This statistic is not included in your account. Please create an employee account to be able to mark statistics as favorites. Tencent Holdings Limited is an Internet service portal. Tencent Cloud Revenue Growth Rate in Anti-DDoS System (ADS) Platform Business (2018-2023) Figure 59. Since then, it has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019. So, how did Tencent fare during the first half of 2020? The ideal entry-level account for individual users. As mentioned in Part 1, the VAS segment is broken down into: (1) domestic games, (2) international games, (3) communication and social, and (4) digital content, while the Online Advertising segment comprises of the two sub-segments: (1) social and other advertising, and (2) media advertising. $123.3B. Social Network. to incorporate the statistic into your presentation at any time. As a Premium user you get access to the detailed source references and background information about this statistic. You need at least a Starter Account to use this feature. 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. Tencent's revenue from the videogame business fell 1% YoY in the quarter ended June 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. reported fourth-quarter FY21 revenue growth of 9% year-on-year to $5.19 billion, beating the consensus of $5.09 billion. PDF. 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. It can be used without downloading and installing. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. In 2021, Tencent recorded total revenue of RMB560.1 billion and operating income of RMB271.6 billion, *Operating income is higher than gross profit in 2021 due to high net other gains of RMB149 billion, approximately half of which comprises of a gain on deemed disposal of JD Group, #2: Value-Added Services Account For Half Of Tencent's Revenues. The results come amid investor concerns that Tencent will continued to be ensnared in an . The Chinese. short clips and livestreaming, see. Tencent attained a CAGR of 36.8% over the past six years in Social Network revenue, up from RMB13.0 billion in 2013 to RMB85.3 billion in 2019. 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). Tesla). Its online games Honour of Kings, PUBG Mobile, and. 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. In the third quarter of 2022, the internet conglomerate reported a revenue decrease at about 1.6 percent over the same. We dont make any recommendations on whether a security is a buy (or sell) as every investor has different investment goals and risk profiles. This is due to: Social and Other Advertising. Domestic Games accounted for 23% of Tencent's total revenue and 74% of revenue from the gaming segment in 2021. 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. The fall in sales was attributable to two main factors. Register in seconds and access exclusive features. Please check your download folder. The first version only allows users to send texts and photos, not SMS. Statista. Get full access to all features within our Business Solutions. Revenue distribution of Tencent Holdings from 2015 to 2021, by segment [Graph]. 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. WeBank is a privately-owned digital bank located in Shenzhen which offers retail and SME customers savings, loans, and investment services in China. As a Premium user you get access to the detailed source references and background information about this statistic. 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). It was supported by higher revenue earned from Weixin Moments, Mini Programs, and its mobile advertising networks. Are you interested in testing our business solutions? March 23, 2022. The company generated a net income of 21B ($2.99B) for the period, down 10% from 23.4B ($3.32B) in the same period in the previous year. Tencent has in recent years spent heavily on making original content and licensing programs as it competes with Baidu's iQiyi video streaming . FinTech Services revenue growth primarily reflected increasing commercial Tencent Holding annual revenue for 2021 was $86.818B, a 24.29% increase from 2020. Tencent reported its slowest quarterly revenue growth on record in the fourth quarter of 2021. We discuss the impact of other regulatory changes further in Part 3 . Founded in 1998, Tencent connects over one billion users through its communications and social platforms, namely Weixin and QQ. . Its various subsidiary companies include Tencent Music Entertainment, Tencent Sports, and Tencent AI. First, revenues in 2018 was boosted by its broadcasting of the FIFA World Cup in Russia. #2: Fee-Based VAS Subscriptions Grew 75.6% Over The Past Five Years. Tencent's leading Internet platforms in China are QQ Instant Messenger, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai and Tenpay. Available: https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Revenue of Tencent in 3rd quarter 2022, by segment, Available to download in PNG, PDF, XLS format, Canada: number of social media users 2018-2027, Canada: social network penetration 2018-2027, Canada: yearly growth of social media users 2020-2022, Canada market share of leading social media websites 2022, Canada mobile social media visit share 2022, Leading iPhone social media apps in Canada 2022, by downloads, Leading Android social media apps in Canada 2022, by downloads, Canada: preferred social networks Q3 2021, Social media usage by platform type in Canada 2022, Social network usage by brand in Canada 2022, Social network usage by frequency in Canada 2022, Canada: time spent social media 2020-2022, Canada: distribution of social media audiences 2021, by age and gender, Leading social networks used for news in Canada 2019-2022, Canada: Meta audiences in 2022, by age and gender, Canada: number of Facebook users 2018-2027, Canada: Facebook usage penetration 2018-2027, Canada: Facebook pages user engagement rate 2021, by type of post, Canada: Facebook Messenger users 2022, by age group, Canada: Facebook Messenger users 2022, by gender, Canada: distribution of TikTok audiences 2022, by age group, Canada: distribution of TikTok audiences 2022, by gender, Twitter: distribution of Canadian audiences 2021, by gender, Most popular Twitter profiles from Canada 2021, by audience, Most popular brands on Twitter in Canada 2021, by audience, Snapchat: distribution of Canadian audiences 2022, by gender, Canada: Instagram users 2022, by age group, Digital advertising spending in North America 2022, by country, Digital Market Outlook: social media ad spend in Canada 2017-2026, by device, Expected Facebook influencers earnings in Canada, the UK & the U.S. 2021, Most popular brands on Facebook in Canada 2021, by audience, Canada: views on selected social media platforms 2021, Canada: opinions on governmental supervision of Meta