This is due to: Social and Other Advertising. Tencent Holdings Limited is an Internet service portal. "FinTech Services revenue growth was slower relative to prior quarters as COVID-19. #1: The Weixin/WeChat Market Is Saturated, While QQ is Declining in Popularity. The Chinese. 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. You only have access to basic statistics. In the 2019 financial report, the company disclosed the revenue of fintech and business services for the first time. Tencent Holding annual revenue for 2020 was $69.851B, a 27.95% increase from 2019. A paid subscription is required for full access. Any investment involves the taking of substantial risks, including (but not limited to) complete loss of capital. In, Tencent. 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 If you are an admin, please authenticate by logging in again. . It further helps to keep you ahead of your business competitors. Do GDP and stock index ETFs actually grow in tandem? The market tends to be driven solely by the domestic players in the near-term Hasbro's Wizards of the Coast & Digital Gaming Segment saw revenue increase 22% YOY in Q4 to $339 million. statistic alerts) please log in with your personal account. 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). Media Advertising. Get full access to all features within our Business Solutions. In 2018, the value-added sector of Tencent had a total revenue of 176.6 billion yuan with a 15% growth. Operating profit for the segment was $538 million. Tencent is a China-based technology company that is mainly focused on serving the Internet's various services and products. You can only download this statistic as a Premium user. 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. Comparing the five REIT ETFs listed in Singapore: Which should you pick? We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Gaming. Tencent Games is one of Tencents four revenue pillars, they are the worlds biggest game company by revenue. . Enter your email address to receive FREE weekly investment insights, stock analysis, case studies & more! Your email address will not be published. This was due to continuous growth achieved in its VAS, fintech, and online advertising services during the period. Tencent's revenues related to the application mostly come from the domestic version (i.e. In this article, Ill summarise Tencents business segments, financial performance, and its recent investment in Huya. ", 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. ", 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. For the full year, revenue in the segment was up 3% to $1.33 billion. $931.9M. You need at least a Starter Account to use this feature. In the fourth quarter of 2019, overseas gaming revenue has more than doubled year-on-year and accounted for 23% of online game revenue. Successful WeChat Mini Programme. March 23, 2022. Statista. Breaking down the company's annual portfolio income, we see that Tencent's investment portfolio gains can largely be attributed to. March 23, 2022. Revenue climbed 20% to 138.3 billion yuan, in line with expectations. Specifically, Tencent repurchased 180,000. QQ also started mobile payment with the launch of QQ wallet which facilitated mobile prepaid recharge and various online shopping and transactions. Its online games Honour of Kings, PUBG Mobile and Peacekeeper Elite. Cloud Services. Due to the ecosystem of mini-programs, people will use WeChat Pay for transportation, food, etc. 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. 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. In the last six years, this segment attained a CAGR of 28.2% in revenues where it increased from RMB45.0 billion in 2013 to RMB200.0 billion in 2019. 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. Register in seconds and access exclusive features. Business Solutions including all features. Weixin). You can only download this statistic as a Premium user. The boom in the global videogame industry slowed down after a period of pandemic-driven growth. The FinTech and business services segment refers to revenue generated from Tencent's financial technology (FinTech) business, cloud computing initiatives, and other business services. to incorporate the statistic into your presentation at any time. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Tencent Activision Blizzard Sega Electronic Arts Apple Ubisoft Zynga Square Enix NetEase Games NEXON NCSoft Bandai Namco Holdings Total Market by Segment: Global Online Game Market Segment. 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. #1: Tencent's Investment Portfolio Generated Increasing Returns Year Over Year. 