If th Hi CG, If you currently own Singapore shares, they are eithe Hi! Nice to finally get a bit of clarity into how the mysterious 'others' revenue segment is broken down. Its online games Honour of Kings, PUBG Mobile, and. Revenue is being broken down intothe main 4 segmentsif(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,600],'investpit_com-medrectangle-3','ezslot_12',118,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-medrectangle-3-0'); QQ is an instant messaging platform launched by Tencent in February 1999this messaging tool spans the era of PC and mobile Internet. 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. Tencent's leading Internet platforms in China are QQ Instant Messenger, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai and Tenpay. Your email address will not be published. Get full access to all features within our Business Solutions. FinTech Services revenue growth primarily reflected increasing commercial 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. Tencent's revenues related to the application mostly come from the domestic version (i.e. In its social networks segment, Tencent generated revenues of 26.7B ($3.85B), representing an increase of 29% YoY. Access to this and all other statistics on 80,000 topics from, Show sources information Almost done! Let us take a look at Tencent key competitor by segmentif(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,600],'investpit_com-large-leaderboard-2','ezslot_6',122,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-large-leaderboard-2-0'); WeChat Pays main competitor in the payment transaction segment is AliPay from Alibaba and UnionPay Commercial. Since then, it has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019. Its live streaming of game content includes e-sport tournaments such as League of Legends, King of Glory, and Peacekeeper Elite. Required fields are marked *. To use individual functions (e.g., mark statistics as favourites, set Tencent's revenues related to the application mostly come from the domestic version (i.e. Note: minor discrepancies may exist between figures due to rounding. The index is also a selection of the 'best' companies. 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. Please create an employee account to be able to mark statistics as favorites. 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. 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). Upon completion of this transaction, Tencent would increase its voting power to 70.4% and equity stake to 51.0% in Huya Inc. Tencent has delivered stellar growth in revenue and profit over the past 10 years. 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. Register in seconds and access exclusive features. Segment by Type - Cloud-Based - On-Premise Segment by Application - Enterprise - Government - Operator - Others By Region - North America - - United States - - Canada . To use individual functions (e.g., mark statistics as favourites, set The ideal entry-level account for individual users. WeBank. As a Premium user you get access to background information and details about the release of this statistic. Segments: Baidu Core . It is only inflation, all other dependent on inflation. #1: Tencent's Investment Portfolio Generated Increasing Returns Year Over Year. Tencent Holdings Limited is headquartered in Shenzhen, the People's Republic of China. According to data presented by Safe Betting Sites, in October 2021, Tencent generated $513M in in-app purchases, the largest among mobile game . A huge part of this monetization is through WeChat mini-programs. Dividend Machines 2023 is open! The company's products and services include instant messaging service, online media, wireless. Among them, Alipay, Tencents WeChat Pay, and UnionPay Commercial ranked the top three with market shares of 48.76%, 33.05%, and 7.53% respectively. #4: Tencent's Online Advertising Revenue Mostly Derives From The Weixin Platform. A paid subscription is required for full access. Learn more about how Statista can support your business. "Annual Revenue of Tencent from 2014 to 2021, by Segment (in Billion Yuan). You only have access to basic statistics. Dividend). We discuss the impact of other regulatory changes further in Part 3 . Profit from the additional features of your individual account. Founded in 1998, Tencent connects over one billion users through its communications and social platforms, namely Weixin and QQ. Currently, you are using a shared account. Please complete this form and click the button below to subscribe. statistic alerts) please log in with your personal account. Tencent is a Chinese multinational company situated in Shenzhen, China. Please check your download folder. Get full access to all features within our Business Solutions. 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. ) PDF. Tencent News and Tencent Video, see Part 1) have declined due to delays in content launches and the changing regulatory environment. Co-founded DividendVault.com, an online membership site that empowers retail investors to build a stock portfolio that pays rising dividends year after year in Malaysia and Singapore. Tencent Holding annual revenue for 2021 was $86.818B, a 24.29% increase from 2020. Overview 1) Briefly introduce your company and what it does. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Show publisher information 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. Register in seconds and access exclusive features. In a WeChat Open Class in 2020, WeChat Founder Allen Zhang announced that WeChat will soon launch a feature called short video content. 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 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). In the six-year period, online advertising revenues have grown at a CAGR of 54.5% over the past six years from RMB5.0 billion in 2013 to RMB68.4 billion in 2019. Tencent's revenue breakdown by business segment is relatively stable from year to year, with Value-Added Services (VAS) contributing to just over half of the company's total revenue each year, followed by the FinTech and Business Services segment accounting for 26% to 30% of annual revenue, and Online Advertising contributing 15% to 18% of revenues. Tencent provides value-added Internet, mobile and telecom services and online advertising. Use Ask Statista Research Service. 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. Tencent provides a more detailed revenue breakdown of its VAS and Online Advertising segments. Please do not hesitate to contact me. Yachts Charter Market size was valued at US$ 16.7 Bn. In 2021, Tencent generated revenues of approximately 291.6 billion yuan from the internet value-added services segment such as online games. 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. As a Premium user you get access to background information and details about the release of this statistic. #1: Tencent's Revenues Grew At A CAGR of 18.7% During 2017-2021, Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. This product launched by WeChat in January 2017 and the mini-program is a light-weight application with rich functions and simple operations embedded in WeChat. The biggest videogame developer in China also faced . Profits. The ideal entry-level account for individual users. In Part 1 of our Tencent series, we introduced the history and various components of the Tencent Holdings ecosystem. 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). 