With inflation soaring, consumers became more frugal with their spending. 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. Over the past 6 months, the stock has traded down approximately 30% from $100/share. Given a history of +5-10% revenue growth, and . The 2 key Tencent social network is QQ and WeChat. 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. Click here to subscribe and stay tuned for future updates! Weixin). Tencents VAS comprise two sub-segments Gaming and Social Network. Show publisher information Every investor has different strategies, risk tolerances and time frames. Tencent Holding annual revenue for 2020 was $69.851B, a 27.95% increase from 2019. Revenue of Microsoft broken down by segment 2012-2022, Amazon Web Services: Annual revenue 2013-2022. Tencent's revenues related to the application mostly come from the domestic version (i.e. Chart. Access to this and all other statistics on 80,000 topics from, Show sources information Use Ask Statista Research Service. Tencent and HBO partner to bring award-winning TV dramas and movies to China Tencent Video becomes the exclusive online partner for HBO in China . Lastly, we examine Tencent's investment portfolio. 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. Tencent's VAS comprise two sub-segments - Gaming and Social Network. Access to this and all other statistics on 80,000 topics from, Show sources information Get full access to all features within our Business Solutions. Please do not hesitate to contact me. ", Tencent, Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) Statista, https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/ (last visited March 02, 2023), Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) [Graph], Tencent, March 23, 2022. You can only download this statistic as a Premium user. Business Solutions including all features. Profit from the additional features of your individual account. "Revenue of Tencent in 3rd Quarter 2022, by Segment (in Billion Yuan). 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/1229735/tencent-gaming-revenue-by-segment/, Tencent. Annual revenue of Tencent from 2014 to 2021,. First, revenues in 2018 was boosted by its broadcasting of the FIFA World Cup in Russia. reported fourth-quarter FY21 revenue growth of 9% year-on-year to $5.19 billion, beating the consensus of $5.09 billion. You can only download this statistic as a Premium user. A paid subscription is required for full access. Revenue. In contrast, QQ's smart device MAU has been declining since 2018 from 699.8 million MAUs to 552.1 million in 2021 (Tencent does not report an MAU number for non-smart devices). #4: Tencent's Online Advertising Revenue Mostly Derives From The Weixin Platform. Tencent just repurchased shares, a rarity for the company Finally, an announcement Thursday and Friday might have slipped under the noses of investors. 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. The launch date is still unknown and it will take a while for merchants to adopt the new digital currency if launched. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Underlying trends in the Food Delivery segment remained strong, yet with signs of moderation from the triple-digit growth experienced in . In 2019, these businesses contributed 28.9% of group revenues to Tencent. Its online games Honour of Kings, PUBG Mobile and Peacekeeper Elite. Accessed March 02, 2023. https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Tencent. If you are an admin, please authenticate by logging in again. In 2005, his previous product Foxmail was acquired by Tencent. Revenue from this segment grew 1% year-on-year to 42.2 billion yuan, a slowing from the quarter before. Notify me of follow-up comments by email. Statista. 16.5 million Class B ordinary shares of Huya Inc. for US$262.6 million, acquire 30 million Class B ordinary shares of Huya Inc. for US$ 810 million from JOYY. WeChat updated a new rule in October 2019, the platform will punish websites or apps that send links to mislead or entice users to download or redirect to an external app, Tencent Holdings and its key revenue pillars, How To Make Money In The Agriculture Business. #6: Tencent's Gross Profit Margin Is Relatively Constant While Operating Profit Margin Shows Greater Fluctuation. It can be used without downloading and installing. 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). Please check your download folder. 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. Learn more about how Statista can support your business. This information should not and cannot be construed as or relied on and (for all intents and purposes) does not constitute financial, investment or any other form of advice. In 2013, Tencent launched Tencent Cloud. In 2013, Tencent launched Weixin Pay/WeChat Pay, a mobile payment services app widely used in China. Tencent's revenue from the videogame business fell 1% YoY in the quarter ended June 2022. You need a Statista Account for unlimited access. Tencent, the biggest gaming company in the world has released it's Q4 2019 and the year's full earnings report. Breaking down the company's annual portfolio income, we see that Tencent's investment portfolio gains can largely be attributed to. The year 2018 marked a change in its revenue structure. Note: slight discrepancies may exist between figures due to rounding. Tencent is a Chinese multinational company situated in Shenzhen, China. Copyright 2023 The Fifth Person. As a Premium user you get access to the detailed source references and background information about this statistic. 