Activision is the company behind Call of Duty, Warcraft, Diablo, Candy Crush, etc. 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. We first start by looking at Tencent's general financial metrics and revenue breakdown. 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. As of 2019. I know they to have a very loyal customer following. Lau added Tencent will add a new. First, revenues in 2018 was boosted by its broadcasting of the FIFA World Cup in Russia. Dividend Machines 2023 is open! 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. This report depicts a few potential problems and gives solutions to them by doing comprehensive research on the market scenario. Tencent provides a more detailed revenue breakdown of its VAS and Online Advertising segments. Learn more about how Statista can support your business. 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. Its various subsidiary companies include Tencent Music Entertainment, Tencent Sports, and Tencent AI. 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. Show publisher information As a Premium user you get access to the detailed source references and background information about this statistic. Tencent's VAS comprise two sub-segments - Gaming and Social Network. Business Solutions including all features. sail past the $1.5 billion in annual revenue generated by Call of Duty, the industry's top-selling game . Rich functions and interesting gameplay make QQ one of the most popular social platforms for young users in China. According to Tencent 's latest financial reports the company's current revenue (TTM) is $83.64 B . In January 2014, Tencent launched a wealth management platform, Licaitong. If you are an admin, please authenticate by logging in again. Weixin). It further helps to keep you ahead of your business competitors. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Profits. Financial content machine. We have also set the operating . Its online games Honour of Kings, PUBG Mobile and Peacekeeper Elite. Figure have been rounded. 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. A paid subscription is required for full access. Segments: Baidu Core . This is contributed by growth in live broadcast and video streaming services during the period. November 16, 2022. Push to send voice messaging ease of use led to an increased download. As soon as this statistic is updated, you will immediately be notified via e-mail. 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. Note: for the purposes of this article and series, we use the terms Weixin and WeChat interchangeably. Learn how your comment data is processed. interchangeably. The ideal entry-level account for individual users. Then you can access your favorite statistics via the star in the header. As a Premium user you get access to the detailed source references and background information about this statistic. Required fields are marked *. 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. In the early days, QQ was Tencents key product. 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. ", 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. As a Premium user you get access to background information and details about the release of this statistic. Get full access to all features within our Business Solutions. 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. ) One yuan equals approximately 0.14 U.S. dollars and 0.14 euros (as of November 2022). 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 dont make any recommendations on whether a security is a buy (or sell) as every investor has different investment goals and risk profiles. Business Solutions including all features. [Online]. Since its founding, Tencent has found new income streams including high-performance advertising, gaming, digital content, and fintech services. According to data presented by Safe Betting Sites, in October 2021, Tencent generated $513M in in-app purchases, the largest among mobile game . The Spot on, Jones! Revenue distribution of Tencent Holdings from 2015 to 2021, by segment [Graph]. Business Solutions including all features. FinTech Services revenue growth primarily reflected increasing commercial Co-founder Pony Ma and president Martin Lau joined an earnings call. Slowing Videogaming Segment. 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. Tencent revenue has been posting strong growth over the past 5 years. 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 Cloud Revenue Growth Rate in Anti-DDoS System (ADS) Platform Business (2018-2023) Figure 59. If you are an admin, please authenticate by logging in again. Nvidia Corporation is an American multinational technology company. #1: Tencent's Investment Portfolio Generated Increasing Returns Year Over Year. Accessed March 02, 2023. https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent. Profit. Underlying trends in the Food Delivery segment remained strong, yet with signs of moderation from the triple-digit growth experienced in . 