Gaming. Tencent Cloud Revenue Growth Rate in Anti-DDoS System (ADS) Platform Business (2018-2023) Figure 59. As a Premium user you get access to background information and details about the release of this statistic. 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. to incorporate the statistic into your presentation at any time. Get full access to all features within our Business Solutions. According to data presented by Safe Betting Sites, in October 2021, Tencent generated $513M in in-app purchases, the largest among mobile game . Source: FactSet Tencent Holdings Dividend Calendar *Yield of. Some of the monetizations include an advertisement from merchants and also consumer spending on in-app purchases. Unfortunately, Tencent does not provide a breakdown of the FinTech and Business Services segment to distinguish between revenue contribution from the company's digital payment business and cloud computing related businesses. 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. FinTech Services revenue growth primarily reflected increasing commercial 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). If you are an admin, please authenticate by logging in again. 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. 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. Statista. 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). On January 21, 2011, WeChat was officially released. A huge part of this monetization is through WeChat mini-programs. Tencent, which gets 32% of its revenue from video games, unveiled more than 60 new titles at its annual video gaming conference last week. Valuable information is provided here about a particular market segment according to product type, application, region type, and end user. Any investment involves the taking of substantial risks, including (but not limited to) complete loss of capital. 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. Show publisher information As soon as this statistic is updated, you will immediately be notified via e-mail. $123.3B. In, Tencent. [Online]. "Annual gaming revenue of Tencent in 2021, by segment (in billion yuan)." 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. 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. Tencent Holding annual revenue for 2021 was $86.818B, a 24.29% increase from 2020. 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. ) This product launched by WeChat in January 2017 and the mini-program is a light-weight application with rich functions and simple operations embedded in WeChat. As of December 2019, Tencent had exceeded 1 billion daily average transactions for commercial payments with over 800 million monthly active users. A paid subscription is required for full access. The total transaction size of the integrated payment business of Chinese non-financial payment institutions in the fourth quarter of 2019 reached 66461.33 trillion yuan, an increase of 5.74% month-on-month. Learn more about how Statista can support your business. For businesses who need money for cash flow, and also those who need a home loan, you can get it through QQ at rong360 in China. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. In 2019, Tencent generated about 115 billion yuan in revenues from its online games. You can only download this statistic as a Premium user. support@swotandpestle.com; . Analysis 4 From the third quarter of 2021, we disclose revenues from Domestic Games and International Games as new sub-segments under March 23, 2022. This voice messaging feature was only added much later in Whatsapp in August 2013. Tencent's VAS comprise two sub-segments - Gaming and Social Network. 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. ) This is a win-win situation. To use individual functions (e.g., mark statistics as favourites, set 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. A paid subscription is required for full access. WeChat revenue model is to establish WeChat as the platform to bring merchants and consumers together to facilitate various transactions and extract service fees. . sail past the $1.5 billion in annual revenue generated by Call of Duty, the industry's top-selling game . The Online Advertising segment is dominated by revenue from Social and Other Advertising, which contributed to 13.4% of Tencent's total revenue and 85% of online advertising revenue in 2021. Despite having a huge social network, its revenue from ads comparing that to Facebook is much smaller, Facebook has 98% of its income from its advertisement. Please check your download folder. . 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. You need a Statista Account for unlimited access. "Annual Gaming Revenue of Tencent in 2021, by Segment (in Billion Yuan). Accessed March 02, 2023. https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent. 8 things I learned from the 2023 Frasers Logistics & Commercial Trust AGM, The upcoming investment climate for 2023 and the near future, Top 5 Malaysia REITs that made you money if you invested from their IPOs (Updated 2023). 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. Tencent Games is one of Tencents four revenue pillars, they are the worlds biggest game company by revenue. Hope this helps! As a Premium user you get access to the detailed source references and background information about this statistic. [Online]. Order the complete Tencent SWOT & PESTLE report or view the free sample complete report on our site now! Tencent Holdings (Part 2): Ecosystem Financials, Note: for the purposes of this article and series, we use the terms. $931.9M. The particularly large discrepancy between investment portfolio value and the fair value of publicly listed shares in 2020 is likely due to the rapid rise in Chinese stock prices that year, as well as significant increases in other stocks which Tencent held and/or still holds (e.g. 