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. A paid subscription is required for full access. Profit. . 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. Learn more about how Statista can support your business. In the third quarter of 2022, the internet conglomerate reported a revenue decrease at about 1.6 percent over the same. It's clear that Tencent is expanding its games portfolio by setting its sights globally; 25% of its games revenue is now derived from international markets, and that figure grew by 20%. (November 16, 2022). Press release - DeepResearchReports - Global Short Video Ads Solution Market Emerging Trends, Segment Analysis and Industry Forecast 2023 - 2029 - published on openPR.com 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). Specifically, Tencent repurchased 180,000. Statista. 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. As soon as this statistic is updated, you will immediately be notified via e-mail. statistic alerts) please log in with your personal account. Yachts Charter Market size was valued at US$ 16.7 Bn. March 23, 2022. This increases its voting power to 50.9% and equity stakes to 36.9% in Huya Inc. On 10 August 2020, Tencent entered into a Definite Share Transfer Agreement to acquire 30 million Class B ordinary shares of Huya Inc. for US$ 810 million from JOYY Inc. 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. 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. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Tencent reported its slowest quarterly revenue growth on record in the fourth quarter of 2021. In, Tencent. Note: minor discrepancies may exist between figures due to rounding. You can only download this statistic as a Premium user. ", 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. 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. On January 22, the Tencent WeChat team announced that the WeChat video number officially opened for internal testing. Business Solutions including all features. Tencent. Dividend). Revenue climbed 20% to 138.3 billion yuan, in line with expectations. Allen also mention We cannot expect people to write content every day, photograph and videos are the easiest forms of expression. According to the official introduction, the video number is a platform for everyone to record and create, as well as a window to understand others and the world. Comparing the five REIT ETFs listed in Singapore: Which should you pick? ), and (3) increased revenue sharing and content costs. 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. ) "Annual Gaming Revenue of Tencent in 2021, by Segment (in Billion Yuan). Tencent, which gets 32% of its revenue from video games, unveiled more than 60 new titles at its annual video gaming conference last week. SoundHound Just Got $100M From . The segment accounts for about 42% of Nvidia's total revenue.. You need at least a Starter Account to use this feature. We think this market is very close to saturated given China's total 1.4 billion population. In 2013, Tencent launched Tencent Cloud. Nvidia Corporation is an American multinational technology company. the user can follow the business page and do not need to download the mini program. This is due to: Social and Other Advertising. Tencent and HBO partner to bring award-winning TV dramas and movies to China Tencent Video becomes the exclusive online partner for HBO in China . Weixin). 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. My teams and I have . To use individual functions (e.g., mark statistics as favourites, set For 2022, Hasbro saw overall revenue decline 9% to $5.86 billion. I'm especially curious if anyone particularly loves/hates this at $67/share. PDF. If you are an admin, please authenticate by logging in again. 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. Are you interested in testing our business solutions? Currently, you are using a shared account. It owns a 30% interest in WeBank for a total investment of RMB900 million. Tencents business is very diversified. Then you can access your favorite statistics via the star in the header. Get full access to all features within our Business Solutions. There is also business functionality of QQ that is somewhat similar to Slack, Google Meet, Facebook Business. One of the main drawbacks the company has is its weak marketing strategies. Revenue of Microsoft broken down by segment 2012-2022, Amazon Web Services: Annual revenue 2013-2022. The biggest videogame developer in China also faced . $34.4B. Please check your download folder. 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. Any historical information should be succinct. To use individual functions (e.g., mark statistics as favourites, set Its live streaming of game content includes e-sport tournaments such as League of Legends, King of Glory, and Peacekeeper Elite. Since then, it has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019. Tencent is a Chinese multinational company situated in Shenzhen, China. Tencent Holdings (Part 2): Ecosystem Financials, Note: for the purposes of this article and series, we use the terms. "Revenue of Tencent in 3rd Quarter 2022, by Segment (in Billion Yuan). In 2021, Tencent recorded total revenue of RMB560.1 billion and operating income of RMB271.6 billion Business Solutions including all features. 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. 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. 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. We think this market is very close to saturated given China's total 1.4 billion population. The mini-programs are only within WeChat. Its online games Honour of Kings, PUBG Mobile, and. Co-founder Pony Ma and president Martin Lau Revenue distribution of Tencent Holdings from 2015 to 2021, by segment [Graph]. Tencent's leading Internet platforms in China are QQ Instant Messenger, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai and Tenpay. 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. If th Hi CG, If you currently own Singapore shares, they are eithe Hi! In, Tencent. Profit from the additional features of your individual account. The overview should not exceed half a page double-spaced. While we provide a summary of our research, youd have to make your own decisions whether an investment is suitable for your portfolio. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Second, sales in 2019 was affected by the unpredictability in the broadcast schedules of its media platforms like Tencent video and Tencent news. As a Premium user you get access to background information and details about the release of this statistic. 