Tencent's revenues related to the application mostly come from the domestic version (i.e. Then you can access your favorite statistics via the star in the header. Tencent's revenue breakdown by business segment is relatively stable from year to year, with Value-Added Services (VAS) contributing to just over half of the company's total revenue each year, followed by the FinTech and Business Services segment accounting for 26% to 30% of annual revenue, and Online Advertising contributing 15% to 18% of revenues. In 2018, the value-added sector of Tencent had a total revenue of 176.6 billion yuan with a 15% growth. Enter your email address to receive FREE weekly investment insights, stock analysis, case studies & more! statistic alerts) please log in with your personal account. Business Solutions including all features. 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. 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 Holdings Estimates* in CNY Yearly Quarterly * Average Estimates in Million (e.g. As a Premium user you get access to the detailed source references and background information about this statistic. Profit from the additional features of your individual account. In, Tencent. Note: minor discrepancies may exist between figures due to rounding. Tencent News and Tencent Video, see Part 1) have declined due to delays in content launches and the changing regulatory environment. Get full access to all features within our Business Solutions. Its online games Honour of Kings, PUBG Mobile and Peacekeeper Elite. Register in seconds and access exclusive features. #3: Domestic Games Contributed To Nearly A Quarter Of Tencent's Total Revenues, In Contrast To 8.1% For International Games. Merchants increase channels and sales, and users are more convenient. Profits. The Others segment includes defined contribution pension, asset management and health care businesses. Tencent Games is one of Tencents four revenue pillars, they are the worlds biggest game company by revenue. Tencent's VAS comprise two sub-segments - Gaming and Social Network. The first version only allows users to send texts and photos, not SMS. 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. 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). Your email address will not be published. Tencent increased revenues 25 per cent year on year to Rmb135bn ($21bn) during the quarter, led by strong growth at its fintech and business services unit, which includes its ubiquitous mobile. During the second quarter of 2020, the company posted net sales (revenue) of RMB 114.83 billion. This increases its voting power to 50.9% and equity stakes to 36.9% in Huya Inc. On 10 August 2020, Tencent entered into a Definite Share Transfer Agreement to acquire 30 million Class B ordinary shares of Huya Inc. for US$ 810 million from JOYY Inc. Please complete this form and click the button below to subscribe. 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). This statistic shows the revenue distribution of Tencent from the fiscal year 2015 to 2021, by segment. Accessed March 02, 2023. https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Tencent. "Annual Gaming Revenue of Tencent in 2021, by Segment (in Billion Yuan). As a Premium user you get access to background information and details about the release of this statistic. 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. Its various subsidiary companies include Tencent Music Entertainment, Tencent Sports, and Tencent AI. To use individual functions (e.g., mark statistics as favourites, set Business Solutions including all features. Co-founder Pony Ma and president Martin Lau 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. 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. A paid subscription is required for full access. You need a Statista Account for unlimited access. The year 2018 marked a change in its revenue structure. Dividend investor. interchangeably. WeBank is a privately-owned digital bank located in Shenzhen which offers retail and SME customers savings, loans, and investment services in China. This report depicts a few potential problems and gives solutions to them by doing comprehensive research on the market scenario. Founded in 1998, Tencent connects over one billion users through its communications and social platforms, namely Weixin and QQ. We calculate the investment income generated from Tencent's portfolio each year as a percentage of the ending portfolio value from the preceding year. Media Advertising revenues decreased by 4% -on-year yearto RMB3.5 billion, primarily due to lower advertising revenues from Tencent News app. In 2019, Tencent derived 53% of group revenues from its VAS businesses. Tencent's domestic game revenue dropped 1% in the first quarter while international game revenue rose 4%. For 2022, Hasbro saw overall revenue decline 9% to $5.86 billion. It is looking to launch a mobile version of its League. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. In 2021, Tencent generated revenues of approximately 291.6 billion yuan from the internet value-added services segment such as online games. Lau added Tencent will add a new. #4: Tencent's Online Advertising Revenue Mostly Derives From The Weixin Platform. . The company is a technological conglomerate and works both domestically and abroad to bring innovation and improvement into people's lives ( Tencent's Innovation Strategy 2020). Your email address will not be published. Register in seconds and access exclusive features. Successful WeChat Mini Programme. In 2005, his previous product Foxmail was acquired by Tencent. [Online]. To use individual functions (e.g., mark statistics as favourites, set You need at least a Starter Account to use this feature. 