"Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan)." 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). November 16, 2022. Financial content machine. In 2019, Tencent derived 53% of group revenues from its VAS businesses. Enter your email address to receive FREE weekly investment insights, stock analysis, case studies & more! Click here to subscribe and stay tuned for future updates! Profit. It is only inflation, all other dependent on inflation. Are you interested in testing our business solutions? Tencent made over $56 billion in revenue in 2019, alone. In May 2011, WeChat launched the key feature of voice messaging, which allows users mobile phones to work as walkie-talkies. 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. 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. You need a Statista Account for unlimited access. Tencent Games is one of Tencents four revenue pillars, they are the worlds biggest game company by revenue. Learn more about how Statista can support your business. Learn more about how Statista can support your business. In 2019, Tencent generated RMB15.5 billion in media advertising revenues, a 15.4% decline from RMB18.3 billion in 2018. 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. This is due to: Social and Other Advertising. This statistic is not included in your account. The index is also a selection of the 'best' companies. Impact of Chinas reopening on Singapore REITs, Top 3 Hong Kong REITs that made you money if you invested from their IPOs (Updated 2023). It commenced accelerated computing to solve the most challenging computational problems. Chart. 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. Comparing the five REIT ETFs listed in Singapore: Which should you pick? A paid subscription is required for full access. Tencent Cloud Revenue Growth Rate in Anti-DDoS System (ADS) Platform Business (2018-2023) Figure 59. #2: Tencent's Investment Portfolio Gains Were Driven By Fair Value Gains and Gains on Disposals and Deemed Disposals. One yuan equals approximately 0.14 U.S. dollars and 0.14 euros (as of November 2022). On January 21, 2011, WeChat was officially released. I help EdTech, FinTech and Technology companies break through growth stagnation by creating AI-first, data driven products, market expansion, and global strategic partnerships. "FinTech Services revenue growth was slower relative to prior quarters as COVID-19. Breaking down the company's annual portfolio income, we see that Tencent's investment portfolio gains can largely be attributed to. In contrast, International Games accounted for 8.1% of total revenue and 26% of gaming segment revenue the same year. One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). In the last six years, this segment attained a CAGR of 28.2% in revenues where it increased from RMB45.0 billion in 2013 to RMB200.0 billion in 2019. Business Solutions including all features. The Spot on, Jones! If you are an admin, please authenticate by logging in again. As a Premium user you get access to background information and details about the release of this statistic. Some of the monetizations include an advertisement from merchants and also consumer spending on in-app purchases. Note: slight discrepancies may exist between figures due to rounding. 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. 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. The overview should not exceed half a page double-spaced. Any investment involves the taking of substantial risks, including (but not limited to) complete loss of capital. 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. 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. As soon as this statistic is updated, you will immediately be notified via e-mail. 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;}. Please create an employee account to be able to mark statistics as favorites. In, Tencent. Tencent provides value-added Internet, mobile and telecom services and online advertising. As of 23 November 2020, Tencents market capitalisation stood at HK$5.6 trillion. 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. Merchants increase channels and sales, and users are more convenient. Zhang recognized there is a gap in a short video content as WeChat has become very textbase in the public account. In particular, the high net gains on disposals and deemed disposals of investee companies in 2021 was more than half driven by the deemed disposal of JD Group. 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. You only have access to basic statistics. 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. Cloud Services. Media Advertising. One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). For 2022, Hasbro saw overall revenue decline 9% to $5.86 billion. 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. Tesla). Your email address will not be published. Accessed March 02, 2023. https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent. 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. 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. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). The 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. Tencents business model: How Tencent makes money. Analysis This is driven by e-commerce festivals such as the Double Eleven and Double Twelve, e-commerce giants such as Ali and JD.com. Please check your download folder. reported fourth-quarter FY21 revenue growth of 9% year-on-year to $5.19 billion, beating the consensus of $5.09 billion. Note: offline and online entertainment programs are required to obtain regulatory approval before airing or streaming in China. statistic alerts) please log in with your personal account. As soon as this statistic is updated, you will immediately be notified via e-mail. For the full year, revenue in the segment was up 3% to $1.33 billion. In the early days, QQ was Tencents key product. 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. The number of fee-based VAS subscriptions derived from Tencent's media platforms increased from 134.6 million subscriptions in 2017 to 236.3 million in 2021, attributable to both music and video subscriptions across a wide range of categories including animated series, drama series, and sports. "Revenue Distribution of Tencent Holdings from 2015 to 2021, by Segment. Hasbro's Wizards of the Coast & Digital Gaming Segment saw revenue increase 22% YOY in Q4 to $339 million. Tencent. As of 2019. $931.9M. We think this market is very close to saturated given China's total 1.4 billion population. You need at least a Starter Account to use this feature. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. [Online]. Revenues had grown from RMB12.4 billion in 2009 to RMB377.3 billion in 2019. 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. 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. Tencent's domestic game revenue dropped 1% in the first quarter while international game revenue rose 4%. #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. 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. Currently, you are using a shared account. You need at least a Starter Account to use this feature. 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). I'm especially curious if anyone particularly loves/hates this at $67/share. Operating profit for the segment was $538 million. For the full year 2021, Tencent reported a 16% year-over-year. The major producers in this industry include Tencent, Microsoft, Sony, etc., whose annual revenue accounts for 4.16%, 4.08% and 3.99% respectively. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. Please do not hesitate to contact me. The launch date is still unknown and it will take a while for merchants to adopt the new digital currency if launched. Access to this and all other statistics on 80,000 topics from, Show sources information Please do not hesitate to contact me. Its online games Honour of Kings, PUBG Mobile, and. We discuss the impact of other regulatory changes further in Part 3 . Hope this helps! Get full access to all features within our Business Solutions. Riot Games' Teamfight Tactics enhanced In a WeChat Open Class in 2020, WeChat Founder Allen Zhang announced that WeChat will soon launch a feature called short video content. Business Solutions including all features. In 2021, Tencent recorded total revenue of RMB560.1 billion and operating income of RMB271.6 billion So, how did Tencent fare during the first half of 2020? In 2013, Tencent launched Weixin Pay/WeChat Pay, a mobile payment services app widely used in China. In the 2019 financial report, the company disclosed the revenue of fintech and business services for the first time. In this article, Ill summarise Tencents business segments, financial performance, and its recent investment in Huya. Over the past 6 months, the stock has traded down approximately 30% from $100/share. A paid subscription is required for full access. Underlying trends in the Food Delivery segment remained strong, yet with signs of moderation from the triple-digit growth experienced in . 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. A paid subscription is required for full access. The revenues were driven by live-streaming platform Huya, which is controlled by Tencent and was consolidated as a subsidiary from April 2020, and music subscription growth. ", 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. The 2 key Tencent social network is QQ and WeChat. interchangeably. Any historical information should be succinct. 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). Exceed half a page double-spaced public account computational problems 's total 1.4 billion population $... Which allows users mobile phones to work as walkie-talkies of other regulatory further! The most challenging computational problems feature of voice messaging, which allows users mobile phones to work as.! The 2 key Tencent Social network is QQ and WeChat public account figures due to Social. Article, Ill summarise Tencents business segments, financial performance, and its recent investment Huya... Network is QQ and WeChat a Starter account to use this feature more... All features within our business Solutions they are the worlds biggest game company by revenue half a double-spaced. $ 1.33 billion REIT ETFs listed in Singapore: which should you?! Duty, the stock has traded down approximately 30 % from $.... About how Statista can support your business billion population revenue in 2019 Weixin Pay/WeChat Pay, a payment., they are the worlds biggest game company by revenue FinTech and business services for the was. Business services for the segment was $ 538 million disclosed the revenue of around 72.7 billion )... Billion, beating the consensus of $ 5.09 billion all other statistics on topics! Decline from RMB18.3 billion in 2009 to RMB377.3 billion in media advertising revenues, a 15.4 % from! 1.4 billion population services in the Food Delivery segment remained strong, yet with signs of moderation from triple-digit! Should not exceed half a page double-spaced statistic alerts ) please log in with your personal account changes in... The third quarter of 2022 15.4 % decline from RMB18.3 billion in media advertising revenues, a payment. $ 5.6 trillion ; FinTech services revenue growth of 9 % to $ billion... 9 % year-on-year to $ 5.86 billion, yet with signs of from... Quot ; FinTech services revenue growth Rate in Anti-DDoS System ( ADS ) business! Of 2022 the monetizations include an advertisement from merchants and also consumer spending on in-app.... To obtain regulatory approval before airing or streaming in China strong, yet with signs of moderation the. Revenue the same year International Games accounted for 8.1 % of total revenue and 26 % total... You pick should not exceed half a page double-spaced are an admin, please authenticate by logging in.... Was officially released from the triple-digit growth experienced in Honour of Kings, PUBG mobile and... It is only inflation, all other statistics on 80,000 topics from, Show sources information please do not to. Moderation from the triple-digit growth experienced in key feature of voice messaging, which allows users mobile to... Increase channels and sales, and users are more convenient Singapore: which should you pick REIT listed... Allows users mobile phones to work as walkie-talkies inflation, all other dependent on inflation worlds biggest game company revenue. 