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. In 2019, these businesses contributed 28.9% of group revenues to Tencent. 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. "FinTech Services revenue growth was slower relative to prior quarters as COVID-19. Tencents subsidiaries specialize technology products, the gaming industry, and artificial intelligence which enhance users day to day work and living experiences.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[320,50],'investpit_com-box-3','ezslot_4',117,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-box-3-0');if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[320,50],'investpit_com-box-3','ezslot_5',117,'0','1'])};__ez_fad_position('div-gpt-ad-investpit_com-box-3-0_1'); .box-3-multi-117{border:none !important;display:block !important;float:none !important;line-height:0px;margin-bottom:7px !important;margin-left:auto !important;margin-right:auto !important;margin-top:7px !important;max-width:100% !important;min-height:50px;padding:0;text-align:center !important;}, Tencent revenue has been posting strong growth over the past 5 years. The Others segment includes defined contribution pension, asset management and health care businesses. Get full access to all features within our Business Solutions. ", 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. A paid subscription is required for full access. Hope this helps! As of 30 June 2020, Tencent reported 1.2+ billion monthly active users of Weixin and WeChat worldwide combined, and continues to invest in the development of new games and digital content as means to sustain growth for many years to come. WeChat has 3.2 million mini programs on its platform, which transacted 1.6 trillion RMB in 2020. I know they to have a very loyal customer following. The segment made up 22.9 percent of total revenues. 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. 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. 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;}. 2014.07.25 . According to data presented by Safe Betting Sites, in October 2021, Tencent generated $513M in in-app purchases, the largest among mobile game . Alibaba Cloud Computing Revenue Growth Rate in . Since its founding, Tencent has found new income streams including high-performance advertising, gaming, digital content, and fintech services. Statista. On January 22, the Tencent WeChat team announced that the WeChat video number officially opened for internal testing. The ideal entry-level account for individual users. Tencent. statistic alerts) please log in with your personal account. in 2021 and the total revenue is expected to grow at 5.5% (CAGR) through 2022 to 2029, reaching US$ 25.63 Bn.Pune, Feb. 27, 2023 (GLOBE . "Annual gaming revenue of Tencent in 2021, by segment (in billion yuan)." In May 2011, WeChat launched the key feature of voice messaging, which allows users mobile phones to work as walkie-talkies. In, Tencent. In, Tencent. Tencent is a China-based technology company that is mainly focused on serving the Internet's various services and products. 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. Access to this and all other statistics on 80,000 topics from, Show sources information 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. Chart. In 2005, his previous product Foxmail was acquired by Tencent. Hasbro's Wizards of the Coast & Digital Gaming Segment saw revenue increase 22% YOY in Q4 to $339 million. Tencent just repurchased shares, a rarity for the company Finally, an announcement Thursday and Friday might have slipped under the noses of investors. March 23, 2022. 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. Rich functions and interesting gameplay make QQ one of the most popular social platforms for young users in China. Its online games Honour of Kings, PUBG Mobile, and. #1: The Weixin/WeChat Market Is Saturated, While QQ is Declining in Popularity. Tencent Video Subscriptions: This segment contributes an estimated RMB 9.6 bln ($1.5 bln) which is 1.9% of revenues. Do GDP and stock index ETFs actually grow in tandem? Tencent Holdings Estimates* in CNY Yearly Quarterly * Average Estimates in Million (e.g. 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. sail past the $1.5 billion in annual revenue generated by Call of Duty, the industry's top-selling game . Tencent Holding annual revenue for 2020 was $69.851B, a 27.95% increase from 2019. WeChat revenue model is to establish WeChat as the platform to bring merchants and consumers together to facilitate various transactions and extract service fees. As a Premium user you get access to background information and details about the release of this statistic. A paid subscription is required for full access. 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. May 23, 2022 The Chinese entertainment tycoonTencent reported a total revenue of 174.3 billion yuan from online games in 2021. Register in seconds and access exclusive features. We think this market is very close to saturated given China's total 1.4 billion population. 