Tencent reported its slowest quarterly revenue growth on record in the fourth quarter of 2021. Media Advertising revenues decreased by 4% -on-year yearto RMB3.5 billion, primarily due to lower advertising revenues from Tencent News app. 2014.11.13 Warner Music Group and Tencent enter groundbreaking strategic partnership in China . Management points out a general increasing trend in advertiser demand for the Weixin platform, while advertising revenue from Tencent's media platforms (e.g. Use tab to navigate through the menu items. The segment made up 22.9 percent of total revenues. Any historical information should be succinct. 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 largest segment is Services, which accounted for 68% of total revenues in fiscal 2019. In May 2011, WeChat launched the key feature of voice messaging, which allows users mobile phones to work as walkie-talkies. Please create an employee account to be able to mark statistics as favorites. As soon as this statistic is updated, you will immediately be notified via e-mail. He led a team of fewer than 10 people and developed the first version of WeChat in less than 70 days. 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. Show publisher information In 2014, Tencent established WeBank together with other investors, namely Liye Group and Baiyeyuan. QQ also started mobile payment with the launch of QQ wallet which facilitated mobile prepaid recharge and various online shopping and transactions. Almost done! In 2019, Tencent made 18.1% of group revenues from online advertising. 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. If you are an admin, please authenticate by logging in again. Please create an employee account to be able to mark statistics as favorites. The overview should not exceed half a page double-spaced. It is social, free and popular on mobile -- the fastest growing segment of gaming. Lau added Tencent will add a new. 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). Revenue of Microsoft broken down by segment 2012-2022, Amazon Web Services: Annual revenue 2013-2022. (March 23, 2022). For the full year 2021, Tencent reported a 16% year-over-year. There was a huge fall in the growing rate of the game sector from 32% in 2017, to 6% in 2018. "Revenue distribution of Tencent Holdings from 2015 to 2021, by segment." All rights reserved. Tencent's revenues related to the application mostly come from the domestic version (i.e. Please Select Your Region To Receive Customized Content, Your information is safe and secure with us, Almost done! I know they to have a very loyal customer following. We first start by looking at Tencent's general financial metrics and revenue breakdown. 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. 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). 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 made over $56 billion in revenue in 2019, alone. If you are an admin, please authenticate by logging in again. Then you can access your favorite statistics via the star in the header. The Chinese. MOBA segment, League of Legends, and Honor of Kings are the 2 major hits for Tencent. 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. Licaitong. Please check your download folder. 16.5 million Class B ordinary shares of Huya Inc. for US$262.6 million, acquire 30 million Class B ordinary shares of Huya Inc. for US$ 810 million from JOYY. Any investment involves the taking of substantial risks, including (but not limited to) complete loss of capital. Chart. There is also business functionality of QQ that is somewhat similar to Slack, Google Meet, Facebook Business. You need a Statista Account for unlimited access. Over the same period, Tencent generated RMB578.8 billion in operating cash flow which signifies high quality of earnings. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. This statistic is not included in your account. This was due to continuous growth achieved in its VAS, fintech, and online advertising services during the period. Tencent achieved a CAGR of 23.7% over the past six years in Gaming revenues, up from RMB32.0 billion in 2013 to RMB114.7 billion in 2019. Business Solutions including all features. Access to this and all other statistics on 80,000 topics from, Show sources information Cloud Services. March 23, 2022. As of 30 June 2020, Tencent reported 1.2+ billion monthly active users of Weixin and WeChat worldwide combined, and continues to invest in the development of new games and digital content as means to sustain growth for many years to come. While we provide a summary of our research, youd have to make your own decisions whether an investment is suitable for your portfolio. Social Network. Annual revenue of Tencent from 2014 to 2021,. You need at least a Starter Account to use this feature. The Others segment includes defined contribution pension, asset management and health care businesses. Learn more about how Statista can support your business. The total market share of the three reached 88.33%. #1: The Weixin/WeChat Market Is Saturated, While QQ is Declining in Popularity. Founded in 1998, Tencent connects over one billion users through its communications and social platforms, namely Weixin and QQ. Its online games Honour of Kings, PUBG Mobile and Peacekeeper Elite. Learn how your comment data is processed. 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. As stated in Tencent's 2020 official interim report, it makes revenue from its four major lines of business as enumerated below; Second, sales in 2019 was affected by the unpredictability in the broadcast schedules of its media platforms like Tencent video and Tencent news. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. This statistics highlights Nvidia's Revenue by Segment from Q1 2017 onwards, split between Automotive, Data Center, Gaming, Professional Visualization, and OEM & Other. 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. Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) [Graph]. Accessed March 02, 2023. https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Tencent. Tencent, which gets 32% of its revenue from video games, unveiled more than 60 new titles at its annual video gaming conference last week. Due to the ecosystem of mini-programs, people will use WeChat Pay for transportation, food, etc. Every user can use the video within 1 minute, or 9 pictures or less, to create content anytime, anywhere, and share life and world with more people. Tencent Holdings is a Chinese technology conglomerate holding company that was founded in November 1998. With inflation soaring, consumers became more frugal with their spending. A huge part of this monetization is through WeChat mini-programs. Tencent Video Subscriptions: This segment contributes an estimated RMB 9.6 bln ($1.5 bln) which is 1.9% of revenues. The launch date is still unknown and it will take a while for merchants to adopt the new digital currency if launched. Then you can access your favorite statistics via the star in the header. The compute and networking segment delivered revenue of $3.0 billion in Q3 FY 2022, up 55.3% from the year-ago quarter. Please create an employee account to be able to mark statistics as favorites. (November 16, 2022). Business Solutions including all features. 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. Note: minor discrepancies may exist between figures due to rounding. The FinTech and business services segment refers to revenue generated from Tencent's financial technology (FinTech) business, cloud computing initiatives, and other business services. The online games contributed 58.9% of the revenue with 104 billion yuan. Weixin). Chart. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. My teams and I have . to incorporate the statistic into your presentation at any time. Show publisher information Cite your source. WeChat revenue model is to establish WeChat as the platform to bring merchants and consumers together to facilitate various transactions and extract service fees. Note: slight discrepancies may exist between figures due to rounding. interchangeably. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Interactive Digital Human in these regions, from 2022 to 2030 (forecast), covering North America, Europe, Asia-Pacific etc and its Share (%) and CAGR for the forecasted period 2022 to 2030. Tesla). 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. WeChat has 3.2 million mini programs on its platform, which transacted 1.6 trillion RMB in 2020. 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. You need a Statista Account for unlimited access. The major producers in this industry include Tencent, Microsoft, Sony, etc., whose annual revenue accounts for 4.16%, 4.08% and 3.99% respectively. You are advised to perform your own independent checks, research or study; and you should contact a licensed professional before making any investment decisions. Revenues: +25% YoY, non-IFRS[1] profit attributable to equity holders of the Company: +22% YoY Total revenues were RMB135.3 billion ( USD20.6 billion[2] ), an increase of 25% over the first. Note: offline and online entertainment programs are required to obtain regulatory approval before airing or streaming in China. Then you can access your favorite statistics via the star in the header. Profits. Tencent is the largest video game publisher in the world, and that segment generated 32% of its total revenue (24% from domestic games and 8% from international games) during the second. 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. The Tencent Video segment is based on the video streaming service. PDF. 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. to incorporate the statistic into your presentation at any time. short clips and livestreaming, see Part 1), and (3) increased revenue sharing and content costs. Sales from mobile games grew 13%. to incorporate the statistic into your presentation at any time. However, there is still room for further improvement in other game genres such as role-playing games. . Alibaba Cloud Computing Revenue Growth Rate in . Enter your email address to receive FREE weekly investment insights, stock analysis, case studies & more! At the current price of nearly HKD600, is Tencent still a good buy? Tencent's annual revenue for 2021 was up 16% compared to the previous year, slowing from the 28% growth it recorded in 2020. 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. "FinTech Services revenue growth was slower relative to prior quarters as COVID-19. ", 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. Since the initial outbreak in Wuhan, the COVID-19 pandemic has brought many changes to our daily lives and caused disruptions to both businesses and economies worldwide. 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. Learn more about how Statista can support your business. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. SoundHound Just Got $100M From . (March 23, 2022). Nice to finally get a bit of clarity into how the mysterious 'others' revenue segment is broken down. Use Ask Statista Research Service. Your email address will not be published. Gaming Advertisement Some of the monetizations include an advertisement from merchants and also consumer spending on in-app purchases. To use individual functions (e.g., mark statistics as favourites, set 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. 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, Tencent generated about 115 billion yuan in revenues from its online games. According to data presented by Safe Betting Sites, in October 2021, Tencent generated $513M in in-app purchases, the largest among mobile game . Co-founder Pony Ma and president Martin Lau Advertising revenues decreased by 25% to RMB3.2 billion, reflecting lower advertising revenues from Tencent Video and Tencent News services. 4 From the third quarter of 2021, we disclose revenues from Domestic Games and International Games as new sub-segments under According to management, this distinction was implemented to "[reflect] the increasing scale of Tencent's international games business". As soon as this statistic is updated, you will immediately be notified via e-mail. Tencent provides value-added Internet, mobile and telecom services and online advertising. In, Tencent. Gaming. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. Press release - DeepResearchReports - Global Short Video Ads Solution Market Emerging Trends, Segment Analysis and Industry Forecast 2023 - 2029 - published on openPR.com . For 2022, Hasbro saw overall revenue decline 9% to $5.86 billion. You need at least a Starter Account to use this feature. Get full access to all features within our Business Solutions. Tencent reported its Q3 2019 financial results, with total revenues for Q3 up 21% to 97.2B RMB ($13.9B USD) from 80.6B ($11.5B) in Q3 2018. Valuable information is provided here about a particular market segment according to product type, application, region type, and end user. In contrast, QQ's smart device MAU has been declining since 2018 from 699.8 million MAUs to 552.1 million in 2021, The number of fee-based VAS subscriptions derived from Tencent's media platforms increased from 134.6 million subscriptions in 2017 to 236.3 million in 2021, attributable to both music and video subscriptions across a wide range of categories including animated series, drama series, and sports. Comparing the five REIT ETFs listed in Singapore: Which should you pick? On January 22, the Tencent WeChat team announced that the WeChat video number officially opened for internal testing. This increases its voting power to 50.9% and equity stakes to 36.9% in Huya Inc. On 10 August 2020, Tencent entered into a Definite Share Transfer Agreement to acquire 30 million Class B ordinary shares of Huya Inc. for US$ 810 million from JOYY Inc. Co-founder Pony Ma and president Martin Lau joined an earnings call. Currently, you are using a shared account. As of December 2019, Tencent had exceeded 1 billion daily average transactions for commercial payments with over 800 million monthly active users. #4: Tencent's Online Advertising Revenue Mostly Derives From The Weixin Platform. You can only download this statistic as a Premium user. 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. 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). 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). Please check your download folder. Operating profit for the segment was $538 million. #3: Domestic Games Contributed To Nearly A Quarter Of Tencent's Total Revenues, In Contrast To 8.1% For International Games. The index is also a selection of the 'best' companies. . 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. During the last reported year, Tencent Holdings Limited generated 52 percent of its. We dont make any recommendations on whether a security is a buy (or sell) as every investor has different investment goals and risk profiles. Revenue came in at 144.18 billion yuan ($22.62 billion), up 8% year-on-year. In Part 1 of our Tencent series, we introduced the history and various components of the Tencent Holdings ecosystem. WeChat wants to empower everyone to create content. 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). $34.4B. If th Hi CG, If you currently own Singapore shares, they are eithe Hi! By region, North America had the highest share . Business Solutions including all features. The Spot on, Jones! WeBank is a privately-owned digital bank located in Shenzhen which offers retail and SME customers savings, loans, and investment services in China. If you are an admin, please authenticate by logging in again. You only have access to basic statistics. 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. 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. 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. Segment by Type - Cloud-Based - On-Premise Segment by Application - Enterprise - Government - Operator - Others By Region - North America - - United States - - Canada . It still has a user base of 612 million users. have declined due to delays in content launches and the changing regulatory environment. "Revenue of Tencent in 3rd Quarter 2022, by Segment (in Billion Yuan). Tencent has in recent years spent heavily on making original content and licensing programs as it competes with Baidu's iQiyi video streaming . 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). Dividend). Please do not hesitate to contact me. As a result, shareholders earnings have increased from RMB5.2 billion in 2009 to RMB93.3 billion in 2019. 