tencent revenue by segment
The Chinese giant reported continued growth in its Q4 and full-year financial results, which is expected.Total Q4 2019 generated revenue is RMB 106 billion ($15.2 billion), up 25% year-over-year. Tencent Holding annual revenue for 2020 was $69.851B, a 27.95% increase from 2019. short clips and livestreaming, see Part 1), and (3) increased revenue sharing and content costs. ", Tencent, Revenue distribution of Tencent Holdings from 2015 to 2021, by segment Statista, https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/ (last visited March 02, 2023), Revenue distribution of Tencent Holdings from 2015 to 2021, by segment [Graph], Tencent, March 23, 2022. Co-founder Pony Ma and president Martin Lau joined an earnings call. Tencent's gross profit has remained relatively stable with a slight decline over the past five years due to: (1) a shift in revenue mix from the higher-margin gaming businesses towards lower margin businesses such as digital content subscriptions, livestreaming services, and cloud-related business services, (2) continued investments in strategic areas, particularly infrastructure and bandwidth to support the rapid growth of the company's video account services (e.g. This voice messaging feature was only added much later in Whatsapp in August 2013. in 2021 and the total revenue is expected to grow at 5.5% (CAGR) through 2022 to 2029, reaching US$ 25.63 Bn.Pune, Feb. 27, 2023 (GLOBE . If your company operates . Enter your email address to receive FREE weekly investment insights, stock analysis, case studies & more! WeChat wants to empower everyone to create content. Tencents business model: How Tencent makes money. Show publisher information The FinTech and business services segment refers to revenue generated from Tencent's financial technology (FinTech) business, cloud computing initiatives, and other business services. Licaitong. Tencent Grows Online Gaming Revenues By 45% Year-Over-Year The annual growth in online gaming revenues marks the third consecutive quarter for this year in which the segment has. "Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan)." #3: Domestic Games Contributed To Nearly A Quarter Of Tencent's Total Revenues, In Contrast To 8.1% For International Games. PDF. 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. Baidu Inc. BIDU. Chart. Business Solutions including all features. Currently, you are using a shared account. Co-founder Pony Ma and president Martin Lau 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. The company disclosed the figures related to its fintech and business service revenue for the first time in its 2019 financial report with restated 2018 figures. Currently, you are using a shared account. Any historical information should be succinct. 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. Learn more about how Statista can support your business. Alibaba Cloud Computing Revenue Growth Rate in . 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. . You need at least a Starter Account to use this feature. Please do not hesitate to contact me. 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. Management points out a general increasing trend in advertiser demand for the Weixin platform, while advertising revenue from Tencent's media platforms (e.g. 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. Lastly, we examine Tencent's investment portfolio. Chart. 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). Copyright 2023 The Fifth Person. Notify me of follow-up comments by email. The online games contributed 58.9% of the revenue with 104 billion yuan. Users can chat with friends anytime, anywhere, videos, emoticons, other personalized themes for users, make new friends with similar interests here via groups. The remainder of VAS revenue is reported as a combined sum of the Communication and Social and Digital Content sub-segments which together comprise 21% of total revenue. 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. Hasbro's Wizards of the Coast & Digital Gaming Segment saw revenue increase 22% YOY in Q4 to $339 million. 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. As soon as this statistic is updated, you will immediately be notified via e-mail. For businesses who need money for cash flow, and also those who need a home loan, you can get it through QQ at rong360 in China. Learn more about how Statista can support your business. The Spot on, Jones! 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. to incorporate the statistic into your presentation at any time. 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, ). Accessed March 02, 2023. https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Tencent. SoundHound Just Got $100M From . FinTech Services revenue growth primarily reflected increasing commercial 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. ", 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. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Media Advertising revenues decreased by 4% -on-year yearto RMB3.5 billion, primarily due to lower advertising revenues from Tencent News app. 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. Please do not hesitate to contact me. As soon as this statistic is updated, you will immediately be notified via e-mail. As a Premium user you get access to background information and details about the release of this statistic. Then you can access your favorite statistics via the star in the header. 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. Learn more about how Statista can support your business. Tencent's VAS comprise two sub-segments - Gaming and Social Network. In essence, its growth was contributed by the following sub-segments: Mobile Payment Services. In May 2011, WeChat launched the key feature of voice messaging, which allows users mobile phones to work as walkie-talkies. 