In 2021, Tencent generated revenues of approximately 291.6 billion yuan from the internet value-added services segment such as online games. In essence, its growth was contributed by the following sub-segments: Mobile Payment Services. Then you can access your favorite statistics via the star in the header. 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. We examine this more granular breakdown below. The key to success on this front is a strong product portfolio that covers a broader customer base, according to Li. Tencent is a China-based technology company that is mainly focused on serving the Internet's various services and products. 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. Yachts Charter Market size was valued at US$ 16.7 Bn. "Annual gaming revenue of Tencent in 2021, by segment (in billion yuan)." The FinTech and business services segment refers to revenue generated from Tencent's financial technology (FinTech) business, cloud computing initiatives, and other business services. Any investment involves the taking of substantial risks, including (but not limited to) complete loss of capital. Users can chat with friends anytime, anywhere, videos, emoticons, other personalized themes for users, make new friends with similar interests here via groups. $34.4B. 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. 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. Enter your email address to receive FREE weekly investment insights, stock analysis, case studies & more! In this article, Ill summarise Tencents business segments, financial performance, and its recent investment in Huya. * The revenue from smartphone games included the amount attributable to Tencent's social networks business. QQ also started mobile payment with the launch of QQ wallet which facilitated mobile prepaid recharge and various online shopping and transactions. There is also business functionality of QQ that is somewhat similar to Slack, Google Meet, Facebook Business. This was due to continuous growth achieved in its VAS, fintech, and online advertising services during the period. Its various subsidiary companies include Tencent Music Entertainment, Tencent Sports, and Tencent AI. As soon as this statistic is updated, you will immediately be notified via e-mail. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. FinTech Services revenue growth primarily reflected increasing commercial As a result, shareholders earnings have increased from RMB5.2 billion in 2009 to RMB93.3 billion in 2019. Tencent has reported its first decline in quarterly revenues, as China's most valuable company was shaken by the country's slowing economy and a regulatory crackdown. Valuable information is provided here about a particular market segment according to product type, application, region type, and end user. March 23, 2022. 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. As soon as this statistic is updated, you will immediately be notified via e-mail. This makes it Tencents fastest growing segment for the six-year period. Values have been rounded. "Revenue Distribution of Tencent Holdings from 2015 to 2021, by Segment. You need at least a Starter Account to use this feature. Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) [Graph]. For 2022, Hasbro saw overall revenue decline 9% to $5.86 billion. Order the complete Tencent SWOT & PESTLE report or view the free sample complete report on our site now! 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. Riot Games' Teamfight Tactics enhanced In 2019, these businesses contributed 28.9% of group revenues to Tencent. This statistics highlights Nvidia's Revenue by Segment from Q1 2017 onwards, split between Automotive, Data Center, Gaming, Professional Visualization, and OEM & Other. In Part 1 of our Tencent series, we introduced the history and various components of the Tencent Holdings ecosystem. 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. 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). [Online]. As a Premium user you get access to the detailed source references and background information about this statistic. Currently, you are using a shared account. Show publisher information 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). 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. Sales from mobile games grew 13%. [Online]. Tencents business model: How Tencent makes money. The compute and networking segment delivered revenue of $3.0 billion in Q3 FY 2022, up 55.3% from the year-ago quarter. As a Premium user you get access to background information and details about the release of this statistic. WeChat wants to empower everyone to create content. Register in seconds and access exclusive features. Business Solutions including all features. 2014.11.13 Warner Music Group and Tencent enter groundbreaking strategic partnership in China . Tencent reported its slowest quarterly revenue growth on record in the fourth quarter of 2021. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. Use Ask Statista Research Service. The year 2018 marked a change in its revenue structure. Its online games Honour of Kings, PUBG Mobile, and. . We calculate the investment income generated from Tencent's portfolio each year as a percentage of the ending portfolio value from the preceding year. Your email address will not be published. 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. According to data presented by Safe Betting Sites, in October 2021, Tencent generated $513M in in-app purchases, the largest among mobile game . 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. Profits. Each voice message cannot exceed 60 seconds. Nice to finally get a bit of clarity into how the mysterious 'others' revenue segment is broken down. In 2019, Tencent derived 53% of group revenues from its VAS businesses. Any historical information should be succinct. Copyright 2023 The Fifth Person. Lau was referring to a segment that included Tencent's new cloud business, which posted its first annual revenue of 9.1 billion yuan ($1.36 billion). Profit from the additional features of your individual 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, Most popular global mobile messaging apps 2022, Twitter: number of monthly active users 2010-2019, Internet usage in India - statistics & facts, Profit from additional features with an Employee Account. Tencent is a Chinese multinational company situated in Shenzhen, China. A paid subscription is required for full access. Tencent, which gets 32% of its revenue from video games, unveiled more than 60 new titles at its annual video gaming conference last week. Get full access to all features within our Business Solutions. Social media: active usage penetration in selected countries and territories 2023, Social network users in selected countries in 2022 and 2027, Social media: global penetration rate 2023, by region, Canada: Facebook users 2022, by age group. For the full year, revenue in the segment was up 3% to $1.33 billion. 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. 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. 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. Given a history of +5-10% revenue growth, and . Media Advertising. 