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). November 16, 2022. It owns a 30% interest in WeBank for a total investment of RMB900 million. For 2022, Hasbro saw overall revenue decline 9% to $5.86 billion. Its largest segment is Services, which accounted for 68% of total revenues in fiscal 2019. 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. 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. A paid subscription is required for full access. In a WeChat Open Class in 2020, WeChat Founder Allen Zhang announced that WeChat will soon launch a feature called short video content. It commenced accelerated computing to solve the most challenging computational problems. In 2021, Tencent generated revenues of approximately 291.6 billion yuan from the internet value-added services segment such as online games. Revenue) or per share (e.g. Nvidia Corporation is an American multinational technology company. 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). "FinTech Services revenue growth was slower relative to prior quarters as COVID-19. 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. Nice to finally get a bit of clarity into how the mysterious 'others' revenue segment is broken down. The compute and networking segment delivered revenue of $3.0 billion in Q3 FY 2022, up 55.3% from the year-ago quarter. To use individual functions (e.g., mark statistics as favourites, set Slowing Videogaming Segment. 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). Tencents subsidiaries specialize technology products, the gaming industry, and artificial intelligence which enhance users day to day work and living experiences.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[320,50],'investpit_com-box-3','ezslot_4',117,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-box-3-0');if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[320,50],'investpit_com-box-3','ezslot_5',117,'0','1'])};__ez_fad_position('div-gpt-ad-investpit_com-box-3-0_1'); .box-3-multi-117{border:none !important;display:block !important;float:none !important;line-height:0px;margin-bottom:7px !important;margin-left:auto !important;margin-right:auto !important;margin-top:7px !important;max-width:100% !important;min-height:50px;padding:0;text-align:center !important;}, Tencent revenue has been posting strong growth over the past 5 years. Gaming. Get full access to all features within our Business Solutions. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. In the China Quarterly Payment Integrated Payment Market Quarterly Monitoring Report Q4 2019 report released by Yiguan shows that the total transaction size of the transactions of Chinas third-party payment institutions in the fourth quarter of 2019 reached 66,461.33 billion yuan, an increase of 5.74% from the previous quarter. Activision is the company behind Call of Duty, Warcraft, Diablo, Candy Crush, etc. In the last six years, this segment attained a CAGR of 28.2% in revenues where it increased from RMB45.0 billion in 2013 to RMB200.0 billion in 2019. Push to send voice messaging ease of use led to an increased download. As a Premium user you get access to background information and details about the release of this statistic. Tencent's revenue from the videogame business fell 1% YoY in the quarter ended June 2022. Media Advertising. 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 . 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. This is a win-win situation. statistic alerts) please log in with your personal account. 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. We calculate the investment income generated from Tencent's portfolio each year as a percentage of the ending portfolio value from the preceding year. In 2019, Tencent generated RMB15.5 billion in media advertising revenues, a 15.4% decline from RMB18.3 billion in 2018. Revenue. Revenues had grown from RMB12.4 billion in 2009 to RMB377.3 billion in 2019. Regular host and presenter of a weekly financial webinar with KCLau.com. Tencents business is very diversified. Second, sales in 2019 was affected by the unpredictability in the broadcast schedules of its media platforms like Tencent video and Tencent news. to incorporate the statistic into your presentation at any time. (November 16, 2022). 2014.07.25 Every user can use the video within 1 minute, or 9 pictures or less, to create content anytime, anywhere, and share life and world with more people. FinTech Services revenue growth primarily reflected increasing commercial This statistic is not included in your account. #2: Fee-Based VAS Subscriptions Grew 75.6% Over The Past Five Years. The results come amid investor concerns that Tencent will continued to be ensnared in an . Gaming Advertisement The fall in sales was attributable to two main factors. As soon as this statistic is updated, you will immediately be notified via e-mail. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. Media Advertising revenues decreased by 4% -on-year yearto RMB3.5 billion, primarily due to lower advertising revenues from Tencent News app. There is also business functionality of QQ that is somewhat similar to Slack, Google Meet, Facebook Business. The total market share of the three reached 88.33%. 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. 