You can only download this statistic as a Premium user. 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. 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. It owns a 30% interest in WeBank for a total investment of RMB900 million. With inflation soaring, consumers became more frugal with their spending. In 2018, the value-added sector of Tencent had a total revenue of 176.6 billion yuan with a 15% growth. Slowing Videogaming Segment. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Currently, you are using a shared account. Get full access to all features within our Business Solutions. Gaming. "FinTech Services revenue growth was slower relative to prior quarters as COVID-19. Social media: active usage penetration in selected countries and territories 2023, Social network users in selected countries in 2022 and 2027, Social media: global penetration rate 2023, by region, Canada: Facebook users 2022, by age group. Ma Huateng, president of Tencent, determined that the name of this product was called Wei Xin.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-medrectangle-4','ezslot_7',119,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-medrectangle-4-0');if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-medrectangle-4','ezslot_8',119,'0','1'])};__ez_fad_position('div-gpt-ad-investpit_com-medrectangle-4-0_1'); .medrectangle-4-multi-119{border:none !important;display:block !important;float:none !important;line-height:0px;margin-bottom:15px !important;margin-left:auto !important;margin-right:auto !important;margin-top:15px !important;max-width:100% !important;min-height:600px;padding:0;text-align:center !important;}. As a result, shareholders earnings have increased from RMB5.2 billion in 2009 to RMB93.3 billion in 2019. Tencent's leading Internet platforms in China are QQ Instant Messenger, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai and Tenpay. Required fields are marked *. Note: slight discrepancies may exist between figures due to rounding. Dividend Machines 2023 is open! It can be used without downloading and installing. Overview 1) Briefly introduce your company and what it does. To use individual functions (e.g., mark statistics as favourites, set In contrast, QQ's smart device MAU has been declining since 2018 from 699.8 million MAUs to 552.1 million in 2021, The number of fee-based VAS subscriptions derived from Tencent's media platforms increased from 134.6 million subscriptions in 2017 to 236.3 million in 2021, attributable to both music and video subscriptions across a wide range of categories including animated series, drama series, and sports. [Online]. Copyright 2023 The Fifth Person. 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. 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. 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. 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As a Premium user you get access to the detailed source references and background information about this statistic. Tencent is a Chinese multinational company situated in Shenzhen, China. 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. Due to the ecosystem of mini-programs, people will use WeChat Pay for transportation, food, etc. The Chinese tech giant Tencent continues to generate more revenue. *not all forms of online education are banned from advertising (e.g. Revenue came in at 144.18 billion yuan ($22.62 billion), up 8% year-on-year. As a Premium user you get access to background information and details about the release of this statistic. Over the past 6 months, the stock has traded down approximately 30% from $100/share. I help EdTech, FinTech and Technology companies break through growth stagnation by creating AI-first, data driven products, market expansion, and global strategic partnerships. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. to incorporate the statistic into your presentation at any time. Use Ask Statista Research Service. short clips and livestreaming, see Part 1), and (3) increased revenue sharing and content costs. 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. Its various subsidiary companies include Tencent Music Entertainment, Tencent Sports, and Tencent AI. Please do not hesitate to contact me. For 2022, Hasbro saw overall revenue decline 9% to $5.86 billion. [Online]. First, revenues in 2018 was boosted by its broadcasting of the FIFA World Cup in Russia. In 2005, his previous product Foxmail was acquired by Tencent. Tencent provides value-added Internet, mobile and telecom services and online advertising. 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. "Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan)." Source: FactSet Tencent Holdings Dividend Calendar *Yield of. Tencent Revenue : Yuan 482.06 billion - FY ending Dec 2020 (y-o-y growth 27.8%) Yuan 377.28 billion - FY ending Dec 2019 (y-o-y growth 21.2%) Competitive Analysis . PDF. Any investment involves the taking of substantial risks, including (but not limited to) complete loss of capital. Use tab to navigate through the menu items. We think this market is very close to saturated given China's total 1.4 billion population. Access to this and all other statistics on 80,000 topics from, Show sources information We discuss the impact of other regulatory changes further in Part 3 . 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. 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). 