Of the 236 million paid subscriptions in 2021, 124 million were, The evolution of Tencent's investment portfolio (comprising of mostly private but also public companies recorded on the asset side of the balance sheet - see. ) Please Select Your Region To Receive Customized Content, Your information is safe and secure with us, Almost done! You need at least a Starter Account to use this feature. In 2019, it has over RMB900 billion in aggregated customer assets, an increase from over RMB300 billion in 2017. Get full access to all features within our Business Solutions. Lastly, we examine Tencent's investment portfolio. Nvidia Corporation is an American multinational technology company. PDF. Slowing Videogaming Segment. In 2019, Tencent generated about 115 billion yuan in revenues from its online games. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. 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. 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. In, Tencent. As a Premium user you get access to the detailed source references and background information about this statistic. interchangeably. Revenues have increased from RMB622 million in 2013 to RMB108.9 billion in 2019. In the early days, QQ was Tencents key product. He led a team of fewer than 10 people and developed the first version of WeChat in less than 70 days. Tencent's revenues related to the application mostly come from the domestic version (i.e. Learn more about how Statista can support your business. This report depicts a few potential problems and gives solutions to them by doing comprehensive research on the market scenario. The total market share of the three reached 88.33%. Revenue distribution of Tencent Holdings from 2015 to 2021, by segment [Graph]. WeChat has 3.2 million mini programs on its platform, which transacted 1.6 trillion RMB in 2020. In 2018, the value-added sector of Tencent had a total revenue of 176.6 billion yuan with a 15% growth. PDF. As a Premium user you get access to the detailed source references and background information about this statistic. This voice messaging feature was only added much later in Whatsapp in August 2013. In 2019, it has a total revenue 377.3B ($53.52 B) Tencent Holdings Revenue by Year Tencent Revenue and its core channel Revenue is being broken down into the main 4 segments Tencent social network The 2 key Tencent social network is QQ and WeChat. The results come amid investor concerns that Tencent will continued to be ensnared in an . Currently, you are using a shared account. 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. By region, North America had the highest share . 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. #1: The Weixin/WeChat Market Is Saturated, While QQ is Declining in Popularity. You need at least a Starter Account to use this feature. If th Hi CG, If you currently own Singapore shares, they are eithe Hi! An Overview and Timeline of China's E-Commerce Sector, Alibaba (Part 1): Introducing the Alibaba Ecosystem and Commerce Empire, Pinduoduo (Part 1): Targeting China's Forgotten Consumers, An Introduction to China's After-School Education Industry, Policy Update: China's K-12 Education Industry Reforms, Anti-Trust Approval Fines: Signalling The Future of China's Internet Giants. 3 Please refer to the official announcement for details. WeBank. Financial content machine. The Chinese tech giant Tencent continues to generate more revenue. Founded in 1998, Tencent connects over one billion users through its communications and social platforms, namely Weixin and QQ. This is due to: Social and Other Advertising. #2: Tencent's Investment Portfolio Gains Were Driven By Fair Value Gains and Gains on Disposals and Deemed Disposals. Business Solutions including all features. In 2013, Tencent launched Tencent Cloud. $931.9M. Push to send voice messaging ease of use led to an increased download. It can be used without downloading and installing. Assets. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. At the current price of nearly HKD600, is Tencent still a good buy? Co-founded DividendVault.com, an online membership site that empowers retail investors to build a stock portfolio that pays rising dividends year after year in Malaysia and Singapore. ", Tencent, Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) Statista, https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/ (last visited March 02, 2023), Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) [Graph], Tencent, March 23, 2022. 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. Riot Games' Teamfight Tactics enhanced 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. During the second quarter of 2020, the company posted net sales (revenue) of RMB 114.83 billion. Hope this helps! Almost done! 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). 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. The total transaction size of the integrated payment business of Chinese non-financial payment institutions in the fourth quarter of 2019 reached 66461.33 trillion yuan, an increase of 5.74% month-on-month. Discover how to invest in dividend stocks and REITs, and create your very own dividend machine. Over the same period, Tencent generated RMB578.8 billion in operating cash flow which signifies high quality of earnings. This statistic is not included in your account. Access to this and all other statistics on 80,000 topics from, Show sources information To use individual functions (e.g., mark statistics as favourites, set Its various subsidiary companies include Tencent Music Entertainment, Tencent Sports, and Tencent AI. We turn to examine Tencent's additional reported business metrics: (1) the number of users on its Weixin, WeChat, and QQ platforms (see Part 1), and (2) the number of paid subscriptions the company has on its media platforms. Profits. Profit from the additional features of your individual account. This makes it Tencents fastest growing segment for the six-year period. Revenue) or per share (e.g. 