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 "Revenue distribution of Tencent Holdings from 2015 to 2021, by segment." In 2019, these businesses contributed 28.9% of group revenues to Tencent. The biggest videogame developer in China also faced . 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. Tesla). Tencent revenue has been posting strong growth over the past 5 years. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. The mini-programs are only within WeChat. Its online games Honour of Kings, PUBG Mobile and Peacekeeper Elite. Please do not hesitate to contact me. You only have access to basic statistics. Chart. 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, ). (March 23, 2022). Tencent Holding annual revenue for 2020 was $69.851B, a 27.95% increase from 2019. Financial content machine. Indeed, we see that the fair value of Tencent's holdings in publicly listed companies was initially lower than the value of its investment portfolio until 2019, during which the two converged and the fair value of public holdings eventually exceeded Tencent's balance sheet portfolio amount in subsequent years. In 2021, Tencent recorded total revenue of RMB560.1 billion and operating income of RMB271.6 billion Revenue of Microsoft broken down by segment 2012-2022, Amazon Web Services: Annual revenue 2013-2022. Profits. Note: for the purposes of this article and series, we use the terms Weixin and WeChat interchangeably. In 2019, Tencent derived 53% of group revenues from its VAS businesses. Upon completion of this transaction, Tencent would increase its voting power to 70.4% and equity stake to 51.0% in Huya Inc. Tencent has delivered stellar growth in revenue and profit over the past 10 years. Tencent Holdings is a Chinese technology conglomerate holding company that was founded in November 1998. Regular host and presenter of a weekly financial webinar with KCLau.com. Baidu Inc. BIDU. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Please check your download folder. This statistic is not included in your account. You need at least a Starter Account to use this feature. in 2021 and the total revenue is expected to grow at 5.5% (CAGR) through 2022 to 2029, reaching US$ 25.63 Bn.Pune, Feb. 27, 2023 (GLOBE . Let us take a look at Tencent key competitor by segmentif(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,600],'investpit_com-large-leaderboard-2','ezslot_6',122,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-large-leaderboard-2-0'); WeChat Pays main competitor in the payment transaction segment is AliPay from Alibaba and UnionPay Commercial. Then you can access your favorite statistics via the star in the header. The Tencent Video segment is based on the video streaming service. Lau added Tencent will add a new. However, there is still room for further improvement in other game genres such as role-playing games. You only have access to basic statistics. Access to this and all other statistics on 80,000 topics from, Show sources information SoundHound Just Got $100M From . According to management, this distinction was implemented to "[reflect] the increasing scale of Tencent's international games business". Tencent achieved a 10-year CAGR of 40.7% and 33.6% in its group revenues and shareholders earnings respectively. [Online]. 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). Get full access to all features within our Business Solutions. 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. Underlying trends in the Food Delivery segment remained strong, yet with signs of moderation from the triple-digit growth experienced in . Any historical information should be succinct. Accessed March 02, 2023. https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent. Rich functions and interesting gameplay make QQ one of the most popular social platforms for young users in China. Tencent News and Tencent Video, see Part 1) have declined due to delays in content launches and the changing regulatory environment. As a Premium user you get access to background information and details about the release of this statistic. Cite your source. This makes it Tencents fastest growing segment for the six-year period. Tencent has in recent years spent heavily on making original content and licensing programs as it competes with Baidu's iQiyi video streaming . 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. 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. Business Solutions including all features. One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). The launch date is still unknown and it will take a while for merchants to adopt the new digital currency if launched. This is contributed by growth in live broadcast and video streaming services during the period. If th Hi CG, If you currently own Singapore shares, they are eithe Hi! You need a Statista Account for unlimited access. Segments: Baidu Core . 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. short clips and livestreaming, see. 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. One yuan equals approximately 0.14 U.S. dollars and 0.14 euros (as of November 2022). Tencent made over $56 billion in revenue in 2019, alone. 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. For 2022, Hasbro saw overall revenue decline 9% to $5.86 billion.