The online games contributed 58.9% of the revenue with 104 billion yuan. As a Premium user you get access to background information and details about the release of this statistic. Use Ask Statista Research Service. Its online games Honour of Kings, PUBG Mobile, and. 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. One yuan equals approximately 0.14 U.S. dollars and 0.14 euros (as of November 2022). The market tends to be driven solely by the domestic players in the near-term 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. It still has a user base of 612 million users. Available: https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Revenue of Tencent in 3rd quarter 2022, by segment, Available to download in PNG, PDF, XLS format, Canada: number of social media users 2018-2027, Canada: social network penetration 2018-2027, Canada: yearly growth of social media users 2020-2022, Canada market share of leading social media websites 2022, Canada mobile social media visit share 2022, Leading iPhone social media apps in Canada 2022, by downloads, Leading Android social media apps in Canada 2022, by downloads, Canada: preferred social networks Q3 2021, Social media usage by platform type in Canada 2022, Social network usage by brand in Canada 2022, Social network usage by frequency in Canada 2022, Canada: time spent social media 2020-2022, Canada: distribution of social media audiences 2021, by age and gender, Leading social networks used for news in Canada 2019-2022, Canada: Meta audiences in 2022, by age and gender, Canada: number of Facebook users 2018-2027, Canada: Facebook usage penetration 2018-2027, Canada: Facebook pages user engagement rate 2021, by type of post, Canada: Facebook Messenger users 2022, by age group, Canada: Facebook Messenger users 2022, by gender, Canada: distribution of TikTok audiences 2022, by age group, Canada: distribution of TikTok audiences 2022, by gender, Twitter: distribution of Canadian audiences 2021, by gender, Most popular Twitter profiles from Canada 2021, by audience, Most popular brands on Twitter in Canada 2021, by audience, Snapchat: distribution of Canadian audiences 2022, by gender, Canada: Instagram users 2022, by age group, Digital advertising spending in North America 2022, by country, Digital Market Outlook: social media ad spend in Canada 2017-2026, by device, Expected Facebook influencers earnings in Canada, the UK & the U.S. 2021, Most popular brands on Facebook in Canada 2021, by audience, Canada: views on selected social media platforms 2021, Canada: opinions on governmental supervision of Meta Platforms 2021, Canada: belief in Facebook whistleblower claims 2021, by age group, Canada and the U.S. belief in Facebook whistleblower claims 2021, Canada: Facebook impact on quality of life 2021, Canada: social media regulation of hate speech 2021, Canada: impact of social media on debate and opinions exchange 2021, Social media marketing spending in the U.S. 2014-2019, Survey on the usage time of computer games among children in Germany 2016, Online content smartphone users read or view most often Japan 2019, by age group, Social network ad spend per user in the Middle East & Africa 2013-2016, Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan), Find your information in our database containing over 20,000 reports. In January 2014, Tencent launched a wealth management platform, Licaitong. 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. 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. We turn to examine Tencent's additional reported business metrics: (1) the number of users on its, The number of monthly active users (MAUs) on the Weixin and WeChat platforms increased from 988.6 million in 2017 to 1,268.2 million in 2021. #2: Fee-Based VAS Subscriptions Grew 75.6% Over The Past Five Years. . Quarterly revenue from online advertising slumped 13%, while its fintech and business services segment saw a 25% topline growth. Access to this and all other statistics on 80,000 topics from, Show sources information 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%. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. In, Tencent. Media Advertising revenues decreased by 4% -on-year yearto RMB3.5 billion, primarily due to lower advertising revenues from Tencent News app. Comparing the five REIT ETFs listed in Singapore: Which should you pick? Regular host and presenter of a weekly financial webinar with KCLau.com. March 23, 2022. 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. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. 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. There is also business functionality of QQ that is somewhat similar to Slack, Google Meet, Facebook Business. Tencent has continued to report growth in group revenues and shareholders earnings in Q1 and Q2 2020 during the peak of the pandemic. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. Riot Games' Teamfight Tactics enhanced Gaming Advertisement You need a Statista Account for unlimited access. As soon as this statistic is updated, you will immediately be notified via e-mail. However, more people will choose to store money in Alipay due to financial services like investment products, Yuebao, Yulibao, funds, gold, stocks, and other financial management tools.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[250,250],'investpit_com-leader-1','ezslot_15',124,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-leader-1-0'); A recent leak revealed a test version of a mobile digital currency app reportedly developed by one of Chinas largest state-owned banks, the Agricultural Bank of China. Tencent is the largest video game publisher in the world, and that segment generated 32% of its total revenue (24% from domestic games and 8% from international games) during the second. In the early days, QQ was Tencents key product. Tencent Holdings Estimates* in CNY Yearly Quarterly * Average Estimates in Million (e.g. Are you interested in testing our business solutions? WeChat updated a new rule in October 2019, the platform will punish websites or apps that send links to mislead or entice users to download or redirect to an external app, Tencent Holdings and its key revenue pillars, How To Make Money In The Agriculture Business. Tencent just repurchased shares, a rarity for the company Finally, an announcement Thursday and Friday might have slipped under the noses of investors. I know they to have a very loyal customer following. The FinTech and business services segment refers to revenue generated from Tencent's financial technology (FinTech) business, cloud computing initiatives, and other business services. It commenced accelerated computing to solve the most challenging computational problems. In 2019, Tencent derived 53% of group revenues from its VAS businesses. to incorporate the statistic into your presentation at any time. 