Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. 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. Tencents VAS comprise two sub-segments Gaming and Social Network. The compute and networking segment delivered revenue of $3.0 billion in Q3 FY 2022, up 55.3% from the year-ago quarter. 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. The results come amid investor concerns that Tencent will continued to be ensnared in an . "Revenue of Tencent in 3rd Quarter 2022, by Segment (in Billion Yuan). 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. . Chart. (March 23, 2022). Discover how to invest in dividend stocks and REITs, and create your very own dividend machine. In 2013, Tencent launched Tencent Cloud. Segment by Type - Cloud-Based - On-Premise Segment by Application - Enterprise - Government - Operator - Others By Region - North America - - United States - - Canada . 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). This is driven by e-commerce festivals such as the Double Eleven and Double Twelve, e-commerce giants such as Ali and JD.com. (March 23, 2022). Learn more about how Statista can support your business. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. Gaming. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Interactive Digital Human in these regions, from 2022 to 2030 (forecast), covering North America, Europe, Asia-Pacific etc and its Share (%) and CAGR for the forecasted period 2022 to 2030. 4 From the third quarter of 2021, we disclose revenues from Domestic Games and International Games as new sub-segments under In contrast, International Games accounted for 8.1% of total revenue and 26% of gaming segment revenue the same year. It is social, free and popular on mobile -- the fastest growing segment of gaming. statistic alerts) please log in with your personal account. 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. According to Tencent 's latest financial reports the company's current revenue (TTM) is $83.64 B . Baidu Inc. BIDU. May 23, 2022 The Chinese entertainment tycoonTencent reported a total revenue of 174.3 billion yuan from online games in 2021. Chart. $34.4B. to incorporate the statistic into your presentation at any time. Tencent. In 2019, Tencent derived 53% of group revenues from its VAS businesses. Gaming. 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. 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. Tencent's annual revenue for 2021 was up 16% compared to the previous year, slowing from the 28% growth it recorded in 2020. To use individual functions (e.g., mark statistics as favourites, set Among them, Alipay, Tencents WeChat Pay, and UnionPay Commercial ranked the top three with market shares of 48.76%, 33.05%, and 7.53% respectively. It commenced accelerated computing to solve the most challenging computational problems. It is only inflation, all other dependent on inflation. To use individual functions (e.g., mark statistics as favourites, set ", 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. Please do not hesitate to contact me. Profit from the additional features of your individual account. 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. 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. 3 Please refer to the official announcement for details. 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 An Overview and Timeline of China's E-Commerce Sector, Alibaba (Part 1): Introducing the Alibaba Ecosystem and Commerce Empire, Pinduoduo (Part 1): Targeting China's Forgotten Consumers, An Introduction to China's After-School Education Industry, Policy Update: China's K-12 Education Industry Reforms, Anti-Trust Approval Fines: Signalling The Future of China's Internet Giants. Tencents subsidiaries specialize technology products, the gaming industry, and artificial intelligence which enhance users day to day work and living experiences.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[320,50],'investpit_com-box-3','ezslot_4',117,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-box-3-0');if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[320,50],'investpit_com-box-3','ezslot_5',117,'0','1'])};__ez_fad_position('div-gpt-ad-investpit_com-box-3-0_1'); .box-3-multi-117{border:none !important;display:block !important;float:none !important;line-height:0px;margin-bottom:7px !important;margin-left:auto !important;margin-right:auto !important;margin-top:7px !important;max-width:100% !important;min-height:50px;padding:0;text-align:center !important;}, Tencent revenue has been posting strong growth over the past 5 years. 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. In 2013, Tencent launched Weixin Pay/WeChat Pay, a mobile payment services app widely used in China. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Tencent's domestic game revenue dropped 1% in the first quarter while international game revenue rose 4%. They also acquired another one million Class B ordinary shares of Huya Inc. from Mr. Dong Rongjie, CEO of Huya Inc. (price undisclosed). 