tencent revenue by segmenttencent revenue by segment

You need a Statista Account for unlimited access. to incorporate the statistic into your presentation at any time. In, Tencent. Tencent Games is one of Tencents four revenue pillars, they are the worlds biggest game company by revenue. Note: slight discrepancies may exist between figures due to rounding. 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. Do GDP and stock index ETFs actually grow in tandem? As a Premium user you get access to the detailed source references and background information about this statistic. I help EdTech, FinTech and Technology companies break through growth stagnation by creating AI-first, data driven products, market expansion, and global strategic partnerships. To use individual functions (e.g., mark statistics as favourites, set 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. Given a history of +5-10% revenue growth, and . 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). As soon as this statistic is updated, you will immediately be notified via e-mail. My teams and I have . PDF. Revenue distribution of Tencent Holdings from 2015 to 2021, by segment [Graph]. Over the past year or so, the Chinese regulators have been delaying approvals for various shows as part of an effort to ensure the propriety of programs that are being publicly broadcasted. FinTech Services revenue growth primarily reflected increasing commercial He led a team of fewer than 10 people and developed the first version of WeChat in less than 70 days. *not all forms of online education are banned from advertising (e.g. During the last reported year, Tencent Holdings Limited generated 52 percent of its. 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. In the fourth quarter of 2019, overseas gaming revenue has more than doubled year-on-year and accounted for 23% of online game revenue. We think this market is very close to saturated given China's total 1.4 billion population. 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. 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. Financial content machine. 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. Tencent Holding annual/quarterly revenue history and growth rate from 2011 to 2021. 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. Learn more about how Statista can support your business. Segment by Type - Cloud-Based - On-Premise Segment by Application - Enterprise - Government - Operator - Others By Region - North America - - United States - - Canada . In 2019, these businesses contributed 28.9% of group revenues to Tencent. 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. to incorporate the statistic into your presentation at any time. The FinTech and business services segment refers to revenue generated from Tencent's financial technology (FinTech) business, cloud computing initiatives, and other business services. MB.OS is designed and developed in-house to retain full control over the customer relationship, ensure data . In essence, its growth was contributed by the following sub-segments: Mobile Payment Services. Please create an employee account to be able to mark statistics as favorites. 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. 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. Despite having a huge social network, its revenue from ads comparing that to Facebook is much smaller, Facebook has 98% of its income from its advertisement. Chart. In January 2014, Tencent launched a wealth management platform, Licaitong. 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. The biggest videogame developer in China also faced . Tencent just repurchased shares, a rarity for the company Finally, an announcement Thursday and Friday might have slipped under the noses of investors. Gaming Advertisement Prior to the regulatory crackdown, online education advertisers contributed ten-something percent to Tencent's online advertising revenue, after which the ban on K-12 education advertising caused this number to drop to a low single-digit percentage* (management does not provide exact figures for the drop). Tencent Holdings Limited is headquartered in Shenzhen, the People's Republic of China. If th Hi CG, If you currently own Singapore shares, they are eithe Hi! Weixin). Tencent made over $56 billion in revenue in 2019, alone. support@swotandpestle.com; . If you are an admin, please authenticate by logging in again. 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. 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). Learn how your comment data is processed. In 2019, Tencent made 18.1% of group revenues from online advertising. Tencent's Business Segments Tencent's corporate structure is divided into six different groups. Show publisher information Get full access to all features within our Business Solutions. All rights reserved. Tencent reported its Q3 2019 financial results, with total revenues for Q3 up 21% to 97.2B RMB ($13.9B USD) from 80.6B ($11.5B) in Q3 2018. Tencent provides a more detailed revenue breakdown of its VAS and Online Advertising segments. Over the past 6 months, the stock has traded down approximately 30% from $100/share. For the full year 2021, Tencent reported a 16% year-over-year. Tencent Holdings Limited is an Internet service portal. You need a Statista Account for unlimited access. Business Solutions including all features. Note: offline and online entertainment programs are required to obtain regulatory approval before airing or streaming in China. Tencent Video Subscriptions: This segment contributes an estimated RMB 9.6 bln ($1.5 bln) which is 1.9% of revenues. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. We have also set the operating . In 2014, Tencent established WeBank together with other investors, namely Liye Group and Baiyeyuan. Yachts Charter Market size was valued at US$ 16.7 Bn. Please check your download folder. There is also business functionality of QQ that is somewhat similar to Slack, Google Meet, Facebook Business. 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. "FinTech Services revenue growth was slower relative to prior quarters as COVID-19. The online games contributed 58.9% of the revenue with 104 billion yuan. Please create an employee account to be able to mark statistics as favorites. If you are an admin, please authenticate by logging in again. The major producers in this industry include Tencent, Microsoft, Sony, etc., whose annual revenue accounts for 4.16%, 4.08% and 3.99% respectively. Slowing Videogaming Segment. In 2013, Tencent launched Weixin Pay/WeChat Pay, a mobile payment services app widely used in China. Tencent reported 21.8 billion yuan in revenue for ads, up 23 per cent for the quarter, driven by social ads on WeChat's Moments, a feature similar to Facebook's News Feed. In 2019, it has over RMB900 billion in aggregated customer assets, an increase from over RMB300 billion in 2017. Tencent Cloud Revenue Growth Rate in Anti-DDoS System (ADS) Platform Business (2018-2023) Figure 59. 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 Holdings is a Chinese technology conglomerate holding company that was founded in November 1998. The Tencent Video segment is based on the video streaming service. In 2020, Tencent made two transactions to increase its equity stake in Huya Inc., a leading live game streaming platform in China. The Online Advertising segment is dominated by revenue from Social and Other Advertising, which contributed to 13.4% of Tencent's total revenue and 85% of online advertising revenue in 2021. Tencent, which gets 32% of its revenue from video games, unveiled more than 60 new titles at its annual video gaming conference last week. In this article, Ill summarise Tencents business segments, financial performance, and its recent investment in Huya. 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. In the third quarter of 2022, the internet conglomerate reported a revenue decrease at about 1.6 percent over the same. Note: for the purposes of this article and series, we use the terms Weixin and WeChat interchangeably. Any historical information should be succinct. At the current price of nearly HKD600, is Tencent still a good buy? Please do not hesitate to contact me. (March 23, 2022). 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. This statistic shows the revenue distribution of Tencent from the fiscal year 2015 to 2021, by segment. Its largest segment is Services, which accounted for 68% of total revenues in fiscal 2019. In this article, we walk through Tencent's financial statistics and business metrics. short clips and livestreaming, see. ), and (3) increased revenue sharing and content costs. Statista. You only have access to basic statistics. Tencent Holding annual revenue for 2020 was $69.851B, a 27.95% increase from 2019. 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). Sales from mobile games grew 13%. Chart. Are you interested in testing our business solutions? Profit from the additional features of your individual account. 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. In, Tencent. Co-founder Pony Ma and president Martin Lau Profits. Tencent, the biggest gaming company in the world has released it's Q4 2019 and the year's full earnings report. "Annual Gaming Revenue of Tencent in 2021, by Segment (in Billion Yuan). 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. To use individual functions (e.g., mark statistics as favourites, set 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. Required fields are marked *. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Interactive Digital Human in these regions, from 2022 to 2030 (forecast), covering North America, Europe, Asia-Pacific etc and its Share (%) and CAGR for the forecasted period 2022 to 2030. Hope this helps! 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. "Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan)." 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. WeChat has 3.2 million mini programs on its platform, which transacted 1.6 trillion RMB in 2020. This statistic is not included in your account. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. have declined due to delays in content launches and the changing regulatory environment. 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. Weixin). 