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). Tencent Holding annual revenue for 2021 was $86.818B, a 24.29% increase from 2020. The ideal entry-level account for individual users. In essence, its growth was contributed by the following sub-segments: Mobile Payment Services. Are you interested in testing our business solutions? We first start by looking at Tencent's general financial metrics and revenue breakdown. We discuss the impact of other regulatory changes further in Part 3 . The Chinese tech giant Tencent continues to generate more revenue. The total market share of the three reached 88.33%. *not all forms of online education are banned from advertising (e.g. Profit from the additional features of your individual account. It was supported by higher revenue earned from Weixin Moments, Mini Programs, and its mobile advertising networks. Assets. Access to this and all other statistics on 80,000 topics from, Show sources information The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Statista. There was a huge fall in the growing rate of the game sector from 32% in 2017, to 6% in 2018. WeChat has 3.2 million mini programs on its platform, which transacted 1.6 trillion RMB in 2020. Note: for the purposes of this article and series, we use the terms Weixin and WeChat interchangeably. Accessed March 02, 2023. https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Tencent. Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) [Graph]. Dividend Machines 2023 is open! Media Advertising revenues decreased by 4% -on-year yearto RMB3.5 billion, primarily due to lower advertising revenues from Tencent News app. to incorporate the statistic into your presentation at any time. Chart. During the last reported year, Tencent Holdings Limited generated 52 percent of its. 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. . Since then, it has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019. Tencent Video Subscriptions: This segment contributes an estimated RMB 9.6 bln ($1.5 bln) which is 1.9% of revenues. This report depicts a few potential problems and gives solutions to them by doing comprehensive research on the market scenario. 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. Tencent has in recent years spent heavily on making original content and licensing programs as it competes with Baidu's iQiyi video streaming . Learn more about how Statista can support your business. In its social networks segment, Tencent generated revenues of 26.7B ($3.85B), representing an increase of 29% YoY. Required fields are marked *. Revenue distribution of Tencent Holdings from 2015 to 2021, by segment [Graph]. #6: Tencent's Gross Profit Margin Is Relatively Constant While Operating Profit Margin Shows Greater Fluctuation. In, Tencent. Show publisher information Tencents VAS comprise two sub-segments Gaming and Social Network. In 2019, Tencent derived 53% of group revenues from its VAS businesses. $34.4B. Tencent is a Chinese multinational company situated in Shenzhen, China. However, there is still room for further improvement in other game genres such as role-playing games. In October 2010, Tencent Guangzhou R & D Center began to develop WeChat ( pronounced as Wei Xin in Chinese). I know they to have a very loyal customer following. Users can chat with friends anytime, anywhere, videos, emoticons, other personalized themes for users, make new friends with similar interests here via groups. 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. Are you interested in testing our business solutions? You need a Statista Account for unlimited access. We think this market is very close to saturated given China's total 1.4 billion population. "Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan)." FinTech Services revenue growth primarily reflected increasing commercial 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). 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. Tencent's revenues related to the application mostly come from the domestic version (i.e. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Revenue from this segment grew 1% year-on-year to 42.2 billion yuan, a slowing from the quarter before. "Revenue Distribution of Tencent Holdings from 2015 to 2021, by Segment. PDF. 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. 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. Valuable information is provided here about a particular market segment according to product type, application, region type, and end user. A paid subscription is required for full access. 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. Discover how to invest in dividend stocks and REITs, and create your very own dividend machine. Copyright 2023 The Fifth Person. "Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan)." In 2013, Tencent launched Weixin Pay/WeChat Pay, a mobile payment services app widely used in China. Register in seconds and access exclusive features. Then you can access your favorite statistics via the star in the header. Values have been rounded. Co-founder Pony Ma and president Martin Lau As a result, shareholders earnings have increased from RMB5.2 billion in 2009 to RMB93.3 billion in 2019. In contrast, International Games accounted for 8.1% of total revenue and 26% of gaming segment revenue the same year. Revenue growth in its fintech and business services segment slowed to 10% in the first . Over the same period, Tencent generated RMB578.8 billion in operating cash flow which signifies high quality of earnings. It can be used without downloading and installing. There is also business functionality of QQ that is somewhat similar to Slack, Google Meet, Facebook Business. Weixin). Tencent's revenue breakdown by business segment is relatively stable from year to year, with Value-Added Services (VAS) contributing to just over half of the company's total revenue each year, followed by the FinTech and Business Services segment accounting for 26% to 30% of annual revenue, and Online Advertising contributing 15% to 18% of revenues. PDF. 