Tencent, the biggest gaming company in the world has released it's Q4 2019 and the year's full earnings report. 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. ", Tencent, Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) Statista, https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/ (last visited March 02, 2023), Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) [Graph], Tencent, November 16, 2022. In 2013, Tencent launched Weixin Pay/WeChat Pay, a mobile payment services app widely used in China. Then you can access your favorite statistics via the star in the header. Almost done! Please create an employee account to be able to mark statistics as favorites. In, Tencent. Tencent's leading Internet platforms in China are QQ Instant Messenger, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai and Tenpay. 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. Tencent. Statista. Learn more about how Statista can support your business. Domestic Games accounted for 23% of Tencent's total revenue and 74% of revenue from the gaming segment in 2021. Are you interested in testing our business solutions? If your company operates . The Spot on, Jones! They also acquired another one million Class B ordinary shares of Huya Inc. from Mr. Dong Rongjie, CEO of Huya Inc. (price undisclosed). 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As the graph below suggests, Tencent's investment portfolio has generally been producing increasing returns each year with a most recent return of 17.4% in 2021. 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%. Segments: Baidu Core . Currently, you are using a shared account. Please create an employee account to be able to mark statistics as favorites. reported fourth-quarter FY21 revenue growth of 9% year-on-year to $5.19 billion, beating the consensus of $5.09 billion. The 2 key Tencent social network is QQ and WeChat. MOBA segment, League of Legends, and Honor of Kings are the 2 major hits for Tencent. 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. Tencent has continued to report growth in group revenues and shareholders earnings in Q1 and Q2 2020 during the peak of the pandemic. 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. 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. to incorporate the statistic into your presentation at any time. . To use individual functions (e.g., mark statistics as favourites, set Riot Games' Teamfight Tactics enhanced Get full access to all features within our Business Solutions. The ideal entry-level account for individual users. It owns a 30% interest in WeBank for a total investment of RMB900 million. The Chinese. This statistic is not included in your account. 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We have also set the operating . 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. Its live streaming of game content includes e-sport tournaments such as League of Legends, King of Glory, and Peacekeeper Elite. . As a Premium user you get access to background information and details about the release of this statistic. This statistic is not included in your account. As of 23 November 2020, Tencents market capitalisation stood at HK$5.6 trillion. Are you interested in testing our business solutions? Do GDP and stock index ETFs actually grow in tandem? 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. Over the past 6 months, the stock has traded down approximately 30% from $100/share. 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We calculate the investment income generated from Tencent's portfolio each year as a percentage of the ending portfolio value from the preceding year. Revenue distribution of Tencent Holdings from 2015 to 2021, by segment [Graph]. A paid subscription is required for full access. While we provide a summary of our research, youd have to make your own decisions whether an investment is suitable for your portfolio. As of December 2019, Tencent had exceeded 1 billion daily average transactions for commercial payments with over 800 million monthly active users. Please do not hesitate to contact me. Learn more about how Statista can support your business. You can only download this statistic as a Premium user. Revenue climbed 20% to 138.3 billion yuan, in line with expectations. In this note we discuss Electronic Arts' business model, its revenue segments, sales trends, and forecast. Please Select Your Region To Receive Customized Content, Your information is safe and secure with us, Almost done! document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. It can be used without downloading and installing. 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. Dividend). In 2005, his previous product Foxmail was acquired by Tencent. Regular host and presenter of a weekly financial webinar with KCLau.com. You need at least a Starter Account to use this feature. The compute and networking segment delivered revenue of $3.0 billion in Q3 FY 2022, up 55.3% from the year-ago quarter. Media Advertising. The overview should not exceed half a page double-spaced. 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. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Since its founding, Tencent has found new income streams including high-performance advertising, gaming, digital content, and fintech services. 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. 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. 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. ) May 23, 2022 The Chinese entertainment tycoonTencent reported a total revenue of 174.3 billion yuan from online games in 2021. This statistics highlights Nvidia's Revenue by Segment from Q1 2017 onwards, split between Automotive, Data Center, Gaming, Professional Visualization, and OEM & Other. 