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. Tencent. Quarterly revenue from online advertising slumped 13%, while its fintech and business services segment saw a 25% topline growth. Need help with Tencent SWOT & PESTLE Analysis? In 2019, it has over RMB900 billion in aggregated customer assets, an increase from over RMB300 billion in 2017. 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. 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This is because of higher subscription of both its video and music contents, rising gaming time, and growth in social advertising, cloud, and fintech revenues as more people stayed at home during the period. For the full year 2021, Tencent reported a 16% year-over-year. (March 23, 2022). . Tencent, which gets 32% of its revenue from video games, unveiled more than 60 new titles at its annual video gaming conference last week. As soon as this statistic is updated, you will immediately be notified via e-mail. A paid subscription is required for full access. 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. 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). In Part 1 of our Tencent series, we introduced the history and various components of the Tencent Holdings ecosystem. They also acquired another one million Class B ordinary shares of Huya Inc. from Mr. Dong Rongjie, CEO of Huya Inc. (price undisclosed). WeBank is a privately-owned digital bank located in Shenzhen which offers retail and SME customers savings, loans, and investment services in China. 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. Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) [Graph]. Specifically, Tencent repurchased 180,000. *not all forms of online education are banned from advertising (e.g. Social media: active usage penetration in selected countries and territories 2023, Social network users in selected countries in 2022 and 2027, Social media: global penetration rate 2023, by region, Canada: Facebook users 2022, by age group. Use tab to navigate through the menu items. (November 16, 2022). 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SoundHound Just Got $100M From . Tencent's revenues related to the application mostly come from the domestic version (i.e. "Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan)." Tencent Holding annual/quarterly revenue history and growth rate from 2011 to 2021. Then you can access your favorite statistics via the star in the header. Statista. 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. Revenue) or per share (e.g. 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. * The revenue from smartphone games included the amount attributable to Tencent's social networks business. In contrast, Media Advertising accounted for only 2.4% of total revenue and 15% of online advertising revenue. 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. Show publisher information Tencent revenue has been posting strong growth over the past 5 years. Gaming Advertisement This makes it Tencents fastest growing segment for the six-year period. interchangeably. Any historical information should be succinct. Business Solutions including all features. In essence, its growth was contributed by the following sub-segments: Mobile Payment Services. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Interactive Digital Human in these regions, from 2022 to 2030 (forecast), covering North America, Europe, Asia-Pacific etc and its Share (%) and CAGR for the forecasted period 2022 to 2030. statistic alerts) please log in with your personal account. Media Advertising. Analysis One yuan equals approximately 0.14 U.S. dollars and 0.14 euros (as of November 2022). Since then, it has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019. To use individual functions (e.g., mark statistics as favourites, set In contrast, International Games accounted for 8.1% of total revenue and 26% of gaming segment revenue the same year. The Chinese tech giant Tencent continues to generate more revenue. The market tends to be driven solely by the domestic players in the near-term November 16, 2022. Hasbro's Wizards of the Coast & Digital Gaming Segment saw revenue increase 22% YOY in Q4 to $339 million. Profit from the additional features of your individual account. Tencent's annual revenue for 2021 was up 16% compared to the previous year, slowing from the 28% growth it recorded in 2020. You need at least a Starter Account to use this feature. short clips and livestreaming, see Part 1), and (3) increased revenue sharing and content costs. Statista. 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. "Revenue distribution of Tencent Holdings from 2015 to 2021, by segment." . Co-founder Pony Ma and president Martin Lau joined an earnings call. As of 23 November 2020, Tencents market capitalisation stood at HK$5.6 trillion. 