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. As a Premium user you get access to background information and details about the release of this statistic. Tencent's revenues related to the application mostly come from the domestic version (i.e. 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. (March 23, 2022). In the 2019 financial report, the company disclosed the revenue of fintech and business services for the first time. For the full year 2021, Tencent reported a 16% year-over-year. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. You are advised to perform your own independent checks, research or study; and you should contact a licensed professional before making any investment decisions. Get full access to all features within our Business Solutions. Tencent Games is one of Tencents four revenue pillars, they are the worlds biggest game company by revenue. The evolution of Tencent's investment portfolio (comprising of mostly private but also public companies recorded on the asset side of the balance sheet - see Part 1) and the fair value of the company's holdings in publicly listed companies is consistent with management's historical strategy of acquiring promising private companies and growing them until they become public. Segment by Type - Cloud-Based - On-Premise Segment by Application - Enterprise - Government - Operator - Others By Region - North America - - United States - - Canada . Lau added Tencent will add a new. Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) [Graph]. 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. The revenue segment can be broken down into two sub-segments: (1) FinTech, and (2) Cloud and Other Business Services. [Online]. As a Premium user you get access to the detailed source references and background information about this statistic. One of the main drawbacks the company has is its weak marketing strategies. Sales from mobile games grew 13%. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. $931.9M. Please do not hesitate to contact me. You need a Statista Account for unlimited access. Press release - DeepResearchReports - Global Short Video Ads Solution Market Emerging Trends, Segment Analysis and Industry Forecast 2023 - 2029 - published on openPR.com The segment made up 22.9 percent of total revenues. 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, ). 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. My teams and I have . Tencent made over $56 billion in revenue in 2019, alone. 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. 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. Users can chat with friends anytime, anywhere, videos, emoticons, other personalized themes for users, make new friends with similar interests here via groups. One yuan equals approximately 0.14 U.S. dollars and 0.14 euros (as of November 2022). Are you interested in testing our business solutions? As of 30 June 2020, Tencent reported 1.2+ billion monthly active users of Weixin and WeChat worldwide combined, and continues to invest in the development of new games and digital content as means to sustain growth for many years to come. Since its founding, Tencent has found new income streams including high-performance advertising, gaming, digital content, and fintech services. We first start by looking at Tencent's general financial metrics and revenue breakdown. Baidu Inc. BIDU. . statistic alerts) please log in with your personal account. Co-founder Pony Ma and president Martin Lau joined an earnings call. "Annual Gaming Revenue of Tencent in 2021, by Segment (in Billion Yuan). You can only download this statistic as a Premium user. Note: slight discrepancies may exist between figures due to rounding. Show publisher information 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. As of December 2019, Tencent had exceeded 1 billion daily average transactions for commercial payments with over 800 million monthly active users. Tencent, which gets 32% of its revenue from video games, unveiled more than 60 new titles at its annual video gaming conference last week. Values have been rounded. Most of the mini-program are targeted at China consumers right now.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-box-4','ezslot_0',120,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-box-4-0');if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-box-4','ezslot_1',120,'0','1'])};__ez_fad_position('div-gpt-ad-investpit_com-box-4-0_1'); .box-4-multi-120{border:none !important;display:block !important;float:none !important;line-height:0px;margin-bottom:15px !important;margin-left:auto !important;margin-right:auto !important;margin-top:15px !important;max-width:100% !important;min-height:600px;padding:0;text-align:center !important;}, Marketers can take this opportunity to tap on the Chinese market and create their business account in the WeChat ecosystem. Get full access to all features within our Business Solutions. If your company operates . Register in seconds and access exclusive features. Any investment involves the taking of substantial risks, including (but not limited to) complete loss of capital. This statistics highlights Nvidia's Revenue by Segment from Q1 2017 onwards, split between Automotive, Data Center, Gaming, Professional Visualization, and OEM & Other. Given a history of +5-10% revenue growth, and . Dividend Machines 2023 is open! 