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. Tencents VAS comprise two sub-segments Gaming and Social Network. Its online games Honour of Kings, PUBG Mobile, and. Use tab to navigate through the menu items. 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. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. 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. 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. We discuss the impact of other regulatory changes further in Part 3 . 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. In 2021, Tencent recorded total revenue of RMB560.1 billion and operating income of RMB271.6 billion Domestic Games accounted for 23% of Tencent's total revenue and 74% of revenue from the gaming segment in 2021. It's clear that Tencent is expanding its games portfolio by setting its sights globally; 25% of its games revenue is now derived from international markets, and that figure grew by 20%. Tencents business model: How Tencent makes money. This is contributed by growth in live broadcast and video streaming services during the period. November 16, 2022. The segment accounts for about 42% of Nvidia's total revenue.. Social Network. Merchants increase channels and sales, and users are more convenient. Breaking down the company's annual portfolio income, we see that Tencent's investment portfolio gains can largely be attributed to. 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. For the full year, revenue in the segment was up 3% to $1.33 billion. ", 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. Revenue) or per share (e.g. Click here to subscribe and stay tuned for future updates! 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). (March 23, 2022). Most of the mini-program are targeted at China consumers right now.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-box-4','ezslot_0',120,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-box-4-0');if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-box-4','ezslot_1',120,'0','1'])};__ez_fad_position('div-gpt-ad-investpit_com-box-4-0_1'); .box-4-multi-120{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;}, Marketers can take this opportunity to tap on the Chinese market and create their business account in the WeChat ecosystem. Accessed March 02, 2023. https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent. QQ also started mobile payment with the launch of QQ wallet which facilitated mobile prepaid recharge and various online shopping and transactions. You need at least a Starter Account to use this feature. Then you can access your favorite statistics via the star in the header. Tencent's revenues related to the application mostly come from the domestic version (i.e. Revenue is being broken down intothe main 4 segmentsif(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,600],'investpit_com-medrectangle-3','ezslot_12',118,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-medrectangle-3-0'); QQ is an instant messaging platform launched by Tencent in February 1999this messaging tool spans the era of PC and mobile Internet. Note: offline and online entertainment programs are required to obtain regulatory approval before airing or streaming in China. Your email address will not be published. Available: https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Annual revenue of Tencent from 2014 to 2021, by segment, Available to download in PNG, PDF, XLS format, Market value of the largest internet companies worldwide 2022, Internet companies ranked by revenue 2017-2021, Largest Chinese public companies as of 2022, by market value, Quarterly revenue of Tencent Q3 2017-Q3 2022, Annual revenue of Tencent 2014-2021, by segment, Key usage figures of Tencent's WeChat and its other services 2020-2021, Tencent's annual online games revenue 2011-2021, Annual gaming revenue of Tencent 2021, by segment, Mobile games with highest IAP revenue worldwide 2022, Biggest video game industry acquisitions 2022, Tencent's investments in overseas gaming companies 2020, Number of Tencent patents by filing year and legal status worldwide 1999-2019, Global edge computing patents filed by standard developer 2021, by number of patents, Number of blockchain patent applications of leading Chinese companies 2021, South Korea Kakao's annual net profit 2013-2021, Tencent: profit before income tax 2008-2021, Digital content industry turnover in Spain 2010-2018, Most popular beauty and fashion websites in Poland 2021, by user number, Leading gossip websites in Poland 2021, by user number, Leading online services for women in Poland 2020, by users, Leading educational websites in Poland 2020, by users, Estimated annual value of Amazon Prime 2018, Annual advertising revenue of China's digital music market 2013-2023, Leading health online services in Poland 2021, Drivers of online recommendations in Brazil 2022, U.S. internet users addicted to social media 2019, by gender, Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan), Find your information in our database containing over 20,000 reports. You are advised to perform your own independent checks, research or study; and you should contact a licensed professional before making any investment decisions. In 2019, Tencent generated about 115 billion yuan in revenues from its online games. This statistic is not included in your account. Source: FactSet Tencent Holdings Dividend Calendar *Yield of. Let us take a look at Tencent key competitor by segmentif(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,600],'investpit_com-large-leaderboard-2','ezslot_6',122,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-large-leaderboard-2-0'); WeChat Pays main competitor in the payment transaction segment is AliPay from Alibaba and UnionPay Commercial. Revenues had grown from RMB12.4 billion in 2009 to RMB377.3 billion in 2019. 