tencent revenue by segment

(March 23, 2022). Successful WeChat Mini Programme. Segments: Baidu Core . 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). Zhang recognized there is a gap in a short video content as WeChat has become very textbase in the public account. 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. Chart. The market tends to be driven solely by the domestic players in the near-term Tencent Grows Online Gaming Revenues By 45% Year-Over-Year The annual growth in online gaming revenues marks the third consecutive quarter for this year in which the segment has. In the third quarter of 2022, the internet conglomerate reported a revenue decrease at about 1.6 percent over the same. Profit from the additional features of your individual account. Tencent Holding annual revenue for 2021 was $86.818B, a 24.29% increase from 2020. A huge part of this monetization is through WeChat mini-programs. Second, sales in 2019 was affected by the unpredictability in the broadcast schedules of its media platforms like Tencent video and Tencent news. Some of the monetizations include an advertisement from merchants and also consumer spending on in-app purchases. Assets. Currently, you are using a shared account. You can only download this statistic as a Premium user. This is due to an increase in revenue contributions from popular games that Tencent has developed like Honour of Kings, QQ Speed Mobile, and Peacekeeper Elite. Nice to finally get a bit of clarity into how the mysterious 'others' revenue segment is broken down. The ideal entry-level account for individual users. You can only download this statistic as a Premium user. The FinTech and business services segment refers to revenue generated from Tencent's financial technology (FinTech) business, cloud computing initiatives, and other business services. 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. This report depicts a few potential problems and gives solutions to them by doing comprehensive research on the market scenario. You only have access to basic statistics. The 2 key Tencent social network is QQ and WeChat. The WeChat mini program is an application that can be used without downloading or installing. In 2019, Tencent made 18.1% of group revenues from online advertising. . As soon as this statistic is updated, you will immediately be notified via e-mail. 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). "Revenue Distribution of Tencent Holdings from 2015 to 2021, by Segment. Media Advertising revenues decreased by 4% -on-year yearto RMB3.5 billion, primarily due to lower advertising revenues from Tencent News app. 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. Over the same period, Tencent generated RMB578.8 billion in operating cash flow which signifies high quality of earnings. 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. March 23, 2022. We note that FinTech and Business Services was only established as a standalone business segment in 2019, prior to which the initiatives involved were classified under the Others segment. PDF. In 2019, these businesses contributed 28.9% of group revenues to Tencent. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. to incorporate the statistic into your presentation at any time. In, Tencent. To use individual functions (e.g., mark statistics as favourites, set It is social, free and popular on mobile -- the fastest growing segment of gaming. 3 Please refer to the official announcement for details. Copyright 2023 The Fifth Person. * The revenue from smartphone games included the amount attributable to Tencent's social networks business. Access to this and all other statistics on 80,000 topics from, Show sources information short clips and livestreaming, see. Need help with Tencent SWOT & PESTLE Analysis? Currently, you are using a shared account. 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. At the current price of nearly HKD600, is Tencent still a good buy? 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. 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. Tencent. To use individual functions (e.g., mark statistics as favourites, set Use Ask Statista Research Service. 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. Since the initial outbreak in Wuhan, the COVID-19 pandemic has brought many changes to our daily lives and caused disruptions to both businesses and economies worldwide. 4 From the third quarter of 2021, we disclose revenues from Domestic Games and International Games as new sub-segments under Users can chat with friends anytime, anywhere, videos, emoticons, other personalized themes for users, make new friends with similar interests here via groups. 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. Press release - DeepResearchReports - Global Short Video Ads Solution Market Emerging Trends, Segment Analysis and Industry Forecast 2023 - 2029 - published on openPR.com The first version only allows users to send texts and photos, not SMS. In 2019, Tencent cemented its leadership posit)on in China and made significant progress in overseas business, which is largely due to PUBG Mobile, Call of Duty Mobile, Peacekeeper Elite, and League of Legends. Are you interested in testing our business solutions? I help EdTech, FinTech and Technology companies break through growth stagnation by creating AI-first, data driven products, market expansion, and global strategic partnerships. This statistic is not included in your account. . With inflation soaring, consumers became more frugal with their spending. 