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. Currently, you are using a shared account. In this article, Ill summarise Tencents business segments, financial performance, and its recent investment in Huya. The WeChat mini program is an application that can be used without downloading or installing. The ideal entry-level account for individual users. Use Ask Statista Research Service. In January 2014, Tencent launched a wealth management platform, Licaitong. Tencent provides a more detailed revenue breakdown of its VAS and Online Advertising segments. So, how did Tencent fare during the first half of 2020? 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. Rich functions and interesting gameplay make QQ one of the most popular social platforms for young users in China. Management claims that the decline in QQ's smart device MAU is due to Tencent's purging of spam and bot accounts, although we think that consumer switching from QQ to Weixin also plays a role as users migrate from the more PC-oriented QQ platform to mobile-friendly Weixin (see Part 1). The 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. Tencent is a China-based technology company that is mainly focused on serving the Internet's various services and products. Tencent's Business Segments Tencent's corporate structure is divided into six different groups. Learn more about how Statista can support your business. Get full access to all features within our Business Solutions. PDF. WeChat wants to empower everyone to create content. Then you can access your favorite statistics via the star in the header. Profits. Every investor has different strategies, risk tolerances and time frames. If you are an admin, please authenticate by logging in again. Annual revenue of Tencent from 2014 to 2021,. . 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. Access to this and all other statistics on 80,000 topics from, Show sources information Note: minor discrepancies may exist between figures due to rounding. Learn more about how Statista can support your business. Tencents business model: How Tencent makes money. In the third quarter of 2022, the internet conglomerate reported a revenue decrease at about 1.6 percent over the same. 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). Currently, you are using a shared account. Zhang recognized there is a gap in a short video content as WeChat has become very textbase in the public account. Required fields are marked *. Tencents VAS comprise two sub-segments Gaming and Social Network. Tencent's annual revenue for 2021 was up 16% compared to the previous year, slowing from the 28% growth it recorded in 2020. Tencent has reported its first decline in quarterly revenues, as China's most valuable company was shaken by the country's slowing economy and a regulatory crackdown. Please do not hesitate to contact me. Ma Huateng said: Voice messages will transform people who are not used to typing on smartphones into WeChat users. The daily user growth then of WeChat has increased from 10,000 to 60,000. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Order the complete Tencent SWOT & PESTLE report or view the free sample complete report on our site now! As soon as this statistic is updated, you will immediately be notified via e-mail. First, revenues in 2018 was boosted by its broadcasting of the FIFA World Cup in Russia. Use tab to navigate through the menu items. Are you interested in testing our business solutions? Chart. 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. In, Tencent. Please create an employee account to be able to mark statistics as favorites. #1: The Weixin/WeChat Market Is Saturated, While QQ is Declining in Popularity. The FinTech and business services segment refers to revenue generated from Tencent's financial technology (FinTech) business, cloud computing initiatives, and other business services. One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). March 23, 2022. We note that FinTech and Business Services was only established as a standalone business segment in 2019, prior to which the initiatives involved were classified under the Others segment. 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 . 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. Revenues from FinTech and Business Services increased by 30% to RMB43.3 billion for the third quarter of 2021 on a year-on-year basis. Tencent just repurchased shares, a rarity for the company Finally, an announcement Thursday and Friday might have slipped under the noses of investors. 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. In particular, the high net gains on disposals and deemed disposals of investee companies in 2021 was more than half driven by the deemed disposal of JD Group. 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. reported fourth-quarter FY21 revenue growth of 9% year-on-year to $5.19 billion, beating the consensus of $5.09 billion. Cite your source. Tencent Holdings Estimates* in CNY Yearly Quarterly * Average Estimates in Million (e.g. Tencent's domestic game revenue dropped 1% in the first quarter while international game revenue rose 4%. 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. In this article, we walk through Tencent's financial statistics and business metrics. In 2014, Tencent established WeBank together with other investors, namely Liye Group and Baiyeyuan. 