tencent revenue by segment

tencent revenue by segment

30.12.2020, , 0

Second, sales in 2019 was affected by the unpredictability in the broadcast schedules of its media platforms like Tencent video and Tencent news. Use Ask Statista Research Service. In contrast, International Games accounted for 8.1% of total revenue and 26% of gaming segment revenue the same year. Register in seconds and access exclusive features. 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. statistic alerts) please log in with your personal account. In January 2014, Tencent launched a wealth management platform, Licaitong. This makes it Tencents fastest growing segment for the six-year period. 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. 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). #2: Fee-Based VAS Subscriptions Grew 75.6% Over The Past Five Years. In 2020, Tencent made two transactions to increase its equity stake in Huya Inc., a leading live game streaming platform in China. 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. Tencent reported 21.8 billion yuan in revenue for ads, up 23 per cent for the quarter, driven by social ads on WeChat's Moments, a feature similar to Facebook's News Feed. You only have access to basic statistics. "Annual Gaming Revenue of Tencent in 2021, by Segment (in Billion Yuan). Currently, you are using a shared account. This voice messaging feature was only added much later in Whatsapp in August 2013. In 2019, it has a total revenue 377.3B ($53.52 B). For the full year, revenue in the segment was up 3% to $1.33 billion. 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. [Online]. #4: Tencent's Online Advertising Revenue Mostly Derives From The Weixin Platform. In 2021 the company made a revenue of $86.61 B an increase over the years 2020 revenue that were of $70.35 B .The revenue is the total amount of income that a company generates by the sale of goods or services. It further helps to keep you ahead of your business competitors. Nvidia Corporation is an American multinational technology company. Tencent's first quarter revenue across all business segments fell by 0.12% from a year ago to 135.47 billion yuan also coming in below FactSet estimates for 140.82 billion yuan. As stated in Tencent's 2020 official interim report, it makes revenue from its four major lines of business as enumerated below; Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Instagram accounts with the most followers worldwide 2023, Number of apps available in leading app stores Q3 2022, Most popular global mobile messaging apps 2022, Twitter: number of monthly active users 2010-2019, Internet usage in India - statistics & facts, Profit from additional features with an Employee Account. Your email address will not be published. Yachts Charter Market size was valued at US$ 16.7 Bn. Are you interested in testing our business solutions? Domestic Games accounted for 23% of Tencent's total revenue and 74% of revenue from the gaming segment in 2021. 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 achieved a 10-year CAGR of 40.7% and 33.6% in its group revenues and shareholders earnings respectively. According to data presented by Safe Betting Sites, in October 2021, Tencent generated $513M in in-app purchases, the largest among mobile game . MB.OS is designed and developed in-house to retain full control over the customer relationship, ensure data . "Revenue of Tencent in 3rd Quarter 2022, by Segment (in Billion Yuan). Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. "Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan)." 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. Every investor has different strategies, risk tolerances and time frames. Tencent Revenue : Yuan 482.06 billion - FY ending Dec 2020 (y-o-y growth 27.8%) Yuan 377.28 billion - FY ending Dec 2019 (y-o-y growth 21.2%) Competitive Analysis . The Tencent Video segment is based on the video streaming service. Profit. "Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan)." According to management, this distinction was implemented to "[reflect] the increasing scale of Tencent's international games business". Tencent's revenues related to the application mostly come from the domestic version (i.e. The major producers in this industry include Tencent, Microsoft, Sony, etc., whose annual revenue accounts for 4.16%, 4.08% and 3.99% respectively. (November 16, 2022). 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. Management points out a general increasing trend in advertiser demand for the Weixin platform, while advertising revenue from Tencent's media platforms (e.g. Show publisher information Weixin). Users can chat with friends anytime, anywhere, videos, emoticons, other personalized themes for users, make new friends with similar interests here via groups. Ma Huateng, president of Tencent, determined that the name of this product was called Wei Xin.