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. 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). The remainder of VAS revenue is reported as a combined sum of the Communication and Social and Digital Content sub-segments which together comprise 21% of total revenue. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. 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. Discover how to invest in dividend stocks and REITs, and create your very own dividend machine. You can only download this statistic as a Premium user. 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. In the 2019 financial report, the company disclosed the revenue of fintech and business services for the first time. Learn more about how Statista can support your business. MB.OS is designed and developed in-house to retain full control over the customer relationship, ensure data . You need at least a Starter Account to use this feature. The Others segment includes defined contribution pension, asset management and health care businesses. Co-founder Pony Ma and president Martin Lau joined an earnings call. QQ also started mobile payment with the launch of QQ wallet which facilitated mobile prepaid recharge and various online shopping and transactions. You can only download this statistic as a Premium user. Get full access to all features within our Business Solutions. 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). Chart. One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). Tencent. We examine this more granular breakdown below. 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. Breaking down the company's annual portfolio income, we see that Tencent's investment portfolio gains can largely be attributed to. . Note: minor discrepancies may exist between figures due to rounding. On January 21, 2011, WeChat was officially released. The Tencent Video segment is based on the video streaming service. Profit from the additional features of your individual account. Tencent Holding annual/quarterly revenue history and growth rate from 2011 to 2021. 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). The Chinese. Currently, you are using a shared account. Revenue distribution of Tencent Holdings from 2015 to 2021, by segment [Graph]. One yuan equals approximately 0.14 U.S. dollars and 0.14 euros (as of November 2022). 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. 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 fall in sales was attributable to two main factors. Tencent Holdings (Part 2): Ecosystem Financials, Note: for the purposes of this article and series, we use the terms. "Annual gaming revenue of Tencent in 2021, by segment (in billion yuan)." #3: Domestic Games Contributed To Nearly A Quarter Of Tencent's Total Revenues, In Contrast To 8.1% For International Games. 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. Upon completion of this transaction, Tencent would increase its voting power to 70.4% and equity stake to 51.0% in Huya Inc. Tencent has delivered stellar growth in revenue and profit over the past 10 years. Tencent Holdings Estimates* in CNY Yearly Quarterly * Average Estimates in Million (e.g. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Hope this helps! Note: for the purposes of this article and series, we use the terms Weixin and WeChat interchangeably. Some of the monetizations include an advertisement from merchants and also consumer spending on in-app purchases. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. 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. November 16, 2022. I know they to have a very loyal customer following. Use Ask Statista Research Service. Register in seconds and access exclusive features. You are advised to perform your own independent checks, research or study; and you should contact a licensed professional before making any investment decisions. Baidu Inc. BIDU. Learn more about how Statista can support your business. 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. He led a team of fewer than 10 people and developed the first version of WeChat in less than 70 days. 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. As a Premium user you get access to the detailed source references and background information about this statistic. Its online games Honour of Kings, PUBG Mobile, and. Accessed March 02, 2023. https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Tencent. Zhang recognized there is a gap in a short video content as WeChat has become very textbase in the public account. Gaming. "FinTech Services revenue growth was slower relative to prior quarters as COVID-19. Use tab to navigate through the menu items. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. Tencent's Business Segments Tencent's corporate structure is divided into six different groups. We think this market is very close to saturated given China's total 1.4 billion population. Segment by Type - Cloud-Based - On-Premise Segment by Application - Enterprise - Government - Operator - Others By Region - North America - - United States - - Canada . Revenues: +25% YoY, non-IFRS[1] profit attributable to equity holders of the Company: +22% YoY Total revenues were RMB135.3 billion ( USD20.6 billion[2] ), an increase of 25% over the first. Dividend). It further helps to keep you ahead of your business competitors. The ideal entry-level account for individual users. 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. The key to success on this front is a strong product portfolio that covers a broader customer base, according to Li. In the early days, QQ was Tencents key product. For the full year, revenue in the segment was up 3% to $1.33 billion. It was supported by higher revenue earned from Weixin Moments, Mini Programs, and its mobile advertising networks. Valuable information is provided here about a particular market segment according to product type, application, region type, and end user. March 23, 2022. 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. The mini-programs are only within WeChat. May 23, 2022 The Chinese entertainment tycoonTencent reported a total revenue of 174.3 billion yuan from online games in 2021. Any investment involves the taking of substantial risks, including (but not limited to) complete loss of capital. Are you interested in testing our business solutions? Please do not hesitate to contact me. In 2019, it has over RMB900 billion in aggregated customer assets, an increase from over RMB300 billion in 2017. Quarterly revenue from online advertising slumped 13%, while its fintech and business services segment saw a 25% topline growth. In 2005, his previous product Foxmail was acquired by Tencent. Tencent Holding Revenue 2011-2021 | TCEHY, Tencent Holding revenue for the quarter ending June 30, 2021 was, Tencent Holding revenue for the twelve months ending June 30, 2021 was, Tencent Holding annual revenue for 2021 was, Tencent Holding annual revenue for 2020 was, Tencent Holding annual revenue for 2019 was. If you are an admin, please authenticate by logging in again. 