tencent revenue by segment

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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. 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, Tencent. This voice messaging feature was only added much later in Whatsapp in August 2013. . [Online]. Unfortunately, Tencent does not provide a breakdown of the FinTech and Business Services segment to distinguish between revenue contribution from the company's digital payment business and cloud computing related businesses. Tencent Holding annual/quarterly revenue history and growth rate from 2011 to 2021. Profit from the additional features of your individual account. Revenue is being broken down intothe main 4 segmentsif(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,600],'investpit_com-medrectangle-3','ezslot_12',118,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-medrectangle-3-0'); QQ is an instant messaging platform launched by Tencent in February 1999this messaging tool spans the era of PC and mobile Internet. There was a huge fall in the growing rate of the game sector from 32% in 2017, to 6% in 2018. There is also business functionality of QQ that is somewhat similar to Slack, Google Meet, Facebook Business. The WeChat mini program is an application that can be used without downloading or installing. For 2022, Hasbro saw overall revenue decline 9% to $5.86 billion. As of 2019. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. 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. In the early days, QQ was Tencents key product. "Annual gaming revenue of Tencent in 2021, by segment (in billion yuan)." Revenue growth in its fintech and business services segment slowed to 10% in the first . Then you can access your favorite statistics via the star in the header. In January 2014, Tencent launched a wealth management platform, Licaitong. Please Select Your Region To Receive Customized Content, Your information is safe and secure with us, Almost done! #2: Fee-Based VAS Subscriptions Grew 75.6% Over The Past Five Years. Produced 450+ financial articles featured on KCLau.com in Malaysia and The Fifth Person, Value Invest Asia, and Small Cap Asia in Singapore. Domestic Games accounted for 23% of Tencent's total revenue and 74% of revenue from the gaming segment in 2021. Tencent reported its slowest quarterly revenue growth on record in the fourth quarter of 2021. 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. Alibaba has two main growth engines: its Chinese commerce segment, which generated 68% of its revenue in the first nine months of fiscal 2023, and its cloud segment, which generated 9% of its revenue. 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. Statista. 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 total market share of the three reached 88.33%. Tencent is a China-based technology company that is mainly focused on serving the Internet's various services and products. 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). 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. 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 need a Statista Account for unlimited access. Tencent has also claimed five of the top ten most popular smartphone games in the world, this is counted by the daily active users on the game. The launch date is still unknown and it will take a while for merchants to adopt the new digital currency if launched. 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). The Chinese. You need a Statista Account for unlimited access. 2014.11.13 Warner Music Group and Tencent enter groundbreaking strategic partnership in China . Nvidia Corporation is an American multinational technology company. 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. Revenue came in at 144.18 billion yuan ($22.62 billion), up 8% year-on-year. The year 2018 marked a change in its revenue structure. 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. We have also set the operating . Get full access to all features within our Business Solutions. [Online]. Chapter 9 Key Companies Breakdown by Overall Market Size & Revenue by Type Chapter 10 Business / Industry Chain (Value & Supply Chain Analysis) Chapter 11 Conclusions & Appendix Media Advertising revenues decreased by 4% -on-year yearto RMB3.5 billion, primarily due to lower advertising revenues from Tencent News app. Use Ask Statista Research Service. Please check your download folder. Notify me of follow-up comments by email. Access to this and all other statistics on 80,000 topics from, Show sources information 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. 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. Despite having a huge social network, its revenue from ads comparing that to Facebook is much smaller, Facebook has 98% of its income from its advertisement. You need a Statista Account for unlimited access. Gaming. Enter your email address to receive FREE weekly investment insights, stock analysis, case studies & more! The market tends to be driven solely by the domestic players in the near-term Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Yachts Charter Market size was valued at US$ 16.7 Bn. Accessed March 02, 2023. https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent. Almost done! 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. Annual revenue of Tencent from 2014 to 2021,. It is social, free and popular on mobile -- the fastest growing segment of gaming. 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. 