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. The segment made up 22.9 percent of total revenues. 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. March 23, 2022. My teams and I have . 2014.07.25 document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Click here to subscribe and stay tuned for future updates! If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Data Sources: Tencent Annual Reports (click image to enlarge), Tencent's revenue breakdown by business segment is relatively stable from year to year, with, Tencent provides a more detailed revenue breakdown of its, The remainder of VAS revenue is reported as a combined sum of the. ) You need at least a Starter Account to use this feature. Tencent. You can only download this statistic as a Premium user. Revenue growth in its fintech and business services segment slowed to 10% in the first . ), and (3) increased revenue sharing and content costs. To use individual functions (e.g., mark statistics as favourites, set Access to this and all other statistics on 80,000 topics from, Show sources information Tencent Cloud Revenue Growth Rate in Anti-DDoS System (ADS) Platform Business (2018-2023) Figure 59. Revenue from this segment grew 1% year-on-year to 42.2 billion yuan, a slowing from the quarter before. 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. to incorporate the statistic into your presentation at any time. 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. Weixin). In its social networks segment, Tencent generated revenues of 26.7B ($3.85B), representing an increase of 29% YoY. Tencent Holding annual/quarterly revenue history and growth rate from 2011 to 2021. #3: Domestic Games Contributed To Nearly A Quarter Of Tencent's Total Revenues, In Contrast To 8.1% For International Games. As of 23 November 2020, Tencents market capitalisation stood at HK$5.6 trillion. 4 From the third quarter of 2021, we disclose revenues from Domestic Games and International Games as new sub-segments under The Chinese tech giant Tencent continues to generate more revenue. 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. One yuan equals approximately 0.14 U.S. dollars and 0.14 euros (as of November 2022). I'm especially curious if anyone particularly loves/hates this at $67/share. Profit from the additional features of your individual account. It is social, free and popular on mobile -- the fastest growing segment of gaming. The Chinese. They also acquired another one million Class B ordinary shares of Huya Inc. from Mr. Dong Rongjie, CEO of Huya Inc. (price undisclosed). 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). However, there is still room for further improvement in other game genres such as role-playing games. I help EdTech, FinTech and Technology companies break through growth stagnation by creating AI-first, data driven products, market expansion, and global strategic partnerships. We have also set the operating . It is only inflation, all other dependent on inflation. The ideal entry-level account for individual users. In China, there is a saying: WeChat is like their wallet and Alipay is our bank account. Please check your download folder. Note: slight discrepancies may exist between figures due to rounding. (March 23, 2022). Its online games Honour of Kings, PUBG Mobile and Peacekeeper Elite. In 2019, Tencent generated about 115 billion yuan in revenues from its online games. statistic alerts) please log in with your personal account. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Cloud Services. 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. We think this market is very close to saturated given China's total 1.4 billion population. Overview 1) Briefly introduce your company and what it does. Lastly, we examine Tencent's investment portfolio. Tencent. May 23, 2022 The Chinese entertainment tycoonTencent reported a total revenue of 174.3 billion yuan from online games in 2021. Revenue climbed 20% to 138.3 billion yuan, in line with expectations. Assets. One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). Co-founder Pony Ma and president Martin Lau joined an earnings call. #2: Tencent's Investment Portfolio Gains Were Driven By Fair Value Gains and Gains on Disposals and Deemed Disposals. Are you interested in testing our business solutions? The ideal entry-level account for individual users. Please do not hesitate to contact me. Please create an employee account to be able to mark statistics as favorites. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Revenues had grown from RMB12.4 billion in 2009 to RMB377.3 billion in 2019. Weixin). Tencent Holdings Limited is headquartered in Shenzhen, the People's Republic of China. With inflation soaring, consumers became more frugal with their spending. Push to send voice messaging ease of use led to an increased download. As a Premium user you get access to background information and details about the release of this statistic. According to management, this distinction was implemented to "[reflect] the increasing scale of Tencent's international games business". Please do not hesitate to contact me. Then you can access your favorite statistics via the star in the header. Founded in 1998, Tencent connects over one billion users through its communications and social platforms, namely Weixin and QQ. 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%. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. I know they to have a very loyal customer following. 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. You can only download this statistic as a Premium user. In, Tencent. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Breaking down the company's annual portfolio income, we see that Tencent's investment portfolio gains can largely be attributed to. 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. This voice messaging feature was only added much later in Whatsapp in August 2013. To use individual functions (e.g., mark statistics as favourites, set While we provide a summary of our research, youd have to make your own decisions whether an investment is suitable for your portfolio. We dont make any recommendations on whether a security is a buy (or sell) as every investor has different investment goals and risk profiles. 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 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. As a Premium user you get access to the detailed source references and background information about this statistic. It can be used without downloading and installing. To use individual functions (e.g., mark statistics as favourites, set Profit from the additional features of your individual account. Press release - DeepResearchReports - Global Short Video Ads Solution Market Emerging Trends, Segment Analysis and Industry Forecast 2023 - 2029 - published on openPR.com As of 2019. It owns a 30% interest in WeBank for a total investment of RMB900 million. 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. You only have access to basic statistics. This statistic is not included in your account. 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