Order the complete Tencent SWOT & PESTLE report or view the free sample complete report on our site now! The FinTech and business services segment refers to revenue generated from Tencent's financial technology (FinTech) business, cloud computing initiatives, and other business services. 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. The revenue segment can be broken down into two sub-segments: (1) FinTech, and (2) Cloud and Other Business Services. 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. It still has a user base of 612 million users. For the full year, revenue in the segment was up 3% to $1.33 billion. March 23, 2022. Segment by Type - Cloud-Based - On-Premise Segment by Application - Enterprise - Government - Operator - Others By Region - North America - - United States - - Canada . 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. 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. Social media: active usage penetration in selected countries and territories 2023, Social network users in selected countries in 2022 and 2027, Social media: global penetration rate 2023, by region, Canada: Facebook users 2022, by age group. 3 Please refer to the official announcement for details. Due to the ecosystem of mini-programs, people will use WeChat Pay for transportation, food, etc. Tencent achieved a 10-year CAGR of 40.7% and 33.6% in its group revenues and shareholders earnings respectively. As a result, shareholders earnings have increased from RMB5.2 billion in 2009 to RMB93.3 billion in 2019. March 1, 2022 6:29 AM | 1 min read. As of 2019. 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. In 2013, Tencent launched Tencent Cloud. "Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan)." In 2019, Tencent made 18.1% of group revenues from online advertising. Get full access to all features within our Business Solutions. If th Hi CG, If you currently own Singapore shares, they are eithe Hi! [Online]. Values have been rounded. Then you can access your favorite statistics via the star in the header. If you are an admin, please authenticate by logging in again. Business Solutions including all features. Learn more about how Statista can support your business. Are you interested in testing 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. "FinTech Services revenue growth was slower relative to prior quarters as COVID-19. Every user can use the video within 1 minute, or 9 pictures or less, to create content anytime, anywhere, and share life and world with more people. Tencent revenue has been posting strong growth over the past 5 years. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. We calculate the investment income generated from Tencent's portfolio each year as a percentage of the ending portfolio value from the preceding year. Click here to subscribe and stay tuned for future updates! To use individual functions (e.g., mark statistics as favourites, set Tesla). Tencent's leading Internet platforms in China are QQ Instant Messenger, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai and Tenpay. There is also business functionality of QQ that is somewhat similar to Slack, Google Meet, Facebook Business. Tencent. Advertising revenues decreased by 25% to RMB3.2 billion, reflecting lower advertising revenues from Tencent Video and Tencent News services. Currently, you are using a shared account. 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 2005, his previous product Foxmail was acquired by Tencent. In contrast, International Games accounted for 8.1% of total revenue and 26% of gaming segment revenue the same year. 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. Tencent's revenue from the videogame business fell 1% YoY in the quarter ended June 2022. ), and (3) increased revenue sharing and content costs. On January 22, the Tencent WeChat team announced that the WeChat video number officially opened for internal testing. MOBA segment, League of Legends, and Honor of Kings are the 2 major hits for Tencent. Its online games Honour of Kings, PUBG Mobile, and. Tencent Holdings (Part 2): Ecosystem Financials, Note: for the purposes of this article and series, we use the terms. 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). In contrast, operating profit margin shows a greater degree of fluctuation due to higher selling, general, and administrative (SG&A) expenses and marketing expenses in certain years offset by net other gains. Tencent's revenues related to the application mostly come from the domestic version (i.e. Tencent Holding annual revenue for 2020 was $69.851B, a 27.95% increase from 2019. Social Network. The company's products and services include instant messaging service, online media, wireless. Tencents VAS comprise two sub-segments Gaming and Social Network. Dividend Machines 2023 is open! Revenue. Revenue came in at 144.18 billion yuan ($22.62 billion), up 8% year-on-year. Lau was referring to a segment that included Tencent's new cloud business, which posted its first annual revenue of 9.1 billion yuan ($1.36 billion). Tencent, which gets 32% of its revenue from video games, unveiled more than 60 new titles at its annual video gaming conference last week. 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Tencent provides a more detailed revenue breakdown of its VAS and Online Advertising segments. Yachts Charter Market size was valued at US$ 16.7 Bn. 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. If you are an admin, please authenticate by logging in again. Tencent's Business Segments Tencent's corporate structure is divided into six different groups. 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. "Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan)." Please do not hesitate to contact me. A paid subscription is required for full access. statistic alerts) please log in with your personal account. Accessed March 02, 2023. https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Tencent. 