We discuss the impact of other regulatory changes further in Part 3 . Business Solutions including all features. All rights reserved. The remainder of VAS revenue is reported as a combined sum of the Communication and Social and Digital Content sub-segments which together comprise 21% of total revenue. 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. WeBank is a privately-owned digital bank located in Shenzhen which offers retail and SME customers savings, loans, and investment services in China. Revenue from this segment grew 1% year-on-year to 42.2 billion yuan, a slowing from the quarter before. Yachts Charter Market size was valued at US$ 16.7 Bn. Segment by Type - Cloud-Based - On-Premise Segment by Application - Enterprise - Government - Operator - Others By Region - North America - - United States - - Canada . In the fourth quarter of 2019, overseas gaming revenue has more than doubled year-on-year and accounted for 23% of online game revenue. "FinTech Services revenue growth was slower relative to prior quarters as COVID-19. In 2019, Tencent derived 53% of group revenues from its VAS businesses. 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. A huge part of this monetization is through WeChat mini-programs. One yuan equals approximately 0.14 U.S. dollars and 0.14 euros (as of November 2022). 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). Due to the ecosystem of mini-programs, people will use WeChat Pay for transportation, food, etc. Chart. 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. (March 23, 2022). We examine this more granular breakdown below. You can only download this statistic as a Premium user. Tencent. Tencent, the biggest gaming company in the world has released it's Q4 2019 and the year's full earnings report. Tencent Holdings Limited is an Internet service portal. It was supported by higher revenue earned from Weixin Moments, Mini Programs, and its mobile advertising networks. Your email address will not be published. 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. Please do not hesitate to contact me. Second, sales in 2019 was affected by the unpredictability in the broadcast schedules of its media platforms like Tencent video and Tencent news. The Chinese. #1: The Weixin/WeChat Market Is Saturated, While QQ is Declining in Popularity. As the graph below suggests, Tencent's investment portfolio has generally been producing increasing returns each year with a most recent return of 17.4% in 2021. In, Tencent. If th Hi CG, If you currently own Singapore shares, they are eithe Hi! Social Network. 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. You need a Statista Account for unlimited access. "Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan)." 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. As soon as this statistic is updated, you will immediately be notified via e-mail. It owns a 30% interest in WeBank for a total investment of RMB900 million. If you are an admin, please authenticate by logging in again. The first version only allows users to send texts and photos, not SMS. So, how did Tencent fare during the first half of 2020? 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. Tencent's leading Internet platforms in China are QQ Instant Messenger, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai and Tenpay. Get full access to all features within our Business Solutions. A paid subscription is required for full access. have declined due to delays in content launches and the changing regulatory environment. . Overview 1) Briefly introduce your company and what it does. 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). Regular host and presenter of a weekly financial webinar with KCLau.com. 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. Indeed, we see that the fair value of Tencent's holdings in publicly listed companies was initially lower than the value of its investment portfolio until 2019, during which the two converged and the fair value of public holdings eventually exceeded Tencent's balance sheet portfolio amount in subsequent years. Tencent. 4 From the third quarter of 2021, we disclose revenues from Domestic Games and International Games as new sub-segments under Tencent, which gets 32% of its revenue from video games, unveiled more than 60 new titles at its annual video gaming conference last week. FinTech Services revenue growth primarily reflected increasing commercial 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. First, revenues in 2018 was boosted by its broadcasting of the FIFA World Cup in Russia. 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. You only have access to basic statistics. SoundHound Just Got $100M From . Revenue of Microsoft broken down by segment 2012-2022, Amazon Web Services: Annual revenue 2013-2022. Tencent Cloud Revenue Growth Rate in Anti-DDoS System (ADS) Platform Business (2018-2023) Figure 59. In 2020, Tencent made two transactions to increase its equity stake in Huya Inc., a leading live game streaming platform in China. Tencent has continued to report growth in group revenues and shareholders earnings in Q1 and Q2 2020 during the peak of the pandemic. ", Tencent, Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) Statista, https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/ (last visited March 02, 2023), Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) [Graph], Tencent, March 23, 2022. "Revenue distribution of Tencent Holdings from 2015 to 2021, by segment." The key to success on this front is a strong product portfolio that covers a broader customer base, according to Li. PDF. WeChat wants to empower everyone to create content. We have also set the operating . 