It further helps to keep you ahead of your business competitors. Sales from mobile games grew 13%. As the graph below suggests, Tencent's investment portfolio has generally been producing increasing returns each year with a most recent return of 17.4% in 2021. 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. On January 22, the Tencent WeChat team announced that the WeChat video number officially opened for internal testing. Its various subsidiary companies include Tencent Music Entertainment, Tencent Sports, and Tencent AI. We turn to examine Tencent's additional reported business metrics: (1) the number of users on its Weixin, WeChat, and QQ platforms (see Part 1), and (2) the number of paid subscriptions the company has on its media platforms. 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. Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) [Graph]. It is social, free and popular on mobile -- the fastest growing segment of gaming. Weixin). Get full access to all features within our Business Solutions. 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. Merchants increase channels and sales, and users are more convenient. In 2021, Tencent generated revenues of approximately 291.6 billion yuan from the internet value-added services segment such as online games. Rich functions and interesting gameplay make QQ one of the most popular social platforms for young users in China. This business is the key contributor of growth to its online advertising revenues as it achieved a CAGR of 57.1% over the past four years in revenues from RMB8.7 billion in 2015 to RMB52.9 billion in 2019. 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 segment made up 22.9 percent of total revenues. Note: offline and online entertainment programs are required to obtain regulatory approval before airing or streaming in China. WeChat has 3.2 million mini programs on its platform, which transacted 1.6 trillion RMB in 2020. As a result, shareholders earnings have increased from RMB5.2 billion in 2009 to RMB93.3 billion in 2019. Chart. In October 2010, Tencent Guangzhou R & D Center began to develop WeChat ( pronounced as Wei Xin in Chinese). 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. Social Network. He led a team of fewer than 10 people and developed the first version of WeChat in less than 70 days. Over the past 6 months, the stock has traded down approximately 30% from $100/share. It can be used without downloading and installing. 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 contrast, Media Advertising accounted for only 2.4% of total revenue and 15% of online advertising revenue. MOBA segment, League of Legends, and Honor of Kings are the 2 major hits for Tencent. 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. Revenue of Microsoft broken down by segment 2012-2022, Amazon Web Services: Annual revenue 2013-2022. "Revenue of Tencent in 3rd Quarter 2022, by Segment (in Billion Yuan). Nice to finally get a bit of clarity into how the mysterious 'others' revenue segment is broken down. 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. Please do not hesitate to contact me. Use Ask Statista Research Service. Tesla). The company generated a net income of 21B ($2.99B) for the period, down 10% from 23.4B ($3.32B) in the same period in the previous year. the user can follow the business page and do not need to download the mini program. The Spot on, Jones! For the full year, revenue in the segment was up 3% to $1.33 billion. Dividend Machines 2023 is open! . 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. Tencent just repurchased shares, a rarity for the company Finally, an announcement Thursday and Friday might have slipped under the noses of investors. 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. Nvidia Corporation is an American multinational technology company. Management claims that the decline in QQ's smart device MAU is due to Tencent's purging of spam and bot accounts, although we think that consumer switching from QQ to Weixin also plays a role as users migrate from the more PC-oriented QQ platform to mobile-friendly Weixin (see Part 1). Tencent Holding annual/quarterly revenue history and growth rate from 2011 to 2021. Register in seconds and access exclusive features. Note: slight discrepancies may exist between figures due to rounding. You need at least a Starter Account to use this feature. Founded in 1998, Tencent connects over one billion users through its communications and social platforms, namely Weixin and QQ. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Tencent's first quarter revenue across all business segments fell by 0.12% from a year ago to 135.47 billion yuan also coming in below FactSet estimates for 140.82 billion yuan. Please do not hesitate to contact me. This statistic is not included in your account. Users can chat with friends anytime, anywhere, videos, emoticons, other personalized themes for users, make new friends with similar interests here via groups. In 2021, Tencent recorded total revenue of RMB560.1 billion and operating income of RMB271.6 billion Domestic Games accounted for 23% of Tencent's total revenue and 74% of revenue from the gaming segment in 2021. As a Premium user you get access to background information and details about the release of this statistic. Tencent reported its slowest quarterly revenue growth on record in the fourth quarter of 2021. support@swotandpestle.com; . If you are an admin, please authenticate by logging in again. Alibaba Cloud Computing Revenue Growth Rate in . Weixin). Gaming. 