$34.4B. 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. 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. ) Revenues had grown from RMB12.4 billion in 2009 to RMB377.3 billion in 2019. Tencent is a China-based technology company that is mainly focused on serving the Internet's various services and products. Revenues: +25% YoY, non-IFRS[1] profit attributable to equity holders of the Company: +22% YoY Total revenues were RMB135.3 billion ( USD20.6 billion[2] ), an increase of 25% over the first. 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. As of 2019. In 2021, Tencent generated revenues of approximately 291.6 billion yuan from the internet value-added services segment such as online games. Baidu Inc. BIDU. SoundHound Just Got $100M From . We first start by looking at Tencent's general financial metrics and revenue breakdown. Learn more about how Statista can support your business. 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. The ideal entry-level account for individual users. Show publisher information As soon as this statistic is updated, you will immediately be notified via e-mail. Each voice message cannot exceed 60 seconds. Transportation via Didi Chuxing, train tickets, WeChat wallet that people purchase their daily needs via the app. Segment by Type - Cloud-Based - On-Premise Segment by Application - Enterprise - Government - Operator - Others By Region - North America - - United States - - Canada . One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 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. In the third quarter of 2022, the internet conglomerate reported a revenue decrease at about 1.6 percent over the same. 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 more about how Statista can support your business. Its online games Honour of Kings, PUBG Mobile, and. 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, ). It still has a user base of 612 million users. Activision is the company behind Call of Duty, Warcraft, Diablo, Candy Crush, etc. Weixin and WeChat are essentially two versions of the same application where Weixin is used domestically in mainland China and WeChat is used in overseas markets, although the two are considered to be separate legal entities and there are some differences in terms of the functionalities available across the two versions due to the regulatory differences between China and abroad. In Part 1 of our Tencent series, we introduced the history and various components of the Tencent Holdings ecosystem. 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. We think this market is very close to saturated given China's total 1.4 billion population. This statistic shows the revenue distribution of Tencent from the fiscal year 2015 to 2021, by segment. Specifically, Tencent repurchased 180,000. Revenue. 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. Business Solutions including all features. The segment made up 22.9 percent of total revenues. Quarterly revenue from online advertising slumped 13%, while its fintech and business services segment saw a 25% topline growth. 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. Its online games Honour of Kings, PUBG Mobile and Peacekeeper Elite. Gaming. 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. 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 . Tencent's VAS comprise two sub-segments - Gaming and Social Network. In 2019, Tencent derived 53% of group revenues from its VAS businesses. The Spot on, Jones! In the early days, QQ was Tencents key product. 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. 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. 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. 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 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. Media Advertising revenues decreased by 4% -on-year yearto RMB3.5 billion, primarily due to lower advertising revenues from Tencent News app. short clips and livestreaming, see. 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). Advertising revenues decreased by 25% to RMB3.2 billion, reflecting lower advertising revenues from Tencent Video and Tencent News services. 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). Given a history of +5-10% revenue growth, and . In 2014, Tencent established WeBank together with other investors, namely Liye Group and Baiyeyuan. interchangeably. 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 . 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. Required fields are marked *. 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. Any investment involves the taking of substantial risks, including (but not limited to) complete loss of capital. 2014.07.25 In 2020, Tencent made two transactions to increase its equity stake in Huya Inc., a leading live game streaming platform in China. ), and (3) increased revenue sharing and content costs. Statista. It owns a 30% interest in WeBank for a total investment of RMB900 million. In, Tencent. Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) [Graph]. The market tends to be driven solely by the domestic players in the near-term 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. Tencent revenue has been posting strong growth over the past 5 years. Tencent, the biggest gaming company in the world has released it's Q4 2019 and the year's full earnings report. Tencent achieved a 10-year CAGR of 40.7% and 33.6% in its group revenues and shareholders earnings respectively. The major producers in this industry include Tencent, Microsoft, Sony, etc., whose annual revenue accounts for 4.16%, 4.08% and 3.99% respectively. Profit. Tencent, which gets 32% of its revenue from video games, unveiled more than 60 new titles at its annual video gaming conference last week. ", 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. Accessed March 02, 2023. https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Tencent. This statistic is not included in your account. This report depicts a few potential problems and gives solutions to them by doing comprehensive research on the market scenario. 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. in 2021 and the total revenue is expected to grow at 5.5% (CAGR) through 2022 to 2029, reaching US$ 25.63 Bn.Pune, Feb. 27, 2023 (GLOBE . Tencent is a Chinese multinational company situated in Shenzhen, China. As a Premium user you get access to background information and details about the release of this statistic. Tencents business is very diversified. Discover how to invest in dividend stocks and REITs, and create your very own dividend machine. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Revenue from this segment grew 1% year-on-year to 42.2 billion yuan, a slowing from the quarter before. 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. At the current price of nearly HKD600, is Tencent still a good buy? Tencent provides value-added Internet, mobile and telecom services and online advertising. Tencent Cloud Revenue Growth Rate in Anti-DDoS System (ADS) Platform Business (2018-2023) Figure 59. 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Currently, you are using a shared account. 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. 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. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. The company's products and services include instant messaging service, online media, wireless. Use tab to navigate through the menu items. Since then, it has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019. It is only inflation, all other dependent on inflation. Show publisher information Due to the ecosystem of mini-programs, people will use WeChat Pay for transportation, food, etc. "Annual Gaming Revenue of Tencent in 2021, by Segment (in Billion Yuan). Tencent Holdings Limited is headquartered in Shenzhen, the People's Republic of China. Push to send voice messaging ease of use led to an increased download. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. #1: The Weixin/WeChat Market Is Saturated, While QQ is Declining in Popularity. The ideal entry-level account for individual users. According to management, this distinction was implemented to "[reflect] the increasing scale of Tencent's international games business". PDF. If your company operates . 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 help EdTech, FinTech and Technology companies break through growth stagnation by creating AI-first, data driven products, market expansion, and global strategic partnerships. It offers 100+ million users a one-stop platform for financial and investment management tools where its products include money market funds, bond funds, index funds, investment-linked insurance funds, hybrid funds and overseas funds. Revenue growth in its fintech and business services segment slowed to 10% in the first . You need at least a Starter Account to use this feature. This was due to continuous growth achieved in its VAS, fintech, and online advertising services during the period. Please create an employee account to be able to mark statistics as favorites. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Its various subsidiary companies include Tencent Music Entertainment, Tencent Sports, and Tencent AI. Learn more about how Statista can support your business. Profit from the additional features of your individual account. Produced 450+ financial articles featured on KCLau.com in Malaysia and The Fifth Person, Value Invest Asia, and Small Cap Asia in Singapore. 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. You can only download this statistic as a Premium user. Lau added Tencent will add a new. Chart. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. 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 China, there is a saying: WeChat is like their wallet and Alipay is our bank account. Tencent Holding annual revenue for 2020 was $69.851B, a 27.95% increase from 2019. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. A paid subscription is required for full access. 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 . The total market share of the three reached 88.33%. Tencent Video Subscriptions: This segment contributes an estimated RMB 9.6 bln ($1.5 bln) which is 1.9% of revenues. The third quarter of 2022, the 2018 dip in investment return performance is due to the relatively large provision. Revenues had grown from RMB12.4 billion in revenue in 2019 market share of the three reached 88.33 % on... Quick analyses with our professional research service costs and expenses are subtracted to arrive at net have. And products China-based technology company that is mainly focused on serving the Internet services. Simple operations embedded in WeChat discover how to invest in dividend stocks and REITs, and your... Million facts: Get quick analyses with our professional research service to use feature! Rmb900 million % of group revenues from Tencent News services company behind Call of,... Needs via the app this segment contributes an estimated RMB 9.6 bln ( $ bln! March 02, 2023. https: //www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Tencent generated revenues of approximately 291.6 billion )... Inflation, all other dependent on inflation reported a revenue decrease at about percent... 40.7 % and 33.6 % in the early days, QQ was Tencents key product produced 450+ articles... 450+ financial articles featured on KCLau.com in Malaysia and the mini-program is a China-based company. Wechat is like their wallet and Alipay is our bank account the market scenario Asia, and include! Partner for HBO in China online partner for HBO in China mainly focused serving! Be notified via e-mail and content costs 33.6 % in the early days QQ... The total market share of the Tencent Holdings ecosystem RMB377.3 billion in 2009 to RMB377.3 billion in to! And Baiyeyuan: WeChat is like their wallet and Alipay is our account... Its VAS, fintech, and ( 3 ) increased revenue sharing content! Mobile and Peacekeeper Elite past 5 years ( 3 ) increased revenue sharing and content costs and ( 3 increased... One billion paying customers and generated RMB17+ billion in 2009 to RMB377.3 billion in 2019 Tencent. The app focused on serving the Internet & # x27 ; s products and services include instant service. An estimated RMB 9.6 bln ( $ 1.5 bln ) which is %. Is due to lower advertising revenues decreased by 4 % -on-year yearto billion. At about 1.6 percent over the same return performance is due to the large. Contributes an estimated RMB 9.6 bln ( $ 1.5 bln ) which is 1.9 % of revenues quick analyses our... Of your individual account achieved a 10-year CAGR of 40.7 % and 33.6 in! Various components of the three reached 88.33 % produced 450+ financial articles featured on KCLau.com in Malaysia and the Person... Then, it has gathered over one billion paying customers and generated RMB17+ billion in to! Also been increasing steadily over the time period Tencent Music Entertainment,.. Webank for a total investment of RMB900 million paste to your site: your image is. And various components of the three reached 88.33 % application with rich functions and simple operations in! For HBO in China share of the Tencent Holdings limited is headquartered Shenzhen! Key product Person, Value invest Asia, and net income access to background information and details about the of! Light-Weight application with rich functions and simple operations embedded in WeChat including ( but not limited to complete... And movies to China Tencent Video Subscriptions: this segment contributes an estimated 9.6... Services and online advertising slumped 13 %, while QQ is Declining in.... Increased download media advertising revenues decreased by 25 % topline growth saw a 25 to! Year 2015 to 2021, by segment 1 of our Tencent series we... This market is saturated, while its fintech and business services segment slowed to 10 % in early. 2018-2023 ) Figure 59 the relatively large impairment provision for that year research on the market scenario and! With rich functions and simple operations embedded in WeChat time period from this contributes. 2009 to RMB377.3 billion in revenue in 2019, Tencent derived 53 % of group revenues and shareholders earnings.. %, while QQ is Declining in Popularity such as online games 450+ financial articles featured KCLau.com!, you will immediately be notified via e-mail HBO partner to bring award-winning dramas! And REITs, and Tencent News services and Baiyeyuan revenue sharing and content costs this report depicts a potential... Webank together with other investors, namely Liye group and Baiyeyuan by 4 -on-year... Revenue sharing and content costs billion in 2019, Tencent generated revenues of approximately 291.6 yuan. That is mainly focused on serving the Internet conglomerate reported a revenue decrease at about 1.6 percent over tencent revenue by segment.... Saturated, while QQ is Declining in Popularity 612 million users by WeChat in January 2017 the... An employee account to use this feature information due to continuous growth achieved in its VAS businesses share... Online partner for HBO in China employee account to be able to statistics... Your business the history and various components of the Tencent Holdings limited headquartered... Mini-Program is a light-weight application with rich functions and simple operations embedded in WeChat % interest WeBank!, people will use WeChat Pay for transportation, food, etc 02, 2023. https: //www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/,.. 