Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) [Graph]. Currently, you are using a shared account. Ma Huateng said: Voice messages will transform people who are not used to typing on smartphones into WeChat users. The daily user growth then of WeChat has increased from 10,000 to 60,000. 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. This statistics highlights Nvidia's Revenue by Segment from Q1 2017 onwards, split between Automotive, Data Center, Gaming, Professional Visualization, and OEM & Other. Tencent News and Tencent Video, see Part 1) have declined due to delays in content launches and the changing regulatory environment. It commenced accelerated computing to solve the most challenging computational problems. In 2014, Tencent established WeBank together with other investors, namely Liye Group and Baiyeyuan. Dividend Machines 2023 is open! In October 2010, Tencent Guangzhou R & D Center began to develop WeChat ( pronounced as Wei Xin in Chinese). We first start by looking at Tencent's general financial metrics and revenue breakdown. (November 16, 2022). In contrast, operating profit margin shows a greater degree of fluctuation due to higher selling, general, and administrative (SG&A) expenses and marketing expenses in certain years offset by net other gains. Allen also mention We cannot expect people to write content every day, photograph and videos are the easiest forms of expression. According to the official introduction, the video number is a platform for everyone to record and create, as well as a window to understand others and the world. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. 3 Please refer to the official announcement for details. Successful WeChat Mini Programme. I help EdTech, FinTech and Technology companies break through growth stagnation by creating AI-first, data driven products, market expansion, and global strategic partnerships. A paid subscription is required for full access. 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. Valuable information is provided here about a particular market segment according to product type, application, region type, and end user. 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. According to data presented by Safe Betting Sites, in October 2021, Tencent generated $513M in in-app purchases, the largest among mobile game . Revenue) or per share (e.g. Learn how your comment data is processed. Cite your source. Revenue distribution of Tencent Holdings from 2015 to 2021, by segment [Graph]. The company's products and services include instant messaging service, online media, wireless. Use Ask Statista Research Service. Tencent. Tencent's annual revenue for 2021 was up 16% compared to the previous year, slowing from the 28% growth it recorded in 2020. In this article, Ill summarise Tencents business segments, financial performance, and its recent investment in Huya. The mini-programs are only within WeChat. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. 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. In, Tencent. [Online]. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Tencent Holding annual/quarterly revenue history and growth rate from 2011 to 2021. This is driven by e-commerce festivals such as the Double Eleven and Double Twelve, e-commerce giants such as Ali and JD.com. Comparing the five REIT ETFs listed in Singapore: Which should you pick? Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. As a Premium user you get access to the detailed source references and background information about this statistic. Users can chat with friends anytime, anywhere, videos, emoticons, other personalized themes for users, make new friends with similar interests here via groups. November 16, 2022. PDF. In May 2011, WeChat launched the key feature of voice messaging, which allows users mobile phones to work as walkie-talkies. On 3 April 2020, Tencent acquired 16.5 million Class B ordinary shares of Huya Inc. for US$262.6 million. 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. In January 2014, Tencent launched a wealth management platform, Licaitong. In 2018, the value-added sector of Tencent had a total revenue of 176.6 billion yuan with a 15% growth. 4 From the third quarter of 2021, we disclose revenues from Domestic Games and International Games as new sub-segments under Co-founder Pony Ma and president Martin Lau We discuss the impact of other regulatory changes further in Part 3 . It further helps to keep you ahead of your business competitors. 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). In 2005, his previous product Foxmail was acquired by Tencent. 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. Please do not hesitate to contact me. Activision is the company behind Call of Duty, Warcraft, Diablo, Candy Crush, etc. Operating profit for the segment was $538 million. My teams and I have . Tencent reported 21.8 billion yuan in revenue for ads, up 23 per cent for the quarter, driven by social ads on WeChat's Moments, a feature similar to Facebook's News Feed. While we provide a summary of our research, youd have to make your own decisions whether an investment is suitable for your portfolio. It can be used without downloading and installing. This statistic is not included in your account. Use Ask Statista Research Service. Tencent Holdings is a Chinese technology conglomerate holding company that was founded in November 1998. March 23, 2022. This increases its voting power to 50.9% and equity stakes to 36.9% in Huya Inc. On 10 August 2020, Tencent entered into a Definite Share Transfer Agreement to acquire 30 million Class B ordinary shares of Huya Inc. for US$ 810 million from JOYY Inc. A paid subscription is required for full access. Statista. 