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. Tencent Holdings (Part 2): Ecosystem Financials, Note: for the purposes of this article and series, we use the terms. Weixin). In 2019, Tencent generated RMB15.5 billion in media advertising revenues, a 15.4% decline from RMB18.3 billion in 2018. Gaming. In October 2010, Tencent Guangzhou R & D Center began to develop WeChat ( pronounced as Wei Xin in Chinese). 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. In 2005, his previous product Foxmail was acquired by Tencent. Over the same period, Tencent generated RMB578.8 billion in operating cash flow which signifies high quality of earnings. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. 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. 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. Specifically, Tencent repurchased 180,000. Almost done! Annual revenue of Tencent from 2014 to 2021,. Of the 236 million paid subscriptions in 2021, 124 million were Tencent Video subscriptions, 76 million were Tencent Music subscriptions, while the remaining 36 million were subscriptions across Tencent's various other media platforms (see Part 1). 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. Its online games Honour of Kings, PUBG Mobile, and. Are you interested in testing our business solutions? March 23, 2022. Its online games Honour of Kings, PUBG Mobile, and. Founded in 1998, Tencent connects over one billion users through its communications and social platforms, namely Weixin and QQ. "Revenue of Tencent in 3rd Quarter 2022, by Segment (in Billion Yuan). The ideal entry-level account for individual users. MB.OS is designed and developed in-house to retain full control over the customer relationship, ensure data . Register in seconds and access exclusive features. Tencent, the biggest gaming company in the world has released it's Q4 2019 and the year's full earnings report. The major producers in this industry include Tencent, Microsoft, Sony, etc., whose annual revenue accounts for 4.16%, 4.08% and 3.99% respectively. 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). Tencent News and Tencent Video, see Part 1) have declined due to delays in content launches and the changing regulatory environment. $34.4B. Discover how to invest in dividend stocks and REITs, and create your very own dividend machine. Please do not hesitate to contact me. "FinTech Services revenue growth was slower relative to prior quarters as COVID-19. You can only download this statistic as a Premium user. The WeChat mini program is an application that can be used without downloading or installing. Chart. Co-founder Pony Ma and president Martin Lau We examine this more granular breakdown below. Tencent Video Subscriptions: This segment contributes an estimated RMB 9.6 bln ($1.5 bln) which is 1.9% of revenues. You need at least a Starter Account to use this feature. The ideal entry-level account for individual users. Tencent Holdings Limited is headquartered in Shenzhen, the People's Republic of China. Successful WeChat Mini Programme. "Annual Gaming Revenue of Tencent in 2021, by Segment (in Billion Yuan). 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. Currently, you are using a shared account. Then you can access your favorite statistics via the star in the header. You need a Statista Account for unlimited access. Each voice message cannot exceed 60 seconds. The Others segment includes defined contribution pension, asset management and health care businesses. Due to the ecosystem of mini-programs, people will use WeChat Pay for transportation, food, etc. For the full year, revenue in the segment was up 3% to $1.33 billion. If you are an admin, please authenticate by logging in again. 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. You need at least a Starter Account to use this feature. 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, ). As soon as this statistic is updated, you will immediately be notified via e-mail. Breaking down the company's annual portfolio income, we see that Tencent's investment portfolio gains can largely be attributed to net fair value gains and net gains on disposals and deemed disposals of investee companies. Segment by Type - Cloud-Based - On-Premise Segment by Application - Enterprise - Government - Operator - Others By Region - North America - - United States - - Canada . Tencent reported its slowest quarterly revenue growth on record in the fourth quarter of 2021. 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. Statista. Please create an employee account to be able to mark statistics as favorites. The boom in the global videogame industry slowed down after a period of pandemic-driven growth. Tencents business is very diversified. This statistic is not included in your account. Accessed March 02, 2023. https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent. Access to this and all other statistics on 80,000 topics from, Show sources information reported fourth-quarter FY21 revenue growth of 9% year-on-year to $5.19 billion, beating the consensus of $5.09 billion. 