Tencent's VAS comprise two sub-segments - Gaming and Social Network. March 1, 2022 6:29 AM | 1 min read. For 2022, Hasbro saw overall revenue decline 9% to $5.86 billion. Tencent's domestic game revenue dropped 1% in the first quarter while international game revenue rose 4%. statistic alerts) please log in with your personal account. 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 online games contributed 58.9% of the revenue with 104 billion yuan. In the China Quarterly Payment Integrated Payment Market Quarterly Monitoring Report Q4 2019 report released by Yiguan shows that the total transaction size of the transactions of Chinas third-party payment institutions in the fourth quarter of 2019 reached 66,461.33 billion yuan, an increase of 5.74% from the previous quarter. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Tencent Video Subscriptions: This segment contributes an estimated RMB 9.6 bln ($1.5 bln) which is 1.9% of revenues. Statista. Access to this and all other statistics on 80,000 topics from, Show sources information 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 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. It still has a user base of 612 million users. Merchants increase channels and sales, and users are more convenient. Tesla). We discuss the impact of other regulatory changes further in, Unfortunately, Tencent does not provide a breakdown of the, Tencent's gross profit has remained relatively stable with a slight decline over the past five years due to: (1) a shift in revenue mix from the higher-margin gaming businesses towards lower margin businesses such as digital content subscriptions, livestreaming services, and cloud-related business services, (2) continued investments in strategic areas, particularly infrastructure and bandwidth to support the rapid growth of the company's video account services (e.g. We dont make any recommendations on whether a security is a buy (or sell) as every investor has different investment goals and risk profiles. 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). Revenues have increased from RMB622 million in 2013 to RMB108.9 billion in 2019. You can only download this statistic as a Premium user. According to management, this distinction was implemented to "[reflect] the increasing scale of Tencent's international games business". Specifically, Tencent repurchased 180,000. ", 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. Annual revenue of Tencent from 2014 to 2021,. 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. Access to this and all other statistics on 80,000 topics from, Show sources information Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Tencent's leading Internet platforms in China are QQ Instant Messenger, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai and Tenpay. If your company operates . Ma Huateng, president of Tencent, determined that the name of this product was called Wei Xin.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-medrectangle-4','ezslot_7',119,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-medrectangle-4-0');if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-medrectangle-4','ezslot_8',119,'0','1'])};__ez_fad_position('div-gpt-ad-investpit_com-medrectangle-4-0_1'); .medrectangle-4-multi-119{border:none !important;display:block !important;float:none !important;line-height:0px;margin-bottom:15px !important;margin-left:auto !important;margin-right:auto !important;margin-top:15px !important;max-width:100% !important;min-height:600px;padding:0;text-align:center !important;}. Zhang recognized there is a gap in a short video content as WeChat has become very textbase in the public account. November 16, 2022. 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. One yuan equals approximately 0.14 U.S. dollars and 0.14 euros (as of November 2022). Chart. Available: https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Revenue of Tencent in 3rd quarter 2022, by segment, Available to download in PNG, PDF, XLS format, Canada: number of social media users 2018-2027, Canada: social network penetration 2018-2027, Canada: yearly growth of social media users 2020-2022, Canada market share of leading social media websites 2022, Canada mobile social media visit share 2022, Leading iPhone social media apps in Canada 2022, by downloads, Leading Android social media apps in Canada 2022, by downloads, Canada: preferred social networks Q3 2021, Social media usage by platform type in Canada 2022, Social network usage by brand in Canada 2022, Social network usage by frequency in Canada 2022, Canada: time spent social media 2020-2022, Canada: distribution of social media audiences 2021, by age and gender, Leading social networks used for news in Canada 2019-2022, Canada: Meta audiences in 2022, by age and gender, Canada: number of Facebook users 2018-2027, Canada: Facebook usage penetration 2018-2027, Canada: Facebook pages user engagement rate 2021, by type of post, Canada: Facebook Messenger users 2022, by age group, Canada: Facebook Messenger users 2022, by gender, Canada: distribution of TikTok audiences 2022, by age group, Canada: distribution of TikTok audiences 2022, by gender, Twitter: distribution of Canadian audiences 2021, by gender, Most popular Twitter profiles from Canada 2021, by audience, Most popular brands on Twitter in Canada 2021, by audience, Snapchat: distribution of Canadian audiences 2022, by gender, Canada: Instagram users 2022, by age group, Digital advertising spending in North America 2022, by country, Digital Market Outlook: social media ad spend in Canada 2017-2026, by device, Expected Facebook influencers earnings in Canada, the UK & the U.S. 2021, Most popular brands on Facebook in Canada 2021, by audience, Canada: views on selected social media platforms 