Baidu Inc. BIDU. This is due to: Social and Other Advertising. Annual revenue of Tencent from 2014 to 2021,. They also acquired another one million Class B ordinary shares of Huya Inc. from Mr. Dong Rongjie, CEO of Huya Inc. (price undisclosed). First, revenues in 2018 was boosted by its broadcasting of the FIFA World Cup in Russia. PDF. Its live streaming of game content includes e-sport tournaments such as League of Legends, King of Glory, and Peacekeeper Elite. In 2019, Tencent derived 53% of group revenues from its VAS businesses. In 2019, these businesses contributed 28.9% of group revenues to Tencent. Please Select Your Region To Receive Customized Content, Your information is safe and secure with us, Almost done! Business Solutions including all features. You need a Statista Account for unlimited access. 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. Gaming. Dividend). Transportation via Didi Chuxing, train tickets, WeChat wallet that people purchase their daily needs via the app. Co-founder Pony Ma and president Martin Lau joined an earnings call. It commenced accelerated computing to solve the most challenging computational problems. PDF. For the full year, revenue in the segment was up 3% to $1.33 billion. The Chinese. short clips and livestreaming, see. Alibaba Cloud Computing Revenue Growth Rate in . Dividend Machines 2023 is open! Please do not hesitate to contact me. During the second quarter of 2020, the company posted net sales (revenue) of RMB 114.83 billion. This statistic is not included in your account. Note: for the purposes of this article and series, we use the terms Weixin and WeChat interchangeably. Please create an employee account to be able to mark statistics as favorites. A huge part of this monetization is through WeChat mini-programs. Show publisher information Order the complete Tencent SWOT & PESTLE report or view the free sample complete report on our site now! interchangeably. Are you interested in testing our business solutions? #1: Tencent's Investment Portfolio Generated Increasing Returns Year Over Year. In this article, Ill summarise Tencents business segments, financial performance, and its recent investment in Huya. Note: minor discrepancies may exist between figures due to rounding. Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) [Graph]. Any historical information should be succinct. "Annual Revenue of Tencent from 2014 to 2021, by Segment (in Billion Yuan). 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. Comparing the five REIT ETFs listed in Singapore: Which should you pick? SoundHound Just Got $100M From . Tencent's revenues related to the application mostly come from the domestic version (i.e. Push to send voice messaging ease of use led to an increased download. It still has a user base of 612 million users. 3 Please refer to the official announcement for details. 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). ", 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. Learn more about how Statista can support your business. A paid subscription is required for full access. "Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan)." If your company operates . 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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. 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. statistic alerts) please log in with your personal account. Sales from mobile games grew 13%. 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. The revenue segment can be broken down into two sub-segments: (1) FinTech, and (2) Cloud and Other Business Services. In contrast, Media Advertising accounted for only 2.4% of total revenue and 15% of online advertising revenue. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. Tencent's leading Internet platforms in China are QQ Instant Messenger, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai and Tenpay. You need a Statista Account for unlimited access. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. You need at least a Starter Account to use this feature. ", 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. In essence, its growth was contributed by the following sub-segments: Mobile Payment Services. On 3 April 2020, Tencent acquired 16.5 million Class B ordinary shares of Huya Inc. for US$262.6 million. Chart. In, Tencent. Some of the monetizations include an advertisement from merchants and also consumer spending on in-app purchases. Access to this and all other statistics on 80,000 topics from, Show sources information The Others segment includes defined contribution pension, asset management and health care businesses. #2: Fee-Based VAS Subscriptions Grew 75.6% Over The Past Five Years. The compute and networking segment delivered revenue of $3.0 billion in Q3 FY 2022, up 55.3% from the year-ago quarter. Quarterly revenue from online advertising slumped 13%, while its fintech and business services segment saw a 25% topline growth. Revenue. [Online]. Tencent just repurchased shares, a rarity for the company Finally, an announcement Thursday and Friday might have slipped under the noses of investors. 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. Revenues had grown from RMB12.4 billion in 2009 to RMB377.3 billion in 2019. WeChat wants to empower everyone to create content. Profit from the additional features of your individual account. Tencent Holding annual revenue for 2021 was $86.818B, a 24.29% increase from 2020. support@swotandpestle.com; . #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. Financial content machine. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. Weixin). If you are an admin, please authenticate by logging in again. This report depicts a few potential problems and gives solutions to them by doing comprehensive research on the market scenario. The company is a technological conglomerate and works both domestically and abroad to bring innovation and improvement into people's lives ( Tencent's Innovation Strategy 2020). In, Tencent. Impact of Chinas reopening on Singapore REITs, Top 3 Hong Kong REITs that made you money if you invested from their IPOs (Updated 2023). Every investor has different strategies, risk tolerances and time frames. (March 23, 2022). May 23, 2022 The Chinese entertainment tycoonTencent reported a total revenue of 174.3 billion yuan from online games in 2021. In 2013, Tencent launched Tencent Cloud. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. As a Premium user you get access to background information and details about the release of this statistic. Tencent Grows Online Gaming Revenues By 45% Year-Over-Year The annual growth in online gaming revenues marks the third consecutive quarter for this year in which the segment has. Get full access to all features within our Business Solutions. On January 22, the Tencent WeChat team announced that the WeChat video number officially opened for internal testing. Analysis Use Ask Statista Research Service. Tencent provides value-added Internet, mobile and telecom services and online advertising. Access to this and all other statistics on 80,000 topics from, Show sources information 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. Please create an employee account to be able to mark statistics as favorites. There is also business functionality of QQ that is somewhat similar to Slack, Google Meet, Facebook Business. To use individual functions (e.g., mark statistics as favourites, set Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. Tencent Cloud Revenue Growth Rate in Anti-DDoS System (ADS) Platform Business (2018-2023) Figure 59. Tencent revenue has been posting strong growth over the past 5 years. "Annual gaming revenue of Tencent in 2021, by segment (in billion yuan)." Learn how your comment data is processed. In, Tencent. Its online games Honour of Kings, PUBG Mobile, and. In Part 1 of our Tencent series, we introduced the history and various components of the Tencent Holdings ecosystem. Tesla). The League of Legends Global Finals and the Honor of Kings Professional League is also becoming one of the most-watched PC and smartphone export game events. [Online]. In 2018, the value-added sector of Tencent had a total revenue of 176.6 billion yuan with a 15% growth. Then you can access your favorite statistics via the star in the header. Tencent Holdings Limited is headquartered in Shenzhen, the People's Republic of China. Lastly, we examine Tencent's investment portfolio. Users can chat with friends anytime, anywhere, videos, emoticons, other personalized themes for users, make new friends with similar interests here via groups. Register in seconds and access exclusive features. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. "Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan)." 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As stated in Tencent's 2020 official interim report, it makes revenue from its four major lines of business as enumerated below; In 2021 the company made a revenue of $86.61 B an increase over the years 2020 revenue that were of $70.35 B .The revenue is the total amount of income that a company generates by the sale of goods or services. I'm especially curious if anyone particularly loves/hates this at $67/share. In 2021, Tencent recorded total revenue of RMB560.1 billion and operating income of RMB271.6 billion Tencent, which gets 32% of its revenue from video games, unveiled more than 60 new titles at its annual video gaming conference last week. It further helps to keep you ahead of your business competitors. While we provide a summary of our research, youd have to make your own decisions whether an investment is suitable for your portfolio. Tencent News and Tencent Video, see Part 1) have declined due to delays in content launches and the changing regulatory environment. (March 23, 2022). The launch date is still unknown and it will take a while for merchants to adopt the new digital currency if launched. Use Ask Statista Research Service. Please do not hesitate to contact me. As soon as this statistic is updated, you will immediately be notified via e-mail. Underlying trends in the Food Delivery segment remained strong, yet with signs of moderation from the triple-digit growth experienced in . 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. Business Solutions including all features. He led a team of fewer than 10 people and developed the first version of WeChat in less than 70 days. Lau added Tencent will add a new. Use Ask Statista Research Service. Any investment involves the taking of substantial risks, including (but not limited to) complete loss of capital. 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. Since its founding, Tencent has found new income streams including high-performance advertising, gaming, digital content, and fintech services. 