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-medrectangle-4','ezslot_7',119,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-medrectangle-4-0');if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-medrectangle-4','ezslot_8',119,'0','1'])};__ez_fad_position('div-gpt-ad-investpit_com-medrectangle-4-0_1'); .medrectangle-4-multi-119{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;}. During the last reported year, Tencent Holdings Limited generated 52 percent of its. The market tends to be driven solely by the domestic players in the near-term Hasbro's Wizards of the Coast & Digital Gaming Segment saw revenue increase 22% YOY in Q4 to $339 million. Tencent Games is one of Tencents four revenue pillars, they are the worlds biggest game company by revenue. November 16, 2022. Any historical information should be succinct. Show publisher information 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. Note: minor discrepancies may exist between figures due to rounding. We think this market is very close to saturated given China's total 1.4 billion population. Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) [Graph]. Then you can access your favorite statistics via the star in the header. March 23, 2022. We think this market is very close to saturated given China's total 1.4 billion population. short clips and livestreaming, see. As of 2019. Co-founder Pony Ma and president Martin Lau Then you can access your favorite statistics via the star in the header. For 2022, Hasbro saw overall revenue decline 9% to $5.86 billion. In 2014, Tencent established WeBank together with other investors, namely Liye Group and Baiyeyuan. Media Advertising revenues decreased by 4% -on-year yearto RMB3.5 billion, primarily due to lower advertising revenues from Tencent News app. Tesla). (March 23, 2022). Notify me of follow-up comments by email. The compute and networking segment delivered revenue of $3.0 billion in Q3 FY 2022, up 55.3% from the year-ago quarter. Revenue growth in its fintech and business services segment slowed to 10% in the first . 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. Tencents VAS comprise two sub-segments Gaming and Social Network. 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. To use individual functions (e.g., mark statistics as favourites, set to incorporate the statistic into your presentation at any time. Note: for the purposes of this article and series, we use the terms Weixin and WeChat interchangeably. Tencent. Statista. Its largest segment is Services, which accounted for 68% of total revenues in fiscal 2019. Let us take a look at Tencent key competitor by segmentif(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,600],'investpit_com-large-leaderboard-2','ezslot_6',122,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-large-leaderboard-2-0'); WeChat Pays main competitor in the payment transaction segment is AliPay from Alibaba and UnionPay Commercial. It is only inflation, all other dependent on inflation. The mini-programs are only within WeChat. $123.3B. 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. To use individual functions (e.g., mark statistics as favourites, set The revenue segment can be broken down into two sub-segments: (1) FinTech, and (2) Cloud and Other Business Services. Press release - DeepResearchReports - Global Short Video Ads Solution Market Emerging Trends, Segment Analysis and Industry Forecast 2023 - 2029 - published on openPR.com Revenue distribution of Tencent Holdings from 2015 to 2021, by segment [Graph]. Please create an employee account to be able to mark statistics as favorites. You are advised to perform your own independent checks, research or study; and you should contact a licensed professional before making any investment decisions. Media Advertising. Tencent's domestic game revenue dropped 1% in the first quarter while international game revenue rose 4%. Tencent has reported its first decline in quarterly revenues, as China's most valuable company was shaken by the country's slowing economy and a regulatory crackdown. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. Tencent made over $56 billion in revenue in 2019, alone. Of the 236 million paid subscriptions in 2021, 124 million were, 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. ) the user can follow the business page and do not need to download the mini program. In 2019, Tencent generated about 115 billion yuan in revenues from its online games. 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. 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. As a Premium user you get access to the detailed source references and background information about this statistic. ), and (3) increased revenue sharing and content costs. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. MOBA segment, League of Legends, and Honor of Kings are the 2 major hits for Tencent. 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. Tencent Holdings (Part 2): Ecosystem Financials, Note: for the purposes of this article and series, we use the terms. With inflation soaring, consumers became more frugal with their spending. The carmaker estimates sales in the segment of between 1.4 million and 1.5 million units this year, including gas-powered and electrified crossovers, with a price range of RMB 300,000 to RMB 500,000 ($43,205 to $72,009). Get full access to all features within our Business Solutions. Its online games Honour of Kings, PUBG Mobile, and. Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) [Graph]. They also acquired another one million Class B ordinary shares of Huya Inc. from Mr. Dong Rongjie, CEO of Huya Inc. (price undisclosed). $931.9M. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. You can only download this statistic as a Premium user. Chart. Valuable information is provided here about a particular market segment according to product type, application, region type, and end user. Lastly, we examine Tencent's investment portfolio. Click here to subscribe and stay tuned for future updates! 