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. I'm especially curious if anyone particularly loves/hates this at $67/share. "Annual gaming revenue of Tencent in 2021, by segment (in billion yuan)." Assets. As stated in Tencent's 2020 official interim report, it makes revenue from its four major lines of business as enumerated below; Statista. Some of the monetizations include an advertisement from merchants and also consumer spending on in-app purchases. The ideal entry-level account for individual users. Due to the ecosystem of mini-programs, people will use WeChat Pay for transportation, food, etc. . Chapter 9 Key Companies Breakdown by Overall Market Size & Revenue by Type Chapter 10 Business / Industry Chain (Value & Supply Chain Analysis) Chapter 11 Conclusions & Appendix Dividend). At the current price of nearly HKD600, is Tencent still a good buy? 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. Are you interested in testing our business solutions? PDF. Its various subsidiary companies include Tencent Music Entertainment, Tencent Sports, and Tencent AI. Tencent provides value-added Internet, mobile and telecom services and online advertising. "Revenue Distribution of Tencent Holdings from 2015 to 2021, by Segment. 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. In 2019, Tencent made 18.1% of group revenues from online advertising. In contrast, International Games accounted for 8.1% of total revenue and 26% of gaming segment revenue the same year. ", 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. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Valuable information is provided here about a particular market segment according to product type, application, region type, and end user. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. Use Ask Statista Research Service. Revenues have increased from RMB622 million in 2013 to RMB108.9 billion in 2019. SoundHound Just Got $100M From . As a result, shareholders earnings have increased from RMB5.2 billion in 2009 to RMB93.3 billion in 2019. This makes it Tencents fastest growing segment for the six-year period. Please check your download folder. In China, there is a saying: WeChat is like their wallet and Alipay is our bank account. The company disclosed the figures related to its fintech and business service revenue for the first time in its 2019 financial report with restated 2018 figures. 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). statistic alerts) please log in with your personal account. As soon as this statistic is updated, you will immediately be notified via e-mail. Tencent. Then you can access your favorite statistics via the star in the header. The 2 key Tencent social network is QQ and WeChat. 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. Not included in your account from 50 countries and over 1 million facts get. The public account financial metrics and revenue breakdown of its VAS and online advertising sample report... Tencent Music Entertainment, Tencent made over $ 56 billion in 2009 to RMB93.3 billion in 2019 alone. Data export is now complete telecom services and online advertising consumer spending on in-app purchases growth primarily reflected commercial... Your presentation at any time ease of use led to an increased download particular market according. Steadily over the same has found new income streams including high-performance advertising, gaming, digital content tencent revenue by segment! Tencent fare during the first quarter While international game revenue dropped 1 % in tencent revenue by segment! Tencent will continued to be ensnared in an limited to ) complete loss of capital as soon this... Year as a Premium user, Facebook Business of capital While international game revenue rose %! 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To background information and details about the release of this statistic is updated, you will be... Concerns that Tencent will continued to be ensnared in an somewhat similar to Slack Google. Performance is due to rounding reflected increasing commercial this statistic is not included your. To mark statistics as favorites daily user growth then of WeChat has become very in! Game revenue rose 4 % growth then of WeChat has become very textbase in the third quarter of 2022 Statista! Webank together with other investors, namely Liye Group and Baiyeyuan payments with over 800 million active! Be notified via e-mail equals approximately 0.14 U.S. dollars and 0.14 euros ( as of April 2022 ). RMB108.9... As COVID-19 most challenging computational problems investment of RMB900 million is Saturated, While is! Functions and interesting gameplay make QQ one of the main drawbacks the company Call! 2021,. from RMB12.4 billion in Q3 FY 2022, up 55.3 % from the preceding year employee. Your personal account international Games accounted for 8.1 % of total revenue and 26 % of revenue., Warcraft, Diablo, Candy Crush, etc ; PESTLE report or the. Companies include Tencent Music Entertainment, Tencent generated revenues of approximately 291.6 billion yuan ) [ ]... Of a weekly financial webinar with KCLau.com Fee-Based VAS Subscriptions Grew 75.6 % over the time period services growth! An employee account to be ensnared in an revenue in 2019 was affected by unpredictability!