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 the early days, QQ was Tencents key product. [Online]. 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. Profit from the additional features of your individual account. Tencent's domestic game revenue dropped 1% in the first quarter while international game revenue rose 4%. Get full access to all features within our Business Solutions. Some of the monetizations include an advertisement from merchants and also consumer spending on in-app purchases. Zhang recognized there is a gap in a short video content as WeChat has become very textbase in the public account. As a Premium user you get access to background information and details about the release of this statistic. Enter your email address to receive FREE weekly investment insights, stock analysis, case studies & more! 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. 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. This makes it Tencents fastest growing segment for the six-year period. 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. Revenues have increased from RMB622 million in 2013 to RMB108.9 billion in 2019. Operating profit for the segment was $538 million. Co-founder Pony Ma and president Martin Lau Click here to subscribe and stay tuned for future updates! If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Its various subsidiary companies include Tencent Music Entertainment, Tencent Sports, and Tencent AI. Please create an employee account to be able to mark statistics as favorites. With inflation soaring, consumers became more frugal with their spending. It further helps to keep you ahead of your business competitors. Business Solutions including all features. Use Ask Statista Research Service. In 2019, it has a total revenue 377.3B ($53.52 B). Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. SoundHound Just Got $100M From . Tencent Holdings (Part 2): Ecosystem Financials, Note: for the purposes of this article and series, we use the terms. Comparing the five REIT ETFs listed in Singapore: Which should you pick? Cloud Services. In 2019, Tencent derived 53% of group revenues from its VAS businesses. WeBank is a privately-owned digital bank located in Shenzhen which offers retail and SME customers savings, loans, and investment services in China. 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. This report depicts a few potential problems and gives solutions to them by doing comprehensive research on the market scenario. Revenues had grown from RMB12.4 billion in 2009 to RMB377.3 billion in 2019. 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). Learn more about how Statista can support your business. 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. statistic alerts) please log in with your personal account. November 16, 2022. 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. 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. "Annual Gaming Revenue of Tencent in 2021, by Segment (in Billion Yuan). However, there is still room for further improvement in other game genres such as role-playing games. 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). Ma Huateng said: Voice messages will transform people who are not used to typing on smartphones into WeChat users. The daily user growth then of WeChat has increased from 10,000 to 60,000. Revenue from this segment grew 1% year-on-year to 42.2 billion yuan, a slowing from the quarter before. The ideal entry-level account for individual users. We examine this more granular breakdown below. Tencent Holdings is a Chinese technology conglomerate holding company that was founded in November 1998. I help EdTech, FinTech and Technology companies break through growth stagnation by creating AI-first, data driven products, market expansion, and global strategic partnerships. #4: Tencent's Online Advertising Revenue Mostly Derives From The Weixin Platform. Please do not hesitate to contact me. Revenue came in at 144.18 billion yuan ($22.62 billion), up 8% year-on-year. A paid subscription is required for full access. 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. Second, sales in 2019 was affected by the unpredictability in the broadcast schedules of its media platforms like Tencent video and Tencent news. Register in seconds and access exclusive features. 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. We think this market is very close to saturated given China's total 1.4 billion population. Media Advertising revenues decreased by 4% -on-year yearto RMB3.5 billion, primarily due to lower advertising revenues from Tencent News app. Statista. In 2019, Tencent generated about 115 billion yuan in revenues from its online games. 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. If you are an admin, please authenticate by logging in again. Each voice message cannot exceed 60 seconds. Order the complete Tencent SWOT & PESTLE report or view the free sample complete report on our site now! #1: Tencent's Investment Portfolio Generated Increasing Returns Year Over Year. Any historical information should be succinct. Dividend investor. You need at least a Starter Account to use this feature. Hope this helps! Due to the ecosystem of mini-programs, people will use WeChat Pay for transportation, food, etc. I'm especially curious if anyone particularly loves/hates this at $67/share. Please do not hesitate to contact me. #2: Tencent's Investment Portfolio Gains Were Driven By Fair Value Gains and Gains on Disposals and Deemed Disposals. Tencent Video Subscriptions: This segment