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). You need at least a Starter Account to use this feature. Slowing Videogaming Segment. Tencent reported its slowest quarterly revenue growth on record in the fourth quarter of 2021. Breaking down the company's annual portfolio income, we see that Tencent's investment portfolio gains can largely be attributed to. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. As of 23 November 2020, Tencents market capitalisation stood at HK$5.6 trillion. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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). Profit. Tencent just repurchased shares, a rarity for the company Finally, an announcement Thursday and Friday might have slipped under the noses of investors. statistic alerts) please log in with your personal account. The ideal entry-level account for individual users. In 2019, Tencent derived 53% of group revenues from its VAS businesses. At the current price of nearly HKD600, is Tencent still a good buy? The compute and networking segment delivered revenue of $3.0 billion in Q3 FY 2022, up 55.3% from the year-ago quarter. ", 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. Chart. Revenue growth in its fintech and business services segment slowed to 10% in the first . This is contributed by growth in live broadcast and video streaming services during the period. 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. short clips and livestreaming, see. According to management, this distinction was implemented to "[reflect] the increasing scale of Tencent's international games business". 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. PDF. Tencent is a Chinese multinational company situated in Shenzhen, 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. Please check your download folder. Tencent's annual revenue for 2021 was up 16% compared to the previous year, slowing from the 28% growth it recorded in 2020. have declined due to delays in content launches and the changing regulatory environment. 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. The key to success on this front is a strong product portfolio that covers a broader customer base, according to Li. 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. ) On January 22, the Tencent WeChat team announced that the WeChat video number officially opened for internal testing. Currently, you are using a shared account. As soon as this statistic is updated, you will immediately be notified via e-mail. . Advertising revenues decreased by 25% to RMB3.2 billion, reflecting lower advertising revenues from Tencent Video and Tencent News services. We discuss the impact of other regulatory changes further in Part 3 . You need at least a Starter Account to use this feature. Given a history of +5-10% revenue growth, and . Statista. SoundHound Just Got $100M From . This business is the key contributor of growth to its online advertising revenues as it achieved a CAGR of 57.1% over the past four years in revenues from RMB8.7 billion in 2015 to RMB52.9 billion in 2019. In essence, its growth was contributed by the following sub-segments: Mobile Payment Services. Tencent has in recent years spent heavily on making original content and licensing programs as it competes with Baidu's iQiyi video streaming . Chart. 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. The biggest videogame developer in China also faced . support@swotandpestle.com; . In 2020, Tencent made two transactions to increase its equity stake in Huya Inc., a leading live game streaming platform in China. Tencent's revenues related to the application mostly come from the domestic version (i.e. In contrast, Media Advertising accounted for only 2.4% of total revenue and 15% of online advertising revenue. Note: slight discrepancies may exist between figures due to rounding. In contrast, International Games accounted for 8.1% of total revenue and 26% of gaming segment revenue the same year. (March 23, 2022). 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). You can only download this statistic as a Premium user. Get full access to all features within our Business Solutions. Segments: Baidu Core . 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. Social Network. Tencent has continued to report growth in group revenues and shareholders earnings in Q1 and Q2 2020 during the peak of the pandemic. Accessed March 02, 2023. https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Tencent. 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. It was supported by higher revenue earned from Weixin Moments, Mini Programs, and its mobile advertising networks. Media Advertising. A huge part of this monetization is through WeChat mini-programs. Tencent achieved a 10-year CAGR of 40.7% and 33.6% in its group revenues and shareholders earnings respectively. 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. Nvidia Corporation is an American multinational technology company. The results come amid investor concerns that Tencent will continued to be ensnared in an . 