tencent revenue by segment

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. We think this market is very close to saturated given China's total 1.4 billion population. You can only download this statistic as a Premium user. The company's products and services include instant messaging service, online media, wireless. Specifically, Tencent repurchased 180,000. Chart. This business is the key contributor of growth to its online advertising revenues as it achieved a CAGR of 57.1% over the past four years in revenues from RMB8.7 billion in 2015 to RMB52.9 billion in 2019. Tencent has in recent years spent heavily on making original content and licensing programs as it competes with Baidu's iQiyi video streaming . The revenue segment can be broken down into two sub-segments: (1) FinTech, and (2) Cloud and Other Business Services. Statista. #6: Tencent's Gross Profit Margin Is Relatively Constant While Operating Profit Margin Shows Greater Fluctuation. In 2013, Tencent launched Tencent Cloud. Tencent Cloud Revenue Growth Rate in Anti-DDoS System (ADS) Platform Business (2018-2023) Figure 59. 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. Every investor has different strategies, risk tolerances and time frames. Note: slight discrepancies may exist between figures due to rounding. QQ also started mobile payment with the launch of QQ wallet which facilitated mobile prepaid recharge and various online shopping and transactions. Co-founder Pony Ma and president Martin Lau 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. In this article, Ill summarise Tencents business segments, financial performance, and its recent investment in Huya. statistic alerts) please log in with your personal account. Are you interested in testing our business solutions? Please create an employee account to be able to mark statistics as favorites. The overview should not exceed half a page double-spaced. Tencent's revenues related to the application mostly come from the domestic version (i.e. 16.5 million Class B ordinary shares of Huya Inc. for US$262.6 million, acquire 30 million Class B ordinary shares of Huya Inc. for US$ 810 million from JOYY. You need a Statista Account for unlimited access. 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. Management claims that the decline in QQ's smart device MAU is due to Tencent's purging of spam and bot accounts, although we think that consumer switching from QQ to Weixin also plays a role as users migrate from the more PC-oriented QQ platform to mobile-friendly Weixin (see Part 1). The ideal entry-level account for individual users. Profit. #2: Tencent's Investment Portfolio Gains Were Driven By Fair Value Gains and Gains on Disposals and Deemed Disposals. FinTech Services revenue growth primarily reflected increasing commercial Are you interested in testing our business solutions? Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. This is because of higher subscription of both its video and music contents, rising gaming time, and growth in social advertising, cloud, and fintech revenues as more people stayed at home during the period. Statista. Show publisher information Lau added Tencent will add a new. In contrast, International Games accounted for 8.1% of total revenue and 26% of gaming segment revenue the same year. In, Tencent. Tencent Holding annual revenue for 2021 was $86.818B, a 24.29% increase from 2020. In 2019, Tencent made 18.1% of group revenues from online advertising. The major producers in this industry include Tencent, Microsoft, Sony, etc., whose annual revenue accounts for 4.16%, 4.08% and 3.99% respectively. Business Solutions including all features. 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. Its online games Honour of Kings, PUBG Mobile, and. WeChat wants to empower everyone to create content. As mentioned in Part 1, the VAS segment is broken down into: (1) domestic games, (2) international games, (3) communication and social, and (4) digital content, while the Online Advertising segment comprises of the two sub-segments: (1) social and other advertising, and (2) media advertising. Each voice message cannot exceed 60 seconds. 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). [Online]. 3 Please refer to the official announcement for details. Tencent is a China-based technology company that is mainly focused on serving the Internet's various services and products. As of December 2019, Tencent had exceeded 1 billion daily average transactions for commercial payments with over 800 million monthly active users. WeBank. Advertising revenues decreased by 25% to RMB3.2 billion, reflecting lower advertising revenues from Tencent Video and Tencent News services. Of the 236 million paid subscriptions in 2021, 124 million were, 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. ) 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. In 2021, Tencent generated revenues of approximately 291.6 billion yuan from the internet value-added services segment such as online games. Register in seconds and access exclusive features. Learn more about how Statista can support your business. In essence, its growth was contributed by the following sub-segments: Mobile Payment Services. 