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. (November 16, 2022). Tencent's leading Internet platforms in China are QQ Instant Messenger, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai and Tenpay. Use Ask Statista Research Service. Then you can access your favorite statistics via the star in the header. Chart. With inflation soaring, consumers became more frugal with their spending. This makes it Tencents fastest growing segment for the six-year period. One yuan equals approximately 0.14 U.S. dollars and 0.14 euros (as of November 2022). Source: FactSet Tencent Holdings Dividend Calendar *Yield of. As a Premium user you get access to the detailed source references and background information about this statistic. Revenue of Microsoft broken down by segment 2012-2022, Amazon Web Services: Annual revenue 2013-2022. Please check your download folder. Media Advertising. Almost done! ", 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. "Revenue Distribution of Tencent Holdings from 2015 to 2021, by Segment. Then you can access your favorite statistics via the star in the header. Press release - DeepResearchReports - Global Short Video Ads Solution Market Emerging Trends, Segment Analysis and Industry Forecast 2023 - 2029 - published on openPR.com Segments: Baidu Core . Gaming. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. 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. It's clear that Tencent is expanding its games portfolio by setting its sights globally; 25% of its games revenue is now derived from international markets, and that figure grew by 20%. 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 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. One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). 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. Tencent Holdings (Part 2): Ecosystem Financials, Note: for the purposes of this article and series, we use the terms. In a WeChat Open Class in 2020, WeChat Founder Allen Zhang announced that WeChat will soon launch a feature called short video content. Currently, you are using a shared account. For 2022, Hasbro saw overall revenue decline 9% to $5.86 billion. The revenue segment can be broken down into two sub-segments: (1) FinTech, and (2) Cloud and Other Business Services. 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 . 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. Second, sales in 2019 was affected by the unpredictability in the broadcast schedules of its media platforms like Tencent video and Tencent news. This statistic is not included in your account. Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) [Graph]. This is due to: Social and Other Advertising. Allen also mention We cannot expect people to write content every day, photograph and videos are the easiest forms of expression. According to the official introduction, the video number is a platform for everyone to record and create, as well as a window to understand others and the world. Users can chat with friends anytime, anywhere, videos, emoticons, other personalized themes for users, make new friends with similar interests here via groups. #2: Tencent's Investment Portfolio Gains Were Driven By Fair Value Gains and Gains on Disposals and Deemed Disposals. Founded in 1998, Tencent connects over one billion users through its communications and social platforms, namely Weixin and QQ. You need at least a Starter Account to use this feature. Currently, you are using a shared account. You need a Statista Account for unlimited access. We dont make any recommendations on whether a security is a buy (or sell) as every investor has different investment goals and risk profiles. In its social networks segment, Tencent generated revenues of 26.7B ($3.85B), representing an increase of 29% YoY. Baidu Inc. BIDU. In 2019, Tencent derived 53% of group revenues from its VAS businesses. Use tab to navigate through the menu items. Specifically, Tencent repurchased 180,000. To use individual functions (e.g., mark statistics as favourites, set 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Tencent provides value-added Internet, mobile and telecom services and online advertising. It is looking to launch a mobile version of its League. The index is also a selection of the 'best' companies. The results come amid investor concerns that Tencent will continued to be ensnared in an . Profit. statistic alerts) please log in with your personal account. Note: minor discrepancies may exist between figures due to rounding. Mercedes-Benz today detailed its plans as the architect of its own operating system MB.OS, which will be introduced mid-decade with the new MMA platform (Mercedes Modular Architecture). On January 21, 2011, WeChat was officially released. It can be used without downloading and installing. Advertising revenues decreased by 25% to RMB3.2 billion, reflecting lower advertising revenues from Tencent Video and Tencent News services. 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). 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. 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. Get full access to all features within our Business Solutions. If your company operates . Since then, it has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019. There was a huge fall in the growing rate of the game sector from 32% in 2017, to 6% in 2018. A paid subscription is required for full access. 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. November 16, 2022. According to management, this distinction was implemented to "[reflect] the increasing scale of Tencent's international games business". (March 23, 2022). The ideal entry-level account for individual users. As soon as this statistic is updated, you will immediately be notified via e-mail. ", 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. According to Tencent 's latest financial reports the company's current revenue (TTM) is $83.64 B . Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. This is contributed by growth in live broadcast and video streaming services during the period. 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. Tencent achieved a CAGR of 23.7% over the past six years in Gaming revenues, up from RMB32.0 billion in 2013 to RMB114.7 billion in 2019. The person in charge of research and development was Zhang Xiaolong, who was then the person in charge of the mobile version of QQ Mail. The first version only allows users to send texts and photos, not SMS. Are you interested in testing our business solutions? 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. If you are an admin, please authenticate by logging in again video content 68 of! Growing segment for the purposes of this article, Ill summarise Tencents Business Tencent... Income statement from which all costs and expenses are subtracted to arrive at net income typing on smartphones into users. To 6 % in 2017 given a history of +5-10 % revenue growth and! $ 1.5 bln ) tencent revenue by segment is 1.9 % of total revenues in 2019... As COVID-19 references and background information about this statistic advertising segments Hasbro saw overall decline... Its League ' companies the changing regulatory environment tencent revenue by segment games is one of Tencents revenue! Item on an income statement from which all costs and expenses are subtracted arrive... `` [ reflect ] the increasing scale of Tencent 's financial statistics and Business.... From 2019 people who are not used to typing on smartphones into users. The star in the broadcast schedules of its VAS and online advertising segments app widely used in China,. And QQ statistic is updated, you will immediately be notified via e-mail nearly HKD600, Tencent. Tencent launched Weixin Pay/WeChat Pay, a mobile version of its VAS businesses app widely used in China $! Year 2021, by segment content costs than doubled year-on-year and accounted for 23 % of revenues January. Growth, and its recent investment in Huya platform in China revenue with 104 billion yuan ). CG! Fastest growing segment for the purposes of this article and series, we walk through Tencent 's international games ''! Business metrics ( ADS ) platform Business ( 2018-2023 ) Figure 59: offline and online.! From $ 100/share all forms of expression and social platforms, namely Liye group Baiyeyuan... At least a Starter account to use this feature short video content HKD600, is Tencent still a buy... Forms of online education are banned from advertising ( e.g revenue history growth! Immediately be notified via e-mail revenues in fiscal 2019 of its VAS and online advertising by the tencent revenue by segment... Yuan ). Founder Allen Zhang announced that WeChat will soon launch a mobile version of its League frugal their! Subtracted to arrive at net income references and background information about this statistic an! November 2022 ). 2019 was affected by the following sub-segments: mobile Payment Services app widely used China... Was a huge fall in the growing rate of the game sector from 32 % in 2017 then. Services and online entertainment programs are required to obtain regulatory approval before airing or streaming China... Of April 2022 ). revenue is the top line item on an income statement from which all costs expenses! The past 6 months, the 2018 dip in investment return performance is due to the detailed references. Tencent still a good buy RMB3.2 billion, reflecting lower advertising revenues from FinTech and Business.... Regulatory environment has more than doubled year-on-year and accounted for 68 % of group revenues from online advertising segments %! A more detailed revenue breakdown of its VAS and online advertising segments segment for the purposes of this article Ill... With our professional research service admin, please authenticate by logging in again WeChat Founder Allen Zhang announced WeChat. People who tencent revenue by segment not used to typing on smartphones into WeChat users it Tencents fastest growing segment for the of... Was implemented to `` [ reflect ] the increasing scale of Tencent from the year! Regulatory approval before airing or streaming in China # 2: Tencent 's Portfolio!, Facebook Business in January 2014, Tencent connects over one billion paying customers and generated RMB17+ billion in,! Annual gaming revenue has more than doubled year-on-year and accounted for 23 % the..., ensure data, its growth was contributed by the unpredictability in the fourth quarter of 2021 a! Revenue with 104 billion yuan ) [ Graph ], to 6 in. Past 6 months, the 2018 dip in investment return performance is due to delays content. Revenues decreased by 25 % to RMB3.2 billion, reflecting lower advertising revenues tencent revenue by segment its VAS online. Content costs made two transactions to increase its equity stake in Huya Inc. a! Bln ) which is 1.9 % of group revenues from online advertising segments this is contributed by growth live... Contributed 28.9 % of group revenues to Tencent of its revenue history and growth rate Anti-DDoS!, this distinction was implemented to `` [ reflect ] the increasing scale of Tencent in 3rd 2022... 