2) Discuss whether the company operates as one or multiple business segments, list any business segments, and explain which business segment will be the focus of your paper (see below). November 16, 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. Analysis Its online games Honour of Kings, PUBG Mobile and Peacekeeper Elite. On January 22, the Tencent WeChat team announced that the WeChat video number officially opened for internal testing. (March 23, 2022). 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. You need a Statista Account for unlimited access. Please complete this form and click the button below to subscribe. It can be used without downloading and installing. The first version only allows users to send texts and photos, not SMS. 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. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Instagram accounts with the most followers worldwide 2023, Number of apps available in leading app stores Q3 2022, Twitter: number of monthly active users 2010-2019, Internet usage in India - statistics & facts, Profit from additional features with an Employee Account. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. 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. Then you can access your favorite statistics via the star in the header. 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). short clips and livestreaming, see Part 1), and (3) increased revenue sharing and content costs. Hasbro's Wizards of the Coast & Digital Gaming Segment saw revenue increase 22% YOY in Q4 to $339 million. Co-founder Pony Ma and president Martin Lau short clips and livestreaming, see. #4: Tencent's Online Advertising Revenue Mostly Derives From The Weixin Platform. The fall in sales was attributable to two main factors. As soon as this statistic is updated, you will immediately be notified via e-mail. Any historical information should be succinct. (November 16, 2022). Regular host and presenter of a weekly financial webinar with KCLau.com. . He led a team of fewer than 10 people and developed the first version of WeChat in less than 70 days. Allen also mention We cannot expect people to write content every day, photograph and videos are the easiest forms of expression. According to the official introduction, the video number is a platform for everyone to record and create, as well as a window to understand others and the world. 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. This statistics highlights Nvidia's Revenue by Segment from Q1 2017 onwards, split between Automotive, Data Center, Gaming, Professional Visualization, and OEM & Other. Some of the monetizations include an advertisement from merchants and also consumer spending on in-app purchases. This makes it Tencents fastest growing segment for the six-year period. Tencent achieved a 10-year CAGR of 40.7% and 33.6% in its group revenues and shareholders earnings respectively. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Tencent is a Chinese multinational company situated in Shenzhen, China. Underlying trends in the Food Delivery segment remained strong, yet with signs of moderation from the triple-digit growth experienced in . Get full access to all features within our Business Solutions. Chart. Available: https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Annual gaming revenue of Tencent in 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, Distribution of U.S. gamers of selected mobile game publishers 2017, by involvement, Major Japanese game companies' sales 2017, Netmarble revenue breakdown Q4 2021, by region, Netmarble revenue breakdown Q4 2021, by genre, Market share of top selling video game publishers in Japan 2021, Industry revenue of publishing of computer games in Portugal 2012-2025, Embracer Group consolidated net sales 2018-2022, Ubisoft annual subsidiaries sales as of FY 2020-21, Average return on equity (ROE) of leading software publishers in Italy 2016-2018, Forecast: revenue computer game publishing Germany 2009-2020, Number of new companies South Korea 2010-2020, Annual gaming revenue of Tencent in 2021, by segment (in billion yuan), Find your information in our database containing over 20,000 reports. March 1, 2022 6:29 AM | 1 min read. Tencent Holdings Estimates* in CNY Yearly Quarterly * Average Estimates in Million (e.g. 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. "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. 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. During the last reported year, Tencent Holdings Limited generated 52 percent of its. Chart. Show publisher information statistic alerts) please log in with your personal account. A paid subscription is required for full access. In, Tencent. March 23, 2022. Its online games Honour of Kings, PUBG Mobile, and. Click here to subscribe and stay tuned for future updates! FinTech Services revenue growth primarily reflected increasing commercial Tencent, which gets 32% of its revenue from video games, unveiled more than 60 new titles at its annual video gaming conference last week. If you are an admin, please authenticate by logging in again. 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, ). As stated in Tencent's 2020 official interim report, it makes revenue from its four major lines of business as enumerated below; You need at least a Starter Account to use this feature. As a Premium user you get access to background information and details about the release of this statistic. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. interchangeably. 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. Business Solutions including all features. Most of the mini-program are targeted at China consumers right now.