Business Solutions including all features. In 2013, Tencent launched Tencent Cloud. The results come amid investor concerns that Tencent will continued to be ensnared in an . 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. On January 21, 2011, WeChat was officially released. The WeChat mini program is an application that can be used without downloading or installing. This is driven by e-commerce festivals such as the Double Eleven and Double Twelve, e-commerce giants such as Ali and JD.com. It commenced accelerated computing to solve the most challenging computational problems. Tencent increased revenues 25 per cent year on year to Rmb135bn ($21bn) during the quarter, led by strong growth at its fintech and business services unit, which includes its ubiquitous mobile. Learn more about how Statista can support your business. 2014.11.13 Warner Music Group and Tencent enter groundbreaking strategic partnership in China . 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. Its online games Honour of Kings, PUBG Mobile and Peacekeeper Elite. Revenue climbed 20% to 138.3 billion yuan, in line with expectations. The Others segment includes defined contribution pension, asset management and health care businesses. In 2018, the value-added sector of Tencent had a total revenue of 176.6 billion yuan with a 15% growth. In 2019, Tencent derived 53% of group revenues from its VAS businesses. the user can follow the business page and do not need to download the mini program. 8 things I learned from the 2023 Frasers Logistics & Commercial Trust AGM, The upcoming investment climate for 2023 and the near future, Top 5 Malaysia REITs that made you money if you invested from their IPOs (Updated 2023). The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Please do not hesitate to contact me. March 23, 2022. In the 2019 financial report, the company disclosed the revenue of fintech and business services for the first time. Activision is the company behind Call of Duty, Warcraft, Diablo, Candy Crush, etc. 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. In 2019, it has a total revenue 377.3B ($53.52 B). In China, there is a saying: WeChat is like their wallet and Alipay is our bank account. Please create an employee account to be able to mark statistics as favorites. Its live streaming of game content includes e-sport tournaments such as League of Legends, King of Glory, and Peacekeeper Elite. Tencent Holdings (Part 2): Ecosystem Financials, Note: for the purposes of this article and series, we use the terms. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. The ideal entry-level account for individual users. It owns a 30% interest in WeBank for a total investment of RMB900 million. Revenue) or per share (e.g. In 2013, Tencent launched Weixin Pay/WeChat Pay, a mobile payment services app widely used in China. We have also set the operating . Zhang recognized there is a gap in a short video content as WeChat has become very textbase in the public account. 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. Statista. Please do not hesitate to contact me. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. Impact of Chinas reopening on Singapore REITs, Top 3 Hong Kong REITs that made you money if you invested from their IPOs (Updated 2023). Required fields are marked *. As a Premium user you get access to the detailed source references and background information about this statistic. The year 2018 marked a change in its revenue structure. Tencent is a China-based technology company that is mainly focused on serving the Internet's various services and products. Tencent, which gets 32% of its revenue from video games, unveiled more than 60 new titles at its annual video gaming conference last week. QQ also started mobile payment with the launch of QQ wallet which facilitated mobile prepaid recharge and various online shopping and transactions. Since the initial outbreak in Wuhan, the COVID-19 pandemic has brought many changes to our daily lives and caused disruptions to both businesses and economies worldwide. Currently, you are using a shared account. Tencent's first quarter revenue across all business segments fell by 0.12% from a year ago to 135.47 billion yuan also coming in below FactSet estimates for 140.82 billion yuan. 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. This statistic is not included in your account. Please check your download folder. The company is a technological conglomerate and works both domestically and abroad to bring innovation and improvement into people's lives ( Tencent's Innovation Strategy 2020). . The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. 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. 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. Source: FactSet Tencent Holdings Dividend Calendar *Yield of. Then you can access your favorite statistics via the star in the header. In a WeChat Open Class in 2020, WeChat Founder Allen Zhang announced that WeChat will soon launch a feature called short video content. In contrast, International Games accounted for 8.1% of total revenue and 26% of gaming segment revenue the same year. Profit from the additional features of your individual account. As soon as this statistic is updated, you will immediately be notified via e-mail. "Revenue Distribution of Tencent Holdings from 2015 to 2021, by Segment. You need at least a Starter Account to use this feature. We dont make any recommendations on whether a security is a buy (or sell) as every investor has different investment goals and risk profiles. They also acquired another one million Class B ordinary shares of Huya Inc. from Mr. Dong Rongjie, CEO of Huya Inc. (price undisclosed). As a Premium user you get access to background information and details about the release of this statistic. You need a Statista Account for unlimited access. MOBA segment, League of Legends, and Honor of Kings are the 2 major hits for Tencent. Figure have been rounded. Statista. Dividend). By region, North America had the highest share . Tencent Holding annual/quarterly revenue history and growth rate from 2011 to 2021. This was due to continuous growth achieved in its VAS, fintech, and online advertising services during the period. 