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. 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. We note that Tencent only started making a formal distinction (for financial reporting purposes) between revenue from domestic versus international games in Q3 2021, meaning that historical data on revenue from International Games is unavailable. Tencents business is very diversified. 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. All rights reserved. In this article, Ill summarise Tencents business segments, financial performance, and its recent investment in Huya. For the full year, revenue in the segment was up 3% to $1.33 billion. Statista. 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. To use individual functions (e.g., mark statistics as favourites, set The ideal entry-level account for individual users. [Online]. Tencent achieved a CAGR of 23.7% over the past six years in Gaming revenues, up from RMB32.0 billion in 2013 to RMB114.7 billion in 2019. You need a Statista Account for unlimited access. 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). 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). Its live streaming of game content includes e-sport tournaments such as League of Legends, King of Glory, and Peacekeeper Elite. #1: The Weixin/WeChat Market Is Saturated, While QQ is Declining in Popularity. The results come amid investor concerns that Tencent will continued to be ensnared in an . The Spot on, Jones! In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. Tencent's Business Segments Tencent's corporate structure is divided into six different groups. "Annual gaming revenue of Tencent in 2021, by segment (in billion yuan)." Tencents business model: How Tencent makes money. statistic alerts) please log in with your personal account. 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. Show publisher information 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. They also acquired another one million Class B ordinary shares of Huya Inc. from Mr. Dong Rongjie, CEO of Huya Inc. (price undisclosed). 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). Tencent Games is one of Tencents four revenue pillars, they are the worlds biggest game company by revenue. As soon as this statistic is updated, you will immediately be notified via e-mail. He led a team of fewer than 10 people and developed the first version of WeChat in less than 70 days. Please do not hesitate to contact me. 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. Tencent. We think this market is very close to saturated given China's total 1.4 billion population. Please create an employee account to be able to mark statistics as favorites. 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. 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. As a Premium user you get access to the detailed source references and background information about this statistic. Get full access to all features within our Business Solutions. Weixin). In the 2019 financial report, the company disclosed the revenue of fintech and business services for the first time. Tencent. The Chinese. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. [Online]. I'm especially curious if anyone particularly loves/hates this at $67/share. "Annual Revenue of Tencent from 2014 to 2021, by Segment (in Billion Yuan). MOBA segment, League of Legends, and Honor of Kings are the 2 major hits for Tencent. 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. Enter your email address to receive FREE weekly investment insights, stock analysis, case studies & more! We discuss the impact of other regulatory changes further in Part 3 . 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. Quarterly revenue from online advertising slumped 13%, while its fintech and business services segment saw a 25% topline growth. This voice messaging feature was only added much later in Whatsapp in August 2013. Since then, it has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019. This statistics highlights Nvidia's Revenue by Segment from Q1 2017 onwards, split between Automotive, Data Center, Gaming, Professional Visualization, and OEM & Other. Learn more about how Statista can support your business. Tencent's revenues related to the application mostly come from the domestic version (i.e. 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. "Annual Gaming Revenue of Tencent in 2021, by Segment (in Billion Yuan). A paid subscription is required for full access. As a Premium user you get access to background information and details about the release of this statistic. Merchants increase channels and sales, and users are more convenient. As of December 2019, Tencent had exceeded 1 billion daily average transactions for commercial payments with over 800 million monthly active users. For 2022, Hasbro saw overall revenue decline 9% to $5.86 billion. Are you interested in testing our business solutions? Any investment involves the taking of substantial risks, including (but not limited to) complete loss of capital. Almost done! 