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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. #2: Tencent's Investment Portfolio Gains Were Driven By Fair Value Gains and Gains on Disposals and Deemed Disposals. 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. [Online]. to incorporate the statistic into your presentation at any time. short clips and livestreaming, see. 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. Advertising revenues decreased by 25% to RMB3.2 billion, reflecting lower advertising revenues from Tencent Video and Tencent News services. Domestic Games accounted for 23% of Tencent's total revenue and 74% of revenue from the gaming segment in 2021. WeBank. Prior to the regulatory crackdown, online education advertisers contributed ten-something percent to Tencent's online advertising revenue, after which the ban on K-12 education advertising caused this number to drop to a low single-digit percentage* (management does not provide exact figures for the drop). MB.OS is designed and developed in-house to retain full control over the customer relationship, ensure data . March 23, 2022. Figure have been rounded. A paid subscription is required for full access. (March 23, 2022). Tencent provides a more detailed revenue breakdown of its VAS and Online Advertising segments. November 16, 2022. This increases its voting power to 50.9% and equity stakes to 36.9% in Huya Inc. 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. Produced 450+ financial articles featured on KCLau.com in Malaysia and The Fifth Person, Value Invest Asia, and Small Cap Asia in Singapore. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. 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. [Online]. Learn more about how Statista can support your business. As of 2019. Please do not hesitate to contact me. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Weixin). To use individual functions (e.g., mark statistics as favourites, set 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. 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. Register in seconds and access exclusive features. In 2019, these businesses contributed 28.9% of group revenues to Tencent. To use individual functions (e.g., mark statistics as favourites, set We have also set the operating . . 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. Its online games Honour of Kings, PUBG Mobile, and. Cite your source. 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. Weixin). My teams and I have . It is looking to launch a mobile version of its League. Nvidia Corporation is an American multinational technology company. In 2005, his previous product Foxmail was acquired by Tencent. You need at least a Starter Account to use this feature. Dividend investor. Note: minor discrepancies may exist between figures due to rounding. Revenues had grown from RMB12.4 billion in 2009 to RMB377.3 billion in 2019. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. This is a win-win situation. 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. So, how did Tencent fare during the first half of 2020? Over the past 6 months, the stock has traded down approximately 30% from $100/share. In 2019, Tencent derived 53% of group revenues from its VAS businesses. Note: offline and online entertainment programs are required to obtain regulatory approval before airing or streaming in China. Since then, it has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019. Tencent's revenue from the videogame business fell 1% YoY in the quarter ended June 2022. March 23, 2022. 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. At the current price of nearly HKD600, is Tencent still a good buy? 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. Accessed March 02, 2023. https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent. * The revenue from smartphone games included the amount attributable to Tencent's social networks business. Do GDP and stock index ETFs actually grow in tandem? The Spot on, Jones! The Online Advertising segment is dominated by revenue from Social and Other Advertising, which contributed to 13.4% of Tencent's total revenue and 85% of online advertising revenue in 2021. Show publisher information Use Ask Statista Research Service. On January 21, 2011, WeChat was officially released. 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. Every investor has different strategies, risk tolerances and time frames. Revenue distribution of Tencent Holdings from 2015 to 2021, by segment [Graph]. Quarterly revenue from online advertising slumped 13%, while its fintech and business services segment saw a 25% topline growth. The Chinese. Tencents business model: How Tencent makes money. #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. You only have access to basic statistics. The fall in sales was attributable to two main factors. Your email address will not be published. This was due to continuous growth achieved in its VAS, fintech, and online advertising services during the period. As mentioned in Part 1, the VAS segment is broken down into: (1) domestic games, (2) international games, (3) communication and social, and (4) digital content, while the Online Advertising segment comprises of the two sub-segments: (1) social and other advertising, and (2) media advertising. In 2013, Tencent launched Tencent Cloud. Currently, you are using a shared account. 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 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. Licaitong. In a WeChat Open Class in 2020, WeChat Founder Allen Zhang announced that WeChat will soon launch a feature called short video content. 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 China, there is a saying: WeChat is like their wallet and Alipay is our bank account. sail past the $1.5 billion in annual revenue generated by Call of Duty, the industry's top-selling game . Currently, you are using a shared account. Revenue) or per share (e.g. Show publisher information [Online]. 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. Activision is the company behind Call of Duty, Warcraft, Diablo, Candy Crush, etc. 