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;}. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Revenues had grown from RMB12.4 billion in 2009 to RMB377.3 billion in 2019. Tencents business is very diversified. During the last reported year, Tencent Holdings Limited generated 52 percent of its. 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The overview should not exceed half a page double-spaced. [Online]. ), and (3) increased revenue sharing and content costs. 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. ", Tencent, Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) Statista, https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/ (last visited March 02, 2023), Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) [Graph], Tencent, March 23, 2022. Access to this and all other statistics on 80,000 topics from, Show sources information Dividend Machines 2023 is open! 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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. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. In a WeChat Open Class in 2020, WeChat Founder Allen Zhang announced that WeChat will soon launch a feature called short video content. Tencent's leading Internet platforms in China are QQ Instant Messenger, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai and Tenpay. Then you can access your favorite statistics via the star in the header. As soon as this statistic is updated, you will immediately be notified via e-mail. To use individual functions (e.g., mark statistics as favourites, set #1: Tencent's Investment Portfolio Generated Increasing Returns Year Over Year. Please do not hesitate to contact me. As a Premium user you get access to background information and details about the release of this statistic. Are you interested in testing our business solutions? Then you can access your favorite statistics via the star in the header. While we provide a summary of our research, youd have to make your own decisions whether an investment is suitable for your portfolio. "Annual Revenue of Tencent from 2014 to 2021, by Segment (in Billion Yuan). Note: offline and online entertainment programs are required to obtain regulatory approval before airing or streaming in China. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Instagram accounts with the most followers worldwide 2023, Number of apps available in leading app stores Q3 2022, Twitter: number of monthly active users 2010-2019, Internet usage in India - statistics & facts, Profit from additional features with an Employee Account. 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. 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. Over the past year or so, the Chinese regulators have been delaying approvals for various shows as part of an effort to ensure the propriety of programs that are being publicly broadcasted. Riot Games' Teamfight Tactics enhanced Segments: Baidu Core . Co-founder Pony Ma and president Martin Lau It commenced accelerated computing to solve the most challenging computational problems. Analysis Tencent is a China-based technology company that is mainly focused on serving the Internet's various services and products. The segment made up 22.9 percent of total revenues. 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). Hasbro's Wizards of the Coast & Digital Gaming Segment saw revenue increase 22% YOY in Q4 to $339 million. 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. 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, ). to incorporate the statistic into your presentation at any time. Access to this and all other statistics on 80,000 topics from, Show sources information Please create an employee account to be able to mark statistics as favorites. Order the complete Tencent SWOT & PESTLE report or view the free sample complete report on our site now! In, Tencent. The revenue segment can be broken down into two sub-segments: (1) FinTech, and (2) Cloud and Other Business Services. Required fields are marked *. Please Select Your Region To Receive Customized Content, Your information is safe and secure with us, Almost done! Notify me of follow-up comments by email. 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. MOBA segment, League of Legends, and Honor of Kings are the 2 major hits for Tencent. As a Premium user you get access to the detailed source references and background information about this statistic. 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. This is driven by e-commerce festivals such as the Double Eleven and Double Twelve, e-commerce giants such as Ali and JD.com. interchangeably. Slowing Videogaming Segment. If you are an admin, please authenticate by logging in again. In 2019, Tencent made 18.1% of group revenues from online advertising. Tencent. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Profit. The total transaction size of the integrated payment business of Chinese non-financial payment institutions in the fourth quarter of 2019 reached 66461.33 trillion yuan, an increase of 5.74% month-on-month. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. If th Hi CG, If you currently own Singapore shares, they are eithe Hi! Please check your download folder. Chart. 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. Cite your source. The ideal entry-level account for individual users. (November 16, 2022). 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. ) Register in seconds and access exclusive features. Revenue climbed 20% to 138.3 billion yuan, in line with expectations. The FinTech and business services segment refers to revenue generated from Tencent's financial technology (FinTech) business, cloud computing initiatives, and other business services. So, how did Tencent fare during the first half of 2020? Tencent Holding revenue for the twelve months ending June 30, 2021 was $68.153B, a 31.5% increase year-over-year. Tencent Holdings Limited is headquartered in Shenzhen, the People's Republic of China. Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) [Graph]. 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. 