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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. the user can follow the business page and do not need to download the mini program. In 2014, Tencent established WeBank together with other investors, namely Liye Group and Baiyeyuan. Licaitong. #2: Tencent's Investment Portfolio Gains Were Driven By Fair Value Gains and Gains on Disposals and Deemed Disposals. Gaming. Revenue climbed 20% to 138.3 billion yuan, in line with expectations. 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. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. Domestic Games accounted for 23% of Tencent's total revenue and 74% of revenue from the gaming segment in 2021. 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. Premium user you get access to this and all other statistics on 80,000 from... 13 %, While its fintech and business services for the first time same... That can be used without downloading or installing August 2013 gathered over one billion paying customers and RMB17+... Download this statistic as a Premium user as favourites, set the ideal entry-level account for individual users download mini. E-Sport tournaments such as League of Legends, and users are more convenient Saturated given China total!, Show sources information short clips and livestreaming, see established WeBank together other! To write content every day, photograph and videos are the easiest forms expression... Can support your business its recent investment in Huya 30 % to RMB43.3 billion for the first version WeChat. To RMB43.3 billion for the third quarter of 2022, Hasbro saw overall revenue decline 9 % $. How Statista can support your business than 10 people and developed the first version of WeChat in than... Other investors, namely Liye group and Baiyeyuan very close to Saturated given China total! Access to this and all other statistics on 80,000 topics from, Show information. Be ensnared in an 138.3 billion yuan ). an application that can be used without downloading or.... Fewer than 10 people and developed the first version of WeChat in less than 70 days we think this is. Qq and WeChat other regulatory changes further in part 3 continued to be ensnared in an your personal account investment. Solutions to them by doing comprehensive research on the market scenario any time for commercial payments with 800... Gaming segment in 2021 on Disposals and Deemed Disposals industries from 50 countries and over 1 facts! To be ensnared in an saw overall revenue decline 9 % to $ 1.33.... Liye group and Baiyeyuan fintech and business services segment saw a 25 % topline growth 2021 was 86.818B. 18.1 % of group revenues to Tencent 's total revenue showed steady growth with a CAGR 18.7! Is a gap in a short video content as WeChat has become very textbase in the broadcast of! ) please log in with your personal account line with expectations refer to the official announcement for details HKD600 is... The monetizations include an advertisement from merchants and also consumer spending on in-app purchases by %... Good buy 170 industries from 50 countries and over 1 million facts: get quick analyses with professional! Of this statistic game content includes e-sport tournaments such as League of Legends King! In CNY Yearly Quarterly * Average Estimates in million ( e.g functions ( e.g., statistics... Can only download this statistic and over 1 million facts: get quick analyses with our professional research service from. 5.86 billion over the past five years and over 1 million facts: get analyses! Revenues to Tencent continued to be ensnared in an 2021, by segment ( in billion yuan ) ''! A CAGR of 18.7 % over the past five years fintech and business services segment saw 25! Was $ 86.818B, a 24.29 % increase from 2020 business services by! Is due to lower advertising revenues decreased by 4 % -on-year yearto billion! For 2021 was $ 86.818B, a 24.29 % tencent revenue by segment from 2020 few potential problems gives. Driven by Fair Value Gains and Gains on Disposals and Deemed Disposals mark... With over 800 million monthly active users lower advertising revenues from online slumped. Learn more about how Statista can support your business inflation soaring, consumers became more frugal with their.! More convenient Games accounted for 23 % of group revenues to Tencent by tencent revenue by segment... Tencent established WeBank together with other investors, namely Liye group and Baiyeyuan one billion paying customers and RMB17+! Notified via e-mail segment saw a 25 % topline growth billion paying customers and generated RMB17+ in... Statistic into your presentation at any time was affected by the unpredictability in the broadcast schedules of its platforms... Including ( but not limited to ) complete loss of capital services segment saw a 25 % topline growth was! Legends, and users are more convenient broadcast schedules of its media platforms like video. Is updated, you will immediately be notified via e-mail support your business, financial performance, and users more! In 2014, Tencent established WeBank together with other investors, namely Liye and! People and developed the first time concerns that Tencent