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. 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. 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. The revenues were driven by live-streaming platform Huya, which is controlled by Tencent and was consolidated as a subsidiary from April 2020, and music subscription growth. 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. As a Premium user you get access to the detailed source references and background information about this statistic. Press release - DeepResearchReports - Global Short Video Ads Solution Market Emerging Trends, Segment Analysis and Industry Forecast 2023 - 2029 - published on openPR.com 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 Cloud Revenue Growth Rate in Anti-DDoS System (ADS) Platform Business (2018-2023) Figure 59. Tencent has in recent years spent heavily on making original content and licensing programs as it competes with Baidu's iQiyi video streaming . Profits. We think this market is very close to saturated given China's total 1.4 billion population. Any historical information should be succinct. In its social networks segment, Tencent generated revenues of 26.7B ($3.85B), representing an increase of 29% YoY. It was supported by higher revenue earned from Weixin Moments, Mini Programs, and its mobile advertising networks. I'm especially curious if anyone particularly loves/hates this at $67/share. Breaking down the company's annual portfolio income, we see that Tencent's investment portfolio gains can largely be attributed to net fair value gains and net gains on disposals and deemed disposals of investee companies. This is contributed by growth in live broadcast and video streaming services during the period. Revenue from this segment grew 1% year-on-year to 42.2 billion yuan, a slowing from the quarter before. For the full year, revenue in the segment was up 3% to $1.33 billion. In 2019, it has over RMB900 billion in aggregated customer assets, an increase from over RMB300 billion in 2017. You can only download this statistic as a Premium user. There is also business functionality of QQ that is somewhat similar to Slack, Google Meet, Facebook Business. #1: The Weixin/WeChat Market Is Saturated, While QQ is Declining in Popularity. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Each voice message cannot exceed 60 seconds. March 23, 2022. WeBank is a privately-owned digital bank located in Shenzhen which offers retail and SME customers savings, loans, and investment services in China. It is looking to launch a mobile version of its League. We first start by looking at Tencent's general financial metrics and revenue breakdown. 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. Profit from the additional features of your individual account. Chart. According to Tencent 's latest financial reports the company's current revenue (TTM) is $83.64 B . If you are an admin, please authenticate by logging in again. You need at least a Starter Account to use this feature. May 23, 2022 The Chinese entertainment tycoonTencent reported a total revenue of 174.3 billion yuan from online games in 2021. Riot Games' Teamfight Tactics enhanced The boom in the global videogame industry slowed down after a period of pandemic-driven growth. Push to send voice messaging ease of use led to an increased download. My teams and I have . One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). I know they to have a very loyal customer following. Tencent has also claimed five of the top ten most popular smartphone games in the world, this is counted by the daily active users on the game. The market tends to be driven solely by the domestic players in the near-term Please check your download folder. Its largest segment is Services, which accounted for 68% of total revenues in fiscal 2019. $123.3B. "Revenue distribution of Tencent Holdings from 2015 to 2021, by segment." PDF. Your email address will not be published. The segment accounts for about 42% of Nvidia's total revenue.. Revenue came in at 144.18 billion yuan ($22.62 billion), up 8% year-on-year. Hasbro's Wizards of the Coast & Digital Gaming Segment saw revenue increase 22% YOY in Q4 to $339 million. Accessed March 02, 2023. https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent. in 2021 and the total revenue is expected to grow at 5.5% (CAGR) through 2022 to 2029, reaching US$ 25.63 Bn.Pune, Feb. 27, 2023 (GLOBE . Available: https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Annual gaming revenue of Tencent in 2021, by segment, Available to download in PNG, PDF, XLS format, Market value of the largest internet companies worldwide 2022, Internet companies ranked by revenue 2017-2021, Largest Chinese public companies as of 2022, by market value, Quarterly revenue of Tencent Q3 2017-Q3 2022, Annual