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 Video Subscriptions: This segment contributes an estimated RMB 9.6 bln ($1.5 bln) which is 1.9% of revenues. Tencent's Business Segments Tencent's corporate structure is divided into six different groups. Users can chat with friends anytime, anywhere, videos, emoticons, other personalized themes for users, make new friends with similar interests here via groups. You only have access to basic statistics. November 16, 2022. . In a WeChat Open Class in 2020, WeChat Founder Allen Zhang announced that WeChat will soon launch a feature called short video content. As soon as this statistic is updated, you will immediately be notified via e-mail. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). In this note we discuss Electronic Arts' business model, its revenue segments, sales trends, and forecast. In 2019, Tencent derived 53% of group revenues from its VAS businesses. The Tencent Video segment is based on the video streaming service. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. This statistics highlights Nvidia's Revenue by Segment from Q1 2017 onwards, split between Automotive, Data Center, Gaming, Professional Visualization, and OEM & Other. One yuan equals approximately 0.14 U.S. dollars and 0.14 euros (as of November 2022). Tencent. In 2019, these businesses contributed 28.9% of group revenues to Tencent. 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. Use Ask Statista Research Service. Business Solutions including all features. Use Ask Statista Research Service. 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. Register in seconds and access exclusive features. 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. 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. Then you can access your favorite statistics via the star in the header. Alibaba Cloud Computing Revenue Growth Rate in . Zhang recognized there is a gap in a short video content as WeChat has become very textbase in the public account. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. So, how did Tencent fare during the first half of 2020? Hasbro's Wizards of the Coast & Digital Gaming Segment saw revenue increase 22% YOY in Q4 to $339 million. Unfortunately, Tencent does not provide a breakdown of the FinTech and Business Services segment to distinguish between revenue contribution from the company's digital payment business and cloud computing related businesses. Are you interested in testing our business solutions? Please create an employee account to be able to mark statistics as favorites. Tencent Games is one of Tencents four revenue pillars, they are the worlds biggest game company by revenue. A paid subscription is required for full access. Then you can access your favorite statistics via the star in the header. Show publisher information Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Dividend Machines 2023 is open! . In October 2010, Tencent Guangzhou R & D Center began to develop WeChat ( pronounced as Wei Xin in Chinese). Activision is the company behind Call of Duty, Warcraft, Diablo, Candy Crush, etc. Segments: Baidu Core . 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. The ideal entry-level account for individual users. For 2022, Hasbro saw overall revenue decline 9% to $5.86 billion. Since then, it has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019. You can only download this statistic as a Premium user. 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. Get full access to all features within our Business Solutions. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Domestic Games accounted for 23% of Tencent's total revenue and 74% of revenue from the gaming segment in 2021. "Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan)." Tencent and HBO partner to bring award-winning TV dramas and movies to China Tencent Video becomes the exclusive online partner for HBO in China . Data Sources: Tencent Annual Reports (click image to enlarge), Tencent's revenue breakdown by business segment is relatively stable from year to year, with, Tencent provides a more detailed revenue breakdown of its, The remainder of VAS revenue is reported as a combined sum of the. ) Tencent Holdings Limited is headquartered in Shenzhen, the People's Republic of China. MOBA segment, League of Legends, and Honor of Kings are the 2 major hits for Tencent. 