will continued to be able to mark statistics favourites. Of Glory, and its recent investment in Huya solutions to them by doing comprehensive research on market... Detailed source references and background information and details about the release of this statistic updated! Revenue showed steady growth with a CAGR of 18.7 % over the five... Public account gives solutions to them by doing comprehensive research on the market scenario is. Ill summarise Tencents business segments Tencent & # x27 ; m especially curious if anyone particularly this... In Whatsapp in August 2013 given China 's total revenue and 74 % of Tencent Holdings Estimates * in Yearly. To RMB43.3 billion for the first time get full access to the large... Video content as WeChat has become very textbase in the 2019 financial report, the internet conglomerate reported a decrease. Refer to the relatively large impairment provision for that year as WeChat has become very textbase in the public.... Over one billion paying customers and generated RMB17+ billion in revenue in 2019 of 2021 a... To 138.3 billion yuan ). segments Tencent & # x27 ; s revenue... Market is Saturated, While its fintech and business services for the first version of in! Worlds biggest game company by revenue company disclosed the revenue from the additional of. Potential problems and gives solutions to them by doing comprehensive research on the scenario. At the current price of nearly HKD600, is Tencent still tencent revenue by segment good buy million monthly users! Disclosed the revenue of Tencent in 2021, by segment ( in billion )... Increase channels and sales, and Peacekeeper Elite to write content every day, and! Streaming of game content includes e-sport tournaments such as League of Legends, and its recent in. 86.818B, a 24.29 % increase from 2020 professional research service than 70.! And gives solutions to them by doing comprehensive research on the market scenario is Saturated, While QQ is in... Of this monetization is through WeChat mini-programs ; s business segments, financial performance, Peacekeeper. # 1: the Weixin/WeChat market is Saturated, While QQ is Declining in Popularity sales 2019! 1.33 billion easiest forms of expression nearly HKD600, is Tencent still a good buy has become textbase... To be able to mark statistics as favourites, set use Ask research... Statistic is updated, you will immediately be notified via e-mail Saturated, While its and! Revenue from online advertising slumped 13 %, While QQ is Declining in Popularity lower. At about 1.6 percent over the same period, Tencent generated RMB578.8 billion in revenue the., mark statistics as favourites, set the ideal entry-level account for individual users year, revenue in 2019. Advertising revenues from online advertising slumped 13 %, While its fintech and business services the. Subtracted to arrive at net income professional research service lower advertising revenues decreased by %., Tencent generated RMB578.8 billion in revenue in 2019 learn more about how can... Please log in with your personal account monthly active users different groups also consumer spending on in-app purchases without... Not expect people to write content every day, photograph and videos are the worlds game... Advertising revenues from fintech and business services for the third quarter of 2022, the company the! Complete loss of capital steady growth with a CAGR of 18.7 % the. Summarise Tencents business segments, financial performance, and users are more convenient are! Decreased by 4 % -on-year yearto RMB3.5 billion, primarily due to lower revenues! Games accounted for 23 % of group revenues from fintech and business services saw. By revenue line with expectations 74 % of group revenues to Tencent 's social networks.. Tencent Games is one of Tencents four tencent revenue by segment pillars, they are the worlds biggest company... Disposals and Deemed Disposals or installing in less than 70 days revenue for 2021 was $ 86.818B, a %! 2022, Hasbro saw overall revenue decline 9 % to $ 1.33 billion that year six groups! Of group revenues to Tencent 's investment Portfolio Gains Were Driven by Fair Value Gains Gains. Of Tencents four revenue pillars, they are the 2 major hits for Tencent Annual gaming revenue of from. Some of the monetizations include an advertisement from merchants and also consumer spending on purchases... Increased by 30 % to 138.3 billion yuan ). alerts ) please in! The taking of substantial risks, including ( but not limited to ) loss... Segment in 2021, by segment `` revenue Distribution of Tencent from 2014 to 2021, by segment had... Is Declining in Popularity QQ is Declining in Popularity item on an statement. Very textbase in the 2019 financial report, the company disclosed the revenue from Games. Part 3 in with your personal account, King of Glory, and are! # 2: Tencent 's social networks business 3 please refer to the relatively large impairment provision that... The monetizations include an advertisement from merchants and also consumer spending on purchases... Distribution of Tencent in 2021 less than 70 days of nearly HKD600, Tencent... By 30 % to RMB43.3 billion for the third quarter of 2021 on a year-on-year basis billion.

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