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 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 . Transportation via Didi Chuxing, train tickets, WeChat wallet that people purchase their daily needs via the app. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. 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. The revenue segment can be broken down into two sub-segments: (1) FinTech, and (2) Cloud and Other Business Services. If you are an admin, please authenticate by logging in again. . Profit. 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. Statista. 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). Use tab to navigate through the menu items. have declined due to delays in content launches and the changing regulatory environment. Please check your download folder. Tencent's leading Internet platforms in China are QQ Instant Messenger, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai and Tenpay. the user can follow the business page and do not need to download the mini program. "Revenue of Tencent in 3rd Quarter 2022, by Segment (in Billion Yuan). Then you can access your favorite statistics via the star in the header. Please do not hesitate to contact me. MOBA segment, League of Legends, and Honor of Kings are the 2 major hits for Tencent. 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. Any historical information should be succinct. If your company operates . In 2019, Tencent made 18.1% of group revenues from online advertising. May 23, 2022 The Chinese entertainment tycoonTencent reported a total revenue of 174.3 billion yuan from online games in 2021. 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. ", Tencent, Revenue distribution of Tencent Holdings from 2015 to 2021, by segment Statista, https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/ (last visited March 02, 2023), Revenue distribution of Tencent Holdings from 2015 to 2021, by segment [Graph], Tencent, March 23, 2022. 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, ). 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. It still has a user base of 612 million users. Tencent Holdings is a Chinese technology conglomerate holding company that was founded in November 1998. 3 Please refer to the official announcement for details. You need a Statista Account for unlimited access. Then you can access your favorite statistics via the star in the header. In, Tencent. Notify me of follow-up comments by email. PDF. Dividend). 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). Tencent is the largest video game publisher in the world, and that segment generated 32% of its total revenue (24% from domestic games and 8% from international games) during the second. During the second quarter of 2020, the company posted net sales (revenue) of RMB 114.83 billion. Segment by Type - Cloud-Based - On-Premise Segment by Application - Enterprise - Government - Operator - Others By Region - North America - - United States - - Canada . Tencent's VAS comprise two sub-segments - Gaming and Social Network. The market tends to be driven solely by the domestic players in the near-term The company's gross profit, operating income, and net income have also been increasing steadily over the time period. 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. Tencent is a Chinese multinational company situated in Shenzhen, China. If th Hi CG, If you currently own Singapore shares, they are eithe Hi! The Chinese tech giant Tencent continues to generate more revenue. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. "Annual Gaming Revenue of Tencent in 2021, by Segment (in Billion Yuan). #1: Tencent's Investment Portfolio Generated Increasing Returns Year Over Year. As a Premium user you get access to the detailed source references and background information about this statistic. Some of the monetizations include an advertisement from merchants and also consumer spending on in-app purchases. This report depicts a few potential problems and gives solutions to them by doing comprehensive research on the market scenario. Over the same period, Tencent generated RMB578.8 billion in operating cash flow which signifies high quality of earnings. Data Sources: Tencent Annual Reports (click image to enlarge), Tencent's revenue breakdown by business segment is relatively stable from year to year, with, Tencent provides a more detailed revenue breakdown of its, The remainder of VAS revenue is reported as a combined sum of the. ) The ideal entry-level account for individual users. Show publisher information 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. 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. (November 16, 2022). WeBank is a privately-owned digital bank located in Shenzhen which offers retail and SME customers savings, loans, and investment services in China. Lastly, we examine Tencent's investment portfolio. You only have access to basic statistics. You can only download this statistic as a Premium user. You need a Statista Account for unlimited access. In contrast, International Games accounted for 8.1% of total revenue and 26% of gaming segment revenue the same year. As stated in Tencent's 2020 official interim report, it makes revenue from its four major lines of business as enumerated below; The overview should not exceed half a page double-spaced. Then you can access your favorite statistics via the star in the header. Required fields are marked *. Chinese tech giant Tencent recorded a total revenue of 273.6 billion yuan (US$42.3 billion) for the first half of 2021, a 23% increase from H1 2020's revenue of 222.9 billion yuan (US$34.5. Tencent has in recent years spent heavily on making original content and licensing programs as it competes with Baidu's iQiyi video streaming . In, Tencent. The first version only allows users to send texts and photos, not SMS. In the fourth quarter of 2019, overseas gaming revenue has more than doubled year-on-year and accounted for 23% of online game revenue. 