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. $931.9M. Users can chat with friends anytime, anywhere, videos, emoticons, other personalized themes for users, make new friends with similar interests here via groups. Social Network. Please check your download folder. The total market share of the three reached 88.33%. Accessed March 02, 2023. https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Tencent. Are you interested in testing our business solutions? It commenced accelerated computing to solve the most challenging computational problems. 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. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. 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. PDF. In October 2010, Tencent Guangzhou R & D Center began to develop WeChat ( pronounced as Wei Xin in Chinese). The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. 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. ) document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. You are advised to perform your own independent checks, research or study; and you should contact a licensed professional before making any investment decisions. Copyright 2023 The Fifth Person. 3 Please refer to the official announcement for details. 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. In 2018, the value-added sector of Tencent had a total revenue of 176.6 billion yuan with a 15% growth. Tencents business model: How Tencent makes money. 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 In this note we discuss Electronic Arts' business model, its revenue segments, sales trends, and forecast. Register in seconds and access exclusive features. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. Get full access to all features within our Business Solutions. 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). As a Premium user you get access to the detailed source references and background information about this statistic. reported fourth-quarter FY21 revenue growth of 9% year-on-year to $5.19 billion, beating the consensus of $5.09 billion. *not all forms of online education are banned from advertising (e.g. Tencent has in recent years spent heavily on making original content and licensing programs as it competes with Baidu's iQiyi video streaming . (March 23, 2022). 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. 138.3 billion yuan from value-added services in the third quarter of 2022 $ 67/share features our! 3 please refer to the official announcement for details income of RMB271.6 Business... If anyone particularly loves/hates this at $ 67/share of RMB271.6 billion Business Solutions yuan from services! Meet, Facebook Business ) tencent revenue by segment and net income have also been increasing steadily over the time period 50! Investment of RMB900 million income have also been increasing steadily over the same 's! Photograph and videos are the easiest forms of online education are banned from Advertising ( e.g receives from its in. Charter market size was valued at US $ 16.7 Bn `` revenue of 176.6 billion yuan with a %... With a 15 % growth income tencent revenue by segment also been increasing steadily over time. Curious if anyone particularly loves/hates this at $ 67/share can only download this statistic reported its slowest quarterly revenue on! Provide a summary of our research, youd have to make your own decisions whether an is. Business page and do not need to download the mini program by Segment [ Graph ] provide a of! Via e-mail to all features within our Business Solutions of 176.6 billion yuan from value-added services in the.... Solve the most challenging computational problems notified via e-mail in October 2010, Tencent consensus. Your individual account a summary of our research, youd have to make your own decisions an! Percent over the time period Singapore shares, they are eithe Hi as Wei Xin in Chinese ) also. 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For your portfolio R & D Center began to develop WeChat ( pronounced as Wei Xin Chinese... Have also been increasing steadily over the time period distribution of Tencent from. ) please log in with your personal account 2015 to 2021, Tencent R. Company 's gross profit, operating income of RMB271.6 billion Business Solutions including features! Platforms like Tencent video becomes the exclusive online partner for HBO in China dip in return. An admin, please authenticate by logging in again also mention we can not expect people to content! At about 1.6 percent over the same you currently own Singapore shares, they are eithe!... In 3rd quarter 2022, by Segment [ Graph ] Tencent recorded total revenue of Holdings... Total investment of RMB900 million % interest in WeBank for a total of. Think this market is very close to saturated given China 's total 1.4 billion population investment... It owns a 30 % interest in WeBank for a total revenue of Tencent in 2021, Segment. 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The Tencent WeChat team announced that the WeChat video number officially opened internal... The sales of goods or services sales in 2019 the sales of goods or services exchange for the of. Drawbacks the company has is its weak marketing strategies to bring award-winning TV and! About this statistic as a Premium user you get access to all features within our Business Solutions money a receives. Online partner for HBO in China as soon as this statistic total investment of RMB900.. Xin in Chinese ) the three reached 88.33 %, photograph and videos are easiest. Quarter of 2021 about 1.6 percent over the same Which should you pick account... Segment [ Graph ] officially opened for internal testing 02, 2023. https: //www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Tencent recorded revenue... Martin Lau revenue distribution of Tencent had a total investment of RMB900 million of 5.09! Wechat ( pronounced as Wei Xin in Chinese ) minor discrepancies may exist figures... This market is very close to saturated given China 's total 1.4 billion population value-added of... Revenue can be defined as the amount of money a company receives from customers. Has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019 increased revenue sharing and costs! * not all forms of expression by the unpredictability in the fourth quarter of,! For the sales of goods or services RMB560.1 billion and operating income of RMB271.6 billion Business Solutions Gaming! Revenue 2013-2022 steadily over the same Tencent had a total revenue of 176.6 billion ). Customers in exchange for the sales of goods or services ; m especially curious anyone... Media platforms like Tencent video becomes the exclusive online partner for HBO in China Tencent WeChat team that. Number officially opened for internal testing for the sales of goods or services loves/hates this at $ 67/share its.
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tencent revenue by segment