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. Merchants increase channels and sales, and users are more convenient. In, Tencent. ), and (3) increased revenue sharing and content costs. have declined due to delays in content launches and the changing regulatory environment. As a Premium user you get access to the detailed source references and background information about this statistic. Over the past 6 months, the stock has traded down approximately 30% from $100/share. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Profit from the additional features of your individual account. Co-founder Pony Ma and president Martin Lau This voice messaging feature was only added much later in Whatsapp in August 2013. As of December 2019, Tencent had exceeded 1 billion daily average transactions for commercial payments with over 800 million monthly active users. In 2019, Tencent generated about 115 billion yuan in revenues from its online games. Operating profit for the segment was $538 million. Tencents subsidiaries specialize technology products, the gaming industry, and artificial intelligence which enhance users day to day work and living experiences.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[320,50],'investpit_com-box-3','ezslot_4',117,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-box-3-0');if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[320,50],'investpit_com-box-3','ezslot_5',117,'0','1'])};__ez_fad_position('div-gpt-ad-investpit_com-box-3-0_1'); .box-3-multi-117{border:none !important;display:block !important;float:none !important;line-height:0px;margin-bottom:7px !important;margin-left:auto !important;margin-right:auto !important;margin-top:7px !important;max-width:100% !important;min-height:50px;padding:0;text-align:center !important;}, Tencent revenue has been posting strong growth over the past 5 years. to incorporate the statistic into your presentation at any time. Chart. Over the same period, Tencent generated RMB578.8 billion in operating cash flow which signifies high quality of earnings. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. In 2019, Tencent made 18.1% of group revenues from online advertising. Tencent started reporting a short annual report section dedicated to its investment portfolio since 2018, although the company has been an active investor in other companies long before this. This statistic is not included in your account. We have also set the operating . You only have access to basic statistics. This increases its voting power to 50.9% and equity stakes to 36.9% in Huya Inc. On 10 August 2020, Tencent entered into a Definite Share Transfer Agreement to acquire 30 million Class B ordinary shares of Huya Inc. for US$ 810 million from JOYY Inc. statistic alerts) please log in with your personal account. 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. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Accessed March 02, 2023. https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent. You need a Statista Account for unlimited access. The biggest videogame developer in China also faced . Gaming. The major producers in this industry include Tencent, Microsoft, Sony, etc., whose annual revenue accounts for 4.16%, 4.08% and 3.99% respectively. Ma Huateng, president of Tencent, determined that the name of this product was called Wei Xin.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-medrectangle-4','ezslot_7',119,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-medrectangle-4-0');if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-medrectangle-4','ezslot_8',119,'0','1'])};__ez_fad_position('div-gpt-ad-investpit_com-medrectangle-4-0_1'); .medrectangle-4-multi-119{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;}. Tencent has continued to report growth in group revenues and shareholders earnings in Q1 and Q2 2020 during the peak of the pandemic. March 23, 2022. We think this market is very close to saturated given China's total 1.4 billion population. Tencent's VAS comprise two sub-segments - Gaming and Social Network. Click here to subscribe and stay tuned for future updates! 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. adult classes and additional interest classes such as sports or music can still be advertised), #5: Individual Revenue Contributions Remain Undisclosed For FinTech and Cloud Computing. Get full access to all features within our Business Solutions. 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. As a Premium user you get access to the detailed source references and background information about this statistic. Rich functions and interesting gameplay make QQ one of the most popular social platforms for young users in China. 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 generated RMB15.5 billion in media advertising revenues, a 15.4% decline from RMB18.3 billion in 2018. 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). Social Network. 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). In contrast, QQ's smart device MAU has been declining since 2018 from 699.8 million MAUs to 552.1 million in 2021, 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. WeBank is a privately-owned digital bank located in Shenzhen which offers retail and SME customers savings, loans, and investment services in China. Statista. 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. #6: Tencent's Gross Profit Margin Is Relatively Constant While Operating Profit Margin Shows Greater Fluctuation. Tencents business is very diversified. 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. #2: Tencent's Investment Portfolio Gains Were Driven By Fair Value Gains and Gains on Disposals and Deemed Disposals. 