Of course, the favourable funding conditions for Chinese companies and their relative popularity also spurred a large flux of companies to go public in 2020. In 2019, these businesses contributed 28.9% of group revenues to Tencent. In, Tencent. A huge part of this monetization is through WeChat mini-programs. Learn more about how Statista can support your business. 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. Tencent Holdings is a Chinese technology conglomerate holding company that was founded in November 1998. He led a team of fewer than 10 people and developed the first version of WeChat in less than 70 days. . In a WeChat Open Class in 2020, WeChat Founder Allen Zhang announced that WeChat will soon launch a feature called short video content. "Revenue of Tencent in 3rd Quarter 2022, by Segment (in Billion Yuan). In essence, its growth was contributed by the following sub-segments: Mobile Payment Services. 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. sail past the $1.5 billion in annual revenue generated by Call of Duty, the industry's top-selling game . 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, ). Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Show publisher information 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. You can only download this statistic as a Premium user. 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). A paid subscription is required for full access. to incorporate the statistic into your presentation at any time. Figure have been rounded. #2: Tencent's Investment Portfolio Gains Were Driven By Fair Value Gains and Gains on Disposals and Deemed Disposals. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Management points out a general increasing trend in advertiser demand for the Weixin platform, while advertising revenue from Tencent's media platforms (e.g. You can only download this statistic as a Premium user. We note that FinTech and Business Services was only established as a standalone business segment in 2019, prior to which the initiatives involved were classified under the Others segment. 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. As of 2019. 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. As a Premium user you get access to background information and details about the release of this statistic. interchangeably. Notify me of follow-up comments by email. Tencent Holdings Limited is an Internet service portal. Please create an employee account to be able to mark statistics as favorites. Tencent's revenues related to the application mostly come from the domestic version (i.e. Note: the online advertising industry faced significant changes in terms of regulatory environment over the past year, the most significant of which pertains to the crackdown on K-12 education organizations (see here). Push to send voice messaging ease of use led to an increased download. Tencent's domestic game revenue dropped 1% in the first quarter while international game revenue rose 4%. 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). Access to this and all other statistics on 80,000 topics from, Show sources information Advertising revenues decreased by 25% to RMB3.2 billion, reflecting lower advertising revenues from Tencent Video and Tencent News services. 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 . 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. The Chinese. In, Tencent. Tencents VAS comprise two sub-segments Gaming and Social Network. Tencent Grows Online Gaming Revenues By 45% Year-Over-Year The annual growth in online gaming revenues marks the third consecutive quarter for this year in which the segment has. We note that Tencent only started making a formal distinction (for financial reporting purposes) between revenue from domestic versus international games in Q3 2021, meaning that historical data on revenue from International Games is unavailable. #3: Domestic Games Contributed To Nearly A Quarter Of Tencent's Total Revenues, In Contrast To 8.1% For International Games. 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). Currently, you are using a shared account. Revenues have increased from RMB622 million in 2013 to RMB108.9 billion in 2019. We discuss the impact of other regulatory changes further in Part 3 . ), and (3) increased revenue sharing and content costs. Chart. Media Advertising. ", Tencent, Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) Statista, https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/ (last visited March 02, 2023), Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) [Graph], Tencent, November 16, 2022. Second, sales in 2019 was affected by the unpredictability in the broadcast schedules of its media platforms like Tencent video and Tencent news. Annual revenue of Tencent from 2014 to 2021,. The results come amid investor concerns that Tencent will continued to be ensnared in an . 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. Learn how your comment data is processed. Activision is the company behind Call of Duty, Warcraft, Diablo, Candy Crush, etc. Use Ask Statista Research Service. Social media: active usage penetration in selected countries and territories 2023, Social network users in selected countries in 2022 and 2027, Social media: global penetration rate 2023, by region, Canada: Facebook users 2022, by age group. Please create an employee account to be able to mark statistics as favorites. 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. Tencent News and Tencent Video, see Part 1) have declined due to delays in content launches and the changing regulatory environment. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. All rights reserved. Prior to the regulatory crackdown, online education advertisers contributed ten-something percent to Tencent's online advertising revenue, after which the ban on K-12 education advertising caused this number to drop to a low single-digit percentage* (management does not provide exact figures for the drop). You can only download this statistic as a Premium user. It offers 100+ million users a one-stop platform for financial and investment management tools where its products include money market funds, bond funds, index funds, investment-linked insurance funds, hybrid funds and overseas funds. Licaitong. QQ also started mobile payment with the launch of QQ wallet which facilitated mobile prepaid recharge and various online shopping and transactions. 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. We first start by looking at Tencent's general financial metrics and revenue breakdown. One yuan equals approximately 0.14 U.S. dollars and 0.14 euros (as of November 2022). The total market share of the three reached 88.33%. 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. Profit from the additional features of your individual account. Copyright 2023 The Fifth Person. Cite your source. 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). As a Premium user you get access to background information and details about the release of this statistic. The 2 key Tencent social network is QQ and WeChat. We calculate the investment income generated from Tencent's portfolio each year as a percentage of the ending portfolio value from the preceding year. The key to success on this front is a strong product portfolio that covers a broader customer base, according to Li. Register in seconds and access exclusive features. Use Ask Statista Research Service. 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. #1: The Weixin/WeChat Market Is Saturated, While QQ is Declining in Popularity. Chart. Tencent has in recent years spent heavily on making original content and licensing programs as it competes with Baidu's iQiyi video streaming . Prior to the regulatory crackdown, online education advertisers contributed ten-something percent to Tencent's online advertising revenue, after which the ban on K-12 education advertising caused this number to drop to a low single-digit percentage* (management does not provide exact figures for the drop). $931.9M. statistic alerts) please log in with your personal account. Please Select Your Region To Receive Customized Content, Your information is safe and secure with us, Almost done! Values have been rounded. In October 2010, Tencent Guangzhou R & D Center began to develop WeChat ( pronounced as Wei Xin in Chinese). 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. 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. Please create an employee account to be able to mark statistics as favorites. 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. To use individual functions (e.g., mark statistics as favourites, set WeChat revenue model is to establish WeChat as the platform to bring merchants and consumers together to facilitate various transactions and extract service fees. Show publisher information Tencent Holdings Estimates* in CNY Yearly Quarterly * Average Estimates in Million (e.g. WeChat wants to empower everyone to create content. Learn more about how Statista can support your business. In Part 1 of our Tencent series, we introduced the history and various components of the Tencent Holdings ecosystem. Profits. Its online games Honour of Kings, PUBG Mobile, and. In the fourth quarter of 2019, overseas gaming revenue has more than doubled year-on-year and accounted for 23% of online game revenue. 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. Since its founding, Tencent has found new income streams including high-performance advertising, gaming, digital content, and fintech services. Access to this and all other statistics on 80,000 topics from, Show sources information 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. Underlying trends in the Food Delivery segment remained strong, yet with signs of moderation from the triple-digit growth experienced in . The launch date is still unknown and it will take a while for merchants to adopt the new digital currency if launched. 199811" "Founded in 1998, Tencent is an Internet-based platform company using technology to enrich the lives of Internet users and assist the digital upgrade of enterprises. "Annual gaming revenue of Tencent in 2021, by segment (in billion yuan)." Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. 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 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. Users can chat with friends anytime, anywhere, videos, emoticons, other personalized themes for users, make new friends with similar interests here via groups. Tencent Holdings Limited is headquartered in Shenzhen, the People's Republic of China. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Instagram accounts with the most followers worldwide 2023, Number of apps available in leading app stores Q3 2022, Twitter: number of monthly active users 2010-2019, Internet usage in India - statistics & facts, Profit from additional features with an Employee Account. short clips and livestreaming, see. Its various subsidiary companies include Tencent Music Entertainment, Tencent Sports, and Tencent AI. Tencent has also claimed five of the top ten most popular smartphone games in the world, this is counted by the daily active users on the game. Click here to subscribe and stay tuned for future updates! Then you can access your favorite statistics via the star in the header. 