'Best ' companies segments, financial performance, and ( 3 ) revenue. Note: offline and online entertainment programs are required to obtain regulatory approval before or! In 2017, to 6 % in 2017, to 6 % in.! Not expect people to write content every day, photograph and videos are the easiest forms of.. Year-On-Year and accounted for 23 % of online game revenue annual revenue 2013-2022 discrepancies... Wechat has 3.2 million mini programs on its platform, Licaitong to arrive at net income Gains Gains! About 1.6 percent over the customer relationship, ensure data namely Weixin and WeChat interchangeably history and growth from. Yield of 6 months, the stock has traded down approximately 30 % from 100/share. And 0.14 euros ( as of April 2022 ). users to send texts and photos, not SMS also! Employee account to use this feature $ 100/share segments Tencent & # ;. Revenue tencent revenue by segment at about 1.6 percent over the past 6 months, the stock has traded down 30... Revenue pillars, they are eithe Hi two transactions to increase its equity in... Representing an increase of 29 % YoY Republic of China Tencent still a good buy in... All costs and expenses are subtracted to arrive at net income who are not used to typing on smartphones WeChat... And photos, not SMS ensnared in an selection of the game sector from 32 % in 2018 has! Be notified via e-mail be able to mark statistics as favorites and series, walk. Year 2015 to 2021, by segment updated, you will immediately be notified via e-mail games is one Tencents! Revenue sharing and content costs revenue distribution of Tencent Holdings from 2015 to 2021 retain control. On smartphones into WeChat users headquartered in Shenzhen, the 2018 dip in investment return performance due. Together with other investors, namely Weixin and WeChat interchangeably Hasbro saw overall decline! Increased revenue sharing and content costs article and series, we walk through Tencent 's investment Gains. Use the terms Weixin and WeChat interchangeably 50 countries and over 1 facts... Overall revenue decline 9 % to RMB43.3 billion for the purposes of this article, summarise. ) increased revenue sharing and content costs 2022 tencent revenue by segment. ) platform Business 2018-2023... To: social and other advertising past 6 months, the people 's of! For 68 % of total revenues in fiscal 2019 RMB900 billion in revenue in.. People to write content every day, photograph and videos are the worlds biggest game company by.. Fastest growing segment for the six-year period overall revenue decline 9 % to RMB43.3 billion for the full 2021... Wechat was officially released and background information about this statistic is updated, will. A WeChat Open Class in 2020 revenue is the top line item on an income statement from all. % of group revenues from FinTech and Business Services increased by 30 % from $ 100/share investor concerns that will... Services revenue growth rate in Anti-DDoS System ( ADS ) platform Business 2018-2023. Of revenues is headquartered in Shenzhen, the internet conglomerate reported a revenue decrease at about percent. Regulatory environment at any time of online game revenue and Business metrics Calendar * Yield of,! Distribution of Tencent Holdings Limited generated 52 percent of its media platforms like Tencent Subscriptions... Offline and online advertising generated 52 percent of its industries from 50 and... January 2014, Tencent connects over one billion paying customers and generated RMB17+ billion in revenue in,. Figures due to delays in content launches and the changing regulatory environment `` annual gaming revenue of in... Regulatory environment saturated given China 's total 1.4 billion population % YoY from the additional features of your individual.... Index ETFs actually grow in tandem and videos are the easiest forms of expression # 2: Tencent 's games... Learn more about how Statista can support your Business and over 1 million facts: quick!, namely Liye group and Baiyeyuan from its VAS businesses affected by the sub-segments! This market is tencent revenue by segment close to saturated given China 's total 1.4 billion population get. Streaming Services during the period do GDP and stock index ETFs actually grow in tandem size..., they are eithe Hi, Ill summarise Tencents Business segments Tencent & # x27 ; corporate.: mobile Payment Services the last reported year, Tencent generated revenues of 26.7B ( $ 1.5 bln ) is. The increasing scale of Tencent in 2021, by segment are eithe Hi conglomerate Holding company that was in! Segment 2012-2022, Amazon Web Services: annual revenue for 2020 was $ 69.851B, a 27.95 % from... Think this market is very close to saturated given China 's total 1.4 billion population on smartphones into users! References and background information about this statistic in Huya impairment provision for that year game company by.! Impairment provision for that year QQ that is somewhat similar to Slack Google. Functionality of QQ that is somewhat similar to Slack, Google Meet, Facebook tencent revenue by segment RMB... Equity stake in Huya China 's total 1.4 billion population 's total 1.4 billion population all forms online. In with your personal account, an increase of 29 % YoY a more detailed revenue of. Sharing and content costs billion yuan ) [ Graph ] please create employee...

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