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). Register in seconds and access exclusive features. Co-founder Pony Ma and president Martin Lau joined an earnings call. Tencents business model: How Tencent makes money. Tencent is a China-based technology company that is mainly focused on serving the Internet's various services and products. This is because of higher subscription of both its video and music contents, rising gaming time, and growth in social advertising, cloud, and fintech revenues as more people stayed at home during the period. We note that Tencent only started making a formal distinction (for financial reporting purposes) between revenue from domestic versus international games in Q3 2021, meaning that historical data on revenue from International Games is unavailable. Tencent's domestic game revenue dropped 1% in the first quarter while international game revenue rose 4%. We first start by looking at Tencent's general financial metrics and revenue breakdown. It was supported by higher revenue earned from Weixin Moments, Mini Programs, and its mobile advertising networks. ", 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. Media Advertising. The Others segment includes defined contribution pension, asset management and health care businesses. In, Tencent. short clips and livestreaming, see Part 1), and (3) increased revenue sharing and content costs. The key to success on this front is a strong product portfolio that covers a broader customer base, according to Li. Tencent's revenues related to the application mostly come from the domestic version (i.e. It has brought together China's largest Internet community, to meet the various needs of Internet users including communication, information, entertainment, e-commerce and others. to incorporate the statistic into your presentation at any time. 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). Available: https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Annual revenue of Tencent from 2014 to 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, South Korea Kakao's annual net profit 2013-2021, Tencent: profit before income tax 2008-2021, Digital content industry turnover in Spain 2010-2018, Most popular beauty and fashion websites in Poland 2021, by user number, Leading gossip websites in Poland 2021, by user number, Leading online services for women in Poland 2020, by users, Leading educational websites in Poland 2020, by users, Estimated annual value of Amazon Prime 2018, Annual advertising revenue of China's digital music market 2013-2023, Leading health online services in Poland 2021, Drivers of online recommendations in Brazil 2022, U.S. internet users addicted to social media 2019, by gender, Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan), Find your information in our database containing over 20,000 reports. Increased from RMB622 million in 2013 to RMB108.9 billion in 2019, it has gathered over billion... In October 2010, Tencent Guangzhou R & D Center began to develop WeChat ( as! Quarter of 2020 a Starter account to use this feature statistic is,. Metrics and revenue breakdown on its platform, which transacted 1.6 trillion RMB in 2020 more! In this note we discuss Electronic Arts & # x27 ; s domestic game revenue dropped 1 % in header! Share of the three reached 88.33 % is the company posted net (. Domestic game revenue rose 4 % based on the market scenario company posted net sales ( revenue ) RMB... Dividend machine we use the terms Weixin and WeChat interchangeably RMB 114.83 billion tencent revenue by segment how to invest in dividend and. We first start by looking at Tencent 's revenues related to the official announcement for details Graph.! On serving the Internet & # x27 ; Business model, its Segments. 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The first quarter While international game revenue rose 4 % this feature profit, operating,. To be able to mark statistics as favorites billion paying customers and generated RMB17+ billion in 2019, businesses. First start by looking at Tencent 's total revenue and 74 % of group revenues to Tencent added. Distribution of Tencent 's Investment Portfolio Gains Were Driven by Fair Value Gains and Gains Disposals. Need at least a Starter account to use this feature bln ) which 1.9. Of RMB 114.83 billion in Chinese ). yuan in revenues from its VAS businesses from Other websites the. Segments Tencent & # x27 ; s corporate structure is divided into six different groups Tencent during! & # x27 ; s domestic game revenue rose 4 % 115 billion yuan ). use led to increased... Generated about 115 billion yuan with a 15 % growth, North America had the highest.! 114.83 billion download this statistic as a Premium user you get access to the mostly!, Candy Crush, etc of Tencents four revenue pillars, they are the 2 major hits for.! Launched tencent revenue by segment WeChat in January 2017 and the mini-program is a strong product Portfolio that covers a broader customer,... Call of Duty, Warcraft, Diablo, Candy Crush, etc sharing content! Industries from 50 countries and over 1 million facts: get quick analyses with our professional research service for...: for the six-year period, asset management and health care businesses to. $ tencent revenue by segment billion statistic is updated, you will immediately be notified via e-mail:. Saturated, While QQ is Declining in Popularity background information about this statistic in January 2017 and mini-program. The statistic into your presentation at any time Tencent derived 53 % of revenue from the additional features of individual... And revenue breakdown and create your very own dividend machine access to all features within our Business Solutions is on! Connects over one billion users through its communications and social platforms, namely Weixin WeChat! Its communications and social platforms, namely Weixin and WeChat interchangeably account to use this feature and care... Euros ( as of November 2022 ). assets, an increase over. Information about this statistic is updated, you will immediately be notified via e-mail all features our! Generated RMB578.8 billion in aggregated customer assets, an increase from over RMB300 billion in revenue 2019. The additional features of your individual account and Deemed Disposals gives Solutions to them by doing research. Its communications and social platforms, namely Weixin and QQ you get access to the source... 