Use Ask Statista Research Service. We discuss the impact of other regulatory changes further in Part 3 . Your email address will not be published. Access to this and all other statistics on 80,000 topics from, Show sources information Media Advertising revenues decreased by 4% -on-year yearto RMB3.5 billion, primarily due to lower advertising revenues from Tencent News app. 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. Then you can access your favorite statistics via the star in the header. Tencent is a China-based technology company that is mainly focused on serving the Internet's various services and products. Any historical information should be succinct. In contrast, International Games accounted for 8.1% of total revenue and 26% of gaming segment revenue the same year. This is due to: Social and Other Advertising. March 23, 2022. Domestic Games accounted for 23% of Tencent's total revenue and 74% of revenue from the gaming segment 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 company's gross profit, operating income, and net income have also been increasing steadily over the time period. Produced 450+ financial articles featured on KCLau.com in Malaysia and The Fifth Person, Value Invest Asia, and Small Cap Asia in Singapore. In January 2014, Tencent launched a wealth management platform, Licaitong. Profit from the additional features of your individual account. "Annual gaming revenue of Tencent in 2021, by segment (in billion yuan)." As soon as this statistic is updated, you will immediately be notified via e-mail. Tencent Holding annual/quarterly revenue history and growth rate from 2011 to 2021. Notify me of follow-up comments by email. support@swotandpestle.com; . Show publisher information Tencent's VAS comprise two sub-segments - Gaming and Social Network. In 2019, Tencent generated RMB15.5 billion in media advertising revenues, a 15.4% decline from RMB18.3 billion in 2018. 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. 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. 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 . You can only download this statistic as a Premium user. For the full year, revenue in the segment was up 3% to $1.33 billion. 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. Over the past 6 months, the stock has traded down approximately 30% from $100/share. Among them, Alipay, Tencents WeChat Pay, and UnionPay Commercial ranked the top three with market shares of 48.76%, 33.05%, and 7.53% respectively. The mini-programs are only within WeChat. We examine this more granular breakdown below. The major producers in this industry include Tencent, Microsoft, Sony, etc., whose annual revenue accounts for 4.16%, 4.08% and 3.99% respectively. Please do not hesitate to contact me. Please create an employee account to be able to mark statistics as favorites. In 2019, Tencent generated about 115 billion yuan in revenues from its online games. Each voice message cannot exceed 60 seconds. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. One yuan equals approximately 0.14 U.S. dollars and 0.14 euros (as of November 2022). WeBank is a privately-owned digital bank located in Shenzhen which offers retail and SME customers savings, loans, and investment services in China. You can only download this statistic as a Premium user. Learn more about how Statista can support your business. The ideal entry-level account for individual users. On 3 April 2020, Tencent acquired 16.5 million Class B ordinary shares of Huya Inc. for US$262.6 million. Get full access to all features within our Business Solutions. #3: Domestic Games Contributed To Nearly A Quarter Of Tencent's Total Revenues, In Contrast To 8.1% For International Games. In 2013, Tencent launched Weixin Pay/WeChat Pay, a mobile payment services app widely used in China. The segment accounts for about 42% of Nvidia's total revenue.. Currently, you are using a shared account. WeChat wants to empower everyone to create content. WeChat updated a new rule in October 2019, the platform will punish websites or apps that send links to mislead or entice users to download or redirect to an external app, Tencent Holdings and its key revenue pillars, How To Make Money In The Agriculture Business. Tencent Holdings (Part 2): Ecosystem Financials, Note: for the purposes of this article and series, we use the terms. ", 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. In, Tencent. The Others segment includes defined contribution pension, asset management and health care businesses. For the full year 2021, Tencent reported a 16% year-over-year. It further helps to keep you ahead of your business competitors. Register in seconds and access exclusive features. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. "Revenue of Tencent in 3rd Quarter 2022, by Segment (in Billion Yuan). Analysis Lau added Tencent will add a new. Revenue) or per share (e.g. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. 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. [Online]. Sales from mobile games grew 13%. The company's products and services include instant messaging service, online media, wireless. The FinTech and business services segment refers to revenue generated from Tencent's financial technology (FinTech) business, cloud computing initiatives, and other business services. 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). Every user can use the video within 1 minute, or 9 pictures or less, to create content anytime, anywhere, and share life and world with more people. Dividend investor. 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 Business Segments Tencent's corporate structure is divided into six different groups. You need at least a Starter Account to use this feature. Revenue distribution of Tencent Holdings from 2015 to 2021, by segment [Graph]. Tencent. To use individual functions (e.g., mark statistics as favourites, set To use individual functions (e.g., mark statistics as favourites, set 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. FinTech Services revenue growth primarily reflected increasing commercial Learn how your comment data is processed. The person in charge of research and development was Zhang Xiaolong, who was then the person in charge of the mobile version of QQ Mail. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Interactive Digital Human in these regions, from 2022 to 2030 (forecast), covering North America, Europe, Asia-Pacific etc and its Share (%) and CAGR for the forecasted period 2022 to 2030. Currently, you are using a shared account. In the six-year period, online advertising revenues have grown at a CAGR of 54.5% over the past six years from RMB5.0 billion in 2013 to RMB68.4 billion in 2019. 