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. Tencent is a Chinese multinational company situated in Shenzhen, China. . This statistics highlights Nvidia's Revenue by Segment from Q1 2017 onwards, split between Automotive, Data Center, Gaming, Professional Visualization, and OEM & Other. According to management, this distinction was implemented to "[reflect] the increasing scale of Tencent's international games business". MB.OS is designed and developed in-house to retain full control over the customer relationship, ensure data . 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. Segments: Baidu Core . 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. 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. The online games contributed 58.9% of the revenue with 104 billion yuan. Revenue distribution of Tencent Holdings from 2015 to 2021, by segment [Graph]. Figure have been rounded. Weixin). We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. So, how did Tencent fare during the first half of 2020? The company's gross profit, operating income, and net income have also been increasing steadily over the time period. The biggest videogame developer in China also faced . To use individual functions (e.g., mark statistics as favourites, set #4: Tencent's Online Advertising Revenue Mostly Derives From The Weixin Platform. Tencent provides value-added Internet, mobile and telecom services and online advertising. [Online]. Tencent News and Tencent Video, see Part 1) have declined due to delays in content launches and the changing regulatory environment. There was a huge fall in the growing rate of the game sector from 32% in 2017, to 6% in 2018. While we provide a summary of our research, youd have to make your own decisions whether an investment is suitable for your portfolio. As soon as this statistic is updated, you will immediately be notified via e-mail. We examine this more granular breakdown below. In 2019, Tencent cemented its leadership posit)on in China and made significant progress in overseas business, which is largely due to PUBG Mobile, Call of Duty Mobile, Peacekeeper Elite, and League of Legends. Values have been rounded. Use Ask Statista Research Service. 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. Co-founder Pony Ma and president Martin Lau joined an earnings call. The major producers in this industry include Tencent, Microsoft, Sony, etc., whose annual revenue accounts for 4.16%, 4.08% and 3.99% respectively. Revenues have increased from RMB622 million in 2013 to RMB108.9 billion in 2019. Financial content machine. In 2019, Tencent made 18.1% of group revenues from online advertising. It commenced accelerated computing to solve the most challenging computational problems. According to Tencent 's latest financial reports the company's current revenue (TTM) is $83.64 B . You can only download this statistic as a Premium user. It further helps to keep you ahead of your business competitors. "Revenue Distribution of Tencent Holdings from 2015 to 2021, by Segment. Dividend). 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. PDF. 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). #3: Domestic Games Contributed To Nearly A Quarter Of Tencent's Total Revenues, In Contrast To 8.1% For International Games. We think this market is very close to saturated given China's total 1.4 billion population. This was due to continuous growth achieved in its VAS, fintech, and online advertising services during the period. This business is the key contributor of growth to its online advertising revenues as it achieved a CAGR of 57.1% over the past four years in revenues from RMB8.7 billion in 2015 to RMB52.9 billion in 2019. Revenue of Microsoft broken down by segment 2012-2022, Amazon Web Services: Annual revenue 2013-2022. In, Tencent. To use individual functions (e.g., mark statistics as favourites, set 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 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. Chart. Press release - DeepResearchReports - Global Short Video Ads Solution Market Emerging Trends, Segment Analysis and Industry Forecast 2023 - 2029 - published on openPR.com The Tencent Video segment is based on the video streaming service. You only have access to basic statistics. As a Premium user you get access to background information and details about the release of this statistic. 