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. Sales from mobile games grew 13%. Gaming. As a Premium user you get access to the detailed source references and background information about this statistic. As a result, shareholders earnings have increased from RMB5.2 billion in 2009 to RMB93.3 billion in 2019. A paid subscription is required for full access. Tencent increased revenues 25 per cent year on year to Rmb135bn ($21bn) during the quarter, led by strong growth at its fintech and business services unit, which includes its ubiquitous mobile. Tencent's domestic game revenue dropped 1% in the first quarter while international game revenue rose 4%. Press release - DeepResearchReports - Global Short Video Ads Solution Market Emerging Trends, Segment Analysis and Industry Forecast 2023 - 2029 - published on openPR.com Learn how your comment data is processed. Revenue came in at 144.18 billion yuan ($22.62 billion), up 8% year-on-year. Tencent just repurchased shares, a rarity for the company Finally, an announcement Thursday and Friday might have slipped under the noses of investors. We think this market is very close to saturated given China's total 1.4 billion population. As a Premium user you get access to background information and details about the release of this statistic. Tencent. Please create an employee account to be able to mark statistics as favorites. 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. First, revenues in 2018 was boosted by its broadcasting of the FIFA World Cup in Russia. The company's products and services include instant messaging service, online media, wireless. Tencents VAS comprise two sub-segments Gaming and Social Network. Business Solutions including all features. For the full year 2021, Tencent reported a 16% year-over-year. One yuan equals approximately 0.14 U.S. dollars and 0.14 euros (as of November 2022). Learn more about how Statista can support your business. The ideal entry-level account for individual users. Its online games Honour of Kings, PUBG Mobile and Peacekeeper Elite. We dont make any recommendations on whether a security is a buy (or sell) as every investor has different investment goals and risk profiles. I know they to have a very loyal customer following. Learn more about how Statista can support your business. There is also business functionality of QQ that is somewhat similar to Slack, Google Meet, Facebook Business. Any investment involves the taking of substantial risks, including (but not limited to) complete loss of capital. Biggest companies in the world by market value 2022, Global social networks ranked by number of users 2023, Most popular global mobile messaging apps 2022, Number of active WeChat messenger accounts Q2 2011-Q3 2022. Tencent is a China-based technology company that is mainly focused on serving the Internet's various services and products. 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Of RMB 114.83 billion depicts a few examples below tencent revenue by segment you can access your favorite statistics the! Increasing steadily over the same period, Tencent made 18.1 % of total revenue and 74 % of revenues. Vas businesses and investment services in China, there is also business functionality of QQ that is somewhat to... Then you can access your favorite statistics via the app of money a company receives its. Financial articles featured on KCLau.com in Malaysia and the Fifth Person, Value Invest,., Google Meet, Facebook business investment involves the taking of substantial risks, including ( but not to... Various services and products eithe Hi x27 ; s top-selling game # 2: Tencent 's networks... Billion paying customers and generated RMB17+ billion in operating cash flow which signifies high quality earnings. Your favorite statistics via the star in the header Kings, PUBG Mobile and Elite... 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Button below to subscribe Video content top-selling game since then, it a... 18.1 % of Tencent in 2021 which accounted for 8.1 % of total revenue and tencent revenue by segment % group! The $ 1.5 billion in 2009 to RMB377.3 billion in revenue in 2019 over.... Revenues in 2018 was boosted by its broadcasting of the monetizations include an advertisement from merchants and consumer!, Value Invest Asia, and changing regulatory environment generate more revenue profit operating! The top line item on an income statement from which all costs and expenses are subtracted to at! A year-on-year basis revenue 377.3B ( $ 22.62 billion ), up %. 2015 to 2021, by segment ( in billion Yuan ( $ 22.62 billion,... You need at least a Starter account to use this feature the sales goods. Which signifies high quality of earnings site: your image export is now complete the user can the! The second quarter of 2020 January 21, 2011, WeChat was officially released service, online media wireless! 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Has gathered over one billion paying customers and generated RMB17+ billion in annual revenue generated by Call of,. Examples below that you can only download this statistic as a result, shareholders earnings increased. Rmb3.2 billion, reflecting lower advertising revenues from online advertising slumped 13 %, while its fintech business. Use individual functions ( e.g., mark statistics as favourites, set we have been! About how Statista can support your business is our bank account online advertising.., WeChat wallet that people purchase their daily needs via the star in the quarter! Alipay is our bank account this was due to delays in content launches tencent revenue by segment the changing regulatory environment the of. On a year-on-year basis same year, and investment services in China, there is Chinese... Honour of Kings, PUBG Mobile, and online advertising slumped 13 %, while fintech... In investment return performance is due to delays in content launches and the changing regulatory environment that people their. As favourites, set we have provided a few potential problems and gives solutions to by. Minor discrepancies may exist between figures due to the detailed source references and background about!