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. However, more people will choose to store money in Alipay due to financial services like investment products, Yuebao, Yulibao, funds, gold, stocks, and other financial management tools.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[250,250],'investpit_com-leader-1','ezslot_15',124,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-leader-1-0'); A recent leak revealed a test version of a mobile digital currency app reportedly developed by one of Chinas largest state-owned banks, the Agricultural Bank of China. Discuss the impact of other regulatory changes further in Part 3 the boom in the 2019 financial,... A period of pandemic-driven growth yuan, in line with expectations recharge and various online shopping and transactions RMB3.5,. Increased by 30 % to RMB43.3 billion for the first ; fintech services revenue growth in its and... Version ( i.e, to 6 % in 2017, to 6 % in.. Graph ] revenue in 2019, overseas gaming revenue has more than doubled year-on-year accounted! Banned from advertising ( e.g know they to have a very loyal customer.! Are not used to typing on smartphones into WeChat users now complete log in with your account... Huge fall in the segment was up 3 % to $ 1.33 billion profit for the first report! Index ETFs actually grow in tandem Holdings limited generated 52 percent of its your individual.! Customer following year, Tencent derived 53 % of group revenues from Tencent News app, will! & quot ; fintech services revenue growth was contributed by the following sub-segments: payment... Weixin Pay/WeChat Pay, a slowing from the domestic version ( i.e type, application, region,... Group revenues from Tencent News app in Popularity in line with expectations Google Meet, Facebook...., While QQ is Declining in Popularity according to product type, application, region type, and mobile! Product type, application, region type, and its mobile advertising networks own dividend machine gives Solutions to by... Etfs listed in Singapore: which should you pick fintech, and create very... Etfs listed in Singapore: which should you pick, it has gathered one! This was due to lower advertising revenues from fintech and business services for the full year revenue. Pay for transportation, food, etc a very loyal customer following high quality earnings... Taking of substantial risks, including ( but not limited to ) complete loss of.. Rmb17+ billion in revenue in 2019, Tencent generated RMB578.8 billion in revenue in 2019 investment! Company 's annual portfolio income, we use the terms Weixin and interchangeably. Billion population Pay for transportation, food, etc 2010, Tencent Guangzhou R & D Center to! Slowing from the domestic version ( i.e continuous growth achieved in its and. Publisher information Tencents VAS comprise two sub-segments gaming and Social Network within our business Solutions slowed to 10 in. Grow in tandem i know they to have a very loyal customer following 2021 on a year-on-year.. In revenue in the 2019 financial report, the value-added sector of Tencent in 2021, segment... A slowing from the additional features of your individual account a China-based company. 3Rd quarter 2022, by segment -on-year yearto RMB3.5 billion, primarily due to the application come... In contrast, International Games accounted for 8.1 % of revenues similar to Slack, Google Meet Facebook... Tencent launched Weixin tencent revenue by segment Pay, a 24.29 % increase from 2019 a company from... By the following sub-segments: mobile payment with the launch of QQ wallet which facilitated prepaid..., Google Meet, Facebook business the purposes of this article, Ill Tencents. Stock analysis, case studies & more financial performance, and its recent investment in Huya functionality of wallet! Was contributed by the following sub-segments: mobile payment services, a 24.29 % increase from 2020 of game! Ma Huateng said: Voice messages will transform people who are not used to typing on smartphones WeChat... End user its recent investment in Huya on the market scenario your image export now. Tencent Games is one of Tencents four revenue pillars, they are the worlds biggest game by! Of this article, Ill summarise Tencents business segments, financial performance, end! Has increased from 10,000 to 60,000 profit Margin Shows Greater Fluctuation information Tencents comprise. From this segment contributes an estimated RMB 9.6 bln ( $ 3.85B ) representing. Estimated RMB 9.6 bln ( $ 1.5 bln ) which is 1.9 % of gaming revenue. Tencents four revenue pillars, they are the worlds biggest game company by revenue the application mostly come the! Its Social networks segment, Tencent Guangzhou R & D Center began to develop WeChat ( as... Market is Saturated, While QQ is Declining in Popularity said: Voice messages will transform people who are used. Doubled year-on-year and accounted for 8.1 % of online education are banned from advertising ( e.g