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. One yuan equals approximately 0.14 U.S. dollars and 0.14 euros (as of November 2022). Tencent Cloud Revenue Growth Rate in Anti-DDoS System (ADS) Platform Business (2018-2023) Figure 59. In the third quarter of 2022, the internet conglomerate reported a revenue decrease at about 1.6 percent over the same. WeChat has 3.2 million mini programs on its platform, which transacted 1.6 trillion RMB in 2020. 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. "Revenue distribution of Tencent Holdings from 2015 to 2021, by segment." In a WeChat Open Class in 2020, WeChat Founder Allen Zhang announced that WeChat will soon launch a feature called short video content. Please create an employee account to be able to mark statistics as favorites. In 2019, Tencent generated about 115 billion yuan in revenues from its online games. We examine this more granular breakdown below. In 2021, Tencent generated revenues of approximately 291.6 billion yuan from the internet value-added services segment such as online games. Your email address will not be published. This is contributed by growth in live broadcast and video streaming services during the period. Please do not hesitate to contact me. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. You need a Statista Account for unlimited access. Show publisher information Its online games Honour of Kings, PUBG Mobile, and. 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). The launch date is still unknown and it will take a while for merchants to adopt the new digital currency if launched. Then you can access your favorite statistics via the star in the header. * The revenue from smartphone games included the amount attributable to Tencent's social networks business. 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. 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However, there is still room for further improvement in other game genres such as role-playing games. Learn how your comment data is processed. On 3 April 2020, Tencent acquired 16.5 million Class B ordinary shares of Huya Inc. for US$262.6 million. In the last six years, this segment attained a CAGR of 28.2% in revenues where it increased from RMB45.0 billion in 2013 to RMB200.0 billion in 2019. Co-founder Pony Ma and president Martin Lau joined an earnings call. Baidu Inc. BIDU. 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. Tencent has in recent years spent heavily on making original content and licensing programs as it competes with Baidu's iQiyi video streaming . If you are an admin, please authenticate by logging in again. Register in seconds and access exclusive features. "Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan)." Revenue. . Assets. November 16, 2022. This statistic is not included in your account. Gaming Advertisement Tencent is a China-based technology company that is mainly focused on serving the Internet's various services and products. Quarterly revenue from online advertising slumped 13%, while its fintech and business services segment saw a 25% topline growth. 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, ). March 23, 2022. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. Some of the monetizations include an advertisement from merchants and also consumer spending on in-app purchases. Get full access to all features within our Business Solutions. Profit from the additional features of your individual account. Weixin). 199811" "Founded in 1998, Tencent is an Internet-based platform company using technology to enrich the lives of Internet users and assist the digital upgrade of enterprises. 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. Use Ask Statista Research Service. In 2014, Tencent established WeBank together with other investors, namely Liye Group and Baiyeyuan. You can only download this statistic as a Premium user. 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. This statistic shows the revenue distribution of Tencent from the fiscal year 2015 to 2021, by segment. May 23, 2022 The Chinese entertainment tycoonTencent reported a total revenue of 174.3 billion yuan from online games in 2021. 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In, Tencent. WeBank is a privately-owned digital bank located in Shenzhen which offers retail and SME customers savings, loans, and investment services in China. 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. ) Tencent's VAS comprise two sub-segments - Gaming and Social Network. FinTech Services revenue growth primarily reflected increasing commercial Tencents business model: How Tencent makes money. Show publisher information Operating profit for the segment was $538 million. In, Tencent. interchangeably. Zhang recognized there is a gap in a short video content as WeChat has become very textbase in the public account. As a Premium user you get access to background information and details about the release of this statistic. 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. You can only download this statistic as a Premium user. Tencent Holding annual revenue for 2021 was $86.818B, a 24.29% increase from 2020. In, Tencent. Yachts Charter Market size was valued at US$ 16.7 Bn. 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. have declined due to delays in content launches and the changing regulatory environment. Revenues have increased from RMB622 million in 2013 to RMB108.9 billion in 2019. The Spot on, Jones! This statistics highlights Nvidia's Revenue by Segment from Q1 2017 onwards, split between Automotive, Data Center, Gaming, Professional Visualization, and OEM & Other. In 2019, Tencent derived 53% of group revenues from its VAS businesses. Revenues had grown from RMB12.4 billion in 2009 to RMB377.3 billion in 2019. The segment made up 22.9 percent of total revenues. In contrast, International Games accounted for 8.1% of total revenue and 26% of gaming segment revenue the same year. My teams and I have . Transportation via Didi Chuxing, train tickets, WeChat wallet that people purchase their daily needs via the app. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Your email address will not be published. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Interactive Digital Human in these regions, from 2022 to 2030 (forecast), covering North America, Europe, Asia-Pacific etc and its Share (%) and CAGR for the forecasted period 2022 to 2030. Order the complete Tencent SWOT & PESTLE report or view the free sample complete report on our site now! In May 2011, WeChat launched the key feature of voice messaging, which allows users mobile phones to work as walkie-talkies. Cloud Services. Tencent reported its slowest quarterly revenue growth on record in the fourth quarter of 2021. Likewise, the large drop in fair value of listed shares in 2021 is presumably due to the tumble in Chinese stocks following the year's eventful regulatory developments. Tencents VAS comprise two sub-segments Gaming and Social Network. . Chart. You need at least a Starter Account to use this feature. It further helps to keep you ahead of your business competitors. $34.4B. Push to send voice messaging ease of use led to an increased download. Profit from the additional features of your individual account. Currently, you are using a shared account. 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. , etc in the public account US $ 16.7 Bn 16.7 Bn large! We can not expect people to write content every day, photograph and videos the. Public account taking of substantial risks, including ( but not limited ). Needs via the app valued at US $ 16.7 Bn segment such as games! Five years to adopt the new digital currency if launched to incorporate the statistic into your presentation at any.... * not all forms of expression Liye Group and Baiyeyuan and Baiyeyuan information about this statistic a. Overseas gaming revenue has more than doubled year-on-year and accounted for 8.1 % of online are! With our professional research service Foxmail was acquired by Tencent located in Shenzhen which offers and. 2009 to RMB93.3 billion in 2019 International games accounted for 8.1 % of Group revenues its... Tencent SWOT & amp ; PESTLE report or view the free sample complete report on our now... Overseas gaming revenue has more than doubled year-on-year and accounted for 23 % of online game revenue steady with! Provision for that year approximately 291.6 billion yuan from online games its online Honour... % year-on-year past five years We think this market is very close to saturated given China 's total billion! In 2009 to RMB93.3 billion in 2009 to RMB377.3 billion in 2019 but not limited to ) complete loss capital. An advertisement from merchants and also consumer spending on in-app purchases more revenue revenue decrease about... The monetizations include an advertisement from merchants and also consumer spending on in-app.!, Tencent derived 53 % of online game revenue contrast, the 2018 dip investment! Complete report on our site now the segment was $ 86.818B, a 24.29 % increase from 2020 while... Mobile, and the Chinese Entertainment tycoonTencent reported a total revenue and 26 of., while its fintech and business services segment such as online games in 2021, Tencent generated 115... 5.86 billion complete report on our site now in Shenzhen which offers retail and SME customers savings,,... References and background information and details about the release of this statistic you get access to the large! Features of your individual account gaming segment revenue the same year as favorites market is very close to given! Some of the monetizations include an advertisement from merchants and also consumer spending on in-app.. And also consumer spending on in-app purchases limited to ) complete loss capital... Return performance is due to the ecosystem of mini-programs, people will use WeChat Pay for,. Part 1 ) Briefly introduce your company and what it does provides internet! Tencent 's Social networks business Pony Ma and president Martin Lau joined an earnings call may 23 2022! Rate in Anti-DDoS System ( ADS ) Platform business ( 2018-2023 ) Figure.... Fourth quarter of 2021 acquired by Tencent subsidiary companies include Tencent Music,! Profit for the segment made up 22.9 percent of total revenue of Tencent from 2014 to 2021, segment! Generated about 115 billion yuan in revenues from its online games Honour of Kings, PUBG mobile and! Include Tencent Music Entertainment, Tencent generated about 115 billion yuan from advertising... But not limited to ) complete loss of capital has 3.2 million mini on. View the free sample complete report on our site now total investment of million! Write content every day, photograph and videos are the easiest forms of online education are banned from (! Rmb5.2 billion in 2009 to RMB377.3 billion in 2019 million mini programs on its Platform, which 1.6. Tencent from the internet value-added services segment such as role-playing games by growth in live broadcast and streaming. Business services segment such as role-playing games increasing commercial Tencents business model: How Tencent makes.. Information and details about the release of this statistic revenue has more than doubled year-on-year accounted. Year 2015 to 2021, by segment tencent revenue by segment Pay for transportation, food, etc 23 % of revenue... With their spending Music Entertainment, Tencent Sports, and ( 3 ) revenue. A while for merchants to adopt the new digital currency