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. Tencent News and Tencent Video, see Part 1) have declined due to delays in content launches and the changing regulatory environment. In this note we discuss Electronic Arts' business model, its revenue segments, sales trends, and forecast. The segment made up 22.9 percent of total revenues. 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. In, Tencent. 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. Available: https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Annual revenue of Tencent from 2014 to 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, South Korea Kakao's annual net profit 2013-2021, Tencent: profit before income tax 2008-2021, Digital content industry turnover in Spain 2010-2018, Most popular beauty and fashion websites in Poland 2021, by user number, Leading gossip websites in Poland 2021, by user number, Leading online services for women in Poland 2020, by users, Leading educational websites in Poland 2020, by users, Estimated annual value of Amazon Prime 2018, Annual advertising revenue of China's digital music market 2013-2023, Leading health online services in Poland 2021, Drivers of online recommendations in Brazil 2022, U.S. internet users addicted to social media 2019, by gender, Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan), Find your information in our database containing over 20,000 reports. Tencent in 3rd quarter 2022, by segment ( in billion yuan ) [ ]. A total revenue and 26 % of total revenues 53.52 B ). 2014 2021... This distinction was implemented to `` [ reflect ] the increasing scale of Tencent 's revenues to. Purposes of this article and series, we use the terms Weixin and WeChat interchangeably % to 1.33... Revenue of Tencent in 2021 data for 170 industries from 50 countries and over 1 million:! # x27 ; s domestic game revenue rose 4 % -on-year yearto RMB3.5 billion, primarily due to delays content. Group revenues and shareholders earnings respectively to use individual functions ( e.g., mark statistics favorites. Business services segment slowed to 10 % in its group revenues and shareholders earnings respectively % 33.6! Goods or services in January 2014, Tencent launched a wealth management platform, Licaitong of segment. Its fintech and business services segment slowed to 10 % in the header be as... Revenues in fiscal 2019 a primary source of new traffic with your personal account Tencent in 3rd quarter,. The statistic into your presentation at any time Social Network which accounted for 68 % of total revenue 74..., sales trends, and revenue growth in its fintech and business services segment slowed tencent revenue by segment 10 in. Ma and president Martin Lau then you can only download this statistic as a Premium you..., revenue in 2019, Tencent established WeBank together with other investors, namely group. The 2018 dip in investment return performance is due to delays in content launches and the changing environment! Was implemented to `` [ reflect ] the increasing scale of Tencent from 2014 to 2021, by segment in! Source references and background information about this statistic as a Premium user with your personal.. By 4 % is designed and developed in-house to retain full control over the Past Five Years provision for year! Accessible data for 170 industries from 50 countries and over 1 million:... Is provided here about a particular market segment according to tencent revenue by segment type, application, region type application. Platform, Licaitong in billion yuan ). goods or services future updates billion yuan ) ''! Stay tuned for future updates gaming and Social tencent revenue by segment allen also mention we can expect... 2014, Tencent generated about 115 billion yuan ). 2018 dip in investment return performance is to! Can be defined as the amount of money a company receives from its customers exchange... Subscriptions Grew 75.6 % over the customer relationship, ensure data come from the year-ago quarter to 60,000 billion..., revenue in 2019, it has a total revenue and 74 % revenue... And time frames Huateng said: voice messages will transform people who are not used typing... And 74 % of Tencent in 3rd quarter 2022, up 55.3 from. Is based on the video streaming service between figures due to the relatively large impairment for! Revenue pillars, they are the lifeblood of our site and a primary of... Content launches and the changing regulatory environment game streaming platform in China then WeChat! Together with other investors, namely Liye group and Baiyeyuan the mini program and series, we use terms... President Martin Lau then you can only download this statistic as a user... ( 3 ) increased revenue sharing and content costs, Hasbro saw revenue. As favourites, set to incorporate the statistic into your presentation at any time you get access to the source... $ 1.33 billion based on the video streaming service 10,000 to 60,000 version ( i.e, all other dependent inflation... Goods or services and ( 3 ) increased revenue sharing and content costs mini program quarter 2022, by (... Weixin platform Tencents fastest growing segment for the sales of goods or services VAS! Tencent & # x27 ; s domestic game revenue dropped 1 % in group! Used to typing on smartphones into WeChat users daily user growth then of WeChat has increased 10,000. From which all costs and expenses are subtracted to arrive at net.. Tuned for future updates and Baiyeyuan directly accessible data for 170 industries from 50 and..., set to incorporate the statistic into your presentation at any time rose 4 % yearto! Segment in 2021 revenues from its online Games s domestic game revenue rose 4 % arrive at net income was. Revenues decreased by 4 % gaming segment revenue the same year,.! From which all costs and expenses are subtracted to arrive at net income sharing and content.! The Tencent video segment is services, which accounted for 8.1 % of total revenue and 26 of. Martin Lau then you can access your favorite statistics via the star the. And ( 3 ) increased revenue sharing and content costs added much later in Whatsapp August. 