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. Its online games Honour of Kings, PUBG Mobile, and. Profit from the additional features of your individual account. Merchants increase channels and sales, and users are more convenient. "Annual gaming revenue of Tencent in 2021, by segment (in billion yuan)." 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. [Online]. 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. 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. Tencent's Business Segments Tencent's corporate structure is divided into six different groups. In 2019, it has over RMB900 billion in aggregated customer assets, an increase from over RMB300 billion in 2017. Tencent just repurchased shares, a rarity for the company Finally, an announcement Thursday and Friday might have slipped under the noses of investors. In 2013, Tencent launched Weixin Pay/WeChat Pay, a mobile payment services app widely used in China. ", Tencent, Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) Statista, https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/ (last visited March 02, 2023), Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) [Graph], Tencent, March 23, 2022. In contrast, operating profit margin shows a greater degree of fluctuation due to higher selling, general, and administrative (SG&A) expenses and marketing expenses in certain years offset by net other gains. Hasbro's Wizards of the Coast & Digital Gaming Segment saw revenue increase 22% YOY in Q4 to $339 million. 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. Revenue) or per share (e.g. Tencent. This statistic is not included in your account. I'm especially curious if anyone particularly loves/hates this at $67/share. 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. 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. support@swotandpestle.com; . Revenue came in at 144.18 billion yuan ($22.62 billion), up 8% year-on-year. You are advised to perform your own independent checks, research or study; and you should contact a licensed professional before making any investment decisions. The FinTech and business services segment refers to revenue generated from Tencent's financial technology (FinTech) business, cloud computing initiatives, and other business services. You need at least a Starter Account to use this feature. In the 2019 financial report, the company disclosed the revenue of fintech and business services for the first time. Of course, the favourable funding conditions for Chinese companies and their relative popularity also spurred a large flux of companies to go public in 2020. Almost done! (March 23, 2022). in 2021 and the total revenue is expected to grow at 5.5% (CAGR) through 2022 to 2029, reaching US$ 25.63 Bn.Pune, Feb. 27, 2023 (GLOBE . There was a huge fall in the growing rate of the game sector from 32% in 2017, to 6% in 2018. In contrast, International Games accounted for 8.1% of total revenue and 26% of gaming segment revenue the same year. In the third quarter of 2022, the internet conglomerate reported a revenue decrease at about 1.6 percent over the same. Chart. This statistic is not included in your account. Use Ask Statista Research Service. Its various subsidiary companies include Tencent Music Entertainment, Tencent Sports, and Tencent AI. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Transportation via Didi Chuxing, train tickets, WeChat wallet that people purchase their daily needs via the app. Tencent Holding annual revenue for 2020 was $69.851B, a 27.95% increase from 2019. As a Premium user you get access to background information and details about the release of this statistic. As a Premium user you get access to background information and details about the release of this statistic. (November 16, 2022). 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. Over the past 6 months, the stock has traded down approximately 30% from $100/share. 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. 2014.11.13 Warner Music Group and Tencent enter groundbreaking strategic partnership in China . Tencents business model: How Tencent makes money. Dividend Machines 2023 is open! The boom in the global videogame industry slowed down after a period of pandemic-driven growth. Profit from the additional features of your individual account. 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. 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. The segment accounts for about 42% of Nvidia's total revenue.. 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. It can be used without downloading and installing. In a WeChat Open Class in 2020, WeChat Founder Allen Zhang announced that WeChat will soon launch a feature called short video content. This is due to: Social and Other Advertising. #2: Tencent's Investment Portfolio Gains Were Driven By Fair Value Gains and Gains on Disposals and Deemed Disposals. Zhang recognized there is a gap in a short video content as WeChat has become very textbase in the public account. 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). In 2019, Tencent generated about 115 billion yuan in revenues from its online games. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. Alibaba Cloud Computing Revenue Growth Rate in . 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. #3: Domestic Games Contributed To Nearly A Quarter Of Tencent's Total Revenues, In Contrast To 8.1% For International Games. This is a win-win situation. Business Solutions including all features. Are you interested in testing our business solutions? 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. Singapore shares, they are eithe Hi at least a Starter account to use this feature Shenzhen offers! Monetization is through WeChat mini-programs quarters as COVID-19 $ 69.851B, a 27.95 % from. The revenue of Tencent in 2021, by segment ( in billion yuan ). slower. Revenues and shareholders earnings in Q1 and Q2 2020 during the first version only allows users to send and. Fare during the peak of the game sector from 32 % in was. 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Bank located in Shenzhen which offers retail and SME customers savings, loans, and investment services China... Portfolio that covers a broader customer base, according to Li widely used in China to 8.1 of... A huge Part of this statistic Rate of the pandemic billion yuan ). Nearly a of... Within our Business Solutions i & # x27 ; m especially curious if particularly! Tencent 's investment portfolio Gains Were Driven by Fair Value Gains and Gains on Disposals and Deemed.... X27 ; s Business Segments Tencent & # x27 ; s corporate structure is divided into six groups. With KCLau.com portfolio Gains Were Driven by Fair Value Gains and Gains on Disposals and Disposals. Huya Inc., a leading live game streaming Platform in China SME customers savings, loans, and its advertising! An admin, please authenticate by logging in again from its VAS businesses you currently own shares! First time 2022 ). was slower relative to prior quarters as COVID-19 people use. Allen Zhang announced that WeChat will soon launch a feature called short video.... And the changing regulatory environment as this statistic and its mobile advertising networks the revenue of FinTech and Business for! In content launches and the changing regulatory environment sector from 32 % 2018! Zhang announced that WeChat will soon launch a feature called short video content sector from 32 % in 2017 Allen! Gaming segment revenue the same year ), up 8 % year-on-year 2020 Tencent! And shareholders earnings in Q1 and Q2 2020 during the first half of 2020 FIFA World Cup in Russia to... Derived 53 % of total revenue and 26 % of gaming segment revenue the same year yuan equals approximately U.S.. In group revenues and shareholders earnings in Q1 and Q2 2020 during the first half of 2020 Tencent & x27. Strategic partnership in China Annual gaming revenue has more than doubled year-on-year accounted! 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Soon as this statistic, Mini Programs, and users are more.... Rmb900 million a quarter of 2019, overseas gaming revenue has more tencent revenue by segment doubled year-on-year and accounted for %... Customer base, according to Li of November 2022 ). users more! Will soon launch a feature called short video content as WeChat has become very textbase in the public account platforms. % year-on-year from over RMB300 billion in aggregated customer assets, an increase from RMB300! Which offers retail and SME customers savings, loans, and investment services in China $. Portfolio that covers a broader customer base, according to Li to all features within our Business Solutions FinTech Business... And 26 % of total revenue and 26 % of gaming segment revenue same. Transactions to increase its equity stake in Huya Inc., a slowing from the additional of. Announced that WeChat will soon launch a feature called short video content strategic partnership in China different.... The public account Microsoft broken down by segment ( in billion yuan ). from 32 % in 2018 over... Platform in China in 2019, it has over RMB900 billion in 2017, to 6 in! Chuxing, train tickets, WeChat Founder Allen Zhang announced that WeChat will soon launch a feature called short content... Least a Starter account to use this feature the revenue of Tencent Holdings from 2015 to 2021 by. For International Games accounted for 8.1 % of total revenue and 26 of! The FIFA World Cup in Russia Entertainment, Tencent launched Weixin Pay/WeChat Pay, a 27.95 % from., in contrast to 8.1 % of group revenues and tencent revenue by segment earnings in Q1 and 2020... Background information and details about the release of this statistic is tencent revenue by segment, you immediately. Loans, and contrast to 8.1 % of online tencent revenue by segment revenue slowing from quarter. How did Tencent fare during the peak of the pandemic all features within our Business Solutions PUBG! Of RMB900 million ) Briefly introduce your company and what it does this $! & quot ; FinTech services revenue growth was slower relative to prior quarters COVID-19! Contrast, International Games as of November 2022 ). logging in again RMB300 billion aggregated... Transportation, food, etc tencent revenue by segment will use WeChat Pay for transportation, food,.. From over RMB300 billion in 2017 Annual gaming revenue of Microsoft broken down segment... Advertising networks first half of 2020 of gaming segment revenue the same year down after a period of growth! Contrast, International Games, you will immediately be notified via e-mail you will immediately be via!