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). Media Advertising revenues decreased by 4% -on-year yearto RMB3.5 billion, primarily due to lower advertising revenues from Tencent News app. PDF. As a Premium user you get access to background information and details about the release of this statistic. The launch date is still unknown and it will take a while for merchants to adopt the new digital currency if launched. Tencent Holdings is a Chinese technology conglomerate holding company that was founded in November 1998. 2) Discuss whether the company operates as one or multiple business segments, list any business segments, and explain which business segment will be the focus of your paper (see below). WeChat revenue model is to establish WeChat as the platform to bring merchants and consumers together to facilitate various transactions and extract service fees. 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). Tencent has continued to report growth in group revenues and shareholders earnings in Q1 and Q2 2020 during the peak of the pandemic. "Annual gaming revenue of Tencent in 2021, by segment (in billion yuan)." Currently, you are using a shared account. Successful WeChat Mini Programme. Lastly, we examine Tencent's investment portfolio. The fall in sales was attributable to two main factors. Tencent. You are advised to perform your own independent checks, research or study; and you should contact a licensed professional before making any investment decisions. 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. Available: https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Revenue of Tencent in 3rd quarter 2022, by segment, Available to download in PNG, PDF, XLS format, Canada: number of social media users 2018-2027, Canada: social network penetration 2018-2027, Canada: yearly growth of social media users 2020-2022, Canada market share of leading social media websites 2022, Canada mobile social media visit share 2022, Leading iPhone social media apps in Canada 2022, by downloads, Leading Android social media apps in Canada 2022, by downloads, Canada: preferred social networks Q3 2021, Social media usage by platform type in Canada 2022, Social network usage by brand in Canada 2022, Social network usage by frequency in Canada 2022, Canada: time spent social media 2020-2022, Canada: distribution of social media audiences 2021, by age and gender, Leading social networks used for news in Canada 2019-2022, Canada: Meta audiences in 2022, by age and gender, Canada: number of Facebook users 2018-2027, Canada: Facebook usage penetration 2018-2027, Canada: Facebook pages user engagement rate 2021, by type of post, Canada: Facebook Messenger users 2022, by age group, Canada: Facebook Messenger users 2022, by gender, Canada: distribution of TikTok audiences 2022, by age group, Canada: distribution of TikTok audiences 2022, by gender, Twitter: distribution of Canadian audiences 2021, by gender, Most popular Twitter profiles from Canada 2021, by audience, Most popular brands on Twitter in Canada 2021, by audience, Snapchat: distribution of Canadian audiences 2022, by gender, Canada: Instagram users 2022, by age group, Digital advertising spending in North America 2022, by country, Digital Market Outlook: social media ad spend in Canada 2017-2026, by device, Expected Facebook influencers earnings in Canada, the UK & the U.S. 2021, Most popular brands on Facebook in Canada 2021, by audience, Canada: views on selected social media platforms 2021, Canada: opinions on governmental supervision of Meta Platforms 2021, Canada: belief in Facebook whistleblower claims 2021, by age group, Canada and the U.S. belief in Facebook whistleblower claims 2021, Canada: Facebook impact on quality of life 2021, Canada: social media regulation of hate speech 2021, Canada: impact of social media on debate and opinions exchange 2021, Social media marketing spending in the U.S. 2014-2019, Survey on the usage time of computer games among children in Germany 2016, Online content smartphone users read or view most often Japan 2019, by age group, Social network ad spend per user in the Middle East & Africa 2013-2016, Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan), Find your information in our database containing over 20,000 reports. Weixin). 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. Hope this helps! 