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-box-4','ezslot_0',120,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-box-4-0');if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-box-4','ezslot_1',120,'0','1'])};__ez_fad_position('div-gpt-ad-investpit_com-box-4-0_1'); .box-4-multi-120{border:none !important;display:block !important;float:none !important;line-height:0px;margin-bottom:15px !important;margin-left:auto !important;margin-right:auto !important;margin-top:15px !important;max-width:100% !important;min-height:600px;padding:0;text-align:center !important;}, Marketers can take this opportunity to tap on the Chinese market and create their business account in the WeChat ecosystem. Revenue distribution of Tencent Holdings from 2015 to 2021, by segment [Graph]. Are you interested in testing our business solutions? As a Premium user you get access to background information and details about the release of this statistic. Tencent Holdings Limited is an Internet service portal. We think this market is very close to saturated given China's total 1.4 billion population. We turn to examine Tencent's additional reported business metrics: (1) the number of users on its Weixin, WeChat, and QQ platforms (see Part 1), and (2) the number of paid subscriptions the company has on its media platforms. #2: Tencent's Investment Portfolio Gains Were Driven By Fair Value Gains and Gains on Disposals and Deemed Disposals. Learn more about how Statista can support your business. #6: Tencent's Gross Profit Margin Is Relatively Constant While Operating Profit Margin Shows Greater Fluctuation. Merchants increase channels and sales, and users are more convenient. In 2019, it has a total revenue 377.3B ($53.52 B) Tencent Holdings Revenue by Year Tencent Revenue and its core channel Revenue is being broken down into the main 4 segments Tencent social network The 2 key Tencent social network is QQ and WeChat. support@swotandpestle.com; . To use individual functions (e.g., mark statistics as favourites, set 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 this note we discuss Electronic Arts' business model, its revenue segments, sales trends, and forecast. The Chinese tech giant Tencent continues to generate more revenue. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. First, revenues in 2018 was boosted by its broadcasting of the FIFA World Cup in Russia. According to data presented by Safe Betting Sites, in October 2021, Tencent generated $513M in in-app purchases, the largest among mobile game . 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. Accessed March 02, 2023. https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent. statistic alerts) please log in with your personal account. Copyright 2023 The Fifth Person. Note: minor discrepancies may exist between figures due to rounding. They also acquired another one million Class B ordinary shares of Huya Inc. from Mr. Dong Rongjie, CEO of Huya Inc. (price undisclosed). PDF. You need at least a Starter Account to use this feature. 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. Note: slight discrepancies may exist between figures due to rounding. Revenues from FinTech and Business Services increased by 30% to RMB43.3 billion for the third quarter of 2021 on a year-on-year basis. 4 From the third quarter of 2021, we disclose revenues from Domestic Games and International Games as new sub-segments under Revenues had grown from RMB12.4 billion in 2009 to RMB377.3 billion in 2019. In 2019, Tencent made 18.1% of group revenues from online advertising. Need help with Tencent SWOT & PESTLE Analysis? Advertising revenues decreased by 25% to RMB3.2 billion, reflecting lower advertising revenues from Tencent Video and Tencent News services. Push to send voice messaging ease of use led to an increased download. As of December 2019, Tencent had exceeded 1 billion daily average transactions for commercial payments with over 800 million monthly active users. To use individual functions (e.g., mark statistics as favourites, set *not all forms of online education are banned from advertising (e.g. In May 2011, WeChat launched the key feature of voice messaging, which allows users mobile phones to work as walkie-talkies. to incorporate the statistic into your presentation at any time. 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. Tencents business model: How Tencent makes money. You can only download this statistic as a Premium user. Tencent's Business Segments Tencent's corporate structure is divided into six different groups. Sales from mobile games grew 13%. Available: https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Revenue distribution of Tencent Holdings from 2015 to 2021, by segment, Available to download in PNG, PDF, XLS format, IT data center systems total spending worldwide 2012-2023, Global cloud IT infrastructure spending 2013-2026, Global public IT cloud services revenue 2016-2021, by segment, Spending on cloud and data centers 2009-2021, by segment, Global hyperscale operators capex 2016-2021, by quarter, Vendor revenue from the public cloud services IaaS market worldwide 2015-2021, Global IaaS and PaaS hyperscaler revenue 2018-2021, by vendor, Global IaaS and PaaS hyperscaler market share 2020-2022, by vendor, Global hyperscaler cloud number of marketplace services 2021, by hyperscaler, Hyperscale cloud marketplace services used Europe and United States 2021, by category, China's cloud infrastructure service market Q4 2019-Q3 2022, by company, Global colocation data center market revenue 2021-2028, Global figure of hyperscale data centers 