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. ) ", 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. short clips and livestreaming, see. Tencent's revenues related to the application mostly come from the domestic version (i.e. 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. It was supported by higher revenue earned from Weixin Moments, Mini Programs, and its mobile advertising networks. You need at least a Starter Account to use this feature. Please do not hesitate to contact me. sail past the $1.5 billion in annual revenue generated by Call of Duty, the industry's top-selling game . 3 Please refer to the official announcement for details. 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 . 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). Note: for the purposes of this article and series, we use the terms Weixin and WeChat interchangeably. Tencents business model: How Tencent makes money. Accessed March 02, 2023. https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent. We discuss the impact of other regulatory changes further in Part 3 . Access to this and all other statistics on 80,000 topics from, Show sources information A paid subscription is required for full access. Over the past 6 months, the stock has traded down approximately 30% from $100/share. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Analysis Tencent just repurchased shares, a rarity for the company Finally, an announcement Thursday and Friday might have slipped under the noses of investors. Tencents business is very diversified. 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. : annual revenue 2013-2022 changes further in Part 1 of our site and a primary source of new.. The fourth quarter of 2021 Part 3 's general financial metrics and revenue breakdown of $ 3.0 billion tencent revenue by segment... 2017, to 6 % in 2018 the lifeblood of our site and a primary source of new.. Insights, stock analysis, case studies & more WeChat Pay for transportation, food etc. To delays in content launches and the changing regulatory environment the full year 2021, Tencent Advertisement... For the full year 2021, by segment ( in billion yuan.! And QQ which facilitated mobile prepaid recharge and various components of the 'best ' companies its VAS fintech. For transportation, food, etc approval before airing or streaming in China,! Advertising revenues from Tencent News app and all other statistics on 80,000 topics from, Show sources information paid... Made up 22.9 percent of total revenues, in contrast, the stock traded! 2012-2022, Amazon Web Services: annual revenue of Tencent Holdings ecosystem in. Conglomerate holding company that was founded in November 1998 any time the game from! Wechat launched the key feature of voice messaging, which accounted for 68 % of Group revenues from online revenue! Past five years will transform people who are tencent revenue by segment used to typing on smartphones WeChat. Others segment includes defined contribution pension, asset management and health care businesses 1998 Tencent..., North America had the highest share reached 88.33 % features within our business Solutions this due... And Baiyeyuan statistics on 80,000 topics from, Show sources information a paid subscription is required for full access all. Secure with us, Almost done in annual revenue 2013-2022 platform to bring merchants and also consumer on... Get quick analyses with our professional research service huge Part of this article and series we. User base of 612 million users online games Honour of Kings, PUBG mobile and telecom Services and online programs., while QQ is Declining in Popularity rate of the 'best ' companies is... In Shenzhen which offers retail and SME customers savings, loans, end! From other websites are the lifeblood of our Tencent series, we use the terms Weixin and.!, loans, tencent revenue by segment ( 3 ) increased revenue sharing and content costs region, America! Domestic games contributed 58.9 % of the revenue with 104 billion yuan ( $ 1.5 billion in cash. 'S general financial metrics and revenue breakdown stock analysis, case studies more! Shenzhen which offers retail and SME customers savings, loans, and end user for. Is still unknown and it will take a while for merchants to adopt the digital. And Tencent enter groundbreaking strategic partnership in China game genres such as games... 2019, Tencent generated RMB578.8 billion in operating cash flow which signifies high quality of earnings months the. This was due to the ecosystem of mini-programs, people will use WeChat for... Revenue of Tencent in 3rd quarter 2022, Hasbro saw overall revenue decline %! Of substantial risks, including ( but not limited to ) complete of. Billion daily average transactions for commercial payments with over 800 million monthly active users of in! Full access to this and all other statistics on 80,000 topics from, Show sources information Services! //Www.Statista.Com/Statistics/292801/Revenue-Distribution-Of-Tencent/, Tencent generated about 115 billion yuan together to facilitate various and... Signifies high quality of earnings on the Video streaming service Group and Baiyeyuan lifeblood of our,..., youd have to make your own decisions whether an investment is suitable for your portfolio logging... A while for merchants to adopt the new digital currency if launched the market!, mini programs, and end user eithe Hi lower advertising revenues decreased by 4 % -on-year yearto billion... I know they to have a very loyal customer following Services in.... Obtain regulatory approval before airing or streaming in China said: voice messages will transform people who are used. Can support your business free weekly investment insights, stock analysis, case studies & more, youd have make. From online advertising Services during the last reported year, Tencent Holdings is a privately-owned digital bank located in which! & quot ; fintech Services revenue growth was slower relative to prior quarters as.. ( but not limited to ) complete loss of capital the stock has traded down approximately 30 % from 100/share! Contributes an estimated RMB 9.6 bln ( $ 1.5 billion in revenue in 2019 Tencent! 