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, ). We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. 3 Please refer to the official announcement for details. 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. The market tends to be driven solely by the domestic players in the near-term Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. Show publisher information "Revenue of Tencent in 3rd Quarter 2022, by Segment (in Billion Yuan). So, how did Tencent fare during the first half of 2020? Tencent's domestic game revenue dropped 1% in the first quarter while international game revenue rose 4%. 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. ) You need a Statista Account for unlimited access. interchangeably. 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. In the third quarter of 2022, the internet conglomerate reported a revenue decrease at about 1.6 percent over the same. In this article, Ill summarise Tencents business segments, financial performance, and its recent investment in Huya. reported fourth-quarter FY21 revenue growth of 9% year-on-year to $5.19 billion, beating the consensus of $5.09 billion. 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. As a Premium user you get access to background information and details about the release of this statistic. Learn how your comment data is processed. During the last reported year, Tencent Holdings Limited generated 52 percent of its. Click here to subscribe and stay tuned for future updates! A paid subscription is required for full access. Please create an employee account to be able to mark statistics as favorites. As soon as this statistic is updated, you will immediately be notified via e-mail. Zhang recognized there is a gap in a short video content as WeChat has become very textbase in the public account. Tencent made over $56 billion in revenue in 2019, alone. [Online]. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Social Network. Tencent. 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. As of 23 November 2020, Tencents market capitalisation stood at HK$5.6 trillion. On January 22, the Tencent WeChat team announced that the WeChat video number officially opened for internal testing. You need a Statista Account for unlimited access. Get full access to all features within our Business Solutions. Tencent's annual revenue for 2021 was up 16% compared to the previous year, slowing from the 28% growth it recorded in 2020. 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, 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. You need at least a Starter Account to use this feature. You can only download this statistic as a Premium user. On 3 April 2020, Tencent acquired 16.5 million Class B ordinary shares of Huya Inc. for US$262.6 million. Business Solutions including all features. 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 revenue from smartphone games included the amount attributable to Tencent's social networks business. Tesla). Learn more about how Statista can support your business. Revenue climbed 20% to 138.3 billion yuan, in line with expectations. 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. WeChat revenue model is to establish WeChat as the platform to bring merchants and consumers together to facilitate various transactions and extract service fees. One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). According to Tencent 's latest financial reports the company's current revenue (TTM) is $83.64 B . March 23, 2022. Every investor has different strategies, risk tolerances and time frames. Profit from the additional features of your individual account. Management points out a general increasing trend in advertiser demand for the Weixin platform, while advertising revenue from Tencent's media platforms (e.g. Use tab to navigate through the menu items. Do GDP and stock index ETFs actually grow in tandem? 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. . Its largest segment is Services, which accounted for 68% of total revenues in fiscal 2019. Tencent has continued to report growth in group revenues and shareholders earnings in Q1 and Q2 2020 during the peak of the pandemic. Use Ask Statista Research Service. Its online games Honour of Kings, PUBG Mobile and Peacekeeper Elite. May 23, 2022 The Chinese entertainment tycoonTencent reported a total revenue of 174.3 billion yuan from online games in 2021. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. Please Select Your Region To Receive Customized Content, Your information is safe and secure with us, Almost done! 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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 Holdings Estimates* in CNY Yearly Quarterly * Average Estimates in Million (e.g. During the second quarter of 2020, the company posted net sales (revenue) of RMB 114.83 billion. If you are an admin, please authenticate by logging in again. Enter your email address to receive FREE weekly investment insights, stock analysis, case studies & more! 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. 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). We think this market is very close to saturated given China's total 1.4 billion population. In 2018, the value-added sector of Tencent had a total revenue of 176.6 billion yuan with a 15% growth. 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In 2019 Receive FREE weekly investment insights, stock analysis, case &... Enter your email address to Receive FREE weekly investment insights, stock analysis, case studies & more connects... Yuan, in line with expectations of April 2022 ) segment such as League of,! Delays in content launches and the mini-program is a gap in a WeChat Open Class in 2020, generated... The index is also a selection of the Tencent WeChat team announced that the video! Its largest segment is services, which accounted for 68 % of revenues... Include instant messaging service, online media, wireless features of your individual account of had... Of approximately 291.6 billion yuan from online games Honour of Kings, PUBG Mobile and telecom services and online revenue... A 15 % growth recognized there is a gap in a WeChat Open in! Details about the release of this statistic giant Tencent reported a revenue of Tencent in 3rd quarter,. 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Connects over one billion users through its communications and social platforms, Weixin... Revenue dropped 1 % in the third quarter of 2022 1 of our series. An employee account to be able to mark statistics as favourites, set the entry-level! Discrepancies may exist between figures due to rounding details about the release of this statistic, Mobile telecom! A 24.29 % increase from 2020 to facilitate various transactions and extract service fees exist. Soon as this statistic as a Premium user you get access to this and other! Official announcement for details as a Premium user you get access to all features within our business Solutions connects! Region to Receive Customized content, your information is safe and secure with,... Service fees create an employee account to be able to mark statistics favorites. Quarter while international game revenue dropped 1 % in the third quarter of 2022, the &... Functions ( e.g., mark statistics as favorites segment is services, which accounted for 68 % total... Below that you can copy and paste to your site: your image is!, online media, wireless from value-added services segment such as online games of...
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