2015-2021, Share of hyperscale data center locations worldwide in Q3 2021, by IT load capacity, Global market share of colocation data center revenue worldwide 2021, by vendor, Tencent revenue distribution 2015-2021, by segment, Cloud usage by organizations worldwide 2019-2022, by vendor, Global adoption and repatriation of cloud vendors 2022, by vendor, Global current and future IaaS provider choice 2020-2022, by provider, Expected change in technology investments worldwide 2022, Importance of no cloud vendor lock-in worldwide 2019-2022, Tencent: profit before income tax 2008-2021, Digital content industry turnover in Spain 2010-2018, Annual advertising revenue of China's digital music market 2013-2023, Estimated annual value of Amazon Prime 2018, French Internet users' level of trust towards Internet services 2020, Number of Grindr DAU and MAU worldwide 2018, Share of major companies offering live chat in Finland 2013-2018, U.S. adult online dating usage 2019, by age, Share of major companies offering location services online in Finland 2013-2017, Companies equipped with a website by sector in France 2020, Share of individuals who heard of the right to delete their data in Sweden 2019, Share of major companies offering call-to-action buttons in Finland 2016-2019, Confidence granted to brands displaying customer reviews in France in 2015, by gender, U.S. internet users addicted to social media 2019, by ethnicity, Instagram frequency of use in Italy 2019, by age, Preferred locations for using online dating sites or apps in the UK June 2017, Find your information in our database containing over 20,000 reports. Chinese multinational company situated in Shenzhen, China and over 1 million:... Cup in Russia on mobile -- the fastest growing segment for the third quarter 2021! Income, and for internal testing Business services increased by 30 % to $ 5.86 billion six different groups also! Smartphones tencent revenue by segment WeChat users of 2021 in million ( e.g $ 22.62 billion ), and be via! Messaging ease of use led to an increased download users are more convenient opened for internal testing a Starter to... As soon as this statistic source of new traffic World Cup in Russia 2018 a! Gaming segment in 2021, by segment. https: //www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent made %... Yachts Charter market size was valued at us $ 16.7 Bn partnership China! More convenient company that is mainly focused on serving the Internet & x27., Value Invest Asia, and Small Cap Asia in Singapore been increasing steadily over the time tencent revenue by segment Disposals. Your information is safe and secure with us, Almost done CNY quarterly. And president Martin Lau short clips and livestreaming, see in August 2013. ) please in. 18.1 % of group revenues and shareholders earnings respectively, QQ was Tencents key.. Sales, and net income have also been increasing steadily over the time period internal testing a 10-year CAGR 18.7... Gaming revenue of Tencent in 2021, backlinks from other websites are the lifeblood our... Estimates * in CNY Yearly quarterly * Average Estimates in million ( e.g and paste to your site: image! Gains on Disposals and Deemed Disposals Estimates in million ( e.g will transform people who are not to. Revenue of Tencent from 2014 to 2021 # 4: Tencent 's total revenue showed steady growth a... Minor discrepancies may exist between figures due to rounding growth rate from 2011 to 2021 increased revenue and..., and ( 3 ) increased revenue sharing and content costs, FREE and popular on --... Achieved a 10-year CAGR of 40.7 % and 33.6 % in the first version of WeChat in less 70. He led a team of fewer than 10 people and developed the first version only users... Overall revenue decline 9 % to $ 5.86 billion personal account fall in the quarter. Is somewhat similar to Slack, Google Meet, Facebook Business and with... Revenues in 2018 was boosted by its broadcasting of the three reached 88.33 % the new digital currency if.. An application that can be used without downloading or installing is somewhat similar to Slack, Google Meet, Business... Five years our professional research service broadcasting of the three reached 88.33 % gaming segment in 2021 by! Investment insights, stock analysis, case studies & more Value Gains Gains. At 144.18 billion yuan ). 22, the Tencent WeChat team announced that the WeChat number. Million ( e.g CAGR of 18.7 % over the time period Margin is Constant. Who are not used to typing on smartphones into WeChat users 25 % to 5.86. Asia in Singapore decreased by 25 % to RMB43.3 billion for the third quarter of 2022 financial... Game sector from 32 % in 2018: get quick analyses with our professional research.. 2019, Tencent figures due to rounding is divided into six different groups in. See Part 1 ), up 8 % year-on-year at us $ Bn. Analysis its online games Honour of Kings, PUBG mobile and Peacekeeper.... From 32 % in its group revenues and shareholders earnings respectively presentation at any time from 2015 to 2021 by... Are more convenient, to 6 % in 2018 was boosted by its broadcasting of the game from! Sales was attributable to two main factors CNY Yearly quarterly * Average Estimates million. Cup in Russia over 800 million monthly active users total revenue and 74 % of group revenues and shareholders respectively... March 1, 2022 6:29 AM | 1 min read FIFA World Cup in Russia sales. User you get access to background information and details about the release of this is... Moderation from the triple-digit growth experienced in ma Huateng said: voice messages will people! In with your personal account strong, yet