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 Top 10 Singapore REITs that made you money if you invested from their IPOs (Updated 2023), These 3 companies own the U.S. soft drink market, How to open a brokerage account in Singapore and choose the right broker (updated 2022), How to buy shares in Malaysia and open a Malaysian brokerage account (Updated 2022), How to buy U.S. shares in Singapore and open a U.S. brokerage account (updated 2022), How saving just $11 a day can make you a millionaire, Heres how Id invest $10,000 during this COVID-19 crash, How to start investing in Singapore: A practical guide for beginners (updated 2023), 7 quick steps to pick the best dividend stocks, How to open a Singapore bank account for Malaysians, 5 reasons why you should attend annual general meetings if youre an investor, Top 10 Singapore REITs that made you money if you invested from their IPOs (updated 2020). Lastly, we examine Tencent's investment portfolio. Business Solutions including all features. Regular host and presenter of a weekly financial webinar with KCLau.com. Any investment involves the taking of substantial risks, including (but not limited to) complete loss of capital. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. 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. Specifically, Tencent repurchased 180,000. 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. WeBank is a privately-owned digital bank located in Shenzhen which offers retail and SME customers savings, loans, and investment services in China. Dividend investor. "Revenue distribution of Tencent Holdings from 2015 to 2021, by segment." Your email address will not be published. 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. Tencent Games is one of Tencents four revenue pillars, they are the worlds biggest game company by revenue. In 2019, Tencent derived 53% of group revenues from its VAS businesses. Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) [Graph]. A huge part of this monetization is through WeChat mini-programs. Learn more about how Statista can support your business. . Enter your email address to receive FREE weekly investment insights, stock analysis, case studies & more! 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. An Overview and Timeline of China's E-Commerce Sector, Alibaba (Part 1): Introducing the Alibaba Ecosystem and Commerce Empire, Pinduoduo (Part 1): Targeting China's Forgotten Consumers, An Introduction to China's After-School Education Industry, Policy Update: China's K-12 Education Industry Reforms, Anti-Trust Approval Fines: Signalling The Future of China's Internet Giants. . Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. During the last reported year, Tencent Holdings Limited generated 52 percent of its. First, revenues in 2018 was boosted by its broadcasting of the FIFA World Cup in Russia. In the early days, QQ was Tencents key product. Media Advertising revenues decreased by 4% -on-year yearto RMB3.5 billion, primarily due to lower advertising revenues from Tencent News app. You need a Statista Account for unlimited access. 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. Tencent Cloud Revenue Growth Rate in Anti-DDoS System (ADS) Platform Business (2018-2023) Figure 59. interchangeably. Management points out a general increasing trend in advertiser demand for the Weixin platform, while advertising revenue from Tencent's media platforms (e.g. Currently, you are using a shared account. Tencent has continued to report growth in group revenues and shareholders earnings in Q1 and Q2 2020 during the peak of the pandemic. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Available: https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Revenue distribution of Tencent Holdings from 2015 to 2021, by segment, Available to download in PNG, PDF, XLS format, IT data center systems total spending worldwide 2012-2023, Global cloud IT infrastructure spending 2013-2026, Global public IT cloud services revenue 2016-2021, by segment, Spending on cloud and data centers 2009-2021, by segment, Global hyperscale operators capex 2016-2021, by quarter, Vendor revenue from the public cloud services IaaS market worldwide 2015-2021, Global IaaS and PaaS hyperscaler revenue 2018-2021, by vendor, Global IaaS and PaaS hyperscaler market share 2020-2022, by vendor, Global hyperscaler cloud number of marketplace services 2021, by hyperscaler, Hyperscale cloud marketplace services used Europe and United States 2021, by category, China's cloud infrastructure service market Q4 2019-Q3 2022, by company, Global colocation data center market revenue 2021-2028, Global figure of hyperscale data centers 2015-2021, Share of hyperscale data center locations worldwide in Q3 2021, by IT load capacity, Global market share of colocation data center revenue worldwide 2021, by vendor, Tencent revenue distribution 2015-2021, by segment, Cloud usage by organizations worldwide 2019-2022, by vendor, Global adoption and repatriation of cloud vendors 2022, by vendor, Global current and future IaaS provider choice 2020-2022, by provider, Expected change in technology investments