Its various subsidiary companies include Tencent Music Entertainment, Tencent Sports, and Tencent AI. In 2020, Tencent made two transactions to increase its equity stake in Huya Inc., a leading live game streaming platform in China. You need a Statista Account for unlimited access. The boom in the global videogame industry slowed down after a period of pandemic-driven growth. 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 this note we discuss Electronic Arts' business model, its revenue segments, sales trends, and forecast. Ma Huateng, president of Tencent, determined that the name of this product was called Wei Xin.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-medrectangle-4','ezslot_7',119,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-medrectangle-4-0');if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-medrectangle-4','ezslot_8',119,'0','1'])};__ez_fad_position('div-gpt-ad-investpit_com-medrectangle-4-0_1'); .medrectangle-4-multi-119{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;}. Tencent is the largest video game publisher in the world, and that segment generated 32% of its total revenue (24% from domestic games and 8% from international games) during the second. As a Premium user you get access to background information and details about the release of this statistic. Business Solutions including all features. Revenue. To use individual functions (e.g., mark statistics as favourites, set (March 23, 2022). Breaking down the company's annual portfolio income, we see that Tencent's investment portfolio gains can largely be attributed to net fair value gains and net gains on disposals and deemed disposals of investee companies. The first version only allows users to send texts and photos, not SMS. The carmaker estimates sales in the segment of between 1.4 million and 1.5 million units this year, including gas-powered and electrified crossovers, with a price range of RMB 300,000 to RMB 500,000 ($43,205 to $72,009). As soon as this statistic is updated, you will immediately be notified via e-mail. Tesla). #1: Tencent's Investment Portfolio Generated Increasing Returns Year Over Year. QQ also started mobile payment with the launch of QQ wallet which facilitated mobile prepaid recharge and various online shopping and transactions. Tencents VAS comprise two sub-segments Gaming and Social Network. My teams and I have . According to Tencent 's latest financial reports the company's current revenue (TTM) is $83.64 B . Profit from the additional features of your individual account. In the early days, QQ was Tencents key product. 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. It still has a user base of 612 million users. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. It can be used without downloading and installing. Dividend Machines 2023 is open! This is due to: Social and Other Advertising. You only have access to basic statistics. The year 2018 marked a change in its revenue structure. Any historical information should be succinct. Tencent has in recent years spent heavily on making original content and licensing programs as it competes with Baidu's iQiyi video streaming . We have also set the operating . 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. If your company operates . If you are an admin, please authenticate by logging in again. Learn more about how Statista can support your business. They also acquired another one million Class B ordinary shares of Huya Inc. from Mr. Dong Rongjie, CEO of Huya Inc. (price undisclosed). Successful WeChat Mini Programme. Revenue distribution of Tencent Holdings from 2015 to 2021, by segment [Graph]. 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. The Tencent Video segment is based on the video streaming service. Required fields are marked *. Note: for the purposes of this article and series, we use the terms Weixin and WeChat interchangeably. 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. In 2021, Tencent recorded total revenue of RMB560.1 billion and operating income of RMB271.6 billion 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. As a Premium user you get access to background information and details about the release of this statistic. Gaming. In a WeChat Open Class in 2020, WeChat Founder Allen Zhang announced that WeChat will soon launch a feature called short video content. Tencent is a Chinese multinational company situated in Shenzhen, China. Revenue came in at 144.18 billion yuan ($22.62 billion), up 8% year-on-year. As of 30 June 2020, Tencent reported 1.2+ billion monthly active users of Weixin and WeChat worldwide combined, and continues to invest in the development of new games and digital content as means to sustain growth for many years to come. Weixin and WeChat are essentially two versions of the same application where Weixin is used domestically in mainland China and WeChat is used in overseas markets, although the two are considered to be separate legal entities and there are some differences in terms of the functionalities available across the two versions due to the regulatory differences between China and abroad. Segment by Type - Cloud-Based - On-Premise Segment by Application - Enterprise - Government - Operator - Others By Region - North America - - United States - - Canada . Lau added Tencent will add a new. PDF. ", Tencent, Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) Statista, https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/ (last visited March 02, 2023), Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) [Graph], Tencent, November 16, 2022. Discover how to invest in dividend stocks and REITs, and create your very own dividend machine. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. You need a Statista Account for unlimited access. PDF. Note: minor discrepancies may exist between figures due to rounding. Values have been rounded. This increases its voting power to 50.9% and equity stakes to 36.9% in Huya Inc. On 10 August 2020, Tencent entered into a Definite Share Transfer Agreement to acquire 30 million Class B ordinary shares of Huya Inc. for US$ 810 million from JOYY Inc. 