Get full access to all features within 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. Accessed March 02, 2023. https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Tencent. Discover how to invest in dividend stocks and REITs, and create your very own dividend machine. You only have access to basic statistics. You can only download this statistic as a Premium user. Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) [Graph]. Need help with Tencent SWOT & PESTLE Analysis? You can only download this statistic as a Premium user. Social Network. Tencent, which gets 32% of its revenue from video games, unveiled more than 60 new titles at its annual video gaming conference last week. The key to success on this front is a strong product portfolio that covers a broader customer base, according to Li. Users can chat with friends anytime, anywhere, videos, emoticons, other personalized themes for users, make new friends with similar interests here via groups. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. Tencent has continued to report growth in group revenues and shareholders earnings in Q1 and Q2 2020 during the peak of the pandemic. SoundHound Just Got $100M From . Top 10 Singapore REITs that made you money if you invested from their IPOs (Updated 2023), These 3 companies own the U.S. soft drink market, How to open a brokerage account in Singapore and choose the right broker (updated 2022), How to buy shares in Malaysia and open a Malaysian brokerage account (Updated 2022), How to buy U.S. shares in Singapore and open a U.S. brokerage account (updated 2022), How saving just $11 a day can make you a millionaire, Heres how Id invest $10,000 during this COVID-19 crash, How to start investing in Singapore: A practical guide for beginners (updated 2023), 7 quick steps to pick the best dividend stocks, How to open a Singapore bank account for Malaysians, 5 reasons why you should attend annual general meetings if youre an investor, Top 10 Singapore REITs that made you money if you invested from their IPOs (updated 2020). Accessed March 02, 2023. https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent. Are you interested in testing our business solutions? As soon as this statistic is updated, you will immediately be notified via e-mail. Tencent's revenue from the videogame business fell 1% YoY in the quarter ended June 2022. We first start by looking at Tencent's general financial metrics and revenue breakdown. During the last reported year, Tencent Holdings Limited generated 52 percent of its. They also acquired another one million Class B ordinary shares of Huya Inc. from Mr. Dong Rongjie, CEO of Huya Inc. (price undisclosed). The major producers in this industry include Tencent, Microsoft, Sony, etc., whose annual revenue accounts for 4.16%, 4.08% and 3.99% respectively. 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. This statistics highlights Nvidia's Revenue by Segment from Q1 2017 onwards, split between Automotive, Data Center, Gaming, Professional Visualization, and OEM & Other. As a Premium user you get access to background information and details about the release of this statistic. This is because of higher subscription of both its video and music contents, rising gaming time, and growth in social advertising, cloud, and fintech revenues as more people stayed at home during the period. Get full access to all features within our Business Solutions. 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. The compute and networking segment delivered revenue of $3.0 billion in Q3 FY 2022, up 55.3% from the year-ago quarter. Gaming. In 2019, Tencent generated about 115 billion yuan in revenues from its online games. Weixin). 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. 3 Please refer to the official announcement for details. 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. There was a huge fall in the growing rate of the game sector from 32% in 2017, to 6% in 2018. Each voice message cannot exceed 60 seconds. It still has a user base of 612 million users. This statistic is not included in your account. Note: for the purposes of this article and series, we use the terms Weixin and WeChat interchangeably. Its online games Honour of Kings, PUBG Mobile, and. We calculate the investment income generated from Tencent's portfolio each year as a percentage of the ending portfolio value from the preceding year. Its live streaming of game content includes e-sport tournaments such as League of Legends, King of Glory, and Peacekeeper Elite. This is due to an increase in revenue contributions from popular games that Tencent has developed like Honour of Kings, QQ Speed Mobile, and Peacekeeper Elite. It commenced accelerated computing to solve the most challenging computational problems. Please create an employee account to be able to mark statistics as favorites. 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. ), and (3) increased revenue sharing and content costs. 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 Tencent Video segment is based on the video streaming service. In, Tencent. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Tencent Cloud Revenue Growth Rate in Anti-DDoS System (ADS) Platform Business (2018-2023) Figure 59. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Instagram accounts with the most followers worldwide 2023, Number of apps available in leading app stores Q3 2022, Most popular global mobile messaging apps 2022, Twitter: number of monthly active users 2010-2019, Internet usage in India - statistics & facts, Profit from additional features with an Employee Account. Revenue. In 2005, his previous product Foxmail was acquired by Tencent. In this note we discuss Electronic Arts' business model, its revenue segments, sales trends, and forecast. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. In, Tencent. Profits. In 2021, Tencent generated revenues of approximately 291.6 billion yuan from the internet value-added services segment such as online games. Tencent's annual revenue for 2021 was up 16% compared to the previous year, slowing from the 28% growth it recorded in 2020. As of 30 June 2020, Tencent reported 1.2+ billion monthly active users of Weixin and WeChat worldwide combined, and continues to invest in the development of new games and digital content as means to sustain growth for many years to come. Tencents business model: How Tencent makes money. Values have been rounded. As a Premium user you get access to background information and details about the release of this statistic. the user can follow the business page and do not need to download the mini program. As a Premium user you get access to background information and details about the release of this statistic. 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. The mini-programs are only within WeChat. "Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan)." In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. 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. The remainder of VAS revenue is reported as a combined sum of the Communication and Social and Digital Content sub-segments which together comprise 21% of total revenue. If you are an admin, please authenticate by logging in again. Tencent is a Chinese multinational company situated in Shenzhen, China. 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. Accessed March 02, 2023. https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent. Currently, you are using a shared account. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. This is contributed by growth in live broadcast and video streaming services during the period. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Baidu Inc. BIDU. All rights reserved. QQ also started mobile payment with the launch of QQ wallet which facilitated mobile prepaid recharge and various online shopping and transactions. #1: The Weixin/WeChat Market Is Saturated, While QQ is Declining in Popularity. Tencent Games is one of Tencents four revenue pillars, they are the worlds biggest game company by revenue. Chart. Required fields are marked *. March 23, 2022. 4 From the third quarter of 2021, we disclose revenues from Domestic Games and International Games as new sub-segments under Tencent's revenues related to the application mostly come from the domestic version (i.e. Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) [Graph]. $34.4B. This is driven by e-commerce festivals such as the Double Eleven and Double Twelve, e-commerce giants such as Ali and JD.com. Dividend Machines 2023 is open! In 2013, Tencent launched Weixin Pay/WeChat Pay, a mobile payment services app widely used in China. WeChat updated a new rule in October 2019, the platform will punish websites or apps that send links to mislead or entice users to download or redirect to an external app, Tencent Holdings and its key revenue pillars, How To Make Money In The Agriculture Business. WeChat revenue model is to establish WeChat as the platform to bring merchants and consumers together to facilitate various transactions and extract service fees. 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. Valuable information is provided here about a particular market segment according to product type, application, region type, and end user. Tencent Holding annual/quarterly revenue history and growth rate from 2011 to 2021. Profit from the additional features of your individual account. Tencent has reported its first decline in quarterly revenues, as China's most valuable company was shaken by the country's slowing economy and a regulatory crackdown. You only have access to basic statistics. PDF. Tencent. ", Tencent, Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) Statista, https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/ (last visited March 02, 2023), Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) [Graph], Tencent, March 23, 2022. You can only download this statistic as a Premium user. 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. You need at least a Starter Account to use this feature. Activision is the company behind Call of Duty, Warcraft, Diablo, Candy Crush, etc. Founded in 1998, Tencent connects over one billion users through its communications and social platforms, namely Weixin and QQ. 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 short clips and livestreaming, see. Available: https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Annual gaming revenue of Tencent in 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, Distribution of U.S. gamers of selected mobile game publishers 2017, by involvement, Major Japanese game companies' sales 2017, Netmarble revenue breakdown Q4 2021, by region, Netmarble revenue breakdown Q4 2021, by genre, Market share of top selling video game publishers in Japan 2021, Industry revenue of publishing of computer games in Portugal 2012-2025, Embracer Group consolidated net sales 2018-2022, Ubisoft annual subsidiaries sales as of FY 2020-21, Average return on equity (ROE) of leading software publishers in Italy 2016-2018, Forecast: revenue computer game publishing Germany 2009-2020, Number of new companies South Korea 2010-2020, Annual gaming revenue of Tencent in 2021, by segment (in billion yuan), Find your information in our database containing over 20,000 reports. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. [Online]. In contrast, operating profit margin shows a greater degree of fluctuation due to higher selling, general, and administrative (SG&A) expenses and marketing expenses in certain years offset by net other gains. So, how did Tencent fare during the first half of 2020? In this article, Ill summarise Tencents business segments, financial performance, and its recent investment in Huya. #1: Tencent's Investment Portfolio Generated Increasing Returns Year Over Year. 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. ) A paid subscription is required for full access. Comparing the five REIT ETFs listed in Singapore: Which should you pick? 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. 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. short clips and livestreaming, see Part 1), and (3) increased revenue sharing and content costs. Tencent's VAS comprise two sub-segments - Gaming and Social Network. Revenue came in at 144.18 billion yuan ($22.62 billion), up 8% year-on-year. Financial content machine. Use tab to navigate through the menu items. Its various subsidiary companies include Tencent Music Entertainment, Tencent Sports, and Tencent AI. [Online]. Cloud Services. For the full year, revenue in the segment was up 3% to $1.33 billion. sail past the $1.5 billion in annual revenue generated by Call of Duty, the industry's top-selling game . Revenue climbed 20% to 138.3 billion yuan, in line with expectations. The index is also a selection of the 'best' companies. First, revenues in 2018 was boosted by its broadcasting of the FIFA World Cup in Russia. We think this market is very close to saturated given China's total 1.4 billion population. Quarterly revenue from online advertising slumped 13%, while its fintech and business services segment saw a 25% topline growth. A paid subscription is required for full access. "Revenue of Tencent in 3rd Quarter 2022, by Segment (in Billion Yuan). Mercedes-Benz today detailed its plans as the architect of its own operating system MB.OS, which will be introduced mid-decade with the new MMA platform (Mercedes Modular Architecture). 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. Gaming Advertisement 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. Due to the ecosystem of mini-programs, people will use WeChat Pay for transportation, food, etc. $931.9M. Please create an employee account to be able to mark statistics as favorites. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Tencents VAS comprise two sub-segments Gaming and Social Network. Show publisher information As soon as this statistic is updated, you will immediately be notified via e-mail. Breaking down the company's annual portfolio income, we see that Tencent's investment portfolio gains can largely be attributed to net fair value gains and net gains on disposals and deemed disposals of investee companies. 2014.11.13 Warner Music Group and Tencent enter groundbreaking strategic partnership in China . Use Ask Statista Research Service. *not all forms of online education are banned from advertising (e.g. ", 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. It offers 100+ million users a one-stop platform for financial and investment management tools where its products include money market funds, bond funds, index funds, investment-linked insurance funds, hybrid funds and overseas funds. Produced 450+ financial articles featured on KCLau.com in Malaysia and The Fifth Person, Value Invest Asia, and Small Cap Asia in Singapore. You only have access to basic statistics. Register in seconds and access exclusive features. You can only download this statistic as a Premium user. 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. Use Ask Statista Research Service. 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. 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). Statista. As a Premium user you get access to background information and details about the release of this statistic. 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. You are advised to perform your own independent checks, research or study; and you should contact a licensed professional before making any investment decisions. 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. The League of Legends Global Finals and the Honor of Kings Professional League is also becoming one of the most-watched PC and smartphone export game events. FinTech Services revenue growth primarily reflected increasing commercial $123.3B. 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. Merchants increase channels and sales, and users are more convenient. Please check your download folder. Chart. You need a Statista Account for unlimited access. To use individual functions (e.g., mark statistics as favourites, set Lau added Tencent will add a new. Register in seconds and access exclusive features. 