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. Zhang recognized there is a gap in a short video content as WeChat has become very textbase in the public account. Revenue came in at 144.18 billion yuan ($22.62 billion), up 8% year-on-year. Get full access to all features within our Business Solutions. Tencent Revenue : Yuan 482.06 billion - FY ending Dec 2020 (y-o-y growth 27.8%) Yuan 377.28 billion - FY ending Dec 2019 (y-o-y growth 21.2%) Competitive Analysis . Available: https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Annual gaming revenue of Tencent in 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, Distribution of U.S. gamers of selected mobile game publishers 2017, by involvement, Major Japanese game companies' sales 2017, Netmarble revenue breakdown Q4 2021, by region, Netmarble revenue breakdown Q4 2021, by genre, Market share of top selling video game publishers in Japan 2021, Industry revenue of publishing of computer games in Portugal 2012-2025, Embracer Group consolidated net sales 2018-2022, Ubisoft annual subsidiaries sales as of FY 2020-21, Average return on equity (ROE) of leading software publishers in Italy 2016-2018, Forecast: revenue computer game publishing Germany 2009-2020, Number of new companies South Korea 2010-2020, Annual gaming revenue of Tencent in 2021, by segment (in billion yuan), Find your information in our database containing over 20,000 reports. statistic alerts) please log in with your personal account. In contrast, Media Advertising accounted for only 2.4% of total revenue and 15% of online advertising revenue. Tencent is a Chinese multinational company situated in Shenzhen, China. Lastly, we examine Tencent's investment portfolio. Tencent. You can only download this statistic as a Premium user. The segment made up 22.9 percent of total revenues. Tesla). As of December 2019, Tencent had exceeded 1 billion daily average transactions for commercial payments with over 800 million monthly active users. Register in seconds and access exclusive features. The launch date is still unknown and it will take a while for merchants to adopt the new digital currency if launched. 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. Accessed March 02, 2023. https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Tencent. Click here to subscribe and stay tuned for future updates! It can be used without downloading and installing. We discuss the impact of other regulatory changes further in Part 3 . 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. 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). Over the past 6 months, the stock has traded down approximately 30% from $100/share. It is only inflation, all other dependent on inflation. ", 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. Need help with Tencent SWOT & PESTLE Analysis? #3: Domestic Games Contributed To Nearly A Quarter Of Tencent's Total Revenues, In Contrast To 8.1% For International Games. In 2019, it has a total revenue 377.3B ($53.52 B) Tencent Holdings Revenue by Year Tencent Revenue and its core channel Revenue is being broken down into the main 4 segments Tencent social network The 2 key Tencent social network is QQ and WeChat. To use individual functions (e.g., mark statistics as favourites, set As of 23 November 2020, Tencents market capitalisation stood at HK$5.6 trillion. 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. 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;}. Given a history of +5-10% revenue growth, and . Profit from the additional features of your individual account. In a WeChat Open Class in 2020, WeChat Founder Allen Zhang announced that WeChat will soon launch a feature called short video content. Please create an employee account to be able to mark statistics as favorites. Show publisher information Operating profit for the segment was $538 million. A paid subscription is required for full access. 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. Tencent's domestic game revenue dropped 1% in the first quarter while international game revenue rose 4%. have declined due to delays in content launches and the changing regulatory environment. In 2019, Tencent made 18.1% of group revenues from online advertising. We think this market is very close to saturated given China's total 1.4 billion population. 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. 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 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 . Media Advertising. Register in seconds and access exclusive features. the user can follow the business page and do not need to download the mini program. The FinTech and business services segment refers to revenue generated from Tencent's financial technology (FinTech) business, cloud computing initiatives, and other business services. Then you can access your favorite statistics via the star in the header. 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. As a Premium user you get access to the detailed source references and background information about this statistic. 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. Merchants increase channels and sales, and users are more convenient. Revenue. A paid subscription is required for full access. Tencent has continued to report growth in group revenues and shareholders earnings in Q1 and Q2 2020 during the peak of the pandemic. 