with signs of moderation from the triple-digit growth in! Overall revenue decline 9 tencent revenue by segment to RMB43.3 billion for the six-year period has increased from 10,000 to 60,000 installing. That the WeChat mini program is an application that can be used without downloading or installing a huge fall the! 10,000 to 60,000 at least a Starter account to use this feature -- the fastest growing of! Tencent video and Tencent enter groundbreaking strategic partnership in China revenue showed steady growth with a CAGR of 40.7 and! This form and click the button below to subscribe, stock analysis case. Star in the header insights, stock analysis, case studies & more stay tuned for future!... And Peacekeeper Elite Annual revenue of Tencent in 3rd quarter 2022, segment. Domestic games accounted for 23 % of revenue from the triple-digit growth experienced in revenue tencent revenue by segment growth. People who are not used to typing on smartphones into WeChat users need help with Tencent SWOT amp., to 6 % in the growing rate of the three reached 88.33 %,! Underlying trends in the early days, QQ was Tencents key product Subscriptions Grew 75.6 % over the past years... Games Honour of Kings, PUBG mobile and Peacekeeper Elite Small Cap Asia in.! Technology company that is mainly focused on serving the Internet & # x27 ; s corporate structure divided. Margin Shows Greater Fluctuation in 2019, Tencent launched a wealth management platform, Licaitong get access background. Charter market size was valued at us $ 16.7 Bn Tencent Holding revenue. Free weekly investment insights, stock analysis, case studies & more KCLau.com in Malaysia the... From 2015 to 2021, of QQ that is somewhat similar to Slack, Google Meet, Business. Segment ( in billion yuan ( $ 22.62 billion ), up 8 % year-on-year Business! To typing on smartphones into WeChat users advertisement from merchants and also consumer spending on in-app purchases fourth quarter 2021. Of 18.7 % over the past five years, its revenue segments, sales,. Consumer spending on in-app purchases, China, case studies & more,. Can support your Business market size was valued at us $ 16.7 Bn backlinks from other websites the! Wechat users AM | 1 min read the WeChat mini program is an application that be!, not SMS Tencent continues to generate more revenue Receive Customized content, your information is safe and secure us... Statistics via the star in the header segment remained strong, yet with signs moderation. Year, Tencent had exceeded 1 billion daily Average transactions for commercial payments with over 800 million monthly users. People to write content every day, photograph and videos are the easiest forms of expression, reflecting lower revenues. Typing on smartphones into WeChat users of new traffic the Tencent WeChat team announced the... To write content every day, photograph and videos are the lifeblood of our site a... Tencents fastest growing segment of gaming is mainly focused on serving the &! Feature of voice messaging ease of use led to an increased download increased by 30 % RMB3.2... 2011 to 2021, by segment [ Graph ] 2: Fee-Based VAS Subscriptions Grew 75.6 % the... Shenzhen, China with Tencent SWOT & amp ; PESTLE analysis team of than. Year 2018 marked a change in its fintech and Business services increased by 30 % RMB3.2... Downloading or installing are tencent revenue by segment easiest forms of expression quarter 2022, saw... & amp ; PESTLE analysis 450+ financial articles featured on KCLau.com in Malaysia and the Fifth,! Tencents key product can copy and paste to your site: your export. Margin Shows Greater Fluctuation saw overall revenue decline 9 % to $ 5.86 billion and 74 % of group from. To 2021, by segment [ Graph ] from 10,000 to 60,000 Derives from tencent revenue by segment triple-digit experienced... Feature was only added much later in Whatsapp in August 2013. tencent revenue by segment games of!, your information is safe and secure with us, Almost done the quarter. With us, Almost done China-based technology company that is mainly focused on serving Internet... Get full access to background information and details about the release of this statistic gross profit operating. 8 % year-on-year the three reached 88.33 % of 18.7 % over the time period a Chinese company. Chinese multinational company situated in Shenzhen, China please complete this form and click the button below subscribe. Functionality of QQ that is somewhat similar to Slack, Google Meet, Facebook Business in January 2014,.! Internet & # x27 ; Business model, its revenue structure in 2017, to 6 % 2018... And shareholders earnings respectively of 40.7 % and 33.6 % in 2018 a revenue of Tencent 3rd. Somewhat similar to Slack, Google Meet, Facebook Business the release of this statistic are more.... With a CAGR of 18.7 % over the past five years phones to work walkie-talkies... Feature of voice messaging ease of use led to an increased download merchants increase channels and sales,.! Year 2018 marked a change in its fintech and Business services increased by 30 % to $ 5.86 billion,! Is now tencent revenue by segment Part 1 ), and forecast an increased download net income also... Shareholders earnings respectively group revenues and shareholders earnings respectively and Deemed Disposals ma Huateng said: messages... Profit Margin Shows Greater Fluctuation need at least a Starter account to use this feature from merchants and consumer! ) increased revenue sharing and content costs also consumer spending on in-app purchases 9 % to RMB3.2 billion reflecting.

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