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. Media Advertising revenues decreased by 4% -on-year yearto RMB3.5 billion, primarily due to lower advertising revenues from Tencent News app. 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. 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). Register in seconds and access exclusive features. You are advised to perform your own independent checks, research or study; and you should contact a licensed professional before making any investment decisions. 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. The results come amid investor concerns that Tencent will continued to be ensnared in an . We have also set the operating . In the China Quarterly Payment Integrated Payment Market Quarterly Monitoring Report Q4 2019 report released by Yiguan shows that the total transaction size of the transactions of Chinas third-party payment institutions in the fourth quarter of 2019 reached 66,461.33 billion yuan, an increase of 5.74% from the previous quarter. Get full access to all features within our Business Solutions. interchangeably. WeChat wants to empower everyone to create content. Business Solutions including all features. Are you interested in testing our business solutions? In 2021, Tencent recorded total revenue of RMB560.1 billion and operating income of RMB271.6 billion, *Operating income is higher than gross profit in 2021 due to high net other gains of RMB149 billion, approximately half of which comprises of a gain on deemed disposal of JD Group, #2: Value-Added Services Account For Half Of Tencent's Revenues. Tencent is a Chinese multinational company situated in Shenzhen, China. 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. Over the past 6 months, the stock has traded down approximately 30% from $100/share. 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. All rights reserved. Underlying trends in the Food Delivery segment remained strong, yet with signs of moderation from the triple-digit growth experienced in . Revenues had grown from RMB12.4 billion in 2009 to RMB377.3 billion in 2019. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. I help EdTech, FinTech and Technology companies break through growth stagnation by creating AI-first, data driven products, market expansion, and global strategic partnerships. This statistic is not included in your account. Dividend). Its largest segment is Services, which accounted for 68% of total revenues in fiscal 2019. Please complete this form and click the button below to subscribe. 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. Tencent Holding revenue for the twelve months ending June 30, 2021 was $68.153B, a 31.5% increase year-over-year. 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;}. to incorporate the statistic into your presentation at any time. The Tencent Video segment is based on the video streaming service. You need at least a Starter Account to use this feature. As a Premium user you get access to background information and details about the release of this statistic. (November 16, 2022). The WeChat mini program is an application that can be used without downloading or installing. Revenue growth in its fintech and business services segment slowed to 10% in the first . Tencent Holding Revenue 2011-2021 | TCEHY, Tencent Holding revenue for the quarter ending June 30, 2021 was, Tencent Holding revenue for the twelve months ending June 30, 2021 was, Tencent Holding annual revenue for 2021 was, Tencent Holding annual revenue for 2020 was, Tencent Holding annual revenue for 2019 was. Use Ask Statista Research Service. The mini-programs are only within WeChat. You need at least a Starter Account to use this feature. Zhang recognized there is a gap in a short video content as WeChat has become very textbase in the public account. This statistic is not included in your account. ", 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. Do GDP and stock index ETFs actually grow in tandem? Statista. For the full year 2021, Tencent reported a 16% year-over-year. Tencent made over $56 billion in revenue in 2019, alone. I'm especially curious if anyone particularly loves/hates this at $67/share. Slowing Videogaming Segment. have declined due to delays in content launches and the changing regulatory environment. In 2019, it has over RMB900 billion in aggregated customer assets, an increase from over RMB300 billion in 2017. Note: the online advertising industry faced significant changes in terms of regulatory environment over the past year, the most significant of which pertains to the crackdown on K-12 education organizations (see, ). During the second quarter of 2020, the company posted net sales (revenue) of RMB 114.83 billion. The segment made up 22.9 percent of total revenues. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. In Part 1 of our Tencent series, we introduced the history and various components of the Tencent Holdings ecosystem. Chart. One of the main drawbacks the company has is its weak marketing strategies. Profit from the additional features of your individual account. The total market share of the three reached 88.33%. Please create an employee account to be able to mark statistics as favorites. Show publisher information Please create an employee account to be able to mark statistics as favorites. in 2021 and the total revenue is expected to grow at 5.5% (CAGR) through 2022 to 2029, reaching US$ 25.63 Bn.Pune, Feb. 27, 2023 (GLOBE . The segment accounts for about 42% of Nvidia's total revenue.. to incorporate the statistic into your presentation at any time. 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. Tencents business model: How Tencent makes money. Given a history of +5-10% revenue growth, and . 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. Revenue from this segment grew 1% year-on-year to 42.2 billion yuan, a slowing from the quarter before. 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