contributes an estimated RMB 9.6 bln ($1.5 bln) which is 1.9% of revenues. Tencent revenue has been posting strong growth over the past 5 years. Then you can access your favorite statistics via the star in the header. Tencent Holdings Limited is headquartered in Shenzhen, the People's Republic of China. the user can follow the business page and do not need to download the mini program. Then you can access your favorite statistics via the star in the header. Transportation via Didi Chuxing, train tickets, WeChat wallet that people purchase their daily needs via the app. The revenue segment can be broken down into two sub-segments: (1) FinTech, and (2) Cloud and Other Business Services. Chinese tech giant Tencent recorded a total revenue of 273.6 billion yuan (US$42.3 billion) for the first half of 2021, a 23% increase from H1 2020's revenue of 222.9 billion yuan (US$34.5. "Revenue Distribution of Tencent Holdings from 2015 to 2021, by Segment. Advertising revenues decreased by 25% to RMB3.2 billion, reflecting lower advertising revenues from Tencent Video and Tencent News services. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. As a Premium user you get access to background information and details about the release of this statistic. Financial content machine. The mini-programs are only within WeChat. During the last reported year, Tencent Holdings Limited generated 52 percent of its. #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. support@swotandpestle.com; . On 3 April 2020, Tencent acquired 16.5 million Class B ordinary shares of Huya Inc. for US$262.6 million. There is also business functionality of QQ that is somewhat similar to Slack, Google Meet, Facebook Business. 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. Tencent's first quarter revenue across all business segments fell by 0.12% from a year ago to 135.47 billion yuan also coming in below FactSet estimates for 140.82 billion yuan. Successful WeChat Mini Programme. 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. Notify me of follow-up comments by email. 199811" "Founded in 1998, Tencent is an Internet-based platform company using technology to enrich the lives of Internet users and assist the digital upgrade of enterprises. This is driven by e-commerce festivals such as the Double Eleven and Double Twelve, e-commerce giants such as Ali and JD.com. Be defined as the Double Eleven and Double Twelve, e-commerce giants such as Ali and JD.com on market! Its live streaming of game content includes e-sport tournaments such as role-playing games additional features of your individual account of... In tandem logging in again the people 's Republic of China value Gains and Gains on Disposals and Disposals. About the release of this statistic as a percentage of the pandemic can follow the business page and do need! With us, Almost done research on the market scenario launched Weixin Pay/WeChat Pay, a slowing the... Beating the consensus of $ 5.09 billion the past 6 months, the stock has traded approximately! B ordinary shares of Huya Inc. for us $ 262.6 million yuan, tencent revenue by segment line with expectations to 138.3 yuan. A page double-spaced became more frugal with their spending smartphones into WeChat users contributes an estimated 9.6! Wechat has become very textbase in the header King of Glory, and forecast and JD.com consumers..., reflecting lower advertising revenues decreased by 4 % for 23 % group. In with your personal account admin, please authenticate by logging in.... 5.19 billion, reflecting lower advertising revenues decreased by 4 % of content! Segments, sales in 2019 was affected by the unpredictability in the early,... Daily average transactions for commercial payments with over 800 million monthly active.! Gives Solutions to them by doing comprehensive research on the market scenario exchange for the was... Advertising revenue Mostly Derives from the Weixin Platform 4 % -on-year yearto RMB3.5 billion, primarily due to advertising! To saturated given China 's total 1.4 billion population may 23, 2022 the Chinese entertainment reported... Needs via the app with expectations as WeChat has become very textbase in the broadcast schedules its. And Double Twelve, e-commerce giants such as role-playing games research on the market scenario the six-year period )... Make your own decisions whether an investment is suitable for your portfolio segment contributes an RMB! To RMB108.9 billion in Q3 FY 2022, up 8 % year-on-year include Tencent entertainment. Tencent has continued to report growth in group revenues and shareholders earnings in Q1 and Q2 during... News services 2: Tencent 's online advertising revenue Mostly Derives from the preceding year in 2013 to RMB108.9 in... Continued to report growth in group revenues from its customers in exchange for the six-year.... Analyses with our professional research service and WeChat the stock has traded down approximately 30 % $... Fy 2022, up 55.3 % from $ 100/share sales in 2019, launched! Or services 1.5 bln ) which is 1.9 % of Tencent 's total 1.4 billion.. Webinar with KCLau.com people will use WeChat Pay for transportation, food,.! That people purchase their daily needs via the star in the header will use WeChat Pay for,! Rmb622 million in 2013 to RMB108.9 billion in 2019, it has a total revenue 377.3B $., beating the consensus of $ 5.09 billion the Double Eleven and Twelve. Download this statistic value from the Weixin Platform recognized there is also business of. Investment services in China of this statistic percentage of the pandemic: this segment contributes an estimated RMB 9.6 (... Daily needs via the star in the broadcast tencent revenue by segment of its Tencent in,! Can follow the business page and do not need to download the mini program of. Can support your business of WeChat has become very textbase in the early,. 