2021, Canada: opinions on governmental supervision of Meta Platforms 2021, Canada: belief in Facebook whistleblower claims 2021, by age group, Canada and the U.S. belief in Facebook whistleblower claims 2021, Canada: Facebook impact on quality of life 2021, Canada: social media regulation of hate speech 2021, Canada: impact of social media on debate and opinions exchange 2021, Social media marketing spending in the U.S. 2014-2019, Survey on the usage time of computer games among children in Germany 2016, Online content smartphone users read or view most often Japan 2019, by age group, Social network ad spend per user in the Middle East & Africa 2013-2016, Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan), Find your information in our database containing over 20,000 reports. Required fields are marked *. The key to success on this front is a strong product portfolio that covers a broader customer base, according to Li. According to data presented by Safe Betting Sites, in October 2021, Tencent generated $513M in in-app purchases, the largest among mobile game . Revenue climbed 20% to 138.3 billion yuan, in line with expectations. There was a huge fall in the growing rate of the game sector from 32% in 2017, to 6% in 2018. Comparing the five REIT ETFs listed in Singapore: Which should you pick? Tencents business is very diversified. to incorporate the statistic into your presentation at any time. Riot Games' Teamfight Tactics enhanced We turn to examine Tencent's additional reported business metrics: (1) the number of users on its Weixin, WeChat, and QQ platforms (see Part 1), and (2) the number of paid subscriptions the company has on its media platforms. Tencent's annual revenue for 2021 was up 16% compared to the previous year, slowing from the 28% growth it recorded in 2020. Currently, you are using a shared account. statistic alerts) please log in with your personal account. 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As soon as this statistic is updated, you will immediately be notified via e-mail. In 2019, Tencent derived 53% of group revenues from its VAS businesses. Tencent is a China-based technology company that is mainly focused on serving the Internet's various services and products. The 2 key Tencent social network is QQ and WeChat. Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) [Graph]. Tencents VAS comprise two sub-segments Gaming and Social Network. $931.9M. 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. 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. It further helps to keep you ahead of your business competitors. sail past the $1.5 billion in annual revenue generated by Call of Duty, the industry's top-selling game . Register in seconds and access exclusive features. As soon as this statistic is updated, you will immediately be notified via e-mail. Revenue from this segment grew 1% year-on-year to 42.2 billion yuan, a slowing from the quarter before. 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. Revenue came in at 144.18 billion yuan ($22.62 billion), up 8% year-on-year. You need a Statista Account for unlimited access. If you are an admin, please authenticate by logging in again. "Revenue distribution of Tencent Holdings from 2015 to 2021, by segment." 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). Your email address will not be published. Tencent's Business Segments Tencent's corporate structure is divided into six different groups. This voice messaging feature was only added much later in Whatsapp in August 2013. Tencent Holdings Limited is headquartered in Shenzhen, the People's Republic of China. reported fourth-quarter FY21 revenue growth of 9% year-on-year to $5.19 billion, beating the consensus of $5.09 billion. WeChat wants to empower everyone to create content. FinTech Services revenue growth primarily reflected increasing commercial On 3 April 2020, Tencent acquired 16.5 million Class B ordinary shares of Huya Inc. for US$262.6 million. 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 has in recent years spent heavily on making original content and licensing programs as it competes with Baidu's iQiyi video streaming . 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. The results come amid investor concerns that Tencent will continued to be ensnared in an . You need at least a Starter Account to use this feature. In contrast, International Games accounted for 8.1% of total revenue and 26% of gaming segment revenue the same year. ", 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. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. Please complete this form and click the button below to subscribe. MOBA segment, League of Legends, and Honor of Kings are the 2 major hits for Tencent. The boom in the global videogame industry slowed down after a period of pandemic-driven growth. However, more people will choose to store money in Alipay due to financial services like investment products, Yuebao, Yulibao, funds, gold, stocks, and other financial management tools.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[250,250],'investpit_com-leader-1','ezslot_15',124,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-leader-1-0'); A recent leak revealed a test version of a mobile digital currency app reportedly developed by one of Chinas largest state-owned banks, the Agricultural Bank of China. 2 key Tencent Social Network is QQ and WeChat five REIT ETFs listed in Singapore: which should pick! Should you pick it still has a user base of 612 million users, to 6 % 2018..., Tencent derived 53 % of total revenue and 26 % of the revenue with 104 billion yuan in. Key Tencent Social Network is QQ and WeChat product portfolio that covers a broader customer base, according Li! 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