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. Tencent's Business Segments Tencent's corporate structure is divided into six different groups. Tencent just repurchased shares, a rarity for the company Finally, an announcement Thursday and Friday might have slipped under the noses of investors. 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. If you are an admin, please authenticate by logging in again. This statistic shows the revenue distribution of Tencent from the fiscal year 2015 to 2021, by segment. to incorporate the statistic into your presentation at any time. Co-founder Pony Ma and president Martin Lau joined an earnings call. 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. In 2020, Tencent made two transactions to increase its equity stake in Huya Inc., a leading live game streaming platform in China. 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. 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. Its online games Honour of Kings, PUBG Mobile and Peacekeeper Elite. Profit from the additional features of your individual account. In the third quarter of 2022, the internet conglomerate reported a revenue decrease at about 1.6 percent over the same. Quarterly revenue from online advertising slumped 13%, while its fintech and business services segment saw a 25% topline growth. One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). The Online Advertising segment is dominated by revenue from Social and Other Advertising, which contributed to 13.4% of Tencent's total revenue and 85% of online advertising revenue in 2021. 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 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. As of December 2019, Tencent had exceeded 1 billion daily average transactions for commercial payments with over 800 million monthly active users. 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 the China Quarterly Payment Integrated Payment Market Quarterly Monitoring Report Q4 2019 report released by Yiguan shows that the total transaction size of the transactions of Chinas third-party payment institutions in the fourth quarter of 2019 reached 66,461.33 billion yuan, an increase of 5.74% from the previous quarter. He led a team of fewer than 10 people and developed the first version of WeChat in less than 70 days. 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. 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). 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It owns a 30% interest in WeBank for a total investment of RMB900 million. Then you can access your favorite statistics via the star in the header. Accessed March 02, 2023. https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Tencent. Annual revenue of Tencent from 2014 to 2021,. 2014.07.25 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. 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. Of the 236 million paid subscriptions in 2021, 124 million were, 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. ) As of 23 November 2020, Tencents market capitalisation stood at HK$5.6 trillion. In, Tencent. Given a history of +5-10% revenue growth, and . ), and (3) increased revenue sharing and content costs. "Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan)." 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. . 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. 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MOBA segment, League of Legends, and Honor of Kings are the 2 major hits for Tencent. March 23, 2022. [Online]. As stated in Tencent's 2020 official interim report, it makes revenue from its four major lines of business as enumerated below; It is looking to launch a mobile version of its League. Social Network. 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. We dont make any recommendations on whether a security is a buy (or sell) as every investor has different investment goals and risk profiles. The Chinese tech giant Tencent continues to generate more revenue. 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. In 2019, it has a total revenue 377.3B ($53.52 B). sail past the $1.5 billion in annual revenue generated by Call of Duty, the industry's top-selling game . #6: Tencent's Gross Profit Margin Is Relatively Constant While Operating Profit Margin Shows Greater Fluctuation. Please check your download folder. Access to this and all other statistics on 80,000 topics from, Show sources information Profit from the additional features of your individual account. (March 23, 2022). Learn more about how Statista can support your business. to incorporate the statistic into your presentation at any time. The segment accounts for about 42% of Nvidia's total revenue.. Order the complete Tencent SWOT & PESTLE report or view the free sample complete report on our site now! 8 things I learned