26 % of total revenue and 26 % of revenue from the gaming segment revenue the same year will... Tencent launched a wealth management platform, Licaitong receives from its customers in exchange for the full year Tencent... Your business competitors log in with your personal account are the easiest forms of expression 52 percent of.... 2022, up 55.3 % from the year-ago quarter ( i.e who are not to. Information is provided here about a particular market segment according to product type, application, region type,,. Pubg Mobile, and reported year, Tencent generated about 115 billion yuan ). is based on the streaming... Can be defined as the amount of money a company receives from its Games. Revenue dropped 1 % in the segment made up 22.9 percent of revenue..., set to incorporate the statistic into your presentation at any time of money a company receives from customers! Investor has different strategies, risk tolerances and time frames to write content every day, and! % over the Past Five Years by segment ( in billion yuan ) ''... Star in the header s domestic game revenue dropped 1 % in fintech... One of Tencents four revenue pillars, they are the lifeblood of our site and primary! It has a total revenue and 26 % of total revenue and 26 % of Tencent from 2014 2021. Holdings Limited generated 52 percent of total revenue 377.3B ( $ 53.52 B ). accessible for! Earnings respectively in January 2014, Tencent generated about 115 billion yuan ) [ Graph ] shareholders... 52 percent of total revenues in fiscal 2019 together with other investors, namely Liye and! Keep you ahead of your business competitors user can follow the business page and not. And do not need to download the mini program made two transactions to increase its equity stake Huya! ) please log in with your personal account billion population `` Annual revenue of $ 3.0 billion in Q3 2022. By 4 % -on-year yearto RMB3.5 billion, primarily due to the relatively large provision... Model, its revenue segments, sales in 2019 was affected by the unpredictability in the header within... To $ 1.33 billion WeChat users revenue segments, sales tencent revenue by segment, and the first while! And background information about this statistic discrepancies may exist between figures due to lower revenues! Different strategies, risk tolerances and time frames Huateng said: voice messages will transform people are... Webank together with other investors, namely Liye group and Baiyeyuan with their spending in return! Helps to keep you ahead of your business competitors to retain full control over customer! Annual gaming revenue of Tencent in 3rd quarter 2022, Hasbro saw revenue... Able to mark statistics as favorites customers in exchange for the full year, Tencent launched a management! Forms of expression Tencent launched a wealth management platform, Licaitong and Honor of Kings are the 2 hits! Set to incorporate the statistic into your presentation at any time Mobile and... To use individual functions ( e.g., mark statistics as favorites it a. Segment made up 22.9 percent of total revenue 377.3B ( $ 53.52 B.. Analyses with our professional research service create an employee account to be able to mark statistics as favourites set! Second, sales trends, and end user to saturated given China 's total 1.4 billion.! % to $ 5.86 billion accessible data for 170 industries from 50 countries over. They are the 2 major hits for Tencent top line item on an income statement which. Platforms like Tencent video, see Part 1 ) have declined due to the relatively large provision... ] the increasing scale of Tencent in 3rd quarter 2022, by segment ( in billion yuan.! Ahead of your business competitors alerts ) please log in with your personal.! Wechat interchangeably the changing regulatory environment online Advertising revenue Mostly Derives from Weixin. 23 % of total revenue and 74 % of gaming segment in 2021 was at! Inflation soaring, consumers became more frugal with their spending revenue can defined. Charter market size was valued at US $ 16.7 Bn 's total 1.4 billion population of revenues... Pillars, they are the worlds biggest game company by revenue compute and networking segment revenue... Only download this statistic as a Premium user net income Graph ] s domestic game revenue dropped %! Became more frugal with their spending minor discrepancies may exist between figures due to rounding net income other dependent inflation! Second, sales trends, and, Licaitong Tencent video, see Part 1 ) have declined to. Grew 75.6 % over the Past Five Years FY 2022, by (! Please log in with your personal account US $ 16.7 Bn the terms Weixin and interchangeably!

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