Tencent. 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. First, revenues in 2018 was boosted by its broadcasting of the FIFA World Cup in Russia. reported fourth-quarter FY21 revenue growth of 9% year-on-year to $5.19 billion, beating the consensus of $5.09 billion. Tencent Holdings Limited is headquartered in Shenzhen, the People's Republic of China. Specifically, Tencent repurchased 180,000. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. have declined due to delays in content launches and the changing regulatory environment. Produced 450+ financial articles featured on KCLau.com in Malaysia and The Fifth Person, Value Invest Asia, and Small Cap Asia in Singapore. Transportation via Didi Chuxing, train tickets, WeChat wallet that people purchase their daily needs via the app. Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) [Graph]. . In China, there is a saying: WeChat is like their wallet and Alipay is our bank account. In this article, Ill summarise Tencents business segments, financial performance, and its recent investment in Huya. to incorporate the statistic into your presentation at any time. 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. Revenue growth in its fintech and business services segment slowed to 10% in the first . 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. ) statistic alerts) please log in with your personal account. In 2014, Tencent established WeBank together with other investors, namely Liye Group and Baiyeyuan. Show publisher information Its live streaming of game content includes e-sport tournaments such as League of Legends, King of Glory, and Peacekeeper Elite. As a Premium user you get access to background information and details about the release of this statistic. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Licaitong. You need at least a Starter Account to use this feature. This statistic shows the revenue distribution of Tencent from the fiscal year 2015 to 2021, by segment. 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. Tencent Holdings Limited is an Internet service portal. PDF. This statistic is not included in your account. 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In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. Use Ask Statista Research Service. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. A paid subscription is required for full access. One of the main drawbacks the company has is its weak marketing strategies. Order the complete Tencent SWOT & PESTLE report or view the free sample complete report on our site now! 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. Do GDP and stock index ETFs actually grow in tandem? You need a Statista Account for unlimited access. Of course, the favourable funding conditions for Chinese companies and their relative popularity also spurred a large flux of companies to go public in 2020. Use Ask Statista Research Service. There was a huge fall in the growing rate of the game sector from 32% in 2017, to 6% in 2018. #1: Tencent's Investment Portfolio Generated Increasing Returns Year Over Year. Tencent just repurchased shares, a rarity for the company Finally, an announcement Thursday and Friday might have slipped under the noses of investors. Use tab to navigate through the menu items. Values have been rounded. "Annual Revenue of Tencent from 2014 to 2021, by Segment (in Billion Yuan). Activision is the company behind Call of Duty, Warcraft, Diablo, Candy Crush, etc. 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. Alibaba Cloud Computing Revenue Growth Rate in . 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. Tencent's leading Internet platforms in China are QQ Instant Messenger, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai and Tenpay. As a Premium user you get access to background information and details about the release of this statistic. In, Tencent. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. 4 From the third quarter of 2021, we disclose revenues from Domestic Games and International Games as new sub-segments under The number of monthly active users (MAUs) on the Weixin and WeChat platforms increased from 988.6 million in 2017 to 1,268.2 million in 2021. Any investment involves the taking of substantial risks, including (but not limited to) complete loss of capital. 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. Due to the ecosystem of mini-programs, people will use WeChat Pay for transportation, food, etc. Register in seconds and access exclusive features. Given a history of +5-10% revenue growth, and . In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. Gaming. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. May 23, 2022 The Chinese entertainment tycoonTencent reported a total revenue of 174.3 billion yuan from online games in 2021. Tencent provides a more detailed revenue breakdown of its VAS and Online Advertising segments. 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. 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. 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). You need a Statista Account for unlimited access. If you are an admin, please authenticate by logging in again. 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). You are advised to perform your own independent checks, research or study; and you should contact a licensed professional before making any investment decisions. Get full access to all features within our Business Solutions. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. #1: Tencent's Revenues Grew At A CAGR of 18.7% During 2017-2021, Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. The Chinese. Profit from the additional features of your individual account. March 23, 2022. Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) [Graph]. You need at least a Starter Account to use this feature. The FinTech and business services segment refers to revenue generated from Tencent's financial technology (FinTech) business, cloud computing initiatives, and other business services. 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. 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. 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. As a Premium user you get access to the detailed source references and background information about this statistic. Tencent Holdings Estimates* in CNY Yearly Quarterly * Average Estimates in Million (e.g. As of 23 November 2020, Tencents market capitalisation stood at HK$5.6 trillion. As a result, shareholders earnings have increased from RMB5.2 billion in 2009 to RMB93.3 billion in 2019. sail past the $1.5 billion in annual revenue generated by Call of Duty, the industry's top-selling game . Learn more about how Statista can support your business. You need at least a Starter Account to use this feature. In contrast, Media Advertising accounted for only 2.4% of total revenue and 15% of online advertising revenue. The market tends to be driven solely by the domestic players in the near-term to incorporate the statistic into your presentation at any time. Gaming. 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. The total transaction size of the integrated payment business of Chinese non-financial payment institutions in the fourth quarter of 2019 reached 66461.33 trillion yuan, an increase of 5.74% month-on-month. (March 23, 2022). Then you can access your favorite statistics via the star in the header. #1: The Weixin/WeChat Market Is Saturated, While QQ is Declining in Popularity. MOBA segment, League of Legends, and Honor of Kings are the 2 major hits for Tencent. In this note we discuss Electronic Arts' business model, its revenue segments, sales trends, and forecast. The compute and networking segment delivered revenue of $3.0 billion in Q3 FY 2022, up 55.3% from the year-ago quarter. Accessed March 02, 2023. https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Tencent. Successful WeChat Mini Programme. One yuan equals approximately 0.14 U.S. dollars and 0.14 euros (as of November 2022). In this article, we walk through Tencent's financial statistics and business metrics. You can only download this statistic as a Premium user. Use Ask Statista Research Service. short clips and livestreaming, see Part 1), and (3) increased revenue sharing and content costs. We dont make any recommendations on whether a security is a buy (or sell) as every investor has different investment goals and risk profiles. This makes it Tencents fastest growing segment for the six-year period. So, how did Tencent fare during the first half of 2020? In the six-year period, online advertising revenues have grown at a CAGR of 54.5% over the past six years from RMB5.0 billion in 2013 to RMB68.4 billion in 2019. This increases its voting power to 50.9% and equity stakes to 36.9% in Huya Inc. On 10 August 2020, Tencent entered into a Definite Share Transfer Agreement to acquire 30 million Class B ordinary shares of Huya Inc. for US$ 810 million from JOYY Inc. Has is its weak marketing strategies the first and forecast due to the ecosystem of mini-programs, people will WeChat. Business Solutions 2022 the Chinese entertainment tycoonTencent reported a total revenue of Tencent in quarter... People purchase their daily needs via the star in the near-term to the... 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