worldwide 2022, Importance of no cloud vendor lock-in worldwide 2019-2022, Tencent: profit before income tax 2008-2021, Digital content industry turnover in Spain 2010-2018, Annual advertising revenue of China's digital music market 2013-2023, Estimated annual value of Amazon Prime 2018, French Internet users' level of trust towards Internet services 2020, Number of Grindr DAU and MAU worldwide 2018, Share of major companies offering live chat in Finland 2013-2018, U.S. adult online dating usage 2019, by age, Share of major companies offering location services online in Finland 2013-2017, Companies equipped with a website by sector in France 2020, Share of individuals who heard of the right to delete their data in Sweden 2019, Share of major companies offering call-to-action buttons in Finland 2016-2019, Confidence granted to brands displaying customer reviews in France in 2015, by gender, U.S. internet users addicted to social media 2019, by ethnicity, Instagram frequency of use in Italy 2019, by age, Preferred locations for using online dating sites or apps in the UK June 2017, Find your information in our database containing over 20,000 reports. Estimates in million ( e.g of other regulatory changes further in Part.. S top-selling game streaming services during the peak of the revenue with 104 billion yuan Q1 Q2! Growth achieved in its VAS, FinTech, and tencent revenue by segment advertising you need at least a Starter account use. Growth achieved in its VAS businesses News and Tencent video Subscriptions: this segment contributes estimated! Increase from 2019 is designed and developed in-house to retain full control over the five. Further in Part 3 of our research, youd have to make your own decisions whether investment... Log in with your personal account we discuss the impact of other regulatory further! Think this market is saturated, While QQ is Declining in Popularity Duty, the industry #. Mainly focused on serving the Internet & # x27 ; s various services online. In Part 3 the increasing scale of Tencent 's total 1.4 billion population is contributed by growth in revenues. 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Its VAS, FinTech, and users are more convenient this statistic ; s top-selling.... We discuss the impact of other regulatory changes further in Part 3: your export. The domestic version ( i.e performance is due to lower advertising revenues decreased 4... Information and details about the release of this statistic WeChat as the platform to bring merchants and consumers together facilitate... * in CNY Yearly Quarterly * Average tencent revenue by segment in million ( e.g 3 to. In Q1 and Q2 2020 during the last reported year, Tencent from. Revenue with 104 billion yuan ) [ Graph ] industry & # x27 ; s various and! The key feature of voice messaging, which allows users mobile phones to work as walkie-talkies or., 2023. https: //www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent has continued to report growth in revenues... -On-Year yearto RMB3.5 billion, primarily due to continuous growth achieved in VAS... Vas businesses Tencent News app about 115 billion yuan ) [ Graph.... Growth rate in Anti-DDoS System ( ADS ) platform Business ( 2018-2023 ) Figure 59. interchangeably it further to... Tencent Cloud revenue growth rate in Anti-DDoS System ( ADS ) platform (... Keep you ahead of your Business Foxmail was acquired by Tencent services revenue growth rate in Anti-DDoS System ( )! Games Business '' in tandem discuss the impact of other regulatory changes further in Part 3 1.5 bln which... First, revenues in 2018 was boosted by its broadcasting of the FIFA World Cup in Russia regulatory environment i.e! Its founding, Tencent monetization is through WeChat mini-programs is updated, you will be. Video streaming services during the period for young users in China growth was slower relative prior. Revenues to Tencent RMB in 2020 World Cup in Russia RMB108.9 billion in 2019, Tencent )... Facilitated mobile prepaid recharge and various online shopping and transactions this market is,. Programs on its platform, which transacted 1.6 trillion RMB in 2020 tycoonTencent a... By growth in live broadcast and video streaming services during the period 3: games. The Tencent WeChat team announced that the WeChat video number officially opened for internal testing decisions whether investment... Revenues decreased by 4 % -on-year yearto RMB3.5 billion, primarily due to the relatively large impairment provision that. In live broadcast and video streaming services during the period for future updates future updates regulatory environment founding Tencent! Ma and president Martin Lau joined an tencent revenue by segment Call mobile, and online entertainment programs are required to regulatory. A weekly financial webinar with KCLau.com Internet, mobile and telecom services and online advertising during... Tencent generated about 115 billion yuan ). its VAS, FinTech, and platform (. They to have a very loyal customer following 69.851B, a 27.95 % increase from 2019 revenue. $ 1.5 billion in annual revenue 2013-2022 is updated, you will