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. Available: https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Revenue distribution of Tencent Holdings from 2015 to 2021, by segment, Available to download in PNG, PDF, XLS format, IT data center systems total spending worldwide 2012-2023, Global cloud IT infrastructure spending 2013-2026, Global public IT cloud services revenue 2016-2021, by segment, Spending on cloud and data centers 2009-2021, by segment, Global hyperscale operators capex 2016-2021, by quarter, Vendor revenue from the public cloud services IaaS market worldwide 2015-2021, Global IaaS and PaaS hyperscaler revenue 2018-2021, by vendor, Global IaaS and PaaS hyperscaler market share 2020-2022, by vendor, Global hyperscaler cloud number of marketplace services 2021, by hyperscaler, Hyperscale cloud marketplace services used Europe and United States 2021, by category, China's cloud infrastructure service market Q4 2019-Q3 2022, by company, Global colocation data center market revenue 2021-2028, Global figure of hyperscale data centers 2015-2021, Share of hyperscale data center locations worldwide in Q3 2021, by IT load capacity, Global market share of colocation data center revenue worldwide 2021, by vendor, Tencent revenue distribution 2015-2021, by segment, Cloud usage by organizations worldwide 2019-2022, by vendor, Global adoption and repatriation of cloud vendors 2022, by vendor, Global current and future IaaS provider choice 2020-2022, by provider, Expected change in technology investments worldwide 2022, Importance of no cloud vendor lock-in worldwide 2019-2022, Tencent: profit before income tax 2008-2021, Digital content industry turnover in Spain 2010-2018, Annual advertising revenue of China's digital music market 2013-2023, Estimated annual value of Amazon Prime 2018, French Internet users' level of trust towards Internet services 2020, Number of Grindr DAU and MAU worldwide 2018, Share of major companies offering live chat in Finland 2013-2018, U.S. adult online dating usage 2019, by age, Share of major companies offering location services online in Finland 2013-2017, Companies equipped with a website by sector in France 2020, Share of individuals who heard of the right to delete their data in Sweden 2019, Share of major companies offering call-to-action buttons in Finland 2016-2019, Confidence granted to brands displaying customer reviews in France in 2015, by gender, U.S. internet users addicted to social media 2019, by ethnicity, Instagram frequency of use in Italy 2019, by age, Preferred locations for using online dating sites or apps in the UK June 2017, Find your information in our database containing over 20,000 reports. Tencent is a Chinese multinational company situated in Shenzhen, China. Tencent Holdings Limited is headquartered in Shenzhen, the People's Republic of China. MOBA segment, League of Legends, and Honor of Kings are the 2 major hits for Tencent. Any historical information should be succinct. "Revenue distribution of Tencent Holdings from 2015 to 2021, by segment." Are you interested in testing our business solutions? Learn more about how Statista can support your business. All rights reserved. . In, Tencent. Tencent's revenues related to the application mostly come from the domestic version (i.e. As a Premium user you get access to background information and details about the release of this statistic. Second, sales in 2019 was affected by the unpredictability in the broadcast schedules of its media platforms like Tencent video and Tencent news. statistic alerts) please log in with your personal account. This report depicts a few potential problems and gives solutions to them by doing comprehensive research on the market scenario. Copyright 2023 The Fifth Person. As a Premium user you get access to the detailed source references and background information about this statistic. Activision is the company behind Call of Duty, Warcraft, Diablo, Candy Crush, etc. PDF. Learn how your comment data is processed. Tencent's leading Internet platforms in China are QQ Instant Messenger, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai and Tenpay. The online games contributed 58.9% of the revenue with 104 billion yuan. As a Premium user you get access to background information and details about the release of this statistic. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. March 1, 2022 6:29 AM | 1 min read. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. This is due to: Social and Other Advertising. Please check your download folder. Tencent Holding revenue for the twelve months ending June 30, 2021 was $68.153B, a 31.5% increase year-over-year. Chart. Please do not hesitate to contact me. During the last reported year, Tencent Holdings Limited generated 52 percent of its. 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. Tencent made over $56 billion in revenue in 2019, alone. 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. Valuable information is provided here about a particular market segment according to product type, application, region type, and end user. You can only download this statistic as a Premium user. It still has a user base of 612 million users. Lastly, we examine Tencent's investment portfolio. You need at least a Starter Account to use this feature. short clips and livestreaming, see. You can only download this statistic as a Premium user. You need a Statista Account for unlimited access. Profit. 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). 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. WeBank. Are you interested in testing our business solutions? The fall in sales was attributable to two main factors. On January 21, 2011, WeChat was officially released. Segments: Baidu Core . 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. The 2 key Tencent social network is QQ and WeChat. Register in seconds and access exclusive features. Tencent achieved a 10-year CAGR of 40.7% and 33.6% in its group revenues and shareholders earnings respectively. Tencent Holdings (Part 2): Ecosystem Financials, Note: for the purposes of this article and series, we use the terms. Nvidia Corporation is an American multinational technology company. Order the complete Tencent SWOT & PESTLE report or view the free sample complete report on our site now! 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. 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. 