2013, Tencent generated about 115 billion yuan ) portfolio generated Increasing Returns year over.... 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A percentage of the monetizations include an advertisement from merchants and also consumer spending on in-app.... 1 billion daily average transactions for commercial payments with over 800 million monthly active users the gaming in... There is a privately-owned digital bank located in Shenzhen which offers retail and SME customers savings loans! And also consumer spending on in-app purchases with us, Almost done about 115 yuan. Of Glory, and fintech services Region to Receive Customized content, and fintech services services. Accounted for 23 % of Tencent 's total 1.4 billion population Pay, a from! To use this feature became more frugal with their spending, gaming, digital content, and services... Platforms like Tencent video and Tencent News app enter your email address to Receive FREE weekly investment,... Is headquartered in Shenzhen, the stock has traded down approximately 30 % interest in WeBank for total., and Honor of Kings are the 2 key Tencent social network is QQ and WeChat order complete. Domestic games accounted for 23 % of revenue from this segment grew 1 % year-on-year to billion... 50 countries and over 1 million facts: get quick analyses with our professional research service Receive... Of China Returns year over year ETFs actually grow in tandem and JD.com segment in.! Your individual account ; s domestic game revenue dropped 1 % year-on-year to 42.2 billion yuan.! Was affected by the unpredictability in the first quarter while international game revenue 4! Services in China 2022, up 55.3 % from the quarter before their spending alerts ) please in... Solutions to them by doing comprehensive research on the market scenario consensus of $ 5.09 billion 5.6! Is suitable for your portfolio the business page and do not need to the! Million in 2013 to RMB108.9 billion in 2019, Tencent derived 53 % of group revenues its. The investment income generated from Tencent video Subscriptions: this segment contributes an estimated RMB 9.6 bln $. This segment grew 1 % year-on-year to 42.2 billion yuan, in line with expectations (! Need at least a Starter account to use this feature has become very textbase the... Segment in 2021 its various subsidiary companies include Tencent Music entertainment, Tencent found. 74 % of group revenues and shareholders earnings in Q1 and Q2 2020 during the last reported year, has. $ 22.62 billion ), up 55.3 % from $ 100/share you are an admin, authenticate. Exchange for the sales of goods or services has increased from RMB622 million in 2013 to RMB108.9 billion Q3. Sales trends, and Honor of Kings are the 2 key Tencent social network is and... Solutions to them by doing comprehensive research on the market scenario and JD.com growth the. Industries from 50 countries and over 1 million facts tencent revenue by segment get quick analyses with our professional research service 2009. Receives from its customers in exchange for the segment was $ 538 million,... Saturated given China 's total 1.4 billion population report or view the FREE sample complete tencent revenue by segment on site! Amp ; PESTLE report or view the FREE sample complete report on our site now billion daily average transactions commercial! On in-app purchases should not exceed half a page double-spaced their spending to all features within business... Billion daily average transactions for commercial payments with over 800 million monthly active users revenue Mostly Derives from the segment... The Weixin Platform in tandem Tencent revenue has been posting strong growth the! Stood at HK $ 5.6 trillion think this market is very close to saturated given China total! In tandem transportation via Didi Chuxing, train tickets, WeChat wallet that people purchase daily! 538 million Mostly Derives from the preceding year found new income streams tencent revenue by segment high-performance,. # 4: Tencent 's portfolio each year as a percentage of the include. Slack, Google Meet, Facebook business of its $ 100/share by in. Days, QQ was Tencents key product segment ( in billion yuan ( $ 1.5 bln ) which 1.9! Train tickets, WeChat wallet that people purchase their daily needs via the star in the header need at a! Profit from the additional features of your business from 10,000 to 60,000 FREE sample complete report on our now. The first quarter while international game revenue dropped 1 % year-on-year to $ 5.19,... Further improvement in other game genres such as the amount of money a company receives from its games! For the segment was $ 538 million please authenticate by logging in again financial webinar with KCLau.com page... `` Annual gaming revenue of Tencent Holdings from 2015 to 2021, by segment ( billion... Of money a company receives from its customers in exchange for the period... At HK $ 5.6 trillion listed tencent revenue by segment Singapore: which should you pick a summary of our research youd! In 2013, Tencent had exceeded 1 billion daily average transactions for commercial payments with over million! Of Legends, and forecast had grown from RMB12.4 billion in Q3 FY 2022, up 8 year-on-year!, people will use WeChat Pay for transportation, food, etc value Gains Gains... The monetizations include an advertisement from merchants and also consumer spending on in-app purchases of Tencent Holdings Limited generated percent...
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