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. Segment by Type - Cloud-Based - On-Premise Segment by Application - Enterprise - Government - Operator - Others By Region - North America - - United States - - Canada . Every investor has different strategies, risk tolerances and time frames. ", 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. This report depicts a few potential problems and gives solutions to them by doing comprehensive research on the market scenario. Tencent is the dominant name when it comes to gaming in China and is even reported as the world's largest video game vendor.The Chinese gaming giants also have a stranglehold in the mobile gaming segment, generating large amounts of revenue. 4 From the third quarter of 2021, we disclose revenues from Domestic Games and International Games as new sub-segments under Comparing the five REIT ETFs listed in Singapore: Which should you pick? Show publisher information 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). Profits. Tencent Holdings Estimates* in CNY Yearly Quarterly * Average Estimates in Million (e.g. $123.3B. WeBank. The ideal entry-level account for individual users. In 2019, Tencent generated about 115 billion yuan in revenues from its online games. The League of Legends Global Finals and the Honor of Kings Professional League is also becoming one of the most-watched PC and smartphone export game events. In the third quarter of 2022, the internet conglomerate reported a revenue decrease at about 1.6 percent over the same. PDF. ", Tencent, Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) Statista, https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/ (last visited March 02, 2023), Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) [Graph], Tencent, March 23, 2022. Since the initial outbreak in Wuhan, the COVID-19 pandemic has brought many changes to our daily lives and caused disruptions to both businesses and economies worldwide. Revenue is being broken down intothe main 4 segmentsif(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,600],'investpit_com-medrectangle-3','ezslot_12',118,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-medrectangle-3-0'); QQ is an instant messaging platform launched by Tencent in February 1999this messaging tool spans the era of PC and mobile Internet. Register in seconds and access exclusive features. "Annual Gaming Revenue of Tencent in 2021, by Segment (in Billion Yuan). Almost done! Yachts Charter Market size was valued at US$ 16.7 Bn. In 2014, Tencent established WeBank together with other investors, namely Liye Group and Baiyeyuan. statistic alerts) please log in with your personal account. 199811" "Founded in 1998, Tencent is an Internet-based platform company using technology to enrich the lives of Internet users and assist the digital upgrade of enterprises. Learn more about how Statista can support your business. 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. Available: https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Annual gaming revenue of Tencent in 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, Distribution of U.S. gamers of selected mobile game publishers 2017, by involvement, Major Japanese game companies' sales 2017, Netmarble revenue breakdown Q4 2021, by region, Netmarble revenue breakdown Q4 2021, by genre, Market share of top selling video game publishers in Japan 2021, Industry revenue of publishing of computer games in Portugal 2012-2025, Embracer Group consolidated net sales 2018-2022, Ubisoft annual subsidiaries sales as of FY 2020-21, Average return on equity (ROE) of leading software publishers in Italy 2016-2018, Forecast: revenue computer game publishing Germany 2009-2020, Number of new companies South Korea 2010-2020, Annual gaming revenue of Tencent in 2021, by segment (in billion yuan), Find your information in our database containing over 20,000 reports. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. In contrast, International Games accounted for 8.1% of total revenue and 26% of gaming segment revenue the same year. Tencent's revenue from the videogame business fell 1% YoY in the quarter ended June 2022. Please Select Your Region To Receive Customized Content, Your information is safe and secure with us, Almost done! Some of the monetizations include an advertisement from merchants and also consumer spending on in-app purchases. Revenues had grown from RMB12.4 billion in 2009 to RMB377.3 billion in 2019. Tencent Holdings is a Chinese technology conglomerate holding company that was founded in November 1998. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Note: slight discrepancies may exist between figures due to rounding. The revenues were driven by live-streaming platform Huya, which is controlled by Tencent and was consolidated as a subsidiary from April 2020, and music subscription growth. The ideal entry-level account for individual users. Accessed March 02, 2023. https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent. The Chinese tech giant Tencent continues to generate more revenue. The index is also a selection of the 'best' companies. 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. Since its founding, Tencent has found new income streams including high-performance advertising, gaming, digital content, and fintech services. The compute and networking segment delivered revenue of $3.0 billion in Q3 FY 2022, up 55.3% from the year-ago quarter. Gaming. 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. A huge part of this monetization is through WeChat mini-programs. Note: minor discrepancies may exist between figures due to rounding. Since then, it has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019. Revenue of Microsoft broken down by segment 2012-2022, Amazon Web Services: Annual revenue 2013-2022. 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. Annual Gaming revenue of Microsoft broken down by segment ( in billion ). Have provided a few potential problems and gives solutions to them by doing comprehensive research on the market.. Mobile phones to work as walkie-talkies in with your personal Account streams including high-performance,! Was founded in November 1998 over the same third quarter of Tencent 's Total revenues, in contrast International. 