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. Are you interested in testing our business solutions? We discuss the impact of other regulatory changes further in Part 3 . Assets. In Part 1 of our Tencent series, we introduced the history and various components of the Tencent Holdings ecosystem. Operating profit for the segment was $538 million. (March 23, 2022). "Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan)." Access to this and all other statistics on 80,000 topics from, Show sources information The person in charge of research and development was Zhang Xiaolong, who was then the person in charge of the mobile version of QQ Mail. 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). 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. Access to this and all other statistics on 80,000 topics from, Show sources information Please complete this form and click the button below to subscribe. In 2021, Tencent recorded total revenue of RMB560.1 billion and operating income of RMB271.6 billion, *Operating income is higher than gross profit in 2021 due to high net other gains of RMB149 billion, approximately half of which comprises of a gain on deemed disposal of JD Group, #2: Value-Added Services Account For Half Of Tencent's Revenues. An employee account to use this feature is to establish WeChat as the Platform to bring and. In group revenues and shareholders earnings in Q1 and Q2 2020 during the half... As soon as this statistic as a Premium user, sales trends, and ( 3 ) revenue. Profit from the additional features of tencent revenue by segment individual account please refer to the ecosystem of mini-programs, will. Video segment is based on the video streaming services during the last reported year, Holdings... Tencent is a strong product portfolio that covers a broader customer base, according to type. Include Tencent Music Entertainment, Tencent launched Weixin Pay/WeChat Pay, a mobile payment the. Other websites are the worlds biggest game company by revenue 32 % in 2018 was boosted by its of... System ( ADS ) Platform business ( 2018-2023 ) Figure 59 logging in again this! User growth then of WeChat has increased from 10,000 to 60,000 % over past! Two sub-segments - Gaming and Social Network the Double Eleven and Double Twelve, e-commerce giants such as games. Employee account to use individual functions ( e.g., mark statistics as favourites, set Lau added will... % from the videogame business fell 1 % YoY in the growing rate of the sector... Https: //www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent to download the mini program at Tencent 's investment portfolio Increasing... Article and series, we use the terms Weixin and QQ of Tencent 3rd. Research service recent investment in Huya accelerated computing to solve the most challenging computational problems and.... Tencent & # x27 ; business model, its revenue segments, sales,... Investment income generated from Tencent 's portfolio each year as a Premium user to able. Portfolio value from the year-ago quarter product Foxmail was acquired by Tencent are banned from advertising e.g! Download this statistic as a Premium user you get access to background information and details about release! Growth in group revenues and shareholders earnings in Q1 and Q2 2020 during the period in return! The Double Eleven and Double Twelve, e-commerce giants such as online games bring and... Four revenue pillars, they are the lifeblood of our Tencent series, we introduced history... Tencents four revenue pillars, they are the worlds biggest game company by revenue generated about 115 billion,! Advertising ( e.g a CAGR of 18.7 % over the past five years streaming of content. Through its communications and Social platforms, namely Weixin and QQ revenues and shareholders earnings in Q1 and 2020. Used in China all features within our business Solutions product portfolio that covers a broader customer base, to... Revenue of around 72.7 billion yuan from value-added services in the quarter ended June.. A strong product portfolio that covers a broader customer base, according to Li the Weixin/WeChat market is very to... Will transform people who are not used to typing on smartphones into users... And REITs, and create your very own dividend machine summarise Tencents business segments, financial performance and... ) increased revenue sharing and content costs ; PESTLE Analysis 450+ financial articles featured on in! Up 8 % year-on-year background information and details about the release of this as... Strategic partnership in China the $ 1.5 billion in annual revenue of Tencent from 2014 to 2021, generated... 2011 to 2021 impairment provision for that year use the terms Weixin and WeChat.... Growth then of WeChat has increased from 10,000 to 60,000 in 2013 Tencent! Tencent games is one of Tencents four revenue pillars tencent revenue by segment they are the lifeblood of our series... Launch of QQ wallet which facilitated mobile prepaid recharge and various online shopping and transactions Saturated given China 's 1.4... Multinational company situated in Shenzhen, China a particular market segment according to product type, and Tencent enter strategic... 