During the last reported year, Tencent Holdings Limited generated 52 percent of its. Its live streaming of game content includes e-sport tournaments such as League of Legends, King of Glory, and Peacekeeper Elite. If you are an admin, please authenticate by logging in again. Almost done! Notify me of follow-up comments by email. 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. May 23, 2022 The Chinese entertainment tycoonTencent reported a total revenue of 174.3 billion yuan from online games in 2021. One of the main drawbacks the company has is its weak marketing strategies. Press release - DeepResearchReports - Global Short Video Ads Solution Market Emerging Trends, Segment Analysis and Industry Forecast 2023 - 2029 - published on openPR.com Chinese tech giant Tencent recorded a total revenue of 273.6 billion yuan (US$42.3 billion) for the first half of 2021, a 23% increase from H1 2020's revenue of 222.9 billion yuan (US$34.5. 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). The ideal entry-level account for individual users. 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. On 3 April 2020, Tencent acquired 16.5 million Class B ordinary shares of Huya Inc. for US$262.6 million. This statistic is not included in your account. Since its founding, Tencent has found new income streams including high-performance advertising, gaming, digital content, and fintech services. Chapter 9 Key Companies Breakdown by Overall Market Size & Revenue by Type Chapter 10 Business / Industry Chain (Value & Supply Chain Analysis) Chapter 11 Conclusions & Appendix As of 23 November 2020, Tencents market capitalisation stood at HK$5.6 trillion. Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) [Graph]. Financial content machine. Tencent Holding annual revenue for 2020 was $69.851B, a 27.95% increase from 2019. Business Solutions including all features. Use Ask Statista Research Service. Revenue came in at 144.18 billion yuan ($22.62 billion), up 8% year-on-year. A paid subscription is required for full access. Tencent revenue has been posting strong growth over the past 5 years. Nice to finally get a bit of clarity into how the mysterious 'others' revenue segment is broken down. Tencent's annual revenue for 2021 was up 16% compared to the previous year, slowing from the 28% growth it recorded in 2020. Management points out a general increasing trend in advertiser demand for the Weixin platform, while advertising revenue from Tencent's media platforms (e.g. Cloud Services. The evolution of Tencent's investment portfolio (comprising of mostly private but also public companies recorded on the asset side of the balance sheet - see Part 1) and the fair value of the company's holdings in publicly listed companies is consistent with management's historical strategy of acquiring promising private companies and growing them until they become public. On January 21, 2011, WeChat was officially released. In, Tencent. March 23, 2022. The market tends to be driven solely by the domestic players in the near-term I help EdTech, FinTech and Technology companies break through growth stagnation by creating AI-first, data driven products, market expansion, and global strategic partnerships. ", 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. Baidu Inc. BIDU. Your email address will not be published. The launch date is still unknown and it will take a while for merchants to adopt the new digital currency if launched. Please create an employee account to be able to mark statistics as favorites. Are you interested in testing our business solutions? 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. . 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Currently, you are using a shared account. Dividend investor. They also acquired another one million Class B ordinary shares of Huya Inc. from Mr. Dong Rongjie, CEO of Huya Inc. (price undisclosed). 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. 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. ) (March 23, 2022). Alibaba Cloud Computing Revenue Growth Rate in . By region, North America had the highest share . Tencents business model: How Tencent makes money. interchangeably. If you are an admin, please authenticate by logging in again. Currently, you are using a shared account. 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. adult classes and additional interest classes such as sports or music can still be advertised), #5: Individual Revenue Contributions Remain Undisclosed For FinTech and Cloud Computing. Weixin). 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). #3: Domestic Games Contributed To Nearly A Quarter Of Tencent's Total Revenues, In Contrast To 8.1% For International Games. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. Revenue. Tencent Holdings Limited is headquartered in Shenzhen, the People's Republic of China. In 2019, Tencent derived 53% of group revenues from its VAS businesses. In 2019, Tencent generated RMB15.5 billion in media advertising revenues, a 15.4% decline from RMB18.3 billion in 2018. With inflation soaring, consumers became more frugal with their spending. Sales from mobile games grew 13%. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. On January 22, the Tencent WeChat team announced that the WeChat video number officially opened for internal testing. 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. Values have been rounded. Its largest segment is Services, which accounted for 68% of total revenues in fiscal 2019. [Online]. Merchants increase channels and sales, and users are more convenient. "FinTech Services revenue growth was slower relative to prior quarters as COVID-19. Tencent's first quarter revenue across all business segments fell by 0.12% from a year ago to 135.47 billion yuan also coming in below FactSet estimates for 140.82 billion yuan. Revenue of Microsoft broken down by segment 2012-2022, Amazon Web Services: Annual revenue 2013-2022. The FinTech and business services segment refers to revenue generated from Tencent's financial technology (FinTech) business, cloud computing initiatives, and other business services. Are you interested in testing our business solutions? In 2021, Tencent generated revenues of approximately 291.6 billion yuan from the internet value-added services segment such as online games. In contrast, Media Advertising accounted for only 2.4% of total revenue and 15% of online advertising revenue. It further helps to keep you ahead of your business competitors. Please check your download folder. Statista. Tencents VAS comprise two sub-segments Gaming and Social Network. statistic alerts) please log in with your personal account. March 23, 2022. Tencent reported its slowest quarterly revenue growth on record in the fourth quarter of 2021. Access to this and all other statistics on 80,000 topics from, Show sources information If th Hi CG, If you currently own Singapore shares, they are eithe Hi! In this note we discuss Electronic Arts' business model, its revenue segments, sales trends, and forecast. *not all forms of online education are banned from advertising (e.g. 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. During the second quarter of 2020, the company posted net sales (revenue) of RMB 114.83 billion. A paid subscription is required for full access. Transportation via Didi Chuxing, train tickets, WeChat wallet that people purchase their daily needs via the app. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Tencent increased revenues 25 per cent year on year to Rmb135bn ($21bn) during the quarter, led by strong growth at its fintech and business services unit, which includes its ubiquitous mobile. in 2021 and the total revenue is expected to grow at 5.5% (CAGR) through 2022 to 2029, reaching US$ 25.63 Bn.Pune, Feb. 27, 2023 (GLOBE . Zhang recognized there is a gap in a short video content as WeChat has become very textbase in the public account. Analysis As a Premium user you get access to the detailed source references and background information about this statistic. He led a team of fewer than 10 people and developed the first version of WeChat in less than 70 days. Profit from the additional features of your individual account. Regular host and presenter of a weekly financial webinar with KCLau.com. 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. Revenue from this segment grew 1% year-on-year to 42.2 billion yuan, a slowing from the quarter before. In this article, Ill summarise Tencents business segments, financial performance, and its recent investment in Huya. As a Premium user you get access to background information and details about the release of this statistic. 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. "Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan)." Tencent Video Subscriptions: This segment contributes an estimated RMB 9.6 bln ($1.5 bln) which is 1.9% of revenues. statistic alerts) please log in with your personal account. Required fields are marked *. 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. You need a Statista Account for unlimited access. (March 23, 2022). #4: Tencent's Online Advertising Revenue Mostly Derives From The Weixin Platform. As soon as this statistic is updated, you will immediately be notified via e-mail. Their daily needs via the app quot ; fintech Services revenue growth on record in the public.... 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