Assets. In 2018, the value-added sector of Tencent had a total revenue of 176.6 billion yuan with a 15% growth. 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. Tencent provides a more detailed revenue breakdown of its VAS and Online Advertising segments. The total transaction size of the integrated payment business of Chinese non-financial payment institutions in the fourth quarter of 2019 reached 66461.33 trillion yuan, an increase of 5.74% month-on-month. March 23, 2022. Tencent, the biggest gaming company in the world has released it's Q4 2019 and the year's full earnings report. Please do not hesitate to contact me. Gaming. We discuss the impact of other regulatory changes further in Part 3 . Over the same period, Tencent generated RMB578.8 billion in operating cash flow which signifies high quality of earnings. Its live streaming of game content includes e-sport tournaments such as League of Legends, King of Glory, and Peacekeeper Elite. First, revenues in 2018 was boosted by its broadcasting of the FIFA World Cup in Russia. In contrast, QQ's smart device MAU has been declining since 2018 from 699.8 million MAUs to 552.1 million in 2021 (Tencent does not report an MAU number for non-smart devices). As stated in Tencent's 2020 official interim report, it makes revenue from its four major lines of business as enumerated below; statistic alerts) please log in with your personal account. 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. The 2 key Tencent social network is QQ and WeChat. 4 From the third quarter of 2021, we disclose revenues from Domestic Games and International Games as new sub-segments under Then you can access your favorite statistics via the star in the header. It still has a user base of 612 million users. Please do not hesitate to contact me. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. 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. Upon completion of this transaction, Tencent would increase its voting power to 70.4% and equity stake to 51.0% in Huya Inc. Tencent has delivered stellar growth in revenue and profit over the past 10 years. In the early days, QQ was Tencents key product. Tencent Holdings is a Chinese technology conglomerate holding company that was founded in November 1998. Statista. "Revenue of Tencent in 3rd Quarter 2022, by Segment (in Billion Yuan). 2014.11.13 Warner Music Group and Tencent enter groundbreaking strategic partnership in China . 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. This is a win-win situation. $123.3B. Accessed March 02, 2023. https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Tencent. Tencent Revenue : Yuan 482.06 billion - FY ending Dec 2020 (y-o-y growth 27.8%) Yuan 377.28 billion - FY ending Dec 2019 (y-o-y growth 21.2%) Competitive Analysis . 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). Its various subsidiary companies include Tencent Music Entertainment, Tencent Sports, and Tencent AI. 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. To use individual functions (e.g., mark statistics as favourites, set You only have access to basic statistics. The Spot on, Jones! 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. Domestic Games accounted for 23% of Tencent's total revenue and 74% of revenue from the gaming segment in 2021. 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. In 2019, Tencent generated about 115 billion yuan in revenues from its online games. Riot Games' Teamfight Tactics enhanced It is looking to launch a mobile version of its League. Use Ask Statista Research Service. 2014.07.25 For the full year, revenue in the segment was up 3% to $1.33 billion. 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. Nvidia Corporation is an American multinational technology company. 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. It can be used without downloading and installing. Profits. 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. You can only download this statistic as a Premium user. A paid subscription is required for full access. Tencents business is very diversified. adult classes and additional interest classes such as sports or music can still be advertised), #5: Individual Revenue Contributions Remain Undisclosed For FinTech and Cloud Computing. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. It commenced accelerated computing to solve the most challenging computational problems. In 2019, these businesses contributed 28.9% of group revenues to Tencent. Tencent Holdings Limited is headquartered in Shenzhen, the People's Republic of China. During the last reported year, Tencent Holdings Limited generated 52 percent of its. So, how did Tencent fare during the first half of 2020? 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. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. Tencent attained a CAGR of 36.8% over the past six years in Social Network revenue, up from RMB13.0 billion in 2013 to RMB85.3 billion in 2019. Produced 450+ financial articles featured on KCLau.com in Malaysia and The Fifth Person, Value Invest Asia, and Small Cap Asia in Singapore. Since then, it has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019. 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. Baidu Inc. BIDU. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. Impact of Chinas reopening on Singapore REITs, Top 3 Hong Kong REITs that made you money if you invested from their IPOs (Updated 2023). Note: minor discrepancies may exist between figures due to rounding. 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, ). Use Ask Statista Research Service. In contrast, Media Advertising accounted for only 2.4% of total revenue and 15% of online advertising revenue. Tencent Cloud Revenue Growth Rate in Anti-DDoS System (ADS) Platform Business (2018-2023) Figure 59. In the third quarter of 2022, the internet conglomerate reported a revenue decrease at about 1.6 percent over the same. 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. QQ also started mobile payment with the launch of QQ wallet which facilitated mobile prepaid recharge and various online shopping and transactions. To use individual functions (e.g., mark statistics as favourites, set #3: Domestic Games Contributed To Nearly A Quarter Of Tencent's Total Revenues, In Contrast To 8.1% For International Games. 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. 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). 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. Likewise, the large drop in fair value of listed shares in 2021 is presumably due to the tumble in Chinese stocks following the year's eventful regulatory developments. On January 21, 2011, WeChat was officially released. 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. "Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan)." In this article, Ill summarise Tencents business segments, financial performance, and its recent investment in Huya. The segment made up 22.9 percent of total revenues. Of the 236 million paid subscriptions in 2021, 124 million were Tencent Video subscriptions, 76 million were Tencent Music subscriptions, while the remaining 36 million were subscriptions across Tencent's various other media platforms (see Part 1). 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). 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). Learn more about how Statista can support your business. 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. Revenue climbed 20% to 138.3 billion yuan, in line with expectations. 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. Get full access to all features within our Business Solutions. While we provide a summary of our research, youd have to make your own decisions whether an investment is suitable for your portfolio. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. As a Premium user you get access to the detailed source references and background information about this statistic. [Online]. For the full year 2021, Tencent reported a 16% year-over-year. The WeChat mini program is an application that can be used without downloading or installing. As a Premium user you get access to the detailed source references and background information about this statistic. Annual revenue of Tencent from 2014 to 2021,. You need a Statista Account for unlimited access. Please create an employee account to be able to mark statistics as favorites. Then you can access your favorite statistics via the star in the header. In 2013, Tencent launched Weixin Pay/WeChat Pay, a mobile payment services app widely used in China. 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. "Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan)." PDF. 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. 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. 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. ) As soon as this statistic is updated, you will immediately be notified via e-mail. Please create an employee account to be able to mark statistics as favorites. In 2021, Tencent generated revenues of approximately 291.6 billion yuan from the internet value-added services segment such as online games. This voice messaging feature was only added much later in Whatsapp in August 2013. The online games contributed 58.9% of the revenue with 104 billion yuan. The year 2018 marked a change in its revenue structure. Tencent's revenue from the videogame business fell 1% YoY in the quarter ended June 2022. In 2019, it has a total revenue 377.3B ($53.52 B). Users can chat with friends anytime, anywhere, videos, emoticons, other personalized themes for users, make new friends with similar interests here via groups. Overview 1) Briefly introduce your company and what it does. ), and (3) increased revenue sharing and content costs. WeBank is a privately-owned digital bank located in Shenzhen which offers retail and SME customers savings, loans, and investment services in China. Your email address will not be published. Tencent Holding annual revenue for 2021 was $86.818B, a 24.29% increase from 2020. ", 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. Show publisher information Learn more about how Statista can support your business. In 2019, Tencent derived 53% of group revenues from its VAS businesses. #4: Tencent's Online Advertising Revenue Mostly Derives From The Weixin Platform. The boom in the global videogame industry slowed down after a period of pandemic-driven growth. In Part 1 of our Tencent series, we introduced the history and various components of the Tencent Holdings ecosystem. Due to the ecosystem of mini-programs, people will use WeChat Pay for transportation, food, etc. Show publisher information If you are an admin, please authenticate by logging in again. If you are an admin, please authenticate by logging in again. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. Let us take a look at Tencent key competitor by segmentif(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,600],'investpit_com-large-leaderboard-2','ezslot_6',122,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-large-leaderboard-2-0'); WeChat Pays main competitor in the payment transaction segment is AliPay from Alibaba and UnionPay Commercial. It is social, free and popular on mobile -- the fastest growing segment of gaming. (March 23, 2022). To use individual functions (e.g., mark statistics as favourites, set In a WeChat Open Class in 2020, WeChat Founder Allen Zhang announced that WeChat will soon launch a feature called short video content. 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). The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Note: slight discrepancies may exist between figures due to rounding. As a Premium user you get access to the detailed source references and background information about this statistic. 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. 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. Quarterly revenue from online advertising slumped 13%, while its fintech and business services segment saw a 25% topline growth. * The revenue from smartphone games included the amount attributable to Tencent's social networks business. This statistic is not included in your account. $34.4B. There is also business functionality of QQ that is somewhat similar to Slack, Google Meet, Facebook Business. The overview should not exceed half a page double-spaced. Press release - DeepResearchReports - Global Short Video Ads Solution Market Emerging Trends, Segment Analysis and Industry Forecast 2023 - 2029 - published on openPR.com The ideal entry-level account for individual users. Some of the monetizations include an advertisement from merchants and also consumer spending on in-app purchases. We calculate the investment income generated from Tencent's portfolio each year as a percentage of the ending portfolio value from the preceding year. Currently, you are using a shared account. Tencent is a China-based technology company that is mainly focused on serving the Internet's various services and products. Get full access to all features within our Business Solutions. Profit from the additional features of your individual account. Tencent Holding annual revenue for 2020 was $69.851B, a 27.95% increase from 2019. As a Premium user you get access to background information and details about the release of this statistic. A paid subscription is required for full access. Tencent's annual revenue for 2021 was up 16% compared to the previous year, slowing from the 28% growth it recorded in 2020. Social Network. We examine this more granular breakdown below. Tesla). As of 30 June 2020, Tencent reported 1.2+ billion monthly active users of Weixin and WeChat worldwide combined, and continues to invest in the development of new games and digital content as means to sustain growth for many years to come. In 2014, Tencent established WeBank together with other investors, namely Liye Group and Baiyeyuan. May 23, 2022 The Chinese entertainment tycoonTencent reported a total revenue of 174.3 billion yuan from online games in 2021. The Others segment includes defined contribution pension, asset management and health care businesses. 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. This is contributed by growth in live broadcast and video streaming services during the period. Currently, you are using a shared account. Activision is the company behind Call of Duty, Warcraft, Diablo, Candy Crush, etc. I know they to have a very loyal customer following. 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. MOBA segment, League of Legends, and Honor of Kings are the 2 major hits for Tencent. Sales from mobile games grew 13%. Since its founding, Tencent has found new income streams including high-performance advertising, gaming, digital content, and fintech services. Licaitong. Revenues had grown from RMB12.4 billion in 2009 to RMB377.3 billion in 2019. In this note we discuss Electronic Arts' business model, its revenue segments, sales trends, and forecast. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Get full access to all features within our Business Solutions. Operating profit for the segment was $538 million. A huge part of this monetization is through WeChat mini-programs. 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. Tencent made over $56 billion in revenue in 2019, alone. Gaming Advertisement In 2013, Tencent launched Tencent Cloud. 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