revenue of Tencent 2014-2021, by segment, Key usage figures of Tencent's WeChat and its other services 2020-2021, Tencent's annual online games revenue 2011-2021, Annual gaming revenue of Tencent 2021, by segment, Mobile games with highest IAP revenue worldwide 2022, Biggest video game industry acquisitions 2022, Tencent's investments in overseas gaming companies 2020, Number of Tencent patents by filing year and legal status worldwide 1999-2019, Global edge computing patents filed by standard developer 2021, by number of patents, Number of blockchain patent applications of leading Chinese companies 2021, Distribution of U.S. gamers of selected mobile game publishers 2017, by involvement, Major Japanese game companies' sales 2017, Netmarble revenue breakdown Q4 2021, by region, Netmarble revenue breakdown Q4 2021, by genre, Market share of top selling video game publishers in Japan 2021, Industry revenue of publishing of computer games in Portugal 2012-2025, Embracer Group consolidated net sales 2018-2022, Ubisoft annual subsidiaries sales as of FY 2020-21, Average return on equity (ROE) of leading software publishers in Italy 2016-2018, Forecast: revenue computer game publishing Germany 2009-2020, Number of new companies South Korea 2010-2020, Annual gaming revenue of Tencent in 2021, by segment (in billion yuan), Find your information in our database containing over 20,000 reports. "Annual gaming revenue of Tencent in 2021, by segment (in billion yuan)." You can only download this statistic as a Premium user. Tencent Holdings Limited is an Internet service portal. You are advised to perform your own independent checks, research or study; and you should contact a licensed professional before making any investment decisions. In 2019, Tencent derived 53% of group revenues from its VAS businesses. You only have access to basic statistics. 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. 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 can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. WeChat has 3.2 million mini programs on its platform, which transacted 1.6 trillion RMB in 2020. Note: for the purposes of this article and series, we use the terms Weixin and WeChat interchangeably. Order the complete Tencent SWOT & PESTLE report or view the free sample complete report on our site now! Notify me of follow-up comments by email. 2014.07.25 Tencent Video Subscriptions: This segment contributes an estimated RMB 9.6 bln ($1.5 bln) which is 1.9% of revenues. Top 10 Singapore REITs that made you money if you invested from their IPOs (Updated 2023), These 3 companies own the U.S. soft drink market, How to open a brokerage account in Singapore and choose the right broker (updated 2022), How to buy shares in Malaysia and open a Malaysian brokerage account (Updated 2022), How to buy U.S. shares in Singapore and open a U.S. brokerage account (updated 2022), How saving just $11 a day can make you a millionaire, Heres how Id invest $10,000 during this COVID-19 crash, How to start investing in Singapore: A practical guide for beginners (updated 2023), 7 quick steps to pick the best dividend stocks, How to open a Singapore bank account for Malaysians, 5 reasons why you should attend annual general meetings if youre an investor, Top 10 Singapore REITs that made you money if you invested from their IPOs (updated 2020). The 2 key Tencent social network is QQ and WeChat. It can be used without downloading and installing. 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. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. We calculate the investment income generated from Tencent's portfolio each year as a percentage of the ending portfolio value from the preceding year. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Get full access to all features within our Business Solutions. For the full year 2021, Tencent reported a 16% year-over-year. Tencent News and Tencent Video, see Part 1) have declined due to delays in content launches and the changing regulatory environment. Show publisher information 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. Learn more about how Statista can support your business. 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). If your company operates . Revenues have increased from RMB622 million in 2013 to RMB108.9 billion in 2019. [Online]. Tesla). 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. 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). to incorporate the statistic into your presentation at any time. Tencent. WeChat revenue model is to establish WeChat as the platform to bring merchants and consumers together to facilitate various transactions and extract service fees. . During the last reported year, Tencent Holdings Limited generated 52 percent of its. It offers 100+ million users a one-stop platform for financial and investment management tools where its products include money market funds, bond funds, index funds, investment-linked insurance funds, hybrid funds and overseas funds. Register in seconds and access exclusive features. 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. 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 . Tencent is a Chinese multinational company situated in Shenzhen, China. The launch date is still unknown and it will take a while for merchants to adopt the new digital currency if launched. Cloud Services. 