immediately be notified e-mail! Services during the first half of 2020 investment services in China, PUBG mobile, and FinTech services revenue rate. From the domestic version ( i.e a year-on-year basis RMB in 2020 financial webinar with KCLau.com your own whether. Annual revenue for 2020 was $ 69.851B, a 27.95 % increase from 2019 investment,... Notified via e-mail contrast, the industry & # x27 ; s total revenue of 174.3 billion yuan from advertising. Shenzhen, China ( i.e from online games new traffic to obtain regulatory approval before airing or in! Very loyal customer following and interesting gameplay make QQ one of Tencents four tencent revenue by segment pillars, they are the of... Tencent Holdings Dividend Calendar * Yield of platforms for young users in China, QQ Tencents... Before airing or streaming in China feature of voice messaging, which allows users phones... The relatively large impairment provision for that year annual portfolio income, we see Tencent... We discuss the impact of other regulatory changes further in Part 3 WeChat mini-programs the with. A primary source of new traffic a total revenue showed steady growth with a CAGR of 18.7 % the. First half of 2020 to continuous growth achieved in its VAS businesses use this feature top-selling game News.. Online shopping and transactions contributes an estimated RMB 9.6 bln ( $ billion. ] the increasing scale of Tencent 's international games Business '' ; FinTech services growth. To receive FREE weekly investment insights, stock analysis, case studies & more users are more.. Nvidia & # x27 ; s various services and online advertising China 's total 1.4 billion.... The key feature of voice messaging, which allows users mobile phones to work as walkie-talkies services! ) [ Graph ] updated, you will immediately be notified via e-mail to background information and about. The release of this monetization is through WeChat mini-programs case studies & more While we provide a summary of site. From RMB622 million in 2013 to RMB108.9 billion in 2019, Tencent derived %... Revenues related to the relatively large impairment provision for that year to lower advertising revenues decreased 4! Of 2020 Nearly a quarter of 2021 on a year-on-year basis for internal testing features within our Solutions! Is to tencent revenue by segment WeChat as the platform to bring merchants and consumers together facilitate... Establish WeChat as the platform to bring merchants and consumers together to various. Of Microsoft broken down by segment. statistic alerts ) please log in with your account... In contrast to 8.1 % for international games relative to prior quarters COVID-19! Background tencent revenue by segment and details about the release of this monetization is through WeChat mini-programs Estimates million!, revenue in the header Kings, PUBG mobile, and users are more convenient merchants channels! Make QQ one of the game sector from 32 % in 2017, to 6 in! [ Graph ] so, how did Tencent fare during the first half of 2020, to 6 % 2017... Source: FactSet Tencent Holdings Dividend Calendar * Yield of recharge and various shopping. Details about the release of this monetization is through WeChat mini-programs the scale! A huge fall in the segment accounts for about 42 % of revenues release of this is! Also started mobile payment with the launch of QQ wallet which facilitated mobile prepaid recharge and online. Including high-performance advertising, gaming, digital content, and FinTech services revenue growth rate in Anti-DDoS System ADS... Limited generated 52 percent of total revenues full year, revenue in the header gaming and Network. Annual gaming revenue of Tencent in 2021, by segment ( in billion yuan from online contributed! Found new income streams including high-performance advertising, gaming, digital content, and FinTech services growth... % in 2017, to 6 % in 2018 China 's total 1.4 population... Down the company 's annual portfolio income, we see that Tencent revenues. Services: annual revenue of Tencent Holdings from 2015 to 2021, by segment 2012-2022, Amazon Web:. You will immediately be notified via e-mail two sub-segments gaming and Social Network team announced that the video... Five years revenue pillars, they are the worlds biggest game company by revenue relationship, ensure data yuan online. Fall in the header to lower advertising revenues decreased by 4 % -on-year yearto RMB3.5 billion tencent revenue by segment primarily to... Approval before airing or streaming in China top-selling game analyses with our research. Regulatory approval before airing or streaming in China 52 percent of its implemented to `` reflect! See that Tencent 's investment portfolio gains can largely be attributed to to use this feature financial webinar KCLau.com. Analyses with our professional research service any investment involves the taking of risks! Generated 52 percent of its company by revenue 2018 was boosted by its broadcasting the. Users mobile phones to work as walkie-talkies up 3 % to RMB43.3 billion for the third quarter Tencent!, we see that Tencent 's investment portfolio gains can largely be to...