A paid subscription is required for full access. You only have access to basic statistics. In, Tencent. 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. 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. 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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. To use individual functions (e.g., mark statistics as favourites, set Its online games Honour of Kings, PUBG Mobile, and. Management points out a general increasing trend in advertiser demand for the Weixin platform, while advertising revenue from Tencent's media platforms (e.g. 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. Chart. Merchants increase channels and sales, and users are more convenient. . 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. "Annual Revenue of Tencent from 2014 to 2021, by Segment (in Billion Yuan). As a Premium user you get access to the detailed source references and background information about this statistic. Get full access to all features within our Business Solutions. In its social networks segment, Tencent generated revenues of 26.7B ($3.85B), representing an increase of 29% YoY. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Almost done! Then you can access your favorite statistics via the star in the header. to incorporate the statistic into your presentation at any time. To use individual functions (e.g., mark statistics as favourites, set On January 22, the Tencent WeChat team announced that the WeChat video number officially opened for internal testing. Tencent Games is one of Tencents four revenue pillars, they are the worlds biggest game company by revenue. Tencent achieved a 10-year CAGR of 40.7% and 33.6% in its group revenues and shareholders earnings respectively. Tencent's annual revenue for 2021 was up 16% compared to the previous year, slowing from the 28% growth it recorded in 2020. have declined due to delays in content launches and the changing regulatory environment. 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. Note: for the purposes of this article and series, we use the terms Weixin and WeChat interchangeably. 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. Revenues had grown from RMB12.4 billion in 2009 to RMB377.3 billion in 2019. In 2021, Tencent generated revenues of approximately 291.6 billion yuan from the internet value-added services segment such as online games. 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. All rights reserved. The segment accounts for about 42% of Nvidia's total revenue.. The segment made up 22.9 percent of total revenues. As soon as this statistic is updated, you will immediately be notified via e-mail. The online games contributed 58.9% of the revenue with 104 billion yuan. The revenue segment can be broken down into two sub-segments: (1) FinTech, and (2) Cloud and Other Business Services. Media Advertising revenues decreased by 4% -on-year yearto RMB3.5 billion, primarily due to lower advertising revenues from Tencent News app. 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. Nvidia Corporation is an American multinational technology company. 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. $931.9M. 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). In contrast, QQ's smart device MAU has been declining since 2018 from 699.8 million MAUs to 552.1 million in 2021 (Tencent does not report an MAU number for non-smart devices). We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Revenue of Microsoft broken down by segment 2012-2022, Amazon Web Services: Annual revenue 2013-2022. One of the main drawbacks the company has is its weak marketing strategies. Business Solutions including all features. Some of the monetizations include an advertisement from merchants and also consumer spending on in-app purchases. MB.OS is designed and developed in-house to retain full control over the customer relationship, ensure data . 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 has reported its first decline in quarterly revenues, as China's most valuable company was shaken by the country's slowing economy and a regulatory crackdown. Revenues have increased from RMB622 million in 2013 to RMB108.9 billion in 2019. Financial content machine. 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. 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). The ideal entry-level account for individual users. short clips and livestreaming, see. In particular, the high net gains on disposals and deemed disposals of investee companies in 2021 was more than half driven by the deemed disposal of JD Group. Tencent's leading Internet platforms in China are QQ Instant Messenger, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai and Tenpay. Register in seconds and access exclusive features. There is also business functionality of QQ that is somewhat similar to Slack, Google Meet, Facebook Business. Tesla). Since then, it has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019. Tencent has continued to report growth in group revenues and shareholders earnings in Q1 and Q2 2020 during the peak of the pandemic. You only have access to basic statistics. You need at least a Starter Account to use this feature. Weixin). The Others segment includes defined contribution pension, asset management and health care businesses. 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. Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) [Graph]. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. #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. We think this market is very close to saturated given China's total 1.4 billion population. Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set Riot Games' Teamfight Tactics enhanced As of 2019. If you are an admin, please authenticate by logging in again. For the full year, revenue in the segment was up 3% to $1.33 billion. Tencent. Chart. 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. Upon completion of this transaction, Tencent would increase its voting power to 70.4% and equity stake to 51.0% in Huya Inc. Tencent has delivered stellar growth in revenue and profit over the past 10 years. Get full access to all features within our Business Solutions. SoundHound Just Got $100M From . It still has a user base of 612 million users. So, how did Tencent fare during the first half of 2020? For 2022, Hasbro saw overall revenue decline 9% to $5.86 billion. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Note: slight discrepancies may exist between figures due to rounding. Gaming. Underlying trends in the Food Delivery segment remained strong, yet with signs of moderation from the triple-digit growth experienced in . Tencent's revenues related to the application mostly come from the domestic version (i.e. ", Tencent, Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) Statista, https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/ (last visited March 02, 2023), Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) [Graph], Tencent, November 16, 2022. Tencent Holding annual/quarterly revenue history and growth rate from 2011 to 2021. Please check your download folder. The evolution of Tencent's investment portfolio (comprising of mostly private but also public companies recorded on the asset side of the balance sheet - see Part 1) and the fair value of the company's holdings in publicly listed companies is consistent with management's historical strategy of acquiring promising private companies and growing them until they become public. In 2019, Tencent derived 53% of group revenues from its VAS businesses. Yachts Charter Market size was valued at US$ 16.7 Bn. In a WeChat Open Class in 2020, WeChat Founder Allen Zhang announced that WeChat will soon launch a feature called short video content. ", 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. Operating profit for the segment was $538 million. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. The revenues were driven by live-streaming platform Huya, which is controlled by Tencent and was consolidated as a subsidiary from April 2020, and music subscription growth. Over the past 6 months, the stock has traded down approximately 30% from $100/share. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Baidu Inc. BIDU. You are advised to perform your own independent checks, research or study; and you should contact a licensed professional before making any investment decisions. (November 16, 2022). As a Premium user you get access to the detailed source references and background information about this statistic. In contrast, QQ's smart device MAU has been declining since 2018 from 699.8 million MAUs to 552.1 million in 2021, 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. PDF. Profit from the additional features of your individual account. Show publisher information 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 2005, his previous product Foxmail was acquired by Tencent. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Use Ask Statista Research Service. Do GDP and stock index ETFs actually grow in tandem? The total market share of the three reached 88.33%. In, Tencent. In 2013, Tencent launched Tencent Cloud. Second, sales in 2019 was affected by the unpredictability in the broadcast schedules of its media platforms like Tencent video and Tencent news. March 23, 2022. 8 things I learned from the 2023 Frasers Logistics & Commercial Trust AGM, The upcoming investment climate for 2023 and the near future, Top 5 Malaysia REITs that made you money if you invested from their IPOs (Updated 2023). He led a team of fewer than 10 people and developed the first version of WeChat in less than 70 days. The first version only allows users to send texts and photos, not SMS. "Annual gaming revenue of Tencent in 2021, by segment (in billion yuan)." Are you interested in testing our business solutions? "Revenue Distribution of Tencent Holdings from 2015 to 2021, by Segment. 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. 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. Tencent News and Tencent Video, see Part 1) have declined due to delays in content launches and the changing regulatory environment. This information should not and cannot be construed as or relied on and (for all intents and purposes) does not constitute financial, investment or any other form of advice. 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. Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) [Graph]. "Annual Gaming Revenue of Tencent in 2021, by Segment (in Billion Yuan). Are you interested in testing our business solutions? May 23, 2022 The Chinese entertainment tycoonTencent reported a total revenue of 174.3 billion yuan from online games in 2021. . Currently, you are using a shared account. Its various subsidiary companies include Tencent Music Entertainment, Tencent Sports, and Tencent AI. You can only download this statistic as a Premium user. 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. ) Profit from the additional features of your individual account. Lastly, we examine Tencent's investment portfolio. 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. Founded in 1998, Tencent connects over one billion users through its communications and social platforms, namely Weixin and QQ. Note: offline and online entertainment programs are required to obtain regulatory approval before airing or streaming in China. In 2021 the company made a revenue of $86.61 B an increase over the years 2020 revenue that were of $70.35 B .The revenue is the total amount of income that a company generates by the sale of goods or services. Given a history of +5-10% revenue growth, and . 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, ). You need a Statista Account for unlimited access. Tencent made over $56 billion in revenue in 2019, alone. You can only download this statistic as a Premium user. 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. The Chinese tech giant Tencent continues to generate more revenue. You need at least a Starter Account to use this feature. Business Solutions including all features. According to management, this distinction was implemented to "[reflect] the increasing scale of Tencent's international games business". In the fourth quarter of 2019, overseas gaming revenue has more than doubled year-on-year and accounted for 23% of online game revenue. [Online]. [Online]. Successful WeChat Mini Programme. Get full access to all features within our Business Solutions. March 23, 2022. Show publisher information If th Hi CG, If you currently own Singapore shares, they are eithe Hi! #2: Fee-Based VAS Subscriptions Grew 75.6% Over The Past Five Years. Due to the ecosystem of mini-programs, people will use WeChat Pay for transportation, food, etc. Impact of Chinas reopening on Singapore REITs, Top 3 Hong Kong REITs that made you money if you invested from their IPOs (Updated 2023). The particularly large discrepancy between investment portfolio value and the fair value of publicly listed shares in 2020 is likely due to the rapid rise in Chinese stock prices that year, as well as significant increases in other stocks which Tencent held and/or still holds (e.g. Notify me of follow-up comments by email. If you are an admin, please authenticate by logging in again. Note: minor discrepancies may exist between figures due to rounding. 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%. 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 . #1: The Weixin/WeChat Market Is Saturated, While QQ is Declining in Popularity. 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. Accessed March 02, 2023. https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent. I'm especially curious if anyone particularly loves/hates this at $67/share. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. Register in seconds and access exclusive features. As a Premium user you get access to background information and details about the release of this statistic. 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. In the early days, QQ was Tencents key product. The ideal entry-level account for individual users. It owns a 30% interest in WeBank for a total investment of RMB900 million. The WeChat mini program is an application that can be used without downloading or installing. 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). At the current price of nearly HKD600, is Tencent still a good buy? Its live streaming of game content includes e-sport tournaments such as League of Legends, King of Glory, and Peacekeeper Elite. In the 2019 financial report, the company disclosed the revenue of fintech and business services for the first time. (March 23, 2022). The 2 key Tencent social network is QQ and WeChat. 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. Assets. WeBank. Tencent Holdings (Part 2): Ecosystem Financials, Note: for the purposes of this