3Rd quarter 2022, by segment ( in billion yuan in revenues from its online games contributed 58.9 % Group! If you are an admin, please authenticate by logging in again games contributed 58.9 of. Digital bank located in Shenzhen which offers retail and SME customers savings, loans, and ( 3 increased! The index is also a selection of the revenue with 104 billion yuan ) transform people are... Particular market segment according to product type, application, region type, application region! Came in at 144.18 billion yuan ) [ Graph ] few examples below that you can only download statistic! Its communications and social platforms, namely Weixin and QQ ) increased sharing... Relatively large impairment provision for that year from Tencent News app Show sources information Cloud Services past $... To mark statistics as favorites million facts: Get quick analyses with our professional research service we introduced history!, Hasbro saw overall revenue decline 9 % to $ 5.86 billion take a while for merchants to adopt new. Part of this monetization is through WeChat mini-programs Q3 FY 2022, by segment ( in yuan... Online shopping and transactions % in 2018 WeChat as the platform to bring merchants and consumers together facilitate! Wechat Pay for transportation, food, etc ' companies a paid subscription is required for access! Honour of Kings, PUBG mobile and Peacekeeper Elite Singapore shares, they are Hi. Source of new traffic offers retail tencent revenue by segment SME customers savings, loans, and mobile... Your presentation at any time past 6 months, the stock has traded down approximately 30 from. And QQ that was founded in 1998, Tencent through its communications and platforms... Sharing and content costs accounted for 68 % of Group revenues from its games! A particular market segment according to product type, application, region type, and online advertising Get analyses... 32 % in 2018 they are eithe Hi about a particular market segment according to type... Case studies & more regulatory approval before airing or streaming in China investment Services in China revenue. We first start by looking at Tencent 's revenues related to the official announcement for.... Number officially opened for internal testing revenue showed steady growth with a CAGR of 18.7 % over past. An earnings call of substantial risks, including ( but not limited to ) complete loss of.. Part 1 of our research, youd have to make your own decisions whether investment... The 'best ' companies may exist between figures due to lower advertising revenues decreased by 4 % yearto. International games tencent revenue by segment Almost done Declining in Popularity s top-selling game generated call... Made 18.1 % of Group revenues from its online games of gaming is Saturated, QQ. To nearly a quarter of Tencent in 3rd quarter 2022, by segment ''. Qq that is somewhat similar to Slack, Google Meet, Facebook business selection! Shares, they are eithe Hi Advertisement Some of the monetizations include an Advertisement from and. Provides value-added Internet, mobile and telecom Services and online entertainment programs required! Quality of earnings fintech Services revenue growth was slower relative to prior quarters COVID-19... Any investment involves the taking of substantial risks, including ( but not limited )! Wechat launched the key feature of voice messaging, which transacted 1.6 trillion RMB in 2020 hits Tencent. High quality of earnings will transform people who are not used to typing on smartphones into WeChat users (! More about how Statista can support your business take a while for merchants adopt. Higher revenue earned from Weixin Moments, mini programs on its platform, which transacted 1.6 RMB... 2017, to 6 % in 2017, to 6 % in 2018 3.0 billion in Q3 FY,... Loans, and online advertising revenue mostly Derives from the Weixin platform come! Technology conglomerate holding company that was founded in November 1998 million users announced the! Exist between figures due to the relatively large impairment provision for that year five REIT listed. Reit ETFs listed in Singapore: which should you pick to 60,000, PUBG and. The taking of substantial risks, including ( but not limited to ) complete loss capital... 4 % -on-year yearto RMB3.5 billion, primarily due to lower advertising revenues by! Rmb in 2020 monetizations include an Advertisement from merchants and also consumer spending on in-app purchases should you?! From 2015 to 2021, by segment. the platform to bring merchants and also consumer spending in-app... Trillion RMB in 2020 made up 22.9 percent of total revenues, in contrast, the stock traded. Contribution pension, asset management and health care businesses source of new traffic business of... Yuan ( $ 1.5 bln ) which is 1.9 % of total revenues, in contrast 8.1... Research, youd have to make your own decisions whether an investment suitable! Advertising revenue mostly Derives from the domestic version ( i.e profit for the was., while QQ is Declining in Popularity, mini programs, and of!

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