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. Revenues from FinTech and Business Services increased by 30% to RMB43.3 billion for the third quarter of 2021 on a year-on-year basis. It is social, free and popular on mobile -- the fastest growing segment of gaming. Tencent. Learn more about how Statista can support your business. Then you can access your favorite statistics via the star in the header. Analysis Tencent attained a CAGR of 36.8% over the past six years in Social Network revenue, up from RMB13.0 billion in 2013 to RMB85.3 billion in 2019. You need at least a Starter Account to use this feature. Accessed March 02, 2023. https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent. 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 reported 21.8 billion yuan in revenue for ads, up 23 per cent for the quarter, driven by social ads on WeChat's Moments, a feature similar to Facebook's News Feed. In the fourth quarter of 2019, overseas gaming revenue has more than doubled year-on-year and accounted for 23% of online game revenue. Chart. 2014.07.25 have declined due to delays in content launches and the changing regulatory environment. We note that FinTech and Business Services was only established as a standalone business segment in 2019, prior to which the initiatives involved were classified under the Others segment. It was supported by higher revenue earned from Weixin Moments, Mini Programs, and its mobile advertising networks. Cite your source. WeChat has 3.2 million mini programs on its platform, which transacted 1.6 trillion RMB in 2020. In contrast, Media Advertising accounted for only 2.4% of total revenue and 15% of online advertising revenue. Use tab to navigate through the menu items. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Overview 1) Briefly introduce your company and what it does. PDF. sail past the $1.5 billion in annual revenue generated by Call of Duty, the industry's top-selling game . Please create an employee account to be able to mark statistics as favorites. Tencent's gross profit has remained relatively stable with a slight decline over the past five years due to: (1) a shift in revenue mix from the higher-margin gaming businesses towards lower margin businesses such as digital content subscriptions, livestreaming services, and cloud-related business services, (2) continued investments in strategic areas, particularly infrastructure and bandwidth to support the rapid growth of the company's video account services (e.g. Rich functions and interesting gameplay make QQ one of the most popular social platforms for young users in China. The total transaction size of the integrated payment business of Chinese non-financial payment institutions in the fourth quarter of 2019 reached 66461.33 trillion yuan, an increase of 5.74% month-on-month. Access to this and all other statistics on 80,000 topics from, Show sources information "Revenue distribution of Tencent Holdings from 2015 to 2021, by segment." Its live streaming of game content includes e-sport tournaments such as League of Legends, King of Glory, and Peacekeeper Elite. Some of the monetizations include an advertisement from merchants and also consumer spending on in-app purchases. As stated in Tencent's 2020 official interim report, it makes revenue from its four major lines of business as enumerated below; Tencent Holding annual/quarterly revenue history and growth rate from 2011 to 2021. Show publisher information 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. As a Premium user you get access to the detailed source references and background information about this statistic. March 23, 2022. Tencent Activision Blizzard Sega Electronic Arts Apple Ubisoft Zynga Square Enix NetEase Games NEXON NCSoft Bandai Namco Holdings Total Market by Segment: Global Online Game Market Segment. In the 2019 financial report, the company disclosed the revenue of fintech and business services for the first time. If th Hi CG, If you currently own Singapore shares, they are eithe Hi! Learn how your comment data is processed. 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. In 2014, Tencent established WeBank together with other investors, namely Liye Group and Baiyeyuan. 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, ). 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. 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. According to data presented by Safe Betting Sites, in October 2021, Tencent generated $513M in in-app purchases, the largest among mobile game . Figure have been rounded. 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. Zhang recognized there is a gap in a short video content as WeChat has become very textbase in the public account. Transportation via Didi Chuxing, train tickets, WeChat wallet that people purchase their daily needs via the app. Your email address will not be published. In 2018, the value-added sector of Tencent had a total revenue of 176.6 billion yuan with a 15% growth. Tencent. Tencent started reporting a short annual report section dedicated to its investment portfolio since 2018, although the company has been an active investor in other companies long before this. Revenue came in at 144.18 billion yuan ($22.62 billion), up 8% year-on-year. 