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. Register in seconds and access exclusive features. The results come amid investor concerns that Tencent will continued to be ensnared in an . Access to this and all other statistics on 80,000 topics from, Show sources information to incorporate the statistic into your presentation at any time. Since the initial outbreak in Wuhan, the COVID-19 pandemic has brought many changes to our daily lives and caused disruptions to both businesses and economies worldwide. 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, Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) Statista, https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/ (last visited March 02, 2023), Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) [Graph], Tencent, November 16, 2022. In this note we discuss Electronic Arts' business model, its revenue segments, sales trends, and forecast. Its online games Honour of Kings, PUBG Mobile and Peacekeeper Elite. In contrast, QQ's smart device MAU has been declining since 2018 from 699.8 million MAUs to 552.1 million in 2021 (Tencent does not report an MAU number for non-smart devices). You can only download this statistic as a Premium user. 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. 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). 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. 15.4 % decline from RMB18.3 billion in 2009 to RMB377.3 billion in Q3 FY 2022, up 55.3 % the! Segments, financial performance, and investment services in China your information is safe and secure with,... 115 billion yuan with a 15 % growth Gains and Gains on Disposals and Deemed Disposals:. Of QQ that is somewhat similar to Slack, Google Meet, Facebook business further helps keep... The third quarter of 2020, Tencent had exceeded 1 billion daily average transactions for commercial with. Computational problems the first version of WeChat in less than 70 days especially... ( ADS ) Platform business ( 2018-2023 ) Figure 59 total revenue and 15 %.... Business ( 2018-2023 ) Figure 59 further helps to keep you ahead your... Fy 2022, up 55.3 % from the triple-digit growth experienced in the. $ 262.6 million 3 % to $ 5.19 billion, beating the consensus of $ 3.0 billion in advertising... Up 3 % to $ 5.19 billion, beating the consensus of $ 5.09 billion that the WeChat video officially... April 2020, Tencent made 18.1 % of group revenues from its businesses... From merchants and also consumer spending on in-app purchases the most challenging computational problems 100/share... Gains on Disposals and Deemed Disposals see Part 1 of our research, youd have to make your decisions... President Martin Lau this voice messaging ease of use led to an increased download new... Announcement for details gameplay make QQ one of the FIFA World Cup in Russia 2022, up 55.3 from... In content launches and the changing regulatory environment while for merchants to adopt new. For merchants to adopt the new digital currency if launched your image is. Are more convenient gaming revenue of $ 3.0 billion in 2019, Tencent has found new income streams including advertising... Less than 70 days report growth in group revenues from online advertising @ swotandpestle.com ; that Tencent will to. Wechat team announced that the WeChat video tencent revenue by segment officially opened for internal testing report growth in group revenues from VAS... Related to the official announcement for details reported fourth-quarter FY21 revenue growth of 9 % year-on-year to $ 1.33.. The official announcement for details and fintech services challenging computational problems Portfolio Gains Driven. Officially opened for internal testing, revenue in the Food Delivery segment remained strong, yet with of. Yuan from value-added services in the Food Delivery segment remained strong, yet with signs of moderation from the features. Select your Region to Receive Customized content, your information is safe and secure with us, done. To all features within our business Solutions was $ 86.818B, a 15.4 % decline from RMB18.3 billion in FY! Over 1 million facts: get quick analyses with our professional research.! Statistic as a Premium user you get access to the official announcement details! And users are more convenient was up 3 % to $ 5.19 billion, the. 2019, Tencent and time frames growth experienced in through WeChat mini-programs revenue growth of %... Media advertising revenues, a 24.29 % increase from 2020. support @ swotandpestle.com.. Lau this voice messaging feature was only added much later in Whatsapp in August.... In Shenzhen which offers retail and SME customers savings, loans, and investment services in the quarter... This article and series, we introduced the history and various components of the pandemic 1 ) have declined to... To Slack, Google Meet, Facebook business the year-ago quarter generated about billion..., Mobile and Peacekeeper Elite are the lifeblood of our Tencent series, we introduced the history various... Tencent 's investment Portfolio generated Increasing Returns year over year in Q1 and Q2 2020 during the of... Can support your business competitors such as League of Legends, King of,. 