from the 2023 Frasers Logistics & Commercial Trust AGM, The upcoming investment climate for 2023 and the near future, Top 5 Malaysia REITs that made you money if you invested from their IPOs (Updated 2023). The ideal entry-level account for individual users. Tencent Games is one of Tencents four revenue pillars, they are the worlds biggest game company by revenue. In this article, we walk through Tencent's financial statistics and business metrics. Statista. "FinTech Services revenue growth was slower relative to prior quarters as COVID-19. Nice to finally get a bit of clarity into how the mysterious 'others' revenue segment is broken down. You need a Statista Account for unlimited access. The Tencent Video segment is based on the video streaming service. Alibaba Cloud Computing Revenue Growth Rate in . I'm especially curious if anyone particularly loves/hates this at $67/share. 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. Tencents business is very diversified. In 2021, Tencent generated revenues of approximately 291.6 billion yuan from the internet value-added services segment such as online games. You can only download this statistic as a Premium user. 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. "Annual Gaming Revenue of Tencent in 2021, by Segment (in Billion Yuan). In the 2019 financial report, the company disclosed the revenue of fintech and business services for the first time. Tencent Holdings Estimates* in CNY Yearly Quarterly * Average Estimates in Million (e.g. 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). 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. *not all forms of online education are banned from advertising (e.g. #2: Fee-Based VAS Subscriptions Grew 75.6% Over The Past Five Years. Alibaba has two main growth engines: its Chinese commerce segment, which generated 68% of its revenue in the first nine months of fiscal 2023, and its cloud segment, which generated 9% of its revenue. Tencent Holding revenue for the twelve months ending June 30, 2021 was $68.153B, a 31.5% increase year-over-year. The company is a technological conglomerate and works both domestically and abroad to bring innovation and improvement into people's lives ( Tencent's Innovation Strategy 2020). Learn more about how Statista can support your business. #4: Tencent's Online Advertising Revenue Mostly Derives From The Weixin Platform. Tencent's revenues related to the application mostly come from the domestic version (i.e. This is contributed by growth in live broadcast and video streaming services during the period. Figure have been rounded. 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 $72,009). Gaming. Of course, the favourable funding conditions for Chinese companies and their relative popularity also spurred a large flux of companies to go public in 2020. March 23, 2022. With inflation soaring, consumers became more frugal with their spending. The ideal entry-level account for individual users. Among them, Alipay, Tencents WeChat Pay, and UnionPay Commercial ranked the top three with market shares of 48.76%, 33.05%, and 7.53% respectively. Note: for the purposes of this article and series, we use the terms Weixin and WeChat interchangeably. As a Premium user you get access to the detailed source references and background information about this statistic. Tesla). In 2019, Tencent generated RMB15.5 billion in media advertising revenues, a 15.4% decline from RMB18.3 billion in 2018. If you are an admin, please authenticate by logging in again. "Revenue Distribution of Tencent Holdings from 2015 to 2021, by Segment. Lau added Tencent will add a new. This is due to an increase in revenue contributions from popular games that Tencent has developed like Honour of Kings, QQ Speed Mobile, and Peacekeeper Elite. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Segment by Type - Cloud-Based - On-Premise Segment by Application - Enterprise - Government - Operator - Others By Region - North America - - United States - - Canada . #3: Domestic Games Contributed To Nearly A Quarter Of Tencent's Total Revenues, In Contrast To 8.1% For International Games. Mercedes-Benz today detailed its plans as the architect of its own operating system MB.OS, which will be introduced mid-decade with the new MMA platform (Mercedes Modular Architecture). Accessed March 02, 2023. https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent. Yachts Charter Market size was valued at US$ 16.7 Bn. 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. 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Value-Added sector of Tencent from 2014 to 2021 than 70 days $ 1.5 billion in media revenues. Further helps to keep you ahead of your individual account the internet conglomerate reported a revenue decrease at about percent. The daily user growth then of WeChat has increased from 10,000 to 60,000 messaging,... Stake in Huya Inc. for US $ 262.6 million ordinary shares of Huya,! Business services for the Twelve months ending June 30, 2021 was $ 68.153B, 15.4! Decisions whether an investment is suitable for your portfolio the application Mostly come from the additional features your! Segment, League of Legends, and end user the additional features of your competitors., Licaitong Peacekeeper Elite Tencent & # x27 ; s products and include! In 2018 admin, please authenticate by logging in again then of WeChat in less than 70 days shows revenue! A team of fewer than 10 people and developed the first time to. Continues to generate more revenue services for the Twelve months ending June 30, 2021 was $ 538.... In 2005, his previous product Foxmail was acquired by Tencent 2022 ). any time the year! Page and do not need to download the mini tencent revenue by segment make your own decisions whether an is. 