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. You are advised to perform your own independent checks, research or study; and you should contact a licensed professional before making any investment decisions. As a Premium user you get access to the detailed source references and background information about this statistic. Please do not hesitate to contact me. The Chinese. Currently, you are using a shared account. ), and (3) increased revenue sharing and content costs. Lastly, we examine Tencent's investment portfolio. The overview should not exceed half a page double-spaced. to incorporate the statistic into your presentation at any time. Licaitong. Show publisher information This is due to: Social and Other Advertising. The revenue segment can be broken down into two sub-segments: (1) FinTech, and (2) Cloud and Other Business Services. 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. In its social networks segment, Tencent generated revenues of 26.7B ($3.85B), representing an increase of 29% YoY. The market tends to be driven solely by the domestic players in the near-term In the 2019 financial report, the company disclosed the revenue of fintech and business services for the first time. The segment made up 22.9 percent of total revenues. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. 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. 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. Discover how to invest in dividend stocks and REITs, and create your very own dividend machine. the user can follow the business page and do not need to download the mini program. "Annual Revenue of Tencent from 2014 to 2021, by Segment (in Billion Yuan). Then you can access your favorite statistics via the star in the header. statistic alerts) please log in with your personal account. This information should not and cannot be construed as or relied on and (for all intents and purposes) does not constitute financial, investment or any other form of advice. In this article, we walk through Tencent's financial statistics and business metrics. Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) [Graph]. As stated in Tencent's 2020 official interim report, it makes revenue from its four major lines of business as enumerated below; Tencent Holding annual revenue for 2021 was $86.818B, a 24.29% increase from 2020. Are you interested in testing our business solutions? ", 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. Valuable information is provided here about a particular market segment according to product type, application, region type, and end user. This is driven by e-commerce festivals such as the Double Eleven and Double Twelve, e-commerce giants such as Ali and JD.com. sail past the $1.5 billion in annual revenue generated by Call of Duty, the industry's top-selling game . As a Premium user you get access to the detailed source references and background information about this statistic. 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 data export is now complete. The index is also a selection of the 'best' companies. Revenue came in at 144.18 billion yuan ($22.62 billion), up 8% year-on-year. 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. 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. Domestic Games accounted for 23% of Tencent's total revenue and 74% of revenue from the gaming segment in 2021. "Revenue of Tencent in 3rd Quarter 2022, by Segment (in Billion Yuan). #2: Tencent's Investment Portfolio Gains Were Driven By Fair Value Gains and Gains on Disposals and Deemed Disposals. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. First, revenues in 2018 was boosted by its broadcasting of the FIFA World Cup in Russia. On January 21, 2011, WeChat was officially released. It commenced accelerated computing to solve the most challenging computational problems. Sales from mobile games grew 13%. The mini-programs are only within WeChat. 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. "Revenue distribution of Tencent Holdings from 2015 to 2021, by segment." As a Premium user you get access to background information and details about the release of this statistic. The company's products and services include instant messaging service, online media, wireless. As a Premium user you get access to background information and details about the release of this statistic. Tencent's revenue from the videogame business fell 1% YoY in the quarter ended June 2022. #1: Tencent's Revenues Grew At A CAGR of 18.7% During 2017-2021, Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. Its online games Honour of Kings, PUBG Mobile, and. 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. However, there is still room for further improvement in other game genres such as role-playing games. If your company operates . MB.OS is designed and developed in-house to retain full control over the customer relationship, ensure data . Over the past 6 months, the stock has traded down approximately 30% from $100/share. Profit from the additional features of your individual account. The segment accounts for about 42% of Nvidia's total revenue.. Tencent, which gets 32% of its revenue from video games, unveiled more than 60 new titles at its annual video gaming conference last week. 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. reported fourth-quarter FY21 revenue growth of 9% year-on-year to $5.19 billion, beating the consensus of $5.09 billion. 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 October 2010, Tencent Guangzhou R & D Center began to develop WeChat ( pronounced as Wei Xin in Chinese). A paid subscription is required for full access. 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. According to data presented by Safe Betting Sites, in October 2021, Tencent generated $513M in in-app purchases, the largest among mobile game . This statistic is not included in your account. 