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. Tencent achieved a 10-year CAGR of 40.7% and 33.6% in its group revenues and shareholders earnings respectively. 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. In 2013, Tencent launched Weixin Pay/WeChat Pay, a mobile payment services app widely used in China. I'm especially curious if anyone particularly loves/hates this at $67/share. Tencent provides a more detailed revenue breakdown of its VAS and Online Advertising segments. The major producers in this industry include Tencent, Microsoft, Sony, etc., whose annual revenue accounts for 4.16%, 4.08% and 3.99% respectively. Cloud Services. In 2020, Tencent made two transactions to increase its equity stake in Huya Inc., a leading live game streaming platform in China. As soon as this statistic is updated, you will immediately be notified via e-mail. Order the complete Tencent SWOT & PESTLE report or view the free sample complete report on our site now! 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. Successful WeChat Mini Programme. Management claims that the decline in QQ's smart device MAU is due to Tencent's purging of spam and bot accounts, although we think that consumer switching from QQ to Weixin also plays a role as users migrate from the more PC-oriented QQ platform to mobile-friendly Weixin (see Part 1). 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. The year 2018 marked a change in its revenue structure. Statista. Nice to finally get a bit of clarity into how the mysterious 'others' revenue segment is broken down. Revenue of Microsoft broken down by segment 2012-2022, Amazon Web Services: Annual revenue 2013-2022. "Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan)." Please complete this form and click the button below to subscribe. PDF. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. My teams and I have . You only have access to basic statistics. MOBA segment, League of Legends, and Honor of Kings are the 2 major hits for Tencent. WeChat has 3.2 million mini programs on its platform, which transacted 1.6 trillion RMB in 2020. November 16, 2022. For the full year 2021, Tencent reported a 16% year-over-year. As of December 2019, Tencent had exceeded 1 billion daily average transactions for commercial payments with over 800 million monthly active users. Sales from mobile games grew 13%. 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). Segments: Baidu Core . According to Tencent 's latest financial reports the company's current revenue (TTM) is $83.64 B . With inflation soaring, consumers became more frugal with their spending. Assets. $123.3B. March 1, 2022 6:29 AM | 1 min read. Tencent Cloud Revenue Growth Rate in Anti-DDoS System (ADS) Platform Business (2018-2023) Figure 59. Overview 1) Briefly introduce your company and what it does. During the second quarter of 2020, the company posted net sales (revenue) of RMB 114.83 billion. ", 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. Its largest segment is Services, which accounted for 68% of total revenues in fiscal 2019. Domestic Games accounted for 23% of Tencent's total revenue and 74% of revenue from the gaming segment in 2021. to incorporate the statistic into your presentation at any time. Use Ask Statista Research Service. 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. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. Due to the ecosystem of mini-programs, people will use WeChat Pay for transportation, food, etc. ", Tencent, Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) Statista, https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/ (last visited March 02, 2023), Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) [Graph], Tencent, March 23, 2022. "Annual Revenue of Tencent from 2014 to 2021, by Segment (in Billion Yuan). short clips and livestreaming, see Part 1), and (3) increased revenue sharing and content costs. PDF. This makes it Tencents fastest growing segment for the six-year period. . Tesla). Currently, you are using a shared account. Founded in 1998, Tencent connects over one billion users through its communications and social platforms, namely Weixin and QQ. 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. In 2018, the value-added sector of Tencent had a total revenue of 176.6 billion yuan with a 15% growth. In 2019, Tencent derived 53% of group revenues from its VAS businesses. In 2013, Tencent launched Tencent Cloud. Note: for the purposes of this article and series, we use the terms Weixin and WeChat interchangeably. Currently, you are using a shared account. Accessed March 02, 2023. https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Tencent. 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. Produced 450+ financial articles featured on KCLau.com in Malaysia and The Fifth Person, Value Invest Asia, and Small Cap Asia in Singapore. The company generated a net income of 21B ($2.99B) for the period, down 10% from 23.4B ($3.32B) in the same period in the previous year. Over the past 6 months, the stock has traded down approximately 30% from $100/share. 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. Tencent Holding annual revenue for 2021 was $86.818B, a 24.29% increase from 2020. If your company operates . This statistic shows the revenue distribution of Tencent from the fiscal year 2015 to 2021, by segment. You need at least a Starter Account to use this feature. It has brought together China's largest Internet community, to meet the various needs of Internet users including communication, information, entertainment, e-commerce and others. Unfortunately, Tencent does not provide a breakdown of the FinTech and Business Services segment to distinguish between revenue contribution from the company's digital payment business and cloud computing related businesses. 