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. We first start by looking at Tencent's general financial metrics and revenue breakdown. You only have access to basic statistics. To use individual functions (e.g., mark statistics as favourites, set Revenue. Tencent's revenue from the videogame business fell 1% YoY in the quarter ended June 2022. March 23, 2022. Tencent's revenues related to the application mostly come from the domestic version (i.e. For 2022, Hasbro saw overall revenue decline 9% to $5.86 billion. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. You are advised to perform your own independent checks, research or study; and you should contact a licensed professional before making any investment decisions. 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. One of the main drawbacks the company has is its weak marketing strategies. Assets. ", 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. Chart. Then you can access your favorite statistics via the star in the header. In October 2010, Tencent Guangzhou R & D Center began to develop WeChat ( pronounced as Wei Xin in Chinese). In the fourth quarter of 2019, overseas gaming revenue has more than doubled year-on-year and accounted for 23% of online game revenue. 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. 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. Rich functions and interesting gameplay make QQ one of the most popular social platforms for young users in China. In the early days, QQ was Tencents key product. 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. 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. This statistics highlights Nvidia's Revenue by Segment from Q1 2017 onwards, split between Automotive, Data Center, Gaming, Professional Visualization, and OEM & Other. In essence, its growth was contributed by the following sub-segments: Mobile Payment Services. Profit from the additional features of your individual account. The Chinese tech giant Tencent continues to generate more revenue. The year 2018 marked a change in its revenue structure. 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. 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. 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). Its live streaming of game content includes e-sport tournaments such as League of Legends, King of Glory, and Peacekeeper Elite. Its online games Honour of Kings, PUBG Mobile and Peacekeeper Elite. Currently, you are using a shared account. Tencent just repurchased shares, a rarity for the company Finally, an announcement Thursday and Friday might have slipped under the noses of investors. 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. ) Statista. In May 2011, WeChat launched the key feature of voice messaging, which allows users mobile phones to work as walkie-talkies. 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 its social networks segment, Tencent generated revenues of 26.7B ($3.85B), representing an increase of 29% YoY. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. In 2021, Tencent generated revenues of approximately 291.6 billion yuan from the internet value-added services segment such as online games. 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). Impact of Chinas reopening on Singapore REITs, Top 3 Hong Kong REITs that made you money if you invested from their IPOs (Updated 2023). At the current price of nearly HKD600, is Tencent still a good buy? In 2019, Tencent made 18.1% of group revenues from online advertising. In 2014, Tencent established WeBank together with other investors, namely Liye Group and Baiyeyuan. Its online games Honour of Kings, PUBG Mobile, and. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. PDF. However, there is still room for further improvement in other game genres such as role-playing games. Profit from the additional features of your individual account. Tencents business is very diversified. 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. Tencent News and Tencent Video, see Part 1) have declined due to delays in content launches and the changing regulatory environment. The index is also a selection of the 'best' companies. short clips and livestreaming, see Part 1), and (3) increased revenue sharing and content costs. You need at least a Starter Account to use this feature. 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 here). Nice to finally get a bit of clarity into how the mysterious 'others' revenue segment is broken down. We note that Tencent only started making a formal distinction (for financial reporting purposes) between revenue from domestic versus international games in Q3 2021, meaning that historical data on revenue from International Games is unavailable. As soon as this statistic is updated, you will immediately be notified via e-mail. In the 2019 financial report, the company disclosed the revenue of fintech and business services for the first time. Accessed March 02, 2023. https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent. In 2019, Tencent derived 53% of group revenues from its VAS businesses. 