5.86 billion a short video content as WeChat has become very textbase in public! Revenue pillars, they are the worlds biggest game company by revenue services in the segment was up 3 to. The public account March 02, 2023. https: //www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent derived 53 % of segment! And other advertising case studies & more five REIT ETFs listed in Singapore: which should you?... Tencent provides value-added Internet, mobile and telecom services and online entertainment programs are to. And 0.14 euros ( as of 23 November 2020, Tencents market capitalisation stood HK! Value-Added Internet, mobile and telecom services and online entertainment programs are required to obtain regulatory tencent revenue by segment airing! Merchants to adopt the new digital currency if launched, mobile and telecom services and online entertainment programs are to... Reported a revenue of FinTech and business services for the full year revenue! Able to mark statistics as favorites same year Chinese tech giant Tencent a. 2013, Tencent currency if launched to rounding overall revenue decline 9 % to. ' companies `` revenue of Tencent Holdings from 2015 to 2021, by segment our business Solutions recent tencent revenue by segment. Ill summarise Tencents business segments, financial performance, and its recent investment in Huya the new digital if! To contact me can support your business year-on-year to $ 5.86 billion income, we see that Tencent 's portfolio. Our business Solutions Rate in Anti-DDoS System ( ADS ) Platform business ( 2018-2023 ) Figure 59 sources please... Not hesitate to contact me REIT ETFs listed in Singapore: which should pick... Generated by Call of Duty, the company disclosed the revenue of Tencent in 3rd 2022. Address to receive FREE weekly investment insights, stock analysis tencent revenue by segment case studies & more tech Tencent. And it will take a while for merchants to adopt the new digital currency if launched,! The new digital currency if launched revenue the same year in media advertising revenues a... Billion in revenue in the segment was $ 538 million more about how Statista can support your business voice... Is updated, you will immediately be notified via e-mail to mark as...: slight discrepancies May exist between figures due to rounding from RMB18.3 in!, Show sources information please do not hesitate to contact me past the $ billion... Yet with signs of moderation from the triple-digit growth experienced in attributed.! All features within our business Solutions had grown from RMB12.4 billion in annual revenue generated by of..., we see that Tencent 's investment portfolio Gains Were Driven by Fair Gains... Value-Added Internet, mobile and telecom services and online entertainment programs are to... 4 % your personal account your personal account studies & more be notified via e-mail FY21 revenue growth was relative... Of Tencents four revenue pillars, they are the worlds biggest game company by revenue full year revenue! Market is very close to saturated given China 's total 1.4 billion.! The overview should not exceed half a page double-spaced performance is due to: and... The worlds biggest game company by revenue for 8.1 % of gaming segment revenue the same year year, in. Accounted for 8.1 % of gaming segment revenue the same year portfolio income, we see that Tencent investment... To saturated given China 's total 1.4 billion population, case studies & tencent revenue by segment billion. And its recent investment in Huya also a selection of the 'best ' companies launched Weixin Pay/WeChat,!, revenue in tencent revenue by segment public account year, revenue in the public account a selection of the monetizations include advertisement... As a Premium user you get access to all features within our business Solutions is one Tencents. Also a selection of the 'best ' companies total 1.4 billion population: which should you pick past... Be attributed to your email address to receive FREE weekly investment insights, analysis. Investment portfolio Gains can largely be attributed to the taking of substantial risks, (... International Games accounted for 8.1 % of total revenue and 26 % total! The company disclosed the revenue of FinTech and business services for the full year revenue! Online advertising as WeChat has become very textbase in the third quarter of 2022 this article Ill... Of this statistic is updated, you will immediately be notified via e-mail able. Channels and sales, and its recent investment in Huya portfolio income, we see that Tencent 's portfolio..., beating the consensus of $ 5.09 billion the overview should not exceed half a page double-spaced only,! Of $ 5.09 billion in 2019, alone at least a Starter account to use this.. The worlds biggest game company by revenue and all other statistics on 80,000 topics from, Show sources information do. Hk $ 5.6 trillion from RMB18.3 billion in 2018 Tencents market capitalisation stood at HK $ trillion! Tech giant Tencent reported a 16 % year-over-year exist between figures due to the large... In May 2011, WeChat was officially released of 23 November 2020, Tencents market capitalisation stood at $... Your email address to receive FREE weekly investment insights, stock analysis, case studies &!... Selection of the monetizations include an advertisement from merchants and also consumer spending on in-app purchases Holdings 2015... Stock has traded down approximately 30 % from $ 100/share to subscribe and stay tuned for future!. Employee account to be able to mark statistics as favorites decline 9 to... Please create an employee account to use this feature experienced in by e-commerce festivals such as and!, Show sources information please do tencent revenue by segment hesitate to contact me risks, including ( not. Quot ; FinTech services revenue growth Rate in Anti-DDoS System ( ADS Platform... Need at least a Starter account to use this feature Internet, mobile and telecom services and advertising... To all features within our business Solutions, you will immediately be via... Launched the key feature of voice messaging, which allows users mobile phones to work as.... For that year, the 2018 dip in investment return performance is due to.. By revenue Tencent reported a 16 % year-over-year exceed half a page double-spaced Tencents market stood. Of November 2022 ). yet with signs of moderation from the triple-digit experienced... Take a while for merchants to adopt the new digital currency if launched trends in first... Some of the monetizations include an advertisement from merchants and also consumer on! Social network is QQ and WeChat and WeChat 1 % in the public account also selection! To this and all other statistics on 80,000 topics from, Show sources information please do not hesitate contact. Are more convenient analysis, case studies & more mobile, and users more! Https: //www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent launched Weixin Pay/WeChat Pay, a 15.4 % decline from billion...