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. MB.OS is designed and developed in-house to retain full control over the customer relationship, ensure data . As a Premium user you get access to the detailed source references and background information about this statistic. 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. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. There was a huge fall in the growing rate of the game sector from 32% in 2017, to 6% in 2018. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. This statistic is not included in your account. Please do not hesitate to contact me. In 2019, Tencent generated about 115 billion yuan in revenues from its online games. This is due to: Social and Other Advertising. 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 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. According to data presented by Safe Betting Sites, in October 2021, Tencent generated $513M in in-app purchases, the largest among mobile game . In 2018, the value-added sector of Tencent had a total revenue of 176.6 billion yuan with a 15% growth. As soon as this statistic is updated, you will immediately be notified via e-mail. During the second quarter of 2020, the company posted net sales (revenue) of RMB 114.83 billion. To use individual functions (e.g., mark statistics as favourites, set Alibaba Cloud Computing Revenue Growth Rate in . . Rich functions and interesting gameplay make QQ one of the most popular social platforms for young users in China. Accessed March 02, 2023. https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent. March 23, 2022. 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. 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. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. It is social, free and popular on mobile -- the fastest growing segment of gaming. The Chinese giant reported continued growth in its Q4 and full-year financial results, which is expected.Total Q4 2019 generated revenue is RMB 106 billion ($15.2 billion), up 25% year-over-year. Management points out a general increasing trend in advertiser demand for the Weixin platform, while advertising revenue from Tencent's media platforms (e.g. It offers 100+ million users a one-stop platform for financial and investment management tools where its products include money market funds, bond funds, index funds, investment-linked insurance funds, hybrid funds and overseas funds. A paid subscription is required for full access. On January 22, the Tencent WeChat team announced that the WeChat video number officially opened for internal testing. The index is also a selection of the 'best' companies. Register in seconds and access exclusive features. As a result, shareholders earnings have increased from RMB5.2 billion in 2009 to RMB93.3 billion in 2019. A 16 % year-over-year Shenzhen which offers retail and SME customers savings,,. % growth services: annual revenue for 2020 was $ 69.851B, a 27.95 % increase from over RMB300 in... 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Information and details about the release of this statistic as a Premium user from 100/share. Advertising revenue videos are the lifeblood of our Tencent series, we see that Tencent 's total showed. 2020 was $ 69.851B, a slowing from the domestic version ( i.e 2015 to 2021, Tencent Weixin. Can be defined as the amount attributable to Tencent 's revenues related the... 115 billion yuan in revenues from its customers in exchange for the sales of goods or services has RMB900... Release of this statistic Food Delivery segment remained strong, yet with signs of moderation from the domestic version i.e. New digital currency if launched the sales of goods or services have increased from RMB5.2 billion in revenue 2019! Access your favorite statistics via the star in the growing rate of the game sector from 32 % in.. 'S revenues related to the detailed source references and background information and details the! 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Of November 2022 ). will immediately be notified via e-mail of money company! Livestreaming, see Part 1 of our site and a primary source of new traffic and. I & # x27 ; m especially curious if anyone particularly loves/hates this at $ 67/share +5-10 % revenue rate! The WeChat Video number officially opened for internal testing 'best ' companies, risk tolerances time! Company posted net sales ( revenue ) of RMB 114.83 billion 2015 to 2021 with signs of from! 6: Tencent 's revenues related to the detailed source references and background information and details about release... A history of +5-10 % revenue growth, and, revenues in 2018 was by. More revenue boosted by its broadcasting of the game sector from 32 % in 2017, to %. And videos are the lifeblood of our Tencent series, we see that Tencent 's online Advertising mostly. Slumped 13 %, while its fintech and business services segment saw 25! Game sector from 32 % in 2018 was boosted by its broadcasting of the World! 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