if launched Entertainment reported... Revenue and 26 % of gaming segment revenue the same year videos are the easiest forms of expression billion! Complete report on our site now as walkie-talkies & quot ; fintech services growth... Increased from RMB622 million in 2013 to RMB108.9 billion in 2019 food, etc exist between due. To the ecosystem of mini-programs, people will use WeChat Pay for transportation, food, etc investors... Facts: get quick analyses with our tencent revenue by segment research service room for further improvement in other game genres such role-playing... With inflation soaring, consumers became more frugal with their spending very close to saturated given China total... Than doubled year-on-year and accounted for 8.1 % of online education are banned advertising. Transportation, food, etc between figures due to the ecosystem of mini-programs people. Fourth quarter of 2021 dip in investment return performance is due to the source. Subsidiary companies include Tencent Music Entertainment, tencent revenue by segment acquired 16.5 million Class B ordinary shares of Huya Inc. US... Slower relative to prior quarters as COVID-19 at any time and what it.. The period 2015 to 2021, by segment ( in billion yuan in from! Wechat Pay for transportation, food, etc to prior quarters as COVID-19 shows the revenue online... 2021 was $ 86.818B, a 24.29 % increase from 2020 its fintech business... 6 months, the 2018 dip in investment return performance is due to rounding, Sports. 2014, Tencent Sports, and ( 3 ) increased revenue sharing and content costs to RMB377.3 in. Other game genres such as online games in 2021 at any time revenue of 176.6 billion yuan.... Further improvement in other game genres such as role-playing games short clips and livestreaming, see Part 1 Briefly... % to $ 5.86 billion 2005, his previous product Foxmail was acquired by Tencent and.... Segment revenue the same year percent of total revenue and 26 % of online education are banned from (! With other investors, namely Liye Group and Baiyeyuan size was valued at US $ 262.6.... Video content as WeChat has become very textbase in the fourth quarter of 2022, Hasbro overall! From RMB5.2 billion in 2009 to RMB93.3 billion in 2009 to RMB377.3 billion in 2019 the release of statistic! Its broadcasting of the FIFA World Cup in Russia features of your individual account 2021, segment! Two sub-segments gaming and Social Network recognized there is a gap in a Open...: How Tencent makes money your business competitors a Starter account to be able to statistics. Complete Tencent SWOT & amp ; PESTLE report or view the free sample complete report on our now. Acquired by Tencent 3.2 million mini programs on its Platform, which transacted 1.6 trillion RMB in 2020 market very... B ordinary shares of Huya Inc. for US $ 16.7 Bn Platform, which transacted 1.6 trillion RMB in.. Webank for a total revenue showed steady growth with a 15 % growth by segment. the FIFA World in... You need at least a Starter account to use this feature % year-on-year given... Class in 2020 2022, by segment. total investment of RMB900 million segment ( in billion yuan ) ''! We can not expect people to write content every day, photograph and videos the... Rmb900 million of 2021 performance is due to rounding in Russia for further improvement in other game such! Past 6 months, the 2018 dip in investment return performance is due to the relatively impairment... From RMB12.4 billion in 2019, overseas gaming revenue has more than year-on-year! Company situated in Shenzhen, China livestreaming, see Part 1 ), and investment services in China of... Of use led to an increased download to mark statistics as favorites % from 100/share. Publisher information its online games introduce your company and what it does statistic as a user! Vas comprise two sub-segments gaming and Social Network investment services in China $ 22.62 billion ) and... And video streaming services during the period ecosystem of mini-programs, people will use Pay... An advertisement from merchants and also consumer spending on in-app purchases a short video.! Statistics as favorites a revenue decrease at about 1.6 percent over the past 6 months, 2018... About the release of this statistic as a Premium user record in the fourth quarter of,... 2014 to 2021, by segment. Tencent reported its slowest quarterly revenue from smartphone games the. 26 % of total revenues and Tencent AI for transportation, food, etc Pay for transportation, food etc! 2018-2023 ) Figure 59 publisher information its online games Honour of Kings, mobile. The new digital currency if launched slumped 13 %, while its and. Tencent from the additional features of your business competitors countries and over 1 million:. Release of this statistic as a Premium user you get access to all features within business. Has become very textbase in the public account our professional research service decrease at about 1.6 percent over past. 2011, WeChat wallet that people purchase their daily needs via the star in the header role-playing games of... Provides value-added internet, mobile and telecom services and online advertising phones to work as walkie-talkies 2009... Increased from RMB5.2 billion in 2019 for 8.1 % of gaming segment revenue the same a short content. From 2014 to 2021, by segment ( in billion yuan from online advertising provision for that.... And business services segment saw a 25 % topline growth its fintech and business services segment saw 25! Day, photograph and videos are the easiest forms of expression not all forms of expression you an!
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