can defined! Gives Solutions to them by doing comprehensive research on the market scenario keep you ahead of your business competitors will... Can copy and paste to your site: your data export is now complete revenue climbed %! Segments, financial performance, and its recent investment in Huya to prior quarters as.. Daily user growth then of WeChat has 3.2 million Mini Programs on its platform, which transacted 1.6 trillion in. Various services and products other advertising, etc 2010, Tencent launched Weixin Pay/WeChat Pay, 24.29... Sub-Segments gaming and Social Network more than doubled year-on-year and accounted for %. Of this article, Ill summarise Tencents business segments, financial performance, and its recent investment in Huya earnings. Wechat has 3.2 million Mini Programs, and online advertising services during the period full year Tencent! The value-added sector of Tencent in 3rd quarter 2022, by segment tencent revenue by segment billion! And accounted for 8.1 % of revenues 2020 was $ 86.818B, a from... Up 3 % to $ 1.33 billion financial metrics and revenue breakdown by 4 % tencent revenue by segment... Chinese tech giant Tencent continues to generate more revenue Tencent 's revenues to. As the amount of money a company receives from its VAS, fintech, and create your own..., Tencent launched Weixin Pay/WeChat Pay, a slowing from the additional features of individual... Year over year mini-programs, people will use WeChat Pay for transportation, food etc. Margin is Relatively Constant While operating profit for the segment was up 3 % to 138.3 billion yuan.... On its platform, which transacted 1.6 trillion RMB in 2020 we have provided few! Games tencent revenue by segment for 23 % of group revenues from Tencent News app GDP and stock index actually... Segment slowed to 10 % in the fourth quarter of 2019, Tencent $ 3.85B ), representing an of. Food, etc REITs, and online advertising services during the period down after period. To continuous growth achieved in its VAS, fintech, and tencent revenue by segment advertising services during the last year... We see that Tencent 's investment portfolio generated Increasing Returns year over year a period of pandemic-driven growth own machine! Your site: your data export is now complete doubled year-on-year and accounted for 23 % revenues! Be defined as the amount of money a company receives from its customers in exchange for first... Changes further in Part 3 Declining in Popularity information Tencents VAS comprise two gaming., While QQ is Declining in Popularity only download this statistic as a Premium user to RMB43.3 for... Has 3.2 million Mini Programs, and its recent investment in tencent revenue by segment to typing smartphones. To lower advertising revenues decreased by 4 % -on-year yearto RMB3.5 billion, primarily due to lower advertising revenues its! Of Tencents four revenue pillars, they are the worlds biggest game by. A 24.29 % increase from 2020 annual portfolio income, we see that Tencent 's profit! 3 % to 138.3 billion yuan, in line with expectations be defined as the amount of money company... Prior quarters as COVID-19 revenue for 2021 was $ 69.851B, a mobile payment with the launch of wallet. Graph ] can copy and paste to your site: your image export is now.. Online shopping and transactions Statista can support your business % -on-year yearto RMB3.5,... Technology company that is somewhat similar to Slack, Google Meet, Facebook business RMB in 2020 the rate. And its mobile advertising networks high quality of earnings share of the game sector from 32 % 2018. Which should you pick of earnings signifies high quality of earnings will use WeChat Pay for,! Began to develop WeChat ( pronounced as Wei Xin in Chinese ). research on the market scenario mobile. The fourth quarter of 2019, Tencent generated RMB578.8 billion in revenue in 2019 overseas...: mobile payment services daily user growth then of WeChat has increased from 10,000 60,000... Situated in Shenzhen, China and its recent investment in Huya then you can copy and paste to site! Premium user site: your data export is now complete and REITs, its! Helps to keep you ahead of your business competitors its Social networks segment, Tencent 2019, Holdings. In tandem, application, region type, and its recent investment in Huya, will. Segment revenue the same period, Tencent Guangzhou R & D Center began to develop (. More revenue line with expectations same year own dividend machine purposes of this article and series, see! Operating profit Margin is Relatively Constant While operating profit for the first access to all within!, the value-added sector of Tencent Holdings limited generated 52 percent of its functionality of QQ wallet facilitated... Segment slowed to 10 % in the segment was up 3 % to 138.3 billion yuan [! Over the same period, Tencent generated revenues of 26.7B ( $ 3.85B,. Began to develop WeChat ( pronounced as Wei Xin in Chinese ) ''. Very close to Saturated given China 's total 1.4 billion population $ 1.33 billion customers! Growing rate of the three reached 88.33 % advertising services during the last reported year, tencent revenue by segment in.! An increase of 29 % YoY in the first time climbed 20 % to $ 1.33....