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. They also acquired another one million Class B ordinary shares of Huya Inc. from Mr. Dong Rongjie, CEO of Huya Inc. (price undisclosed). Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. This was due to continuous growth achieved in its VAS, fintech, and online advertising services during the period. 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. ) 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). Please check your download folder. Profit. According to data presented by Safe Betting Sites, in October 2021, Tencent generated $513M in in-app purchases, the largest among mobile game . I help EdTech, FinTech and Technology companies break through growth stagnation by creating AI-first, data driven products, market expansion, and global strategic partnerships. You only have access to basic statistics. Accessed March 02, 2023. https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Tencent. The launch date is still unknown and it will take a while for merchants to adopt the new digital currency if launched. "Revenue distribution of Tencent Holdings from 2015 to 2021, by segment." 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. 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. WeChat wants to empower everyone to create content. Use tab to navigate through the menu items. You need a Statista Account for unlimited access. If your company operates . This statistic is not included in your account. March 23, 2022. In contrast, operating profit margin shows a greater degree of fluctuation due to higher selling, general, and administrative (SG&A) expenses and marketing expenses in certain years offset by net other gains. In 2020, Tencent made two transactions to increase its equity stake in Huya Inc., a leading live game streaming platform in China. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. A huge part of this monetization is through WeChat mini-programs. 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. Register in seconds and access exclusive features. $34.4B. Register in seconds and access exclusive features. Tencents business is very diversified. Rich functions and interesting gameplay make QQ one of the most popular social platforms for young users in China. In this article, we walk through Tencent's financial statistics and business metrics. While we provide a summary of our research, youd have to make your own decisions whether an investment is suitable for your portfolio. to incorporate the statistic into your presentation at any time. Tencent's annual revenue for 2021 was up 16% compared to the previous year, slowing from the 28% growth it recorded in 2020. Tencent Activision Blizzard Sega Electronic Arts Apple Ubisoft Zynga Square Enix NetEase Games NEXON NCSoft Bandai Namco Holdings Total Market by Segment: Global Online Game Market Segment. As a Premium user you get access to background information and details about the release of this statistic. Produced 450+ financial articles featured on KCLau.com in Malaysia and The Fifth Person, Value Invest Asia, and Small Cap Asia in Singapore. 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. My teams and I have . 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. The key to success on this front is a strong product portfolio that covers a broader customer base, according to Li. 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. statistic alerts) please log in with your personal account. As a Premium user you get access to the detailed source references and background information about this statistic. In a WeChat Open Class in 2020, WeChat Founder Allen Zhang announced that WeChat will soon launch a feature called short video content. Tencent achieved a 10-year CAGR of 40.7% and 33.6% in its group revenues and shareholders earnings respectively. The first version only allows users to send texts and photos, not SMS. Tencent, which gets 32% of its revenue from video games, unveiled more than 60 new titles at its annual video gaming conference last week. March 02, 2023. https: //www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Tencent launched a wealth management,. Wechat Founder Allen Zhang announced that WeChat will soon launch a feature called short video.... And interesting gameplay make QQ one of the pandemic as of November 2022 ) of,. User you get access to background information and details about the release of this statistic is updated, you immediately... At any time to success on this front is a strong product portfolio that covers a broader customer base according! In contrast, the 2018 dip in investment return performance is due to the detailed source references and information. 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Data for 170 industries from 50 countries and over 1 million facts: get quick analyses with professional... Presenter of a weekly financial webinar with KCLau.com: Which should you pick % the... Of QQ that is somewhat similar to Slack, Google Meet, Facebook business, Google Meet, Facebook.! Access to background information and details about the release of this statistic unlimited access Average. Which should you pick, WeChat Founder Allen Zhang announced that WeChat will soon launch a feature called video. Peak of the most challenging computational problems whether an investment is suitable for your portfolio first!
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