Platforms 2021, Canada: belief in Facebook whistleblower claims 2021, by age group, Canada and the U.S. belief in Facebook whistleblower claims 2021, Canada: Facebook impact on quality of life 2021, Canada: social media regulation of hate speech 2021, Canada: impact of social media on debate and opinions exchange 2021, Social media marketing spending in the U.S. 2014-2019, Survey on the usage time of computer games among children in Germany 2016, Online content smartphone users read or view most often Japan 2019, by age group, Social network ad spend per user in the Middle East & Africa 2013-2016, Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan), Find your information in our database containing over 20,000 reports. As a Premium user you get access to background information and details about the release of this statistic. Tencent achieved a 10-year CAGR of 40.7% and 33.6% in its group revenues and shareholders earnings respectively. #1: Tencent's Investment Portfolio Generated Increasing Returns Year Over Year. As of 2019. 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. the user can follow the business page and do not need to download the mini program. 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. Are you interested in testing our business solutions? Tencent's revenues related to the application mostly come from the domestic version (i.e. Quarterly revenue from online advertising slumped 13%, while its fintech and business services segment saw a 25% topline growth. Segments: Baidu Core . In this note we discuss Electronic Arts' business model, its revenue segments, sales trends, and forecast. #1: The Weixin/WeChat Market Is Saturated, While QQ is Declining in Popularity. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. 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. Tencent Holdings is a Chinese technology conglomerate holding company that was founded in November 1998. By region, North America had the highest share . 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 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. 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. Revenue from this segment grew 1% year-on-year to 42.2 billion yuan, a slowing from the quarter before. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Tencent's Business Segments Tencent's corporate structure is divided into six different groups. As a result, shareholders earnings have increased from RMB5.2 billion in 2009 to RMB93.3 billion in 2019. Tencent's VAS comprise two sub-segments - Gaming and Social Network. The mini-programs are only within WeChat. 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). Need help with Tencent SWOT & PESTLE Analysis? The carmaker estimates sales in the segment of between 1.4 million and 1.5 million units this year, including gas-powered and electrified crossovers, with a price range of RMB 300,000 to RMB 500,000 ($43,205 to $72,009). In contrast, International Games accounted for 8.1% of total revenue and 26% of gaming segment revenue the same year. Successful WeChat Mini Programme. Tencent provides value-added Internet, mobile and telecom services and online advertising. You can only download this statistic as a Premium user. 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. Co-founder Pony Ma and president Martin Lau Cite your source. Revenue growth in its fintech and business services segment slowed to 10% in the first . In 2021, Tencent recorded total revenue of RMB560.1 billion and operating income of RMB271.6 billion 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. Over the past 6 months, the stock has traded down approximately 30% from $100/share. Any historical information should be succinct. 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. 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 . If your company operates . Regular host and presenter of a weekly financial webinar with KCLau.com. Impact of Chinas reopening on Singapore REITs, Top 3 Hong Kong REITs that made you money if you invested from their IPOs (Updated 2023). ", 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. "Revenue distribution of Tencent Holdings from 2015 to 2021, by segment." To use individual functions (e.g., mark statistics as favourites, set Your email address will not be published. Then you can access your favorite statistics via the star in the header. I help EdTech, FinTech and Technology companies break through growth stagnation by creating AI-first, data driven products, market expansion, and global strategic partnerships. Access to this and all other statistics on 80,000 topics from, Show sources information Nice to finally get a bit of clarity into how the mysterious 'others' revenue segment is broken down. . The revenue segment can be broken down into two sub-segments: (1) FinTech, and (2) Cloud and Other Business Services. I'm especially curious if anyone particularly loves/hates this at $67/share. 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. Push to send voice messaging ease of use led to an increased download. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. If you are an admin, please authenticate by logging in again. 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. We discuss the impact of other regulatory changes further in, Unfortunately, Tencent does not provide a breakdown of the, 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. 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. support@swotandpestle.com; . [Online]. 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. 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. Valuable information is provided here about a particular market segment according to product type, application, region type, and end user. Copyright 2023 The Fifth Person. 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. 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. The overview should not exceed half a page double-spaced. You can only download this statistic as a Premium user. In, Tencent. Statista. You only have access to basic statistics. The segment accounts for about 42% of Nvidia's total revenue.. ", 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. As a Premium user you get access to the detailed source references and background information about this statistic. Saturated, while QQ is Declining in Popularity all features within our business Solutions a slowing from domestic. Of $ 5.09 billion Cloud revenue growth primarily reflected increasing commercial Tencent Holding annual revenue for was! End user webinar with KCLau.com to incorporate the statistic into your presentation at any.. 2018-2023 ) Figure 59 growth on tencent revenue by segment in the header overview should not exceed half a page double-spaced results amid. 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