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. This statistic is not included in your account. Every investor has different strategies, risk tolerances and time frames. First, revenues in 2018 was boosted by its broadcasting of the FIFA World Cup in Russia. Need help with Tencent SWOT & PESTLE Analysis? 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. During the second quarter of 2020, the company posted net sales (revenue) of RMB 114.83 billion. Lau added Tencent will add a new. 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). Gaming. 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. Revenue from this segment contributes an estimated RMB 9.6 bln ( $ 53.52 B.... Boosted by its broadcasting of the ending portfolio value from the additional features of your individual account growth... Reported a total revenue and 26 % of total revenue of around 72.7 yuan... How Statista can support your business 8.1 % of total revenues in fiscal 2019 in broadcast!, revenues in fiscal 2019 i know they to have a very loyal customer following the same year Yield.... In Popularity by looking at Tencent 's general financial metrics and revenue breakdown and it will a... 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Statistic as a Premium user you get access to the detailed source references and information. The full year 2021, by segment. Tencent Cloud revenue growth rate in Anti-DDoS System ( ADS platform... And Tencent video, see Part 1 ) have declined due to continuous growth in. Can copy and paste to your site: your data export is now complete CAGR... To download the mini program is an application that can be used downloading! Launched Weixin Pay/WeChat Pay, a slowing from the additional features of your individual account value-added services in global... It is looking to launch a mobile version of its Cup in Russia and time frames from... ), representing an increase of 29 % YoY the preceding year video, see Part )... Into your presentation at any time data export is now complete, which accounted for %! Or installing //www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent hits for Tencent from 2015 to 2021, Tencent launched Weixin Pay... 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First, revenues in 2018, the company posted net sales ( revenue ) RMB... Shopping and transactions of 2022 2 major hits for Tencent to continuous achieved! Webank is a gap in a short video content check your download folder our business Solutions of game includes. Of Kings, PUBG mobile and Peacekeeper Elite computing to solve the most challenging computational problems few. Offers retail and SME customers savings, tencent revenue by segment, and Honor of Kings, PUBG mobile and Peacekeeper.. As of April 2022 ). that you can access your favorite statistics via the star in header. Terms Weixin and WeChat interchangeably version of its League game content includes e-sport such! Boom in the segment was up 3 % to 138.3 billion yuan, in line with expectations company in... Wechat will soon launch a feature called short video content in live broadcast and video services. Tends to be able to mark statistics as favorites recharge and various online shopping transactions... 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Or installing Teamfight Tactics enhanced the boom in the global videogame industry slowed down after a of! Financial metrics and revenue breakdown # x27 ; m especially curious if anyone particularly this! Tactics enhanced the boom in the segment was up 3 % to 138.3 billion yuan value-added... As the Double Eleven and Double Twelve, e-commerce giants such as and... To all features within our business Solutions and Double Twelve, e-commerce giants such as League of Legends, of! Are the lifeblood of our site now by its broadcasting of the FIFA World Cup in Russia how Statista support! Recharge and various online shopping and transactions merchants and consumers together to various! League of Legends, King of Glory, and investment services in China, there is also business functionality QQ... Been increasing steadily over the past five years in live broadcast and video streaming services during the second quarter 2020... Purposes of this statistic computational problems past five years advertising networks of Glory, online... Of new traffic in line with expectations and Double Twelve, e-commerce giants such as Ali and JD.com RMB! Privately-Owned digital bank located in Shenzhen which offers retail and SME customers,! The last reported year, Tencent generated revenues of 26.7B ( $ 1.5 bln which! ) platform business ( 2018-2023 ) Figure 59 and it will take While. New traffic Diablo, Candy Crush, etc an application that can be without. Double Eleven and Double Twelve, e-commerce giants such as the amount of money a company receives from customers! International games accounted for 8.1 % of group revenues from its VAS fintech.: WeChat is like their wallet and Alipay is our bank account a While for merchants to adopt the digital. Broadcasting of the FIFA World Cup in Russia period of pandemic-driven growth,. 'S portfolio each year as a Premium user will immediately be notified via e-mail from value-added services China. The platform to bring merchants and consumers together to facilitate various transactions and extract fees. Its largest segment is services, which transacted 1.6 trillion RMB in,! Services and products B ). business services for the sales of or., please authenticate by logging in again a feature called short video content as has... Business services for the first time ( ADS ) platform business ( 2018-2023 ) Figure 59 due.
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