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). So, how did Tencent fare during the first half of 2020? Tencent is a China-based technology company that is mainly focused on serving the Internet's various services and products. The Chinese giant reported continued growth in its Q4 and full-year financial results, which is expected.Total Q4 2019 generated revenue is RMB 106 billion ($15.2 billion), up 25% year-over-year. Its largest segment is Services, which accounted for 68% of total revenues in fiscal 2019. ", Tencent, Revenue distribution of Tencent Holdings from 2015 to 2021, by segment Statista, https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/ (last visited March 02, 2023), Revenue distribution of Tencent Holdings from 2015 to 2021, by segment [Graph], Tencent, March 23, 2022. Then you can access your favorite statistics via the star in the header. Founded in 1998, Tencent connects over one billion users through its communications and social platforms, namely Weixin and QQ. interchangeably. March 23, 2022. to incorporate the statistic into your presentation at any time. Tencent is a Chinese multinational company situated in Shenzhen, China. You can only download this statistic as a Premium user. According to data presented by Safe Betting Sites, in October 2021, Tencent generated $513M in in-app purchases, the largest among mobile game . Produced 450+ financial articles featured on KCLau.com in Malaysia and The Fifth Person, Value Invest Asia, and Small Cap Asia in Singapore. 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. Cite your source. Revenue of Microsoft broken down by segment 2012-2022, Amazon Web Services: Annual revenue 2013-2022. 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. To use individual functions (e.g., mark statistics as favourites, set 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. 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. 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. ), and (3) increased revenue sharing and content costs. "Annual Gaming Revenue of Tencent in 2021, by Segment (in Billion Yuan). Accessed March 02, 2023. https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Tencent. Dividend investor. Are you interested in testing our business solutions? In 2019, Tencent derived 53% of group revenues from its VAS businesses. Almost done! Each voice message cannot exceed 60 seconds. [Online]. This statistics highlights Nvidia's Revenue by Segment from Q1 2017 onwards, split between Automotive, Data Center, Gaming, Professional Visualization, and OEM & Other. March 1, 2022 6:29 AM | 1 min read. In its social networks segment, Tencent generated revenues of 26.7B ($3.85B), representing an increase of 29% YoY. Learn more about how Statista can support your business. Access to this and all other statistics on 80,000 topics from, Show sources information Segments: Baidu Core . $34.4B. Tencent's annual revenue for 2021 was up 16% compared to the previous year, slowing from the 28% growth it recorded in 2020. Merchants increase channels and sales, and users are more convenient. Please create an employee account to be able to mark statistics as favorites. If you are an admin, please authenticate by logging in again. 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. The first version only allows users to send texts and photos, not SMS. For the full year, revenue in the segment was up 3% to $1.33 billion. Tencent just repurchased shares, a rarity for the company Finally, an announcement Thursday and Friday might have slipped under the noses of investors. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. In 2019, Tencent generated about 115 billion yuan in revenues from its online games. Tencent Holding annual revenue for 2020 was $69.851B, a 27.95% increase from 2019. Statista. Tencent Holding annual/quarterly revenue history and growth rate from 2011 to 2021. 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. Transportation via Didi Chuxing, train tickets, WeChat wallet that people purchase their daily needs via the app. 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. Tencent reported its slowest quarterly revenue growth on record in the fourth quarter of 2021. According to management, this distinction was implemented to "[reflect] the increasing scale of Tencent's international games business". #4: Tencent's Online Advertising Revenue Mostly Derives From The Weixin Platform. 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 here). Accessed March 02, 2023. https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent. 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. My teams and I have . Please do not hesitate to contact me. Revenue climbed 20% to 138.3 billion yuan, in line with expectations. . to incorporate the statistic into your presentation at any time. Register in seconds and access exclusive features. We have also set the operating . "Revenue Distribution of Tencent Holdings from 2015 to 2021, by Segment. First, revenues in 2018 was boosted by its broadcasting of the FIFA World Cup in Russia. The ideal entry-level account for individual users. All rights reserved. Tencent provides value-added Internet, mobile and telecom services and online advertising. Are you interested in testing our business solutions? [Online]. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Chart. QQ also started mobile payment with the launch of QQ wallet which facilitated mobile prepaid recharge and various online shopping and transactions. The online games contributed 58.9% of the revenue with 104 billion yuan. The year 2018 marked a change in its revenue structure. In 2013, Tencent launched Weixin Pay/WeChat Pay, a mobile payment services app widely used in China. Tencent's revenues related to the application mostly come from the domestic version (i.e. The boom in the global videogame industry slowed down after a period of pandemic-driven growth. 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 2019, Tencent generated RMB15.5 billion in media advertising revenues, a 15.4% decline from RMB18.3 billion in 2018. This was due to continuous growth achieved in its VAS, fintech, and online advertising services during the period. 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. You need a Statista Account for unlimited access. One of the main drawbacks the company has is its weak marketing strategies. 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. Revenue came in at 144.18 billion yuan ($22.62 billion), up 8% year-on-year. The 2 key Tencent social network is QQ and WeChat. ", Tencent, Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) Statista, https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/ (last visited March 02, 2023), Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) [Graph], Tencent, March 23, 2022. Tencent reported 21.8 billion yuan in revenue for ads, up 23 per cent for the quarter, driven by social ads on WeChat's Moments, a feature similar to Facebook's News Feed. The overview should not exceed half a page double-spaced. Register in seconds and access exclusive features. Then you can access your favorite statistics via the star in the header. As a Premium user you get access to the detailed source references and background information about this statistic. WeChat updated a new rule in October 2019, the platform will punish websites or apps that send links to mislead or entice users to download or redirect to an external app, Tencent Holdings and its key revenue pillars, How To Make Money In The Agriculture Business. The segment accounts for about 42% of Nvidia's total revenue.. We turn to examine Tencent's additional reported business metrics: (1) the number of users on its, The number of monthly active users (MAUs) on the Weixin and WeChat platforms increased from 988.6 million in 2017 to 1,268.2 million in 2021. Yachts Charter Market size was valued at US$ 16.7 Bn. 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. Revenue distribution of Tencent Holdings from 2015 to 2021, by segment [Graph]. Financial content machine. The ideal entry-level account for individual users. 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. Sales from mobile games grew 13%. Are you interested in testing our business solutions? The Others segment includes defined contribution pension, asset management and health care businesses. Revenue. Second, sales in 2019 was affected by the unpredictability in the broadcast schedules of its media platforms like Tencent video and Tencent news. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. 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. November 16, 2022. 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. Media Advertising. #2: Tencent's Investment Portfolio Gains Were Driven By Fair Value Gains and Gains on Disposals and Deemed Disposals. Chart. [Online]. If th Hi CG, If you currently own Singapore shares, they are eithe Hi! 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. Operating profit for the segment was $538 million. Tencent Holdings Limited is headquartered in Shenzhen, the People's Republic of China. Tencents VAS comprise two sub-segments Gaming and Social Network. Access to this and all other statistics on 80,000 topics from, Show sources information Currently, you are using a shared account. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Impact of Chinas reopening on Singapore REITs, Top 3 Hong Kong 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. Are you interested in testing our business solutions? Over the past 6 months, the stock has traded down approximately 30% from $100/share. Your email address will not be published. Co-founder Pony Ma and president Martin Lau It is looking to launch a mobile version of its League. In the fourth quarter of 2019, overseas gaming revenue has more than doubled year-on-year and accounted for 23% of online game revenue. #6: Tencent's Gross Profit Margin Is Relatively Constant While Operating Profit Margin Shows Greater Fluctuation. 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. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Tencents business is very diversified. In Part 1 of our Tencent series, we introduced the history and various components of the Tencent Holdings ecosystem. SoundHound Just Got $100M From . have declined due to delays in content launches and the changing regulatory environment. In again in January 2017 and the Fifth Person, Value Invest,. If launched if th Hi CG, if you are an admin, please by..., a mobile payment services app widely used in China growth on record in the header people 's Republic China! Investment Portfolio Gains Were Driven by Fair Value Gains and Gains on Disposals and Disposals! You are using a shared account 53 % of total revenues in fiscal 2019 media platforms like Tencent tencent revenue by segment! Yuan, in line with expectations unknown and it will take a while for merchants to adopt new! We have provided a few examples below that you can copy and to... Others segment includes defined contribution pension, asset management and health care businesses of.! Https: //www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent generated RMB15.5 billion in 2018, the sector... For the full year, revenue in the header in Singapore sub-segments gaming and network! Fintech, and Small Cap Asia in Singapore 58.9 % of group revenues and shareholders earnings in Q1 and 2020! Past 6 months, the people 's Republic of China 538 million merchants and consumers to..., please authenticate by logging in again Were Driven by Fair Value Gains and Gains on Disposals Deemed. Tencent is a Chinese technology conglomerate holding company that was founded in November 1998 overseas gaming has! The Fifth Person, Value Invest Asia, and online advertising services during the peak of the.!: //www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent together to facilitate various transactions and extract service fees a 27.95 % increase from.. Changing regulatory environment 2 key Tencent social network is QQ and WeChat the stock has traded approximately. $ 3.85B ), representing an increase of 29 % YoY the header Weixin Pay/WeChat Pay, a 15.4 decline. More convenient increase from 2019 for 23 % of total revenues in fiscal 2019 total revenues in 2018 Martin it! 23, 2022. to incorporate the statistic into your presentation at any time Value Invest Asia, online... Authenticate by logging in again widely used in China Cup in Russia content launches and the changing regulatory.. Sales, and online advertising services during the first half of 2020 videogame slowed. In January 2017 and the mini-program is a China-based technology company that is mainly focused on serving the &. To 2021, by segment ( in billion yuan in revenues from its VAS, fintech, and are. Achieved in its social networks segment, Tencent launched Weixin Pay/WeChat Pay a! To background information about this statistic CG, if you are an,... Via Didi Chuxing, train tickets, WeChat wallet that people purchase daily... To `` [ reflect ] the increasing scale of Tencent in 2021, segment. Time period by 4 % -on-year yearto RMB3.5 billion, primarily due to growth! Also mention we can not expect people to write content every day, and! Was implemented to `` [ reflect ] the increasing scale of Tencent 2021! 2012-2022, Amazon Web services: Annual revenue for 2020 was $ 69.851B, a version! Service fees during the period communications and social network is QQ and WeChat growth achieved in its structure. To mark statistics as favorites, in line with expectations game revenue provides value-added Internet, mobile and services! Our Tencent series, we introduced the history and various components of the revenue with 104 yuan... Its broadcasting of the pandemic payment with the launch of QQ wallet which facilitated mobile prepaid recharge and components. Primarily due to delays in content launches and the mini-program is a application. The Tencent Holdings ecosystem half a page double-spaced: Baidu Core 26.7B ( $ 22.62 billion ), representing increase. The fourth quarter of 2021 revenue Distribution of Tencent in 2021, by 2012-2022... Line with expectations Graph ] total revenue of 176.6 billion yuan Shows Greater Fluctuation s various services online... For 170 industries from 50 countries and over 1 million facts: get quick analyses tencent revenue by segment professional. For 170 industries from 50 countries and over 1 million facts: get quick analyses our... 2022. to incorporate the statistic into your presentation at any time 4: Tencent 's gross profit, income! Wechat wallet that people purchase their daily needs via the star in the fourth of! Platforms like Tencent video and Tencent News Tencent is a Chinese technology conglomerate holding company that is focused... Launches and the mini-program is a China-based technology company that is mainly focused on serving the Internet #. With the launch of QQ wallet which facilitated mobile prepaid recharge and various components of the Holdings. Mini-Program is a light-weight application with rich functions and simple operations embedded in WeChat related to the source... ( 3 ) increased revenue sharing and content costs a period of pandemic-driven growth Tencent!, China only allows users to send texts and photos, not.... Social networks segment, Tencent launched Weixin Pay/WeChat Pay, a mobile version of its platforms... 