Tencent Holdings Estimates* in CNY Yearly Quarterly * Average Estimates in Million (e.g. Currently, you are using a shared account. A huge part of this monetization is through WeChat mini-programs. In 2005, his previous product Foxmail was acquired by Tencent. short clips and livestreaming, see. In 2019, these businesses contributed 28.9% of group revenues to Tencent. Tencent's revenues related to the application mostly come from the domestic version (i.e. PDF. 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. 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. According to Tencent 's latest financial reports the company's current revenue (TTM) is $83.64 B . The first version only allows users to send texts and photos, not SMS. On January 21, 2011, WeChat was officially released. Accessed March 02, 2023. https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent. Gaming. In this article, Ill summarise Tencents business segments, financial performance, and its recent investment in Huya. Chart. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. 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. Revenues had grown from RMB12.4 billion in 2009 to RMB377.3 billion in 2019. The key to success on this front is a strong product portfolio that covers a broader customer base, according to Li. Your email address will not be published. You only have access to basic statistics. You can only download this statistic as a Premium user. It can be used without downloading and installing. Chart. 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). Please do not hesitate to contact me. Revenue. Are you interested in testing our business solutions? Notify me of follow-up comments by email. There was a huge fall in the growing rate of the game sector from 32% in 2017, to 6% in 2018. One yuan equals approximately 0.14 U.S. dollars and 0.14 euros (as of November 2022). ", 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. As the graph below suggests, Tencent's investment portfolio has generally been producing increasing returns each year with a most recent return of 17.4% in 2021. The boom in the global videogame industry slowed down after a period of pandemic-driven growth. Tencent. statistic alerts) please log in with your personal account. ), and (3) increased revenue sharing and content costs. Revenues have increased from RMB622 million in 2013 to RMB108.9 billion in 2019. In, Tencent. In the 2019 financial report, the company disclosed the revenue of fintech and business services for the first time. In, Tencent. Access to this and all other statistics on 80,000 topics from, Show sources information As soon as this statistic is updated, you will immediately be notified via e-mail. Values have been rounded. So, how did Tencent fare during the first half of 2020? The Others segment includes defined contribution pension, asset management and health care businesses. This statistic is not included in your account. As a result, shareholders earnings have increased from RMB5.2 billion in 2009 to RMB93.3 billion in 2019. As a Premium user you get access to background information and details about the release of this statistic. 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. Underlying trends in the Food Delivery segment remained strong, yet with signs of moderation from the triple-digit growth experienced in . Learn how your comment data is processed. Then you can access your favorite statistics via the star in the header. The FinTech and business services segment refers to revenue generated from Tencent's financial technology (FinTech) business, cloud computing initiatives, and other business services. 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. Show publisher information 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. Tencent Video Subscriptions: This segment contributes an estimated RMB 9.6 bln ($1.5 bln) which is 1.9% of revenues. PDF. Revenue of Microsoft broken down by segment 2012-2022, Amazon Web Services: Annual revenue 2013-2022. This is due to: Social and Other Advertising. March 1, 2022 6:29 AM | 1 min read. In a WeChat Open Class in 2020, WeChat Founder Allen Zhang announced that WeChat will soon launch a feature called short video content. 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. Note: offline and online entertainment programs are required to obtain regulatory approval before airing or streaming in China. Are you interested in testing our business solutions? QQ also started mobile payment with the launch of QQ wallet which facilitated mobile prepaid recharge and various online shopping and transactions. Indeed, we see that the fair value of Tencent's holdings in publicly listed companies was initially lower than the value of its investment portfolio until 2019, during which the two converged and the fair value of public holdings eventually exceeded Tencent's balance sheet portfolio amount in subsequent years. In, Tencent. The WeChat mini program is an application that can be used without downloading or installing. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Accessed March 02, 2023. https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Tencent. Revenue is being broken down intothe main 4 segmentsif(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,600],'investpit_com-medrectangle-3','ezslot_12',118,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-medrectangle-3-0'); QQ is an instant messaging platform launched by Tencent in February 1999this messaging tool spans the era of PC and mobile Internet. statistic alerts) please log in with your personal account. 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. 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. 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. 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. In the last six years, this segment attained a CAGR of 28.2% in revenues where it increased from RMB45.0 billion in 2013 to RMB200.0 billion in 2019. ", 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. The revenue segment can be broken down into two sub-segments: (1) FinTech, and (2) Cloud and Other Business Services. Show publisher information In 2013, Tencent launched Tencent Cloud. Management points out a general increasing trend in advertiser demand for the Weixin platform, while advertising revenue from Tencent's media platforms (e.g. In this note we discuss Electronic Arts' business model, its revenue segments, sales trends, and forecast. WeChat wants to empower everyone to create content. 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. In, Tencent. You only have access to basic statistics. Business Solutions including all features. interchangeably. Since then, it has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019. Tencent Holdings is a Chinese technology conglomerate holding company that was founded in November 1998. Alibaba Cloud Computing Revenue Growth Rate in . They also acquired another one million Class B ordinary shares of Huya Inc. from Mr. Dong Rongjie, CEO of Huya Inc. (price undisclosed). To use individual functions (e.g., mark statistics as favourites, set March 23, 2022. Tencents VAS comprise two sub-segments Gaming and Social Network. 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). 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). . He led a team of fewer than 10 people and developed the first version of WeChat in less than 70 days. WeChat revenue model is to establish WeChat as the platform to bring merchants and consumers together to facilitate various transactions and extract service fees. #1: Tencent's Investment Portfolio Generated Increasing Returns Year Over Year. 3 Please refer to the official announcement for details. The launch date is still unknown and it will take a while for merchants to adopt the new digital currency if launched. The biggest videogame developer in China also faced . WeBank. Tencent's revenues related to the application mostly come from the domestic version (i.e. "Annual gaming revenue of Tencent in 2021, by segment (in billion yuan)." You only have access to basic statistics. In contrast, Media Advertising accounted for only 2.4% of total revenue and 15% of online advertising revenue. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. 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. In 2019, Tencent generated RMB15.5 billion in media advertising revenues, a 15.4% decline from RMB18.3 billion in 2018. Gaming Advertisement "FinTech Services revenue growth was slower relative to prior quarters as COVID-19. Currently, you are using a shared account. Use Ask Statista Research Service. In 2020, Tencent made two transactions to increase its equity stake in Huya Inc., a leading live game streaming platform in China. We calculate the investment income generated from Tencent's portfolio each year as a percentage of the ending portfolio value from the preceding year. Tencent Cloud Revenue Growth Rate in Anti-DDoS System (ADS) Platform Business (2018-2023) Figure 59. Signs of moderation from the domestic version ( i.e the global videogame industry slowed down after a of! Entertainment programs are required to obtain regulatory approval before airing or streaming in China please refer to the mostly! 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