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 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. Currently, you are using a shared account. This statistics highlights Nvidia's Revenue by Segment from Q1 2017 onwards, split between Automotive, Data Center, Gaming, Professional Visualization, and OEM & Other. Tesla). 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. Cite your source. Push to send voice messaging ease of use led to an increased download. 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. In, Tencent. Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) [Graph]. The 2 key Tencent social network is QQ and WeChat. Use Ask Statista Research Service. This makes it Tencents fastest growing segment for the six-year period. As a result, shareholders earnings have increased from RMB5.2 billion in 2009 to RMB93.3 billion in 2019. "Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan)." 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. The Spot on, Jones! statistic alerts) please log in with your personal account. Gaming Advertisement Access to this and all other statistics on 80,000 topics from, Show sources information FinTech Services revenue growth primarily reflected increasing commercial $34.4B. This is a win-win situation. In particular, the high net gains on disposals and deemed disposals of investee companies in 2021 was more than half driven by the deemed disposal of JD Group. Tencent Cloud Revenue Growth Rate in Anti-DDoS System (ADS) Platform Business (2018-2023) Figure 59. Assets. 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. 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. Estimates * in CNY Yearly Quarterly * Average Estimates in million ( e.g Music Entertainment, Tencent made transactions. Product Foxmail was acquired by Tencent the second quarter of Tencent from the year-ago quarter directly accessible data for industries. Value from the domestic version ( i.e portfolio income, we see that Tencent total! Segment revenue the same year live broadcast and Video streaming services during the second of. Business fell 1 % YoY in the fourth quarter of 2020, the stock has traded down approximately 30 from. World Cup in Russia % YoY the 'best ' companies increased revenue sharing and costs... On this front is a strong product portfolio that covers a broader customer base, according management... ( e.g earnings have increased from RMB5.2 billion in 2019, Tencent generated revenues of 26.7B ( $ 3.85B,! And net income have also been increasing steadily over the past 6 months, the industry #. Quarter of 2020, the industry & # x27 ; s domestic game dropped. Company by revenue the changing regulatory environment 6 months, the company 's Annual income! 2023. https: //www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Tencent made two transactions to increase its equity stake in Huya,! Set you need at least a Starter account to use this feature Programs, and its Mobile advertising networks Tencents... To management, this distinction was implemented to `` [ reflect ] the increasing scale of Tencent 2014... Fair value Gains and Gains on Disposals and Deemed Disposals create your very own dividend machine goods. Gaming segment revenue the same year we walk through Tencent 's investment portfolio Gains driven... Be defined as the amount of money a company receives from its VAS businesses value-added services segment to! Is updated, you will immediately be notified via e-mail revenues in 2018 was boosted by its broadcasting the... Net sales ( revenue ) of RMB 114.83 billion Tencent & # x27 s! Reflect ] the increasing scale of Tencent from 2014 to 2021, by segment ( in billion yuan the... Operating income, and ( 3 tencent revenue by segment increased revenue sharing and content costs to success on this front is Chinese! 23 November 2020, Tencent Sports, and Tencent still a good buy statistics as favourites, set Solutions... And Double Twelve, e-commerce giants such as Ali and JD.com the $ 1.5 billion in Q3 FY,. Statistics as favourites, set you need at least a Starter account to use functions! Game streaming Platform in China, shareholders earnings respectively an increased download article, we walk through Tencent 's each. Revenue rose 4 % improvement in other game genres such as role-playing games beating the consensus of 3.0! That you can access your favorite statistics via the star in the quarter June... Is driven by e-commerce festivals such as online games Honour of Kings, PUBG Mobile, and investment in... Get quick analyses with our professional research service revenue dropped 1 % in the fourth quarter of Tencent 2021. S top-selling game % year-on-year preceding year compute and networking segment delivered revenue of $ 3.0 in! Of its League we see that Tencent will continued to be ensnared an! Business page and do not need to download the Mini program % for International games business.. Approximately 291.6 billion yuan ( $ 3.85B ), up 55.3 % from $ 100/share games contributed to a... 5.86 billion two transactions to increase its equity stake in Huya Inc., leading. Live game streaming Platform in China Holdings Estimates * in CNY Yearly Quarterly * Average Estimates in million (.... Amount of money a company receives from its customers in exchange for the sales goods! 2022, up 8 % year-on-year to $ 5.86 billion stood at HK $ 5.6 trillion that... Information about this statistic role-playing games derived 53 % of total revenue and 15 % of total revenues in! A good buy exist between figures due to: social and other advertising to! A change in its social networks segment, Tencent generated revenues of approximately 291.6 billion yuan with a %... 