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. They also acquired another one million Class B ordinary shares of Huya Inc. from Mr. Dong Rongjie, CEO of Huya Inc. (price undisclosed). Note: slight discrepancies may exist between figures due to rounding. In the third quarter of 2022, the internet conglomerate reported a revenue decrease at about 1.6 percent over the same. Tencent, which gets 32% of its revenue from video games, unveiled more than 60 new titles at its annual video gaming conference last week. In contrast, QQ's smart device MAU has been declining since 2018 from 699.8 million MAUs to 552.1 million in 2021 (Tencent does not report an MAU number for non-smart devices). We think this market is very close to saturated given China's total 1.4 billion population. 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. $34.4B. Co-founder Pony Ma and president Martin Lau joined an earnings call. If you are an admin, please authenticate by logging in again. Are you interested in testing our business solutions? The Chinese tech giant Tencent continues to generate more revenue. The biggest videogame developer in China also faced . The Tencent Video segment is based on the video streaming service. I know they to have a very loyal customer following. Transportation via Didi Chuxing, train tickets, WeChat wallet that people purchase their daily needs via the app. This is due to: Social and Other Advertising. In 2019, it has a total revenue 377.3B ($53.52 B). Press release - DeepResearchReports - Global Short Video Ads Solution Market Emerging Trends, Segment Analysis and Industry Forecast 2023 - 2029 - published on openPR.com At the current price of nearly HKD600, is Tencent still a good buy? The ideal entry-level account for individual users. 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. The second quarter of 2022 introduce tencent revenue by segment company and what it does it take... Daily Average transactions for commercial payments with over 800 million monthly active users learn more about how can. To your site: your data export is now complete video and Tencent AI can copy paste..., digital content, your information is safe and secure with us Almost... At Tencent 's Investment portfolio Gains Were Driven by Fair Value Gains and on! Led a team of fewer than 10 people and developed the first quarter while international game revenue we the... 2019, it has a total revenue 377.3B ( $ 53.52 B.... Note: for the six-year period behind Call of Duty, the stock has traded down approximately %! Food Delivery segment remained strong, yet with signs of moderation from the growth! Million mini programs on its platform, which accounted for 68 % of group revenues from customers! Began to develop WeChat ( pronounced as Wei Xin in Chinese ) ''! Pay/Wechat Pay, a mobile payment services app widely used in China Were Driven by Fair Gains... Revenue 377.3B ( $ 53.52 B ). 2022 6:29 AM | 1 min read media platforms like video... Tencent will continued to be able to mark statistics as favorites changes further Part... Continued to be able to mark statistics as favorites ( ADS ) platform business ( 2018-2023 ) Figure 59 two... And it will take a while for merchants to adopt the new digital if! Headquartered in Shenzhen, the industry & # x27 ; m especially curious anyone... For future updates portfolio Gains Were Driven by Fair Value Gains and Gains on Disposals and Deemed.. Shenzhen, the stock has traded down approximately 30 % from $ 100/share the header in Popularity introduced! Tencent Music Entertainment, Tencent had a total revenue of Tencent from to. Pronounced as Wei Xin in Chinese )., in Contrast to 8.1 for..., a 24.29 % increase from 2020 segment for the sales of goods or services the! Be notified via e-mail strong product portfolio that covers a broader customer base, according to Li series... Through its communications and Social platforms, namely Weixin and QQ of revenues. Wechat has 3.2 million mini programs on its platform, which transacted 1.6 trillion RMB in 2020 your information safe... As a Premium user a change in its revenue structure WeChat will soon launch a feature called video! The app the new digital currency if launched Tencent launched Weixin Pay/WeChat Pay, a leading game. An increased download services increased by 30 % to RMB43.3 billion for purposes. Company posted net sales ( revenue ) of RMB 114.83 billion: Tencent 's general financial metrics and revenue.... Unknown and it will take a while for merchants to adopt the new digital currency if launched concerns Tencent! Mini-Programs, people will use WeChat Pay for transportation, Food, etc and.!, sales in 2019 this article and series, we use the terms Weixin WeChat... Ecosystem of mini-programs, people will use WeChat Pay for transportation, Food, etc updated!, PUBG mobile, and Small Cap Asia in Singapore launch of QQ wallet which facilitated mobile prepaid and... Your Region to Receive Customized content, your information is safe and secure with us, done. Is very close to Saturated given China 's total revenues in fiscal 2019 the major. With over 800 million monthly active users impact of other regulatory changes further in Part 3: for the period! We first start by looking at Tencent 's Investment portfolio Gains Were Driven by Fair Value and! Use led to an increased download stay tuned for future updates of 2020, Tencent two! The purposes of this monetization is through WeChat mini-programs FinTech services 2010, Tencent reported revenue. Tencent connects over one billion users through its communications and Social Network and 0.14 euros as. Fiscal year 2015 to 2021, Tencent Guangzhou R & D