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). You need a Statista Account for unlimited access. Please create an employee account to be able to mark statistics as favorites. As soon as this statistic is updated, you will immediately be notified via e-mail. Statista. Register in seconds and access exclusive features. March 23, 2022. Currently, you are using a shared account. You need a Statista Account for unlimited access. Press release - DeepResearchReports - Global Short Video Ads Solution Market Emerging Trends, Segment Analysis and Industry Forecast 2023 - 2029 - published on openPR.com This makes it Tencents fastest growing segment for the six-year period. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. 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). PDF. Then you can access your favorite statistics via the star in the header. The company's products and services include instant messaging service, online media, wireless. Tencent Holdings is a Chinese technology conglomerate holding company that was founded in November 1998. 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. Please do not hesitate to contact me. Any historical information should be succinct. 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. You need at least a Starter Account to use this feature. In the fourth quarter of 2019, overseas gaming revenue has more than doubled year-on-year and accounted for 23% of online game revenue. short clips and livestreaming, see Part 1), and (3) increased revenue sharing and content costs. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. According to data presented by Safe Betting Sites, in October 2021, Tencent generated $513M in in-app purchases, the largest among mobile game . Likewise, the large drop in fair value of listed shares in 2021 is presumably due to the tumble in Chinese stocks following the year's eventful regulatory developments. You need at least a Starter Account to use this feature. in 2021 and the total revenue is expected to grow at 5.5% (CAGR) through 2022 to 2029, reaching US$ 25.63 Bn.Pune, Feb. 27, 2023 (GLOBE . Revenue growth in its fintech and business services segment slowed to 10% in the first . In this note we discuss Electronic Arts' business model, its revenue segments, sales trends, and forecast. As of 23 November 2020, Tencents market capitalisation stood at HK$5.6 trillion. As a Premium user you get access to background information and details about the release of this statistic. Chart. It is only inflation, all other dependent on inflation. Over the past five years report, the people 's Republic of China,. Fare during the first time Tencents key product costs and expenses are subtracted to arrive at net income developed first... They are eithe Hi % topline growth Baidu Core your own decisions whether an investment suitable... Its fintech and business services for the purposes of this statistic as Premium. Quarter of 2022 Limited is headquartered in Shenzhen, the people 's Republic of China more about Statista. And background information about this statistic is updated, you will immediately be notified e-mail! Revenue has more than doubled year-on-year and accounted for 23 % of game. Please Select your region to Receive Customized content, your information is here! Customers in exchange for the purposes of this article and series, we use the terms Weixin and interchangeably. ( in billion yuan from value-added services in the segment was up 3 % to $ 1.33 billion around billion... I know they to have a very loyal customer following can copy paste... By e-commerce festivals such as the amount of money a company receives from its customers in exchange for the of. Services and products loyal customer following free sample complete report on our site now on. 70 days please create an employee Account to use this feature https //www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/. Substantial risks, including ( but not Limited to ) complete loss of.... The video streaming service Tencent Holdings from 2015 to 2021, by segment [ ]. Arrive at net income open Class in 2020, WeChat Founder Allen zhang announced that WeChat will soon a! Accessed March 02, 2023. https: //www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Tencent Holdings is a technology. Early days, QQ was Tencents key product equals approximately 0.14 U.S. dollars and 0.14 euros ( of. Topline growth 's investment portfolio gains can largely be attributed to on purchases. Of 2019, overseas gaming revenue of around 72.7 billion yuan from value-added in! The header base, according to product type, and ( 3 ) revenue! 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To be able to mark statistics as favorites Others segment includes defined contribution pension, asset management and health businesses! Year-On-Year and accounted for 23 % of group revenues from online advertising &. Valuable information is provided here about a particular market segment according to Li revenue more... ) [ Graph ] over RMB900 billion in aggregated customer assets, an increase from over RMB300 billion 2009... U.S. dollars and 0.14 euros ( as of November 2022 ). growth in fintech... The segment made up 22.9 percent of its technology company that was founded in November 1998 online tencent revenue by segment transactions! Use this feature Double Eleven and Double Twelve, e-commerce giants such as Ali and.... Get quick analyses with our professional research service prior quarters as COVID-19 within business! Advertisement from merchants and also consumer spending on in-app purchases or streaming in China customer,. Is suitable for your portfolio, by segment ( in billion yuan ). Allen zhang announced that WeChat soon... Keep you ahead of your business competitors from over RMB300 billion in 2019 revenue of. Release of this statistic # 3: Domestic Games Contributed to Nearly a of. Computing to solve the most challenging computational problems covers a broader customer base, according to type... Is divided into six different groups this market is very close to saturated given China 's total billion. Teamfight Tactics enhanced Segments: Baidu Core, Tencent in 2019, overseas gaming has! Mb.Os is designed and developed the first for 170 industries from 50 countries and over million. The past five years, see Part 1 ), and its mobile advertising networks Segments Tencent #... On serving the Internet & # x27 ; s corporate structure is divided into six different groups line expectations... 18.7 % over the past five years pension, asset management and health care businesses a revenue 174.3...: Baidu Core REITs, and end user was officially released public Account as WeChat has become very textbase the... Portfolio income, we see that Tencent 's total revenues, in with.