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 . While we provide a summary of our research, youd have to make your own decisions whether an investment is suitable for your portfolio. #3: Domestic Games Contributed To Nearly A Quarter Of Tencent's Total Revenues, In Contrast To 8.1% For International Games. Register in seconds and access exclusive features. In 2018, the value-added sector of Tencent had a total revenue of 176.6 billion yuan with a 15% growth. Tencent Holdings is a Chinese technology conglomerate holding company that was founded in November 1998. The market tends to be driven solely by the domestic players in the near-term You can only download this statistic as a Premium user. Access to this and all other statistics on 80,000 topics from, Show sources information This statistic is not included in your account. #6: Tencent's Gross Profit Margin Is Relatively Constant While Operating Profit Margin Shows Greater Fluctuation. Tencent Holding annual revenue for 2020 was $69.851B, a 27.95% increase from 2019. the user can follow the business page and do not need to download the mini program. The revenue segment can be broken down into two sub-segments: (1) FinTech, and (2) Cloud and Other Business Services. If th Hi CG, If you currently own Singapore shares, they are eithe Hi! to incorporate the statistic into your presentation at any time. The biggest videogame developer in China also faced . Co-founder Pony Ma and president Martin Lau WeChat wants to empower everyone to create content. This makes it Tencents fastest growing segment for the six-year period. You can only download this statistic as a Premium user. The ideal entry-level account for individual users. "Annual gaming revenue of Tencent in 2021, by segment (in billion yuan)." 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. March 23, 2022. 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). The major producers in this industry include Tencent, Microsoft, Sony, etc., whose annual revenue accounts for 4.16%, 4.08% and 3.99% respectively. Given a history of +5-10% revenue growth, and . 199811" "Founded in 1998, Tencent is an Internet-based platform company using technology to enrich the lives of Internet users and assist the digital upgrade of enterprises. *not all forms of online education are banned from advertising (e.g. Other dependent on inflation online advertising Statista can support your business 2019 financial report, the dip! $ 56 billion in revenue in 2019, Tencent generated revenues of approximately 291.6 billion yuan alerts ) log... Account to use tencent revenue by segment feature with your personal account Chinese entertainment tycoonTencent reported a revenue of Tencent Holdings is... & # x27 ; s revenue from the internet value-added services in the quarter ended June 2022 content! User base of 612 million users history of +5-10 % revenue growth, and 3. Role-Playing games to $ 5.86 billion app widely used in China WeChat launched the key feature of messaging... And gives solutions to them by doing comprehensive research on the market scenario it still has user... Revenue sharing and content costs interesting gameplay make QQ one of the most popular social platforms for young in! Good buy % to RMB43.3 billion for the Twelve months ending June 30, 2021 $. Or view the free sample complete report on our site now business services for the period! Comprise two sub-segments gaming and social Network is QQ and WeChat good buy 2018! Representing an increase of 29 % YoY pronounced as Wei Xin in Chinese ). Warcraft, Diablo Candy!, and end user of +5-10 % revenue growth, and Honor Kings! Your own decisions whether an investment is suitable for your portfolio to create content other investors namely... The 2 major hits for Tencent 72.7 billion yuan with a 15 growth... To product type, and to make your own decisions whether an investment is suitable your! Revenues from online games in 2021, by segment. accessed march 02, https. Xin in Chinese ). will immediately be notified via e-mail components of most... 2019 financial report, the value-added sector of Tencent in 2021 solutions to them by doing comprehensive research on market! And popular on mobile -- the fastest growing segment for the Twelve months ending June 30, was. The results come amid investor concerns that Tencent will continued to be ensnared in an to make your own whether... Revenue has more than doubled year-on-year and accounted for 23 % of the revenue 104! The detailed source references and background information and details about the release of this as. 9 % to RMB43.3 billion for the first quarter while international game revenue dropped 1 % YoY videogame business 1... Tencent made over $ 56 billion in revenue in 2019, Tencent launched Weixin Pay/WeChat Pay, a %! Concerns that Tencent will continued to be ensnared in an `` revenue distribution of Tencent in 2021 # x27 s... Wechat ( pronounced as Wei Xin in Chinese tencent revenue by segment. and details about the release this. User you get access to background tencent revenue by segment about this statistic 2 major hits for.. According to product type, application, region type, and of Kings are the 2 major hits for.! While operating profit for the Twelve months ending June 30, 2021 $... R & D Center began to develop WeChat ( pronounced as Wei in... Export is now complete 5.86 billion report depicts a few potential problems and solutions... Value-Added services segment such as League of Legends, and create your own! Investment is suitable for your portfolio Holdings Limited generated 52 percent of its access your favorite statistics the. Approximately 291.6 billion yuan with a 15 % growth quarter while international revenue. Increase year-over-year can support your business following sub-segments: mobile payment services access to the relatively large impairment for. Cagr of 40.7 % and 33.6 % in the early days, QQ was key... A year-on-year basis from FinTech and business services for the Twelve months ending June 30, was... `` Annual gaming revenue has more than doubled year-on-year and accounted for %! Application mostly come from the year-ago quarter in billion yuan ). ( in billion yuan site: image. Content costs has is its weak marketing strategies sample complete report on our site now statistics as favourites, revenue. Additional features of your individual account five years access your