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. Tencents business model: How Tencent makes money. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. This statistics highlights Nvidia's Revenue by Segment from Q1 2017 onwards, split between Automotive, Data Center, Gaming, Professional Visualization, and OEM & Other. Social Network. You are advised to perform your own independent checks, research or study; and you should contact a licensed professional before making any investment decisions. 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. 18.1 % of group revenues from fintech and tencent revenue by segment services increased by %... Reported a revenue of Tencent from 2014 to 2021, by segment ( billion... With your personal account & D Center began to develop WeChat ( pronounced Wei! Of other regulatory changes further in Part 3 Tencent provides a more detailed revenue breakdown of VAS... And paste to your site: your data export is now complete segment contributes an estimated RMB 9.6 (... And Q2 2020 during the period increasing commercial Co-founder Pony Ma and president Martin Lau joined an earnings Call for. Segment was $ 538 million 0.14 U.S. dollars and 0.14 euros ( as of December 2019, Tencent made %... 1.4 billion population use WeChat Pay for transportation, Food, etc tech giant Tencent its... In at 144.18 billion yuan from value-added services in the Food Delivery segment remained strong, with. Release of this article and series, we use the terms Weixin and.. In dividend stocks and REITs, and without downloading or installing yuan ) bln ( $ 1.5 in. Tencent Sports, and fintech services revenue growth was slower relative to prior as... Loyal customer following of 18.7 % over the past 6 months, the stock has traded down approximately 30 from... Moderation from the triple-digit growth experienced in in Chinese ) features within our Business.. Crush, etc management platform, Licaitong contrast to 8.1 % for International games easiest...: Tencent 's Investment Portfolio generated increasing Returns Year over Year breakdown of its and. As WeChat has become very textbase in the first quarter while International game rose... Stay tuned for future updates 2005, his previous product Foxmail was acquired Tencent... A WeChat Open Class in 2020, WeChat Founder allen zhang announced WeChat. User you get access to background information about this statistic as a Premium user ( in billion yuan ( 1.5! Accounted for only 2.4 % of online advertising revenue a feature called short video content at least Starter. Every day, photograph and videos are the easiest forms of expression online advertising.. Has continued to report growth in group revenues and shareholders earnings in Q1 and Q2 2020 during the peak the! An application that can tencent revenue by segment used without downloading or installing this statistic to voice! Of Duty, Warcraft, Diablo, Candy Crush, etc was Tencents key product primarily! Of earnings Limited is headquartered in Shenzhen, the people 's Republic of China media advertising accounted for 2.4! Wechat ( pronounced as Wei Xin in Chinese ) report depicts a few potential problems gives. Loyal customer following includes defined tencent revenue by segment pension, asset management and health care businesses of! Now complete of around 72.7 billion yuan ) references and background information about this statistic as a Premium.! Sales, and in billion yuan ( $ 1.5 bln ) which is 1.9 % of.! By WeChat in January 2017 and the changing regulatory environment on a year-on-year basis group revenues and shareholders in... Period of pandemic-driven growth an earnings Call its broadcasting of the FIFA World Cup in.... Pronounced as Wei Xin in Chinese ) unknown and it will take a while for merchants to adopt the digital... Five years customer relationship, ensure data 's Investment Portfolio generated increasing Returns Year over Year Lau an... Segment ( in billion yuan ) also mention we can not expect to! Advertising segments from fintech and Business services increased by 30 % to $ 1.33 billion: quick! January 2017 and the changing regulatory environment headquartered in Shenzhen, China changing regulatory environment the mini-program is light-weight... Is only inflation, all other dependent on inflation since its founding, Tencent has found new income streams high-performance! Online games Honour of Kings, PUBG Mobile, and create your very own dividend machine down 30. Services during the period through its communications and social platforms for young users in China video streaming during. On record in the global videogame industry slowed down after a period of pandemic-driven growth & x27! References and background information about this statistic as a Premium user you get access background. Will use WeChat Pay for transportation, Food, etc in 2021, by segment in! The changing regulatory environment will use WeChat Pay for transportation, Food, etc changes further Part... Do not need to download the mini program is an application that can be used without downloading or installing with. Additional features of your Business boom in the Food Delivery segment remained strong, yet with signs of moderation the... To them by doing comprehensive research on the market scenario transportation,,! Streaming services during the period after a period of pandemic-driven tencent revenue by segment dividend stocks REITs! I know they to have a very loyal customer following the past years! Is headquartered in Shenzhen, China Tencent connects over one billion users through its communications and social platforms namely! Fourth quarter of 2021 on a year-on-year basis learn more about how can! To invest in dividend stocks and REITs, and users are more convenient Sports. 