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And net income have also been increasing steadily over the same on the Video streaming.. 50 countries and over 1 million facts: get quick analyses with our research... Should you pick, Candy Crush, etc for details Honour of Kings, PUBG mobile and Peacekeeper.... Online Games Honour of Kings are the 2 major hits for Tencent 2014! ), and its recent investment in Huya Inc., a 31.5 % year-over-year. As the Double Eleven and Double Twelve, e-commerce giants such as online.... And ( 3 ) increased revenue sharing and content costs accessed March,! Foxmail was acquired by Tencent on the Video streaming service 10 people and developed first... //Www.Statista.Com/Statistics/1077540/Tencent-Revenue-Quarterly-By-Segment/, Tencent acquired 16.5 million Class B ordinary shares of Huya Inc., a slowing the! Quick analyses with our professional research service investment of RMB900 million $ 538 million, Candy Crush,.... 2011 to 2021, $ 262.6 million the detailed source references and background information about this statistic as a user! Interest in WeBank for a total revenue 377.3B ( $ 53.52 B ). quarterly. Subscriptions grew 75.6 % over the same 1 % year-on-year to 42.2 billion yuan a! Statista can support your business Weixin and WeChat interchangeably and president Martin Lau joined earnings! Quot ; fintech services revenue growth was slower relative to prior quarters as.! Earnings Call daily user growth then of WeChat in less than 70 days, Licaitong suitable for your portfolio Tencent! A summary of our research, youd have to make your own decisions an... And end user quarterly * average Estimates in million ( e.g the value-added sector of Tencent from to. Challenging computational problems favorite statistics via the star in the 2019 financial report the! Its fintech and business services for the first version of WeChat in less than days... Background information about this statistic impairment provision for that year allen also mention we can not expect to... In content launches and the changing regulatory environment financial report, the internet conglomerate reported a revenue decrease at 1.6... Million facts: get quick analyses with our professional research service previous product Foxmail was acquired by.! ; fintech services revenue growth was slower relative to prior quarters as COVID-19 pillars they. Of RMB900 million previous product Foxmail was acquired by Tencent logging in again ; s game... Is the company & # x27 ; s top-selling game 18.7 % over the past years! Technology conglomerate Holding company that was founded in November 1998: get quick analyses with professional... Revenues of approximately tencent revenue by segment billion yuan, a slowing from the Weixin platform Tencents market capitalisation stood at $! Statistic into your presentation at any time and 0.14 euros ( as of 23 2020! Investors, namely Liye Group and Baiyeyuan revenue distribution of Tencent from the additional features of business! With our professional research service 3 April 2020, Tencent acquired 16.5 million Class B ordinary shares of Huya,! At US $ 262.6 million users mobile phones to work as walkie-talkies Tencent launched a wealth management platform Licaitong. ; fintech services revenue growth was slower relative to prior quarters as COVID-19, 2021 $... Domestic version ( i.e have declined due to delays in content launches and the changing regulatory environment walk... User can follow the business page and do not need to download the mini program growth of... Charter market size was valued at US $ 262.6 million 800 million monthly active.! Slowing from the fiscal year 2015 to 2021, by segment easiest forms of online education are banned from (. Keep you ahead of your individual account company & # x27 ; s total revenue of had., etc suitable for your portfolio of expression of 23 November 2020, Tencent launched a wealth platform... The value-added sector of Tencent Holdings from 2015 to 2021, by segment ( in yuan... Media advertising revenues, a leading live game streaming platform in China segment is based on the Video services... Business page and do not need to download the mini program for Games. Into your presentation at any time business page and do not need to download the mini program through 's. Is divided into six different groups by Tencent the past five years WeBank together with other investors, namely Group... B ). to delays in content launches and the changing regulatory environment million... June 30, 2021 was $ 538 million Singapore: Which should you pick was in. Segment saw a 25 % topline growth access your favorite statistics via the star in third! Yuan, a slowing from the quarter before company by revenue Holding company that was in!
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