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). Tencent Grows Online Gaming Revenues By 45% Year-Over-Year The annual growth in online gaming revenues marks the third consecutive quarter for this year in which the segment has. Show publisher information Zhang recognized there is a gap in a short video content as WeChat has become very textbase in the public account. While we provide a summary of our research, youd have to make your own decisions whether an investment is suitable for your portfolio. Tencent Holding annual revenue for 2021 was $86.818B, a 24.29% increase from 2020. In, Tencent. Please create an employee account to be able to mark statistics as favorites. ), and (3) increased revenue sharing and content costs. Its largest segment is Services, which accounted for 68% of total revenues in fiscal 2019. Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) [Graph]. 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. You can only download this statistic as a Premium user. Then you can access your favorite statistics via the star in the header. Tencent Revenue : Yuan 482.06 billion - FY ending Dec 2020 (y-o-y growth 27.8%) Yuan 377.28 billion - FY ending Dec 2019 (y-o-y growth 21.2%) Competitive Analysis . One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). "Revenue Distribution of Tencent Holdings from 2015 to 2021, by Segment. It is social, free and popular on mobile -- the fastest growing segment of gaming. In China, there is a saying: WeChat is like their wallet and Alipay is our bank account. The online games contributed 58.9% of the revenue with 104 billion yuan. The index is also a selection of the 'best' companies. The fall in sales was attributable to two main factors. The FinTech and business services segment refers to revenue generated from Tencent's financial technology (FinTech) business, cloud computing initiatives, and other business services. This statistic shows the revenue distribution of Tencent from the fiscal year 2015 to 2021, by segment. Currently, you are using a shared account. Use tab to navigate through the menu items. 2014.07.25 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. support@swotandpestle.com; . Tencent Holdings Limited is headquartered in Shenzhen, the People's Republic of China. A paid subscription is required for full access. 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. 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). Impact of Chinas reopening on Singapore REITs, Top 3 Hong Kong REITs that made you money if you invested from their IPOs (Updated 2023). Since its founding, Tencent has found new income streams including high-performance advertising, gaming, digital content, and fintech services. Revenue of Microsoft broken down by segment 2012-2022, Amazon Web Services: Annual revenue 2013-2022. In January 2014, Tencent launched a wealth management platform, Licaitong. In this article, we walk through Tencent's financial statistics and business metrics. For 2022, Hasbro saw overall revenue decline 9% to $5.86 billion. Chinese tech giant Tencent recorded a total revenue of 273.6 billion yuan (US$42.3 billion) for the first half of 2021, a 23% increase from H1 2020's revenue of 222.9 billion yuan (US$34.5. For businesses who need money for cash flow, and also those who need a home loan, you can get it through QQ at rong360 in China. SoundHound Just Got $100M From . It further helps to keep you ahead of your business competitors. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Use Ask Statista Research Service. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. If th Hi CG, If you currently own Singapore shares, they are eithe Hi! Tencent Cloud Revenue Growth Rate in Anti-DDoS System (ADS) Platform Business (2018-2023) Figure 59. During the second quarter of 2020, the company posted net sales (revenue) of RMB 114.83 billion. In October 2010, Tencent Guangzhou R & D Center began to develop WeChat ( pronounced as Wei Xin in Chinese). We first start by looking at Tencent's general financial metrics and revenue breakdown. Please create an employee account to be able to mark statistics as favorites. The Chinese. As a Premium user you get access to the detailed source references and background information about this statistic. 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. Specifically, Tencent repurchased 180,000. Assets. This product launched by WeChat in January 2017 and the mini-program is a light-weight application with rich functions and simple operations embedded in WeChat. Founded in 1998, Tencent connects over one billion users through its communications and social platforms, namely Weixin and QQ. 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. Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) [Graph]. 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. Its online games Honour of Kings, PUBG Mobile, and. On January 21, 2011, WeChat was officially released. Each voice message cannot exceed 60 seconds. Learn more about how Statista can support your business. If you are an admin, please authenticate by logging in again. I know they to have a very loyal customer following. 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Tencent achieved a CAGR of 23.7% over the past six years in Gaming revenues, up from RMB32.0 billion in 2013 to RMB114.7 billion in 2019. The results come amid investor concerns that Tencent will continued to be ensnared in an . We think this market is very close to saturated given China's total 1.4 billion population. In 2021, Tencent generated revenues of approximately 291.6 billion yuan from the internet value-added services segment such as online games. This is driven by e-commerce festivals such as the Double Eleven and Double Twelve, e-commerce giants such as Ali and JD.com. 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. In its social networks segment, Tencent generated revenues of 26.7B ($3.85B), representing an increase of 29% YoY. 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