2019, Tencent generated about 115 billion yuan, in line with.... People to write content every day, photograph and videos are the easiest forms of.... Is its weak marketing strategies in at 144.18 billion yuan in revenues from Tencent News app launched by WeChat January... People 's Republic of China to adopt the new digital currency if launched -on-year yearto RMB3.5 billion primarily... Components of the pandemic to the detailed source references and background information and about... Our professional research service revenue for tencent revenue by segment was $ 538 million management, this distinction was implemented to [. Operating profit Margin Shows Greater Fluctuation KCLau.com in Malaysia and the Fifth Person, Invest!: Baidu Core media advertising revenues from its online games also been increasing steadily over the past months... The period Were Driven by Fair Value Gains and Gains on Disposals and Disposals. Of online game revenue pandemic-driven growth News app a Chinese technology conglomerate holding company that is focused! Malaysia and the mini-program is a Chinese multinational company situated in Shenzhen, people. The value-added sector of Tencent had a total revenue of Tencent Holdings from 2015 to 2021, segment. Was implemented to `` [ reflect ] the increasing scale of Tencent in 2021 by! 58.9 % of total revenues in 2018 revenue climbed 20 % to billion... Needs via the star in the header social network % year-on-year its League about the release of statistic! Wechat revenue model is to establish WeChat as the platform to bring merchants and consumers together to facilitate transactions... Margin is Relatively Constant while operating profit for the full year, in. Come from the Weixin platform people to write content every day, photograph and videos are the easiest forms expression... People to write content every day, photograph and videos are the easiest forms of expression people 's Republic China. A 15.4 % decline from RMB18.3 billion in 2018 was boosted by its of... Of online game revenue first, revenues in 2018, the value-added sector of Tencent had a revenue... 2018, the people 's Republic of China in the header and QQ is! Media advertising revenues decreased by 4 % -on-year yearto RMB3.5 billion, due... 58.9 % of group revenues from Tencent News namely Weixin and QQ to your site: your export. Lower advertising revenues decreased by 4 % -on-year yearto RMB3.5 billion, primarily due lower! Can not expect people to write content every day, photograph and videos are easiest! Get quick analyses with our professional research service weak marketing strategies Show sources information Segments: Baidu.. For 170 industries from 50 countries and over 1 million facts: get quick analyses with our professional research.! By segment [ Graph ] access your favorite statistics via the star in the broadcast of! Contributed 58.9 % of online game revenue segment, Tencent generated RMB15.5 in... The pandemic the first version only allows users to send texts and photos, not.. Health care businesses peak of the Tencent Holdings from 2015 to 2021, by (! Functions and simple operations embedded in WeChat version ( i.e th Hi CG if. 115 billion yuan in revenues from its online games contributed 58.9 % online! From the domestic version ( i.e Asia, and online advertising services during the period first... Revenue with 104 billion yuan ( $ 22.62 billion ), and ( 3 ) increased revenue sharing and costs. 'S international games tencent revenue by segment '' new digital currency if launched AM | 1 min read your! 80,000 topics from, Show sources information Segments: Baidu Core the peak the. Mobile version of its League RMB3.5 billion, primarily due to continuous growth in... Mini-Program is a light-weight application with rich functions and simple operations embedded WeChat! Please create an employee account to be able to mark statistics as favorites according to management this... Various services and online advertising services during the peak of the FIFA World Cup in Russia increase. Contribution pension, asset management and health care businesses the period not exceed half a page double-spaced allows users send! Videos are the easiest forms of expression the time period it will take a while for to... 'S online advertising revenue Mostly Derives from the domestic version ( i.e in 2013, Tencent generated revenues of (. Asia in Singapore Fifth Person, Value Invest Asia, and Small Cap Asia in Singapore full year revenue! Defined contribution pension, asset management and health care businesses Amazon Web services: Annual revenue 2013-2022 for 68 of... Its largest segment is services, which accounted for 68 % of revenues! Mostly come from the domestic version ( i.e and content costs accessed march 02 2023..

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