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. Riot Games' Teamfight Tactics enhanced 2) Discuss whether the company operates as one or multiple business segments, list any business segments, and explain which business segment will be the focus of your paper (see below). 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. Revenues have increased from RMB622 million in 2013 to RMB108.9 billion in 2019. Please do not hesitate to contact me. The index is also a selection of the 'best' companies. 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. 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 Copyright 2023 The Fifth Person. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. "FinTech Services revenue growth was slower relative to prior quarters as COVID-19. Note: for the purposes of this article and series, we use the terms Weixin and WeChat interchangeably. . In 2019, Tencent made 18.1% of group revenues from online advertising. [Online]. Tencent's annual revenue for 2021 was up 16% compared to the previous year, slowing from the 28% growth it recorded in 2020. 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. . Tencent Holding annual revenue for 2020 was $69.851B, a 27.95% increase from 2019. The company disclosed the figures related to its fintech and business service revenue for the first time in its 2019 financial report with restated 2018 figures. Transportation via Didi Chuxing, train tickets, WeChat wallet that people purchase their daily needs via the app. In this article, we walk through Tencent's financial statistics and business metrics. Please Select Your Region To Receive Customized Content, Your information is safe and secure with us, Almost done! In the six-year period, online advertising revenues have grown at a CAGR of 54.5% over the past six years from RMB5.0 billion in 2013 to RMB68.4 billion in 2019. Need help with Tencent SWOT & PESTLE Analysis? Tencent has continued to report growth in group revenues and shareholders earnings in Q1 and Q2 2020 during the peak of the pandemic. As mentioned in Part 1, the VAS segment is broken down into: (1) domestic games, (2) international games, (3) communication and social, and (4) digital content, while the Online Advertising segment comprises of the two sub-segments: (1) social and other advertising, and (2) media advertising. 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). Tencent Holdings Estimates* in CNY Yearly Quarterly * Average Estimates in Million (e.g. #3: Domestic Games Contributed To Nearly A Quarter Of Tencent's Total Revenues, In Contrast To 8.1% For International Games. Profits. Are you interested in testing our business solutions? 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. We dont make any recommendations on whether a security is a buy (or sell) as every investor has different investment goals and risk profiles. Successful WeChat Mini Programme. In 2019, these businesses contributed 28.9% of group revenues to Tencent. Profit from the additional features of your individual account. Are you interested in testing our business solutions? According to Tencent 's latest financial reports the company's current revenue (TTM) is $83.64 B . Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. We think this market is very close to saturated given China's total 1.4 billion population. 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. * The revenue from smartphone games included the amount attributable to Tencent's social networks business. 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. 16.5 million Class B ordinary shares of Huya Inc. for US$262.6 million, acquire 30 million Class B ordinary shares of Huya Inc. for US$ 810 million from JOYY. We have also set the operating . 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. Tencent attained a CAGR of 36.8% over the past six years in Social Network revenue, up from RMB13.0 billion in 2013 to RMB85.3 billion in 2019. At the current price of nearly HKD600, is Tencent still a good buy? Access to this and all other statistics on 80,000 topics from, Show sources information Currently, you are using a shared account. 4 From the third quarter of 2021, we disclose revenues from Domestic Games and International Games as new sub-segments under You can only download this statistic as a Premium user. The key to success on this front is a strong product portfolio that covers a broader customer base, according to Li. We examine this more granular breakdown below. Currently, you are using a shared account. 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. 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