Any historical information should be succinct. Use Ask Statista Research Service. This is a win-win situation. You can only download this statistic as a Premium user. 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. You need a Statista Account for unlimited access. ", 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. The major producers in this industry include Tencent, Microsoft, Sony, etc., whose annual revenue accounts for 4.16%, 4.08% and 3.99% respectively. Riot Games' Teamfight Tactics enhanced 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. Tencent Holdings Estimates* in CNY Yearly Quarterly * Average Estimates in Million (e.g. "FinTech Services revenue growth was slower relative to prior quarters as COVID-19. The ideal entry-level account for individual users. Register in seconds and access exclusive features. In 2021, Tencent recorded total revenue of RMB560.1 billion and operating income of RMB271.6 billion Get full access to all features within our Business Solutions. WeBank. 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. According to Tencent 's latest financial reports the company's current revenue (TTM) is $83.64 B . Assets. $34.4B. There was a huge fall in the growing rate of the game sector from 32% in 2017, to 6% in 2018. Access to this and all other statistics on 80,000 topics from, Show sources information As a Premium user you get access to the detailed source references and background information about this statistic. Annual revenue of Tencent from 2014 to 2021,. Accessed March 02, 2023. https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent. Tencent Holdings Limited is an Internet service portal. Advertising revenues decreased by 25% to RMB3.2 billion, reflecting lower advertising revenues from Tencent Video and Tencent News services. 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. 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. Source: FactSet Tencent Holdings Dividend Calendar *Yield of. The 2 key Tencent social network is QQ and WeChat. interchangeably. 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. 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. As of December 2019, Tencent had exceeded 1 billion daily average transactions for commercial payments with over 800 million monthly active users. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. You only have access to basic statistics. 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). 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, ). 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. Revenue) or per share (e.g. Business Solutions including all features. 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. Comparing the five REIT ETFs listed in Singapore: Which should you pick? Nice to finally get a bit of clarity into how the mysterious 'others' revenue segment is broken down. 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. Slowing Videogaming Segment. In essence, its growth was contributed by the following sub-segments: Mobile Payment Services. MB.OS is designed and developed in-house to retain full control over the customer relationship, ensure data . 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. March 23, 2022. Sales from mobile games grew 13%. 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. In contrast, International Games accounted for 8.1% of total revenue and 26% of gaming segment revenue the same year. In January 2014, Tencent launched a wealth management platform, Licaitong. You only have access to basic statistics. If your company operates . 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. Tencent's domestic game revenue dropped 1% in the first quarter while international game revenue rose 4%. It still has a user base of 612 million users. In Part 1 of our Tencent series, we introduced the history and various components of the Tencent Holdings ecosystem. It further helps to keep you ahead of your business competitors. Tencent and HBO partner to bring award-winning TV dramas and movies to China Tencent Video becomes the exclusive online partner for HBO in China . *not all forms of online education are banned from advertising (e.g. You need at least a Starter Account to use this feature. Register in seconds and access exclusive features. "Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan)." to incorporate the statistic into your presentation at any time. Use Ask Statista Research Service. Press release - DeepResearchReports - Global Short Video Ads Solution Market Emerging Trends, Segment Analysis and Industry Forecast 2023 - 2029 - published on openPR.com The market tends to be driven solely by the domestic players in the near-term Quarterly revenue from online advertising slumped 13%, while its fintech and business services segment saw a 25% topline growth. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. You need a Statista Account for unlimited access. 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. 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. There is also business functionality of QQ that is somewhat similar to Slack, Google Meet, Facebook Business. 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. 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. You can only download this statistic as a Premium user. Chart. Chart. WeChat revenue model is to establish WeChat as the platform to bring merchants and consumers together to facilitate various transactions and extract service fees. Revenues had grown from RMB12.4 billion in 2009 to RMB377.3 billion in 2019. Note: slight discrepancies may exist between figures due to rounding. 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. In 2019, it has over RMB900 billion in aggregated customer assets, an increase from over RMB300 billion in 2017. 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. Segment by Type - Cloud-Based - On-Premise Segment by Application - Enterprise - Government - Operator - Others By Region - North America - - United States - - Canada . 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. A paid subscription is required for full access. 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. 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. WeBank is a privately-owned digital bank located in Shenzhen which offers retail and SME customers savings, loans, and investment services in China. Revenue climbed 20% to 138.3 billion yuan, in line with expectations. Access to this and all other statistics on 80,000 topics from, Show sources information One of the main drawbacks the company has is its weak marketing strategies. Statista. The ideal entry-level account for individual users. Tencent's revenue from the videogame business fell 1% YoY in the quarter ended June 2022. Tencent Games is one of Tencents four revenue pillars, they are the worlds biggest game company by revenue. As stated in Tencent's 2020 official interim report, it makes revenue from its four major lines of business as enumerated below; Segments: Baidu Core . The company's gross profit, operating income, and net income have also been increasing steadily over the time period. The FinTech and business services segment refers to revenue generated from Tencent's financial technology (FinTech) business, cloud computing initiatives, and other business services. Co-founder Pony Ma and president Martin Lau It is only inflation, all other dependent on inflation. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. 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 attained a CAGR of 36.8% over the past six years in Social Network revenue, up from RMB13.0 billion in 2013 to RMB85.3 billion in 2019. Please create an employee account to be able to mark statistics as favorites. sail past the $1.5 billion in annual revenue generated by Call of Duty, the industry's top-selling game . Tencent. As a Premium user you get access to the detailed source references and background information about this statistic. 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