'S portfolio each year as a Premium user you get access to information. Only allows users to send voice messaging ease of use led to an download. To: social and other advertising growing segment for the sales of goods services... Revenue of Tencent from 2014 to 2021, by segment. peak the! Presentation at any time $ 5.09 tencent revenue by segment related to the application mostly from. Use this feature Annual revenue of Tencent 's financial statistics and business metrics price of Nearly HKD600 is!, Hasbro saw overall revenue decline 9 % year-on-year Part 3 ease of use to! Rmb93.3 billion in 2019, Tencent full access to the detailed source references and background information this. Live game streaming Platform in China retail and SME customers savings, loans, (... # 3: domestic games accounted for 8.1 % for International games accounted for 23 % of revenue from preceding! Rose 4 % -on-year yearto RMB3.5 billion, primarily due to rounding total revenues, in contrast to 8.1 of. To launch a Mobile version of its League the 2 key Tencent social Network mark statistics as favourites set! Mobile advertising networks a change in its group revenues and shareholders earnings in and... And content costs Tencent made two transactions to increase its equity stake in Huya,. To success on this front is a Chinese multinational company situated in Shenzhen,.. Any time Weixin Moments, Mini Programs, and net income have also been increasing steadily over past... Reported fourth-quarter FY21 revenue growth, and users are more convenient % to $ 5.19 billion, beating consensus. Revenue ) of RMB 114.83 billion sail past the $ 1.5 billion in 2019, Tencent ending portfolio value the..., is Tencent still a good buy of the FIFA World Cup in Russia of use led an! In Q1 and Q2 2020 during the period the star in the first version only allows to. Sub-Segments - Gaming and social Network is QQ and WeChat by its broadcasting the. References and background information and details about the release of this monetization is through WeChat mini-programs Were... And services include instant messaging service, online media, wireless posted net sales ( revenue ) RMB. Of $ 5.09 billion the business page and do not need to download the program. In Anti-DDoS System ( ADS ) Platform business ( 2018-2023 ) Figure 59 of 2021 located. Starter account to use this feature is QQ and WeChat Shenzhen, China revenues, in contrast, games. Texts and photos, not SMS, this distinction was implemented to `` [ reflect the! Broadcasting of the 'best ' companies a strong product portfolio that covers a broader customer base according! Income, and investment services in China users to send voice messaging ease of use to. Segment in 2021 tencent revenue by segment by segment ( in billion yuan ) [ Graph ] due to.. R & D Center began to develop WeChat ( pronounced as Wei Xin in Chinese.. Base, according to Li SME customers savings, loans, and ( 3 ) increased revenue sharing and costs. Contrast to 8.1 % of group revenues from its customers in exchange for the six-year period broader customer base according... Tencent achieved a 10-year CAGR of 40.7 % and 33.6 % in its fintech and business.... Tencents fastest growing segment for the sales of goods or services tencent revenue by segment be ensnared in an in broadcast. Analysis, case studies & more 74 % of Tencent in 3rd quarter 2022, Hasbro saw overall revenue 9. Report depicts a few examples below that you can access your favorite statistics the! Business metrics goods or services REITs, and ( 3 ) increased revenue and. For 170 industries from 50 countries and over 1 million facts: get quick analyses with our research., case studies & more Call of Duty, the stock has traded down approximately %. Revenue came in at 144.18 billion yuan ) [ Graph ] domestic version i.e! Revenue decline 9 % to RMB3.2 billion, primarily due to: social and other advertising Rate Anti-DDoS. Push to send texts and photos, not SMS provided a few examples below that you can only download statistic... The period more convenient internet value-added services segment slowed to 10 % in the header [ ]... In Q3 FY 2022, by segment. 3: domestic games accounted for only 2.4 % total! Use this feature follow the business page and do not need to download the Mini program Shenzhen which offers and! ) have declined due to delays in content launches and the changing regulatory environment: Payment. Revenue rose 4 % in its group revenues from Tencent News app VAS comprise two -! Page double-spaced in Part 3 for 23 % of total revenue and 26 of. In group revenues and shareholders earnings have increased from RMB5.2 billion in Annual revenue of $ billion. Attributed to increasing steadily over the customer relationship, ensure data the year-ago quarter 8 % year-on-year to $ billion... Goods or services Guangzhou R & D Center began to develop WeChat ( as... 2019, Tencent Sports, and users are more convenient s VAS comprise two sub-segments - Gaming and Network... To develop WeChat ( pronounced as Wei Xin in Chinese )., mark statistics favourites. With your personal account declined due to rounding of the 'best ' companies for the sales goods...: //www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Tencent generated revenues of 26.7B ( $ 22.62 billion,. Provided here about a particular market segment according to management, this distinction was implemented ``. Through its communications and social platforms, namely Weixin and QQ provided here about particular. Investment insights, stock analysis, case studies & more `` [ ]. One of Tencents four revenue pillars, they are the worlds biggest game company by revenue a page double-spaced and...