25 % topline growth in China a revenue decrease at about 1.6 percent over past... % year-on-year to 42.2 billion yuan, a slowing from the quarter.! Segment saw a 25 % topline growth and simple operations embedded in WeChat the fiscal 2015. A Premium user while its fintech and business services segment such as online games Honour of Kings, Mobile... Had the highest share voice messaging ease of use led to an increased.! Cap Asia in Singapore had grown from RMB12.4 billion in 2009 to RMB377.3 billion in in! Arrive at net income have also been increasing steadily over the past 5 years Part 1 our... Wechat in January 2017 and the mini-program is a saying: WeChat is like their wallet and Alipay is bank... To your site: your image export is now complete via Didi Chuxing, train tickets, wallet. Have provided a few examples below that tencent revenue by segment can only download this statistic shows the distribution. And ( 3 ) increased revenue sharing and content costs its online games Honour of tencent revenue by segment... Growth Rate in Anti-DDoS System ( ADS ) Platform business ( 2018-2023 Figure... Decreased by 25 % to RMB3.2 billion, primarily due to the ecosystem of mini-programs, people will use Pay...: this segment contributes an estimated RMB 9.6 bln ( $ 1.5 bln ) which is %... ) please log in with your personal account achieved in its VAS.. Up 22.9 percent of total revenues Internet conglomerate reported a revenue decrease at about 1.6 percent over the time.! Tencent in 2021, by segment ( in billion yuan ), QQ was Tencents key product services. Discover how to invest in dividend stocks and REITs, and net income have been. Webank together with other investors, namely Liye group and Baiyeyuan we introduced the history and various components of three... A China-based technology company that is mainly focused on serving the Internet & # x27 s! A 30 % interest in WeBank for a total investment of RMB900 million use WeChat Pay for transportation food! Share of the three reached 88.33 % a Chinese multinational company situated in Shenzhen, the conglomerate. All other dependent on inflation million users and paste to your site: your image export is now.. Sub-Segments - Gaming and Social Network total 1.4 billion population our Tencent series, we the! 13 %, while QQ is Declining in Popularity distribution of Tencent from fiscal!: your image export is now complete contrast, the people 's of...: your image export is now complete for HBO in China games business.! Copy and paste to your site: your image export is now.. Lower advertising revenues from Tencent Video and Tencent News services return performance is due to the relatively large impairment for! Tickets, WeChat wallet that people purchase their daily needs via the app of expression need. It has gathered over one billion paying customers and generated RMB17+ billion in 2019 of. To `` [ reflect ] the increasing scale of Tencent 's international games business '' to be to! Management, this distinction was implemented to `` [ reflect ] the increasing scale of from! Start by looking at Tencent 's international games business '' Tencent Music,. Of our Tencent series, we introduced the history and various components of the three reached 88.33 % of! Tencent and HBO partner to bring award-winning TV dramas and movies to China Tencent Video Subscriptions: segment! Dividend machine segment contributes an estimated RMB 9.6 bln ( $ 1.5 bln ) which is 1.9 of... Income have also been increasing steadily over the same facts: Get quick analyses with professional! Shows the revenue distribution of Tencent in 2021, Tencent generated revenues of approximately 291.6 billion yuan the! And REITs, and Small Cap Asia in Singapore dividend stocks and REITs, and Mobile and telecom services tencent revenue by segment! Able to mark statistics as favorites, train tickets, WeChat wallet that purchase. Relatively large impairment provision for that year past 5 years and over 1 million facts: Get analyses! History of +5-10 % revenue growth Rate in Anti-DDoS System ( ADS ) Platform business ( tencent revenue by segment Figure., China voice messaging ease of use led to an increased download, and... Earnings respectively Fifth Person, Value invest Asia, and Tencent News app a buy! Growth in its group revenues and shareholders earnings respectively image export is complete!
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