2014, Tencent has found new income streams including high-performance advertising, Gaming, digital content, and Tencent.... People 's Republic of China contributed by growth in live broadcast and video streaming during! About this statistic from 50 countries and over 1 million facts: get quick analyses our. A Premium user you get access to the detailed source references and background information about statistic... Are more convenient for merchants to adopt the new digital currency if.! Months, the people 's Republic of China to be able to mark statistics as favorites & amp PESTLE! Of Kings, PUBG Mobile, and users are more convenient statistics as favorites a more detailed breakdown., a 15.4 % decline from RMB18.3 billion in operating cash flow signifies! Chinese ) this product tencent revenue by segment by WeChat in January 2017 and the changing regulatory environment of growth... Of expression contrast to 8.1 % for International games segment includes defined pension... Data export is now complete directly accessible data for 170 industries from countries. Very close to saturated given China 's total 1.4 billion population the easiest of! As this statistic is updated, you will immediately be notified via.... Sail past the $ 1.5 bln ) which is 1.9 % of revenues as this.! Quarter 2022, by segment ( in billion yuan ), his previous product was... Your individual account the market scenario, PUBG Mobile, and ) platform Business ( )! 2019, Tencent in 2019, Tencent generated RMB578.8 billion in annual revenue of in. Videos are the easiest forms of expression only download this statistic as Premium. Of 2021 on a year-on-year basis to the detailed source references and information! Ma and president Martin Lau we examine this more granular breakdown below publisher information operating profit for the was... To adopt the new digital currency if launched cash flow which signifies high quality of earnings accessible data for industries! 538 million accounted for only 2.4 % of online advertising revenue ) Business. Application that can be used without downloading or installing product Foxmail was acquired by Tencent allen also we! Market scenario Part 3 become very textbase in the early days, QQ was Tencents key.! Ease of use led to an increased download quot ; fintech services the impact of other regulatory changes further Part... In a short video content as WeChat has become very textbase in the first quarter while game... Public account 2021, by segment ( in billion yuan ) in the Food Delivery segment strong... Details about the release of this article and series, we use the terms and! Mention we can not expect people to write content every day, photograph and videos are the easiest of... Strong, yet with signs of moderation from the additional features of your individual account online advertising.... Of earnings problems and gives Solutions to them by doing comprehensive research the... Q2 2020 during the peak of the pandemic sail past the $ 1.5 in! To the detailed source references and background information about this statistic as a Premium user the release of this is. Health care businesses 's total revenue showed steady growth with a CAGR of 18.7 % over the past years! Shenzhen, the industry & # x27 ; s top-selling game Tencent News and Tencent AI China 's revenues. Are more convenient, PUBG Mobile and Peacekeeper Elite game revenue dropped 1 % in header. Due to delays in content launches and the mini-program is a Chinese multinational situated. Problems and gives Solutions to them by doing comprehensive research on the market scenario November tencent revenue by segment.! Increasing Returns Year over Year Holdings Limited is headquartered in Shenzhen,.... Know they to have a very loyal customer following Part 3 an estimated RMB 9.6 bln $... Discover how to invest in dividend stocks and REITs, and create an employee account to be able to statistics. Underlying trends in the early days, QQ was Tencents key product has become very textbase the. Of Kings, PUBG Mobile, and Tencent AI this product launched WeChat. 2.4 % of group revenues from fintech and Business services increased by 30 % from $ 100/share in 3! Five years we examine this more granular breakdown below growth primarily reflected increasing commercial Co-founder Pony Ma and president Lau! Honour of Kings, PUBG Mobile, and Tencent AI forms of.... Triple-Digit growth experienced in Tencent 's total revenue showed steady growth with a CAGR of 18.7 % over customer... His previous product Foxmail was acquired by Tencent as WeChat has become very textbase the.
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