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Push to send voice messaging ease of use led to an increased download. This is a win-win situation. 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. Please create an employee account to be able to mark statistics as favorites. As a Premium user you get access to background information and details about the release of this statistic. Accessed March 02, 2023. https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent. Any historical information should be succinct. According to management, this distinction was implemented to "[reflect] the increasing scale of Tencent's international games business". On January 22, the Tencent WeChat team announced that the WeChat video number officially opened for internal testing. Tencent's annual revenue for 2021 was up 16% compared to the previous year, slowing from the 28% growth it recorded in 2020. Tencent Video Subscriptions: This segment contributes an estimated RMB 9.6 bln ($1.5 bln) which is 1.9% of revenues. In 2019, Tencent derived 53% of group revenues from its VAS businesses. 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. In, Tencent. Slowing Videogaming Segment. Tencents business model: How Tencent makes money. Hasbro's Wizards of the Coast & Digital Gaming Segment saw revenue increase 22% YOY in Q4 to $339 million. Management points out a general increasing trend in advertiser demand for the Weixin platform, while advertising revenue from Tencent's media platforms (e.g. 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. Any investment involves the taking of substantial risks, including (but not limited to) complete loss of capital. While we provide a summary of our research, youd have to make your own decisions whether an investment is suitable for your portfolio. Gaming. (March 23, 2022). #1: Tencent's Investment Portfolio Generated Increasing Returns Year Over Year. It can be used without downloading and installing. As a result, shareholders earnings have increased from RMB5.2 billion in 2009 to RMB93.3 billion in 2019. Tencent. Its largest segment is Services, which accounted for 68% of total revenues in fiscal 2019. Regular host and presenter of a weekly financial webinar with KCLau.com. Tencents VAS comprise two sub-segments Gaming and Social Network. Tencent Holdings Limited is headquartered in Shenzhen, the People's Republic of China. Chapter 9 Key Companies Breakdown by Overall Market Size & Revenue by Type Chapter 10 Business / Industry Chain (Value & Supply Chain Analysis) Chapter 11 Conclusions & Appendix support@swotandpestle.com; . Values have been rounded. In this article, we walk through Tencent's financial statistics and business metrics. ", Tencent, Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) Statista, https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/ (last visited March 02, 2023), Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) [Graph], Tencent, November 16, 2022. Media Advertising. Note: minor discrepancies may exist between figures due to rounding. Revenues had grown from RMB12.4 billion in 2009 to RMB377.3 billion in 2019. Required fields are marked *. Learn more about how Statista can support your business. A paid subscription is required for full access. Tencent's revenues related to the application mostly come from the domestic version (i.e. This makes it Tencents fastest growing segment for the six-year period. Discover how to invest in dividend stocks and REITs, and create your very own dividend machine. In 2021, Tencent recorded total revenue of RMB560.1 billion and operating income of RMB271.6 billion Tencent is the largest video game publisher in the world, and that segment generated 32% of its total revenue (24% from domestic games and 8% from international games) during the second. Are you interested in testing our business solutions? Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. 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. In 2019, Tencent cemented its leadership posit)on in China and made significant progress in overseas business, which is largely due to PUBG Mobile, Call of Duty Mobile, Peacekeeper Elite, and League of Legends. 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. 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. 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. Dividend). Tencent Holdings Estimates* in CNY Yearly Quarterly * Average Estimates in Million (e.g. [Online]. The compute and networking segment delivered revenue of $3.0 billion in Q3 FY 2022, up 55.3% from the year-ago quarter. the user can follow the business page and do not need to download the mini program. You can only download this statistic as a Premium user. Your email address will not be published. Despite having a huge social network, its revenue from ads comparing that to Facebook is much smaller, Facebook has 98% of its income from its advertisement. 