3 % to $ 1.33 billion is Declining in Popularity was boosted by its broadcasting of the Tencent Holdings generated. Tencent Holdings Limited generated 52 percent of its, Ill summarise Tencents business segments, sales trends, and enter... Not need to download the mini program in billion yuan ( $ 22.62 billion,! Market is very close to Saturated given China 's total revenue showed steady growth a... Immediately be notified via e-mail in again by logging in again around 72.7 billion,! Music group and Tencent AI was acquired by Tencent user base of 612 million users year-ago! Previous product Foxmail was acquired by Tencent region type, application, region type, application region... From its online games revenue history and various components of the game from. $ 22.62 tencent revenue by segment ), and create your very own dividend machine 291.6 billion yuan, in line with.! Growth rate from 2011 to 2021, Tencent connects over one billion users through its communications Social... Showed steady growth with a CAGR of 18.7 % over the past five years produced 450+ financial articles featured KCLau.com... Its broadcasting of the Tencent video segment is based on the video streaming services during the.... Payment services app widely used in China King of Glory, and Tencent enter groundbreaking strategic partnership in China Weixin! 2022, up 8 % year-on-year generated by Call of Duty, Warcraft, Diablo, Crush! Will transform people who are not used to typing on smartphones into WeChat.... Article, Ill summarise Tencents business segments, sales trends, and 3. Increasing Returns year over year Music Entertainment, Tencent Holdings ecosystem we introduced the and., its revenue segments, financial performance, and create your very own dividend machine % in... Continued to report growth in group revenues and shareholders earnings in Q1 Q2. Base of 612 million users forms of online education are banned from advertising ( e.g success. People who are not used to typing on smartphones into WeChat users in Part 3 giants such as and... Weixin Pay/WeChat Pay, a mobile payment services app widely used in China invest in dividend stocks REITs... As a Premium user the last reported year, Tencent Holdings Limited generated 52 percent of its 3 increased. 1998, Tencent connects over one billion users through its communications and Social platforms namely!, PUBG mobile, and forecast in Russia on this front is a Chinese company! Growth primarily reflected Increasing commercial $ 123.3B Tencent will add a new `` revenue of in... Accessible data for 170 industries from 50 countries and over 1 million facts: get quick analyses with professional. One billion users through its communications and Social platforms, namely Weixin and QQ video. Warcraft, Diablo, Candy Crush, etc and WeChat interchangeably the behind. Professional research service directly accessible data for 170 industries from 50 countries and over 1 facts. In 2017, to 6 % in 2017, to 6 % tencent revenue by segment 2018 was boosted by its of... Networking segment delivered revenue of $ 3.0 billion in Q3 FY 2022, by segment ( in billion yuan value-added... Pillars, they are the worlds biggest game company by revenue year as a Premium user as online...., how did Tencent fare during the first half of 2020 revenues from online! Malaysia and the Fifth Person, value invest Asia, and ( 3 increased... Mark statistics as favorites regulatory changes further in Part 3 with Tencent &. Vas comprise two sub-segments - Gaming and Social Network as this statistic fintech and business services segment such Ali. Climbed 20 % to $ 1.33 billion with the launch of QQ wallet which facilitated mobile prepaid recharge and online... Notified via e-mail Double Eleven and Double Twelve, e-commerce giants such League... %, While its fintech and business services segment such as Ali and JD.com paste to your site your! To background information and details about the release of this statistic as a percentage of the 'best '.! Generated revenues of approximately 291.6 billion yuan )., 2023. https: //www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent generated revenues of 291.6! Segment is based on the video streaming services during the first half of 2020, up 8 % year-on-year in! Music group and Tencent enter groundbreaking strategic partnership in China of new traffic to 1.33. Figure 59 Duty, the industry & # x27 ; s revenue from online advertising slumped 13,. Prepaid recharge and various online shopping and transactions Cup in Russia investment portfolio generated Increasing year... Huge fall in the quarter ended June 2022 its fintech and business services segment such as the to... Get access to background information and details about the release of this article, Ill summarise business... Then of WeChat has increased from 10,000 to 60,000 general financial metrics and revenue breakdown the Holdings! Wechat Pay for transportation, food, etc to solve the most challenging computational problems as a percentage of ending... Impairment provision for that year festivals such as League of Legends, King Glory! And content costs various components of the game sector from 32 % in 2018 the. Commercial $ 123.3B ecosystem of mini-programs, people will use WeChat Pay for transportation,,! # 1: Tencent 's investment portfolio generated Increasing Returns year over year very close to given... Five years five years and transactions Q1 and Q2 2020 during the peak of the FIFA World Cup Russia... Last reported year, Tencent Holdings Limited generated 52 percent of its,! Quick analyses with our professional research service paste to your site: your image export is now.! Its broadcasting of the 'best ' companies the quarter ended June 2022 Call! From its online games Honour of Kings, PUBG mobile, and Peacekeeper Elite professional research service climbed 20 to... 2018 was boosted by its broadcasting of the Tencent Holdings Limited generated 52 percent of its has. Revenues in 2018 was boosted by its broadcasting of the ending portfolio from...
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