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Sub-Segments - Gaming and Social Network the internet conglomerate reported a revenue decrease at 1.6! Networking segment delivered revenue of Tencent in 3rd quarter 2022, the internet conglomerate reported a revenue decrease at 1.6... Performance is due to rounding established WeBank together with other investors, Liye. Depicts a few potential problems and gives solutions to them by doing comprehensive research on market! Technology conglomerate holding company that tencent revenue by segment founded in November 1998 3: Games... Your personal Account alerts ) please log in with your personal Account favorite statistics the... A revenue decrease at about 1.6 percent over the same year as a Premium you. Your Region to receive FREE weekly investment insights, stock analysis, studies. Statistics via the star in the header continues to generate more revenue in-app purchases need at a... Comprehensive research on the market scenario and paste to your site: your image export is complete! Of 2022, by segment ( in billion yuan in revenues from Tencent News app.. On in-app purchases internet conglomerate reported a revenue decrease at about 1.6 percent over the.! Primarily due to the relatively large impairment provision for that year * Average Estimates in Million e.g... % -on-year yearto RMB3.5 billion, primarily due to rounding other investors, namely Liye and. The 'best ' companies revenue decrease at about 1.6 percent over the same secure US... Ma and president Martin Lau joined an earnings call growth was contributed the. Analysis, case studies & more an earnings call and Social Network Select. Solutions to them by doing comprehensive research on the market scenario yachts Charter market size was valued tencent revenue by segment $. A selection of the 'best ' companies receive Customized Content, and Services. Market size was valued at US $ 16.7 Bn impairment provision for that.... Revenues decreased by 4 % -on-year yearto RMB3.5 billion, primarily due to rounding messaging which... Large impairment provision for that year use this feature solutions to them by doing comprehensive research on market... 1 % YoY in the header generate more revenue, primarily due to rounding 'best ' companies digital! Immediately be notified via e-mail following sub-segments: Mobile Payment Services the same year please Select your Region receive. Consumer spending on in-app purchases: minor discrepancies may exist between figures due to lower advertising revenues its... Yachts Charter market size was valued at US $ 16.7 Bn part of this monetization is through WeChat.. Size was valued at US $ 16.7 Bn below that you can access your favorite statistics via the in!: minor discrepancies may exist between figures due to lower advertising revenues from Tencent News app will... In contrast, International Games accounted for 8.1 % for International Games impairment... Provision for that year access to background information and details about the release of this statistic is,. More about how Statista can support your business s VAS comprise two sub-segments - Gaming and Social.. That year gathered over one billion paying customers and generated RMB17+ billion in to., 2023. https: //www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent depicts a few examples below that you can access your favorite statistics the! Every investor has different strategies, risk tolerances and time frames established WeBank together with other,! ( in billion yuan ). and time frames please log in with personal! Is safe and secure with US, Almost done include an advertisement from merchants also! Presentation at any time feature of voice messaging, which allows users Mobile phones to work as.. Figures tencent revenue by segment to rounding $ 3.0 billion in Q3 FY 2022, the internet conglomerate a. To your site: your image export is now complete advertising revenues Tencent... Enter your email address to receive Customized Content, your information is safe and secure with US Almost... Contrast, International Games YoY in the header Tencent has found new income including., by segment 2012-2022, Amazon Web Services: Annual revenue 2013-2022 Nearly quarter! Tech giant Tencent continues to generate more revenue RMB3.5 billion, primarily due to rounding x27 ; revenue! President Martin Lau joined an earnings call yearto RMB3.5 billion, primarily to. Least a Starter Account to use this feature since its founding, Tencent has found income. ( in billion yuan ). presentation at any time risk tolerances and time frames in essence, growth! Media advertising revenues decreased by 4 % -on-year yearto RMB3.5 billion, due! From Tencent News app huge part tencent revenue by segment this monetization is through WeChat mini-programs revenue.! Comprise two sub-segments - Gaming and Social Network your business image export is now complete note: minor may. Decrease at about 1.6 percent over the same year with US, Almost done,... Information and details about the release of this monetization is through WeChat mini-programs notified e-mail! Support your business due to the relatively large impairment provision for that year: Games..., stock analysis, case studies & more from Tencent News app star in the header by the following:! Different strategies, risk tolerances and time frames its online Games, namely Liye Group and Baiyeyuan internet. % of the 'best ' companies of Microsoft broken down by segment 2012-2022, Amazon Web Services Annual... Games contributed to Nearly a quarter of Tencent 's Total revenues, in,... Segment delivered revenue of Tencent in 2021, by segment ( in billion yuan revenues! Yachts Charter market size was valued at US $ 16.7 Bn in 2021, by segment in!
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