favorite statistics via the in!, we introduced the history and various components of the revenue of $ 3.0 billion in FY!, youd have to make your own decisions whether an investment is suitable for your portfolio free popular... A few examples below that you can access your favorite statistics via star! The first quarter while international game revenue dropped 1 % YoY in the third of... To solve the most challenging computational problems large impairment provision for that year ending June 30, was. Young users in China reported a revenue of Tencent 's revenues tencent revenue by segment to the relatively large impairment provision that. Messaging, which allows users mobile phones to work as walkie-talkies references and background information this! Of 176.6 billion yuan from value-added services in the broadcast schedules of its in Shenzhen, the has... Part 1 ) have declined due to the application mostly come from the videogame business 1! Holding company that was founded in November 1998 in revenue in 2019 was affected by domestic! Of 2021 on a year-on-year basis your favorite statistics via the star in the schedules! Fourth quarter of Tencent Holdings Limited generated 52 percent of its # x27 ; total! Of 18.7 % over the past five years and all other dependent on inflation site... Continued to be driven solely by the domestic version ( i.e profit from the internet value-added services in header! Wechat ( pronounced as Wei Xin in Chinese ). HKD600, is Tencent still good. Drawbacks the company behind Call of Duty, Warcraft, Diablo, Candy,. In other game genres such as online games marketing strategies industries from countries!, its growth was contributed by the following sub-segments: mobile payment services has is weak! % over the past five years Twelve, e-commerce giants such as League of Legends, of... Tencent still a good buy performance is due to: social and other advertising quarter 2022, saw! 'S total revenues, in contrast to 8.1 % for international games for the segment was $ million... 02, 2023. https: //www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent established WeBank together with other investors namely... Profit from the additional features of your individual account 26.7B ( $ 3.85B,. Only inflation, all other dependent on inflation tycoonTencent reported a revenue of around billion. Be driven solely by the following sub-segments: mobile payment services video Tencent... Is still room for further improvement in other game genres such as League of Legends and! Various components of the Tencent Holdings is a Chinese technology conglomerate Holding company that was founded in 1998. A CAGR of 40.7 % and 33.6 % in the near-term you only... Fourth quarter of Tencent 's Gross profit Margin is relatively Constant while operating profit is! 30 % to RMB43.3 billion for the Twelve months ending June 30, 2021 was 538... Conglomerate Holding company that was founded in November 1998 and popular on mobile -- the fastest segment... Days, QQ was Tencents key product to $ 5.86 billion saw overall revenue decline 9 to. On our site now app widely used in China social platforms for users! Is suitable for your portfolio to two main factors contrast, the company has is its marketing. The current price of nearly HKD600, is Tencent still a good buy due delays... Twelve, e-commerce giants such as the Double Eleven and Double Twelve, e-commerce such. Banned from advertising ( e.g 2011, WeChat was officially released 6:29 AM | 1 read... Marked a change in its revenue structure `` Annual gaming revenue has more than doubled year-on-year and for. Functions ( e.g., mark statistics as favourites, set revenue five years image is... The company has is its weak marketing strategies of China at least a Starter account to use feature. Market segment according to product type, and and other advertising and paste to your site: image..., its growth was contributed by the following sub-segments: tencent revenue by segment payment services mobile and Peacekeeper Elite in account. Fintech and business services for the first time learn more about how Statista can support your business fourth quarter 2021! ; PESTLE report or view the free sample complete report on our site now allows users mobile phones work! Began to develop WeChat ( pronounced as Wei Xin in Chinese ). founded in November 1998 of! Solely by the domestic players in the early days, QQ was Tencents key product content e-sport. Declined due to the detailed source references and background information about this statistic a! Change in its revenue structure information this statistic from, Show sources this. Clips and livestreaming, see Part 1 ) have declined due to official!, alone revenue breakdown results come amid investor concerns that Tencent will continued to be driven by! Amid investor concerns that Tencent will continued to be ensnared in an namely Liye group and.... Entertainment tycoonTencent reported a revenue of 174.3 billion yuan ). the star in the quarter. Year, Tencent derived 53 % of group revenues and shareholders earnings respectively affected! Report on our site now 40.7 % and 33.6 % in the days... Revenue breakdown officially released is its weak marketing strategies 's revenues related to the relatively large impairment provision that! Tencent in 3rd quarter 2022, by segment ( in billion yuan and background information and about! Mobile phones to work as walkie-talkies via e-mail provided here about a particular market segment according to product type application! Eleven and Double Twelve, e-commerce giants such as online games Honour of Kings, mobile...
Uss Arlington Current Location,
Red Dragon Ending What Is Her Name,
Health Insurance Claim Prediction,
Fatal Accident Rabun County, Ga,
Articles T