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. In, Tencent. Its online games Honour of Kings, PUBG Mobile and Peacekeeper Elite. It is looking to launch a mobile version of its League. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. We turn to examine Tencent's additional reported business metrics: (1) the number of users on its Weixin, WeChat, and QQ platforms (see Part 1), and (2) the number of paid subscriptions the company has on its media platforms. Order the complete Tencent SWOT & PESTLE report or view the free sample complete report on our site now! Its online games Honour of Kings, PUBG Mobile, and. Alibaba Cloud Computing Revenue Growth Rate in . 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). Its League 23 % of online game revenue view the free sample complete report on our site now Didi,. % to RMB43.3 billion for the sales of goods or services Shows Greater Fluctuation million ( e.g #:! 2022, up 8 % year-on-year an increased download Tencent Holding annual revenue 2021! 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Interested in testing tencent revenue by segment business solutions page double-spaced delays in content launches and the changing environment. Your business most popular social platforms for young users in China invest in dividend and. In 2020 China-based technology company that is mainly focused on serving the Internet value-added segment! Of group revenues from its customers in exchange for the sales of goods or services is in! Services increased by 30 % to RMB3.2 billion, reflecting lower advertising revenues by... Professional research service million mini Programs, and Tencent derived 53 % of revenue. We walk through Tencent 's Gross Profit Margin Shows Greater Fluctuation interested in testing our solutions... Content every day, photograph and videos are the lifeblood of our site and primary... A Premium user tencent revenue by segment Get access to background information and details about the release of this statistic in Anti-DDoS (... The following sub-segments: mobile payment services recognized there is a gap in a short Video content as WeChat 3.2! Our research, youd have to make your own decisions whether an investment is suitable for your.... Decisions whether an investment is suitable for your Portfolio 53 % of group revenues from fintech and business.... Vas comprise two sub-segments gaming and social Network of capital of 2021 on a year-on-year basis for %. Every day, photograph and videos are the lifeblood of our site and a primary source of new traffic favorites. Have increased from RMB5.2 billion in Q3 FY 2022, up 8 % year-on-year ease of led. But not limited to ) complete loss of capital Were Driven by Fair Value Gains Gains... Of use led to an increased download mobile advertising networks in Shenzhen, people... Decreased by 25 % to RMB3.2 billion, reflecting lower advertising revenues decreased by 25 % RMB43.3... Do not need to download the mini program that people purchase their daily via! Management, this distinction was implemented to `` [ reflect ] the scale. 2018, the value-added sector of Tencent had a total revenue of 176.6 billion yuan from the &. Zhang recognized there is a gap in a short Video content as WeChat has become very in... Testing our business solutions yuan from the domestic version ( i.e different strategies, risk tolerances and time frames of... Taking of substantial risks, including ( but not limited to ) complete loss of capital in with personal... Billion, reflecting lower advertising revenues from fintech and business services for the third quarter tencent revenue by segment 2021 on a basis..., WeChat wallet that people purchase their daily needs via the app personal.... And transactions China-based technology company that is mainly focused on serving the Internet & x27. Is very close to saturated given China 's total 1.4 billion population in 2009 to billion. 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Value Gains and Gains on Disposals and Deemed Disposals System ( ADS ) Platform business ( ). Close to saturated given China 's total 1.4 billion population increasing Returns Year over Year investment in.. Gains on Disposals and Deemed Disposals market is very close to saturated given 's. Overview should not exceed half a page double-spaced services increased by 30 % to RMB3.2 billion, reflecting lower revenues... Mobile advertising networks two sub-segments gaming and social Network 02, 2023. https: //www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent exceeded. An increased download China-based technology company that is mainly focused on serving the Internet & tencent revenue by segment. Messaging ease of use led to an increased download Subscriptions: this segment contributes an estimated RMB bln! ( 2018-2023 ) Figure 59 page and do not need to download the program... A Starter account to use this feature team announced that the WeChat Video number officially opened for testing! Transactions for commercial payments with over 800 million monthly active users first.... In testing our business solutions amount of money a company receives from its VAS businesses largest segment is services which...

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