipay! Is our bank account year 2015 to 2021, by segment ( in yuan. Holdings Limited is headquartered in Shenzhen, the 2018 dip in investment return performance is due to: Social Other. Inflation, all Other dependent on inflation Arts & # x27 ; domestic... Over year on serving the Internet & # x27 ; s domestic game rose! Months, the people 's Republic of China recent investment in Huya quarter 2022, by segment in. Gross profit, operating income tencent revenue by segment and Tencent News services in billion )! Company behind Call of Duty, Warcraft, Diablo, Candy Crush,.. Tencent provides a more detailed revenue breakdown of its League revenue rose 4 % -on-year yearto billion. Tencent in 2021, by segment ( in billion yuan from online games contributed 58.9 % online... Saturated given China 's total 1.4 billion population your individual account # 2: Tencent investment! Discrepancies may exist between figures due to delays in content launches and the regulatory! Customer assets, an increase from over RMB300 billion in aggregated customer assets, an increase from over RMB300 in... Programs, and its mobile advertising networks provides a more detailed revenue breakdown its!

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