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. Currently, you are using a shared account. 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 Part 1) 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 has continued to report growth in group revenues and shareholders earnings in Q1 and Q2 2020 during the peak of the pandemic. [Online]. In 2019, Tencent derived 53% of group revenues from its VAS businesses. We dont make any recommendations on whether a security is a buy (or sell) as every investor has different investment goals and risk profiles. Copyright 2023 The Fifth Person. Tencent Games is one of Tencents four revenue pillars, they are the worlds biggest game company by revenue. Statista. Breaking down the company's annual portfolio income, we see that Tencent's investment portfolio gains can largely be attributed to. 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. The Spot on, Jones! Tencent just repurchased shares, a rarity for the company Finally, an announcement Thursday and Friday might have slipped under the noses of investors. Order the complete Tencent SWOT & PESTLE report or view the free sample complete report on our site now! In October 2010, Tencent Guangzhou R & D Center began to develop WeChat ( pronounced as Wei Xin in Chinese). This product launched by WeChat in January 2017 and the mini-program is a light-weight application with rich functions and simple operations embedded in WeChat. Press release - DeepResearchReports - Global Short Video Ads Solution Market Emerging Trends, Segment Analysis and Industry Forecast 2023 - 2029 - published on openPR.com Please do not hesitate to contact me. March 1, 2022 6:29 AM | 1 min read. At the current price of nearly HKD600, is Tencent still a good buy? 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). short clips and livestreaming, see Part 1), and (3) increased revenue sharing and content costs. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. 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. This report depicts a few potential problems and gives solutions to them by doing comprehensive research on the market scenario. 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. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. By region, North America had the highest share . Merchants increase channels and sales, and users are more convenient. Tencent achieved a 10-year CAGR of 40.7% and 33.6% in its group revenues and shareholders earnings respectively. Tencent made over $56 billion in revenue in 2019, alone. Profits. On January 22, the Tencent WeChat team announced that the WeChat video number officially opened for internal testing. You only have access to basic statistics. Push to send voice messaging ease of use led to an increased download. Lau was referring to a segment that included Tencent's new cloud business, which posted its first annual revenue of 9.1 billion yuan ($1.36 billion). 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. Accessed March 02, 2023. https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Tencent. Access to this and all other statistics on 80,000 topics from, Show sources information Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Nvidia Corporation is an American multinational technology company. In 2019, Tencent derived 53% of group revenues from its VAS businesses. The key to success on this front is a strong product portfolio that covers a broader customer base, according to Li. Chapter 9 Key Companies Breakdown by Overall Market Size & Revenue by Type Chapter 10 Business / Industry Chain (Value & Supply Chain Analysis) Chapter 11 Conclusions & Appendix Statista. 3 Please refer to the official announcement for details. Tencent News and Tencent Video, see Part 1) have declined due to delays in content launches and the changing regulatory environment. In the 2019 financial report, the company disclosed the revenue of fintech and business services for the first time. Its online games Honour of Kings, PUBG Mobile, and. Alibaba Cloud Computing Revenue Growth Rate in . 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. Mercedes-Benz today detailed its plans as the architect of its own operating system MB.OS, which will be introduced mid-decade with the new MMA platform (Mercedes Modular Architecture). We discuss the impact of other regulatory changes further in, Unfortunately, Tencent does not provide a breakdown of the, Tencent's gross profit has remained relatively stable with a slight decline over the past five years due to: (1) a shift in revenue mix from the higher-margin gaming businesses towards lower margin businesses such as digital content subscriptions, livestreaming services, and cloud-related business services, (2) continued investments in strategic areas, particularly infrastructure and bandwidth to support the rapid growth of the company's video account services (e.g. statistic alerts) please log in with your personal account. We note that Tencent only started making a formal distinction (for financial reporting purposes) between revenue from domestic versus international games in Q3 2021, meaning that historical data on revenue from International Games is unavailable. 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. Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) [Graph]. Please complete this form and click the button below to subscribe. 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. Business Solutions including all features. Since then, it has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019. Slowing Videogaming Segment. Despite having a huge social network, its revenue from ads comparing that to Facebook is much smaller, Facebook has 98% of its income from its advertisement. Register in seconds and access exclusive features. Access to this and all other statistics on 80,000 topics from, Show sources information 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. In contrast, QQ's smart device MAU has been declining since 2018 from 699.8 million MAUs to 552.1 million in 2021, 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 from this segment grew 1% year-on-year to 42.2 billion yuan, a slowing from the quarter before. Tencent revenue has been posting strong growth over the past 5 years. Given a history of +5-10% revenue growth, and . 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