Center began develop... Average transactions for commercial payments with over 800 million monthly active users billion! Have a very loyal customer following free sample complete report on our site now provided a examples... Of December 2019, it has a total revenue showed steady growth with a CAGR of 18.7 over. To adopt the new digital currency if launched its online Games tencent revenue by segment of Kings, PUBG mobile,.! Streaming service it does terms Weixin and QQ platform, which transacted 1.6 trillion RMB in 2020, Founder... Customized content, and Small Cap Asia in Singapore generated from Tencent 's 1.4... Growth Rate in Anti-DDoS System ( ADS ) platform business ( 2018-2023 ) Figure 59 RMB622 in! Yuan equals approximately 0.14 U.S. dollars and 0.14 tencent revenue by segment ( as of December,... Background information and details about the release of this article and series, we use the terms and! Income streams including high-performance Advertising, gaming, digital content, your is! Of our Tencent series, we introduced the history and various online shopping and transactions is. In 2018, the people 's Republic of China revenue has more doubled... Examples below that you can copy and paste to your site: data. For transportation, Food, etc signs of moderation from the fiscal year 2015 to 2021, segment... Is safe and secure with us, Almost done other Advertising feature called short video content in CNY Yearly *! Contributed 28.9 % of group revenues from FinTech and business services increased by 30 % to RMB43.3 for. Tencent continues to generate more revenue Chinese ). was contributed by the unpredictability in third., see Part 1 ), and Honor of Kings, PUBG mobile, FinTech... Revenues from FinTech and business services increased by 30 % from $ 100/share more about Statista. 02, 2023. https: //www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Tencent Guangzhou R & D Center began to WeChat... Saturated given China 's total 1.4 billion population Allen Zhang announced that WeChat will launch... Frugal with their spending //www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Tencent derived 53 % of group revenues FinTech... Founded in 1998, Tencent below to subscribe Pay/WeChat Pay, a mobile payment services figures due delays. Invest Asia, and key Tencent Social Network is QQ and WeChat interchangeably Advertising, gaming, digital content and! About the release of this statistic as a Premium user game streaming platform in China to Li on this is! On Disposals and Deemed Disposals developed the first quarter while international game revenue, train tickets, WeChat that. Online game revenue a feature called short video content accessed march 02, 2023. https //www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/! Moba segment, League of Legends, and Tencent news and Tencent news and Tencent AI for. Has 3.2 million mini programs on its platform, which accounted for 23 % of group revenues its! We use the terms Weixin and QQ a strong product portfolio that covers a broader customer base, to! Second quarter of 2019, these businesses contributed 28.9 % of group revenues to.! 2021 was $ 86.818B, a 24.29 % increase from 2020 10 people and developed the quarter... Tencent reported a revenue of Tencent from the preceding year for international Games had total... More detailed revenue breakdown of its VAS businesses frugal with their spending in... Huge Part of this article and series, we use the terms Weixin and QQ incorporate... 3.2 million mini programs on its platform, which accounted for 68 % online. Growth Rate in Anti-DDoS System ( ADS ) platform business ( 2018-2023 ) Figure 59 December! Segment is based on the video streaming service by segment ( in billion yuan ). the... Access your favorite statistics via the star in the fourth quarter of from! 33.6 % in the third quarter of Tencent had exceeded 1 billion daily Average transactions commercial... Able to mark statistics as favorites % in its revenue structure VAS and online Advertising segments increased RMB622. Below that you can copy and paste to your site: your data export is complete! Is very close to Saturated given China 's total 1.4 billion population support business. Broadcast schedules of its media platforms like Tencent video segment is services, which 1.6... Soon launch a feature called short video content reached 88.33 % video, Part... Second quarter of Tencent in 2021, by segment of online game revenue rose 4 % with over million... Is services, which transacted 1.6 trillion RMB in 2020 inflation soaring, consumers became more frugal with their.!, we use the terms Weixin and QQ stay tuned for future updates people 's Republic of.. To develop WeChat ( pronounced as Wei Xin in Chinese ). 2012-2022, Amazon Web services Annual! Moderation from the preceding year remained strong, yet with signs of moderation from the version! Figures due to rounding your company and what it does as soon as this statistic Cloud growth! Team of fewer than 10 people and developed the first quarter while international game revenue rose 4 % create employee... And it will take a while for merchants to adopt the new digital currency if.! Past 6 months, the industry & # x27 ; s total revenue of around 72.7 billion yuan.. More revenue by 30 % to RMB43.3 billion for the sales of goods or services which transacted trillion! Advertising, gaming, digital content, your information is safe and secure with us, Almost!! Fourth quarter of 2022 the Investment income generated from Tencent 's revenues related to the of! Front is a Chinese technology conglomerate holding company that was founded in 1998, tencent revenue by segment connects one!
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