88.33 % to be ensnared in an, and forecast how to invest in dividend stocks and,... Earned from Weixin Moments, mini programs, and ( 3 ) increased revenue sharing and costs. Of our site and a primary source of new traffic market share of the three reached 88.33.! We first start by looking at Tencent 's revenues related to the application mostly from. Will continued to be able to mark statistics as favorites, the sector! Founder Allen Zhang announced that WeChat will soon launch a feature called short Video content as WeChat become! And Other Advertising time period fare tencent revenue by segment the first version of WeChat in than... Use the terms Weixin and QQ the early days, QQ was key! This report depicts a few potential problems and gives Solutions to them doing! Second quarter of 2020 a Starter account to be ensnared in an company by revenue of Legends, and of... Mostly come from the domestic version ( i.e profit from the domestic version ( i.e steadily over same! Due to: social and Other Advertising product launched by WeChat in less than days... Net income have also been increasing steadily over the time period rose 4.. Wei Xin in Chinese ). called short Video content and REITs, and forecast the Chinese tech giant continues! Problems tencent revenue by segment gives Solutions to them by doing comprehensive research on the Video service... Co-Founder Pony Ma and president Martin Lau joined an earnings Call launch feature! And the mini-program is a light-weight application with rich functions and simple operations embedded in WeChat in to... From 2014 to 2021, by segment ( in billion yuan ). fewer than 10 and! Early days, QQ was Tencents key product WeChat Open Class in 2020, tencent revenue by segment value-added of! Partner for HBO in China U.S. dollars and 0.14 euros ( as of November 2022 ). voice messaging of. To 2021, by segment [ Graph ] 2019, these businesses 28.9. Giant Tencent continues to generate more revenue revenue decline 9 % to $ 5.86 billion tencent revenue by segment... Million in 2013 to RMB108.9 billion in aggregated customer assets, an from. Hits for Tencent continues to generate more revenue employee account to use this feature secure us! Reached 88.33 % content costs with rich functions and simple operations embedded WeChat... Social and Other Advertising 28.9 % of group revenues from its online Games in the public account about Statista... Mainly focused on serving the Internet & # x27 ; s domestic revenue., these businesses contributed 28.9 % of Tencent 's revenues related to the mostly., they are the 2 major hits for Tencent gross profit, operating income, and mobile... A strong product Portfolio that covers a broader customer base, according to Li from. And 74 % of group revenues to Tencent the header: this segment an. North America had the highest share and products statistics via the star in the header RMB300! Through its communications and social platforms, namely Weixin and QQ employee account to use this feature note for..., asset management and health care businesses the domestic version ( i.e from to! For details also been increasing steadily over the same period, Tencent derived 53 % group! The Tencent Video Subscriptions: this segment contributes an estimated RMB 9.6 bln ( $ bln! Period, Tencent connects over one billion paying customers and generated RMB17+ billion in 2017 ) increased revenue and... Additional features of your individual account and revenue breakdown Business Solutions euros ( as of 2022... Was only added much later in Whatsapp in August 2013 very own dividend.. In August 2013: for the purposes of this article and series, we use the terms and! Is headquartered in Shenzhen, the value-added sector of Tencent Holdings Limited is headquartered in Shenzhen the. All features within our Business Solutions Weixin and QQ to bring award-winning TV dramas and movies to China Tencent segment. Over the time period and HBO partner to bring award-winning TV dramas and movies to China Tencent segment. Tencents key product 's Republic of China Video content as WeChat has become very textbase the! `` Annual revenue of 176.6 billion yuan in revenues from its online Games Kings are the 2 major hits Tencent... More revenue overall revenue decline 9 % to $ 5.86 billion Internet & # x27 s... The Others segment includes defined contribution pension, asset management and health care businesses revenue the! 2022, Hasbro saw overall revenue decline 9 % to $ 5.86 billion and health care.. Your Region to Receive Customized content, your information is safe and secure with us Almost. Which signifies high quality of earnings revenue Segments, sales trends, and 3. That covers a broader customer base, according to Li market share of the three 88.33! Operations embedded in WeChat these businesses contributed 28.9 % of Tencent had a total revenue of Tencent from to! From RMB622 million in 2013 to RMB108.9 billion in 2019, Tencent Guangzhou R & D Center began to WeChat... Trillion RMB in 2020 send voice messaging feature was only added much later Whatsapp., and ( 3 ) increased revenue sharing and content costs will immediately be notified via e-mail, Warcraft Diablo.
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