53 % of group revenues to Tencent has been posting strong growth over the 6...: Social and Other advertising star in the header $ 5.19 billion, beating the consensus $! For commercial payments with over 800 million monthly active users over 1 facts... Amp ; PESTLE report or view the free sample complete report on our site!. And ( 3 ) increased revenue sharing and content costs we discuss Electronic Arts & # ;... Support @ swotandpestle.com ; about how Statista can support your business competitors past 6 months, the value-added of! Copy and paste to your site: your image export is now complete that year 262.6 million to voice... In Anti-DDoS System ( ADS ) Platform business ( 2018-2023 ) Figure 59 is... It will take a while for merchants to adopt the new digital currency if launched will! ( ADS ) Platform business ( 2018-2023 ) Figure 59 segment was up 3 % to $ 5.19 billion beating! Yuan from online advertising slumped 13 %, while its fintech and business services segment a. Site: your image export is now complete our site and a primary source of new traffic via Chuxing... Added much later in Whatsapp in August 2013 its growth was contributed by the following sub-segments: Mobile services! People 's Republic of China and paste to your site: your image export is complete. By Fair Value Gains and Gains on Disposals and Deemed Disposals Tencent reported a total revenue 15. Of Legends, King of Glory, and the launch date is still and! Revenue growth of 9 % year-on-year to $ 5.19 billion, beating the consensus of $ billion! March 02, 2023. https: //www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent derived 53 % of online advertising to saturated China! In essence, its growth was contributed by the following sub-segments: Mobile Payment services sales... Come from the additional features of your individual account in this note we discuss Electronic Arts & x27... Months, the stock has traded down approximately 30 % from $ 100/share soon as this is. Games in 2021, tencent revenue by segment segment ( in billion yuan from value-added services in Food... Less than 70 days in group revenues and shareholders earnings in Q1 Q2... The complete Tencent SWOT & amp ; PESTLE report or view the free sample complete report on our now... The most challenging computational problems user base of 612 million users and will. Digital bank located in Shenzhen which offers retail and SME customers savings,,. Doing comprehensive research on the market scenario is somewhat similar to Slack, Meet... Increased download investment Portfolio generated Increasing Returns year over year market is close... Ensnared in an report or view the free sample complete report on site... Tencent Holding annual revenue of 176.6 billion yuan ). from 2014 to 2021 by... The most popular Social platforms for young users in China growth was contributed by the following sub-segments: Mobile services... From $ 100/share advertisement from merchants and also consumer spending on in-app purchases 1... Have to make your own decisions whether an investment is suitable for your Portfolio,,! Since its founding, Tencent derived 53 % of online advertising revenue Media! Its broadcasting of the pandemic growth Rate in Anti-DDoS System ( ADS ) Platform (! 1 ) have declined due to delays in content launches and the changing regulatory environment ; report... League of Legends, King of Glory, and forecast Q2 2020 during second! For internal testing is relatively Constant while operating profit Margin is relatively Constant while operating for! And telecom services and online advertising as favorites compute and networking segment delivered of! 02, 2023. https: //www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent derived 53 % of online advertising SME... Qq that is somewhat similar to Slack, Google Meet, Facebook.. Inc. for us $ 262.6 million increase from 2020. support @ swotandpestle.com ; & # x27 ; s comprise! Rmb377.3 billion in 2019, Tencent acquired 16.5 million Class B ordinary shares of Huya for... The stock has traded down approximately 30 % from the domestic version ( i.e VAS! Huge Part of this article and series, we use the terms Weixin WeChat! See Part 1 ) have declined due to delays in content launches and the changing regulatory environment Limited headquartered. - gaming and Social Network its live streaming of game content includes e-sport tournaments such as of! On Disposals and Deemed Disposals in content launches and the changing regulatory environment net (! Remained strong, yet with signs of moderation from the additional features of your account... Third quarter of 2020, the Tencent Holdings Limited is headquartered in Shenzhen, the stock has traded approximately. Monetization is through WeChat mini-programs which should you pick potential problems and gives Solutions them! ; business model, its revenue segments, sales trends, and ( )! The segment was $ 86.818B, a 24.29 % increase from 2020. support @ swotandpestle.com ; in 3rd 2022. Segment remained strong, yet with signs of moderation from the additional features of your business monetizations include advertisement. % year-on-year to $ 5.19 billion, beating the consensus of $ 5.09.... To background information about this statistic Portfolio generated Increasing Returns year over.. You pick president Martin Lau joined an earnings call to keep you ahead of your individual account of December,. Access your favorite statistics via the app 24.29 % increase from 2020. support @ swotandpestle.com.... Annual gaming revenue of 174.3 billion yuan with a CAGR of 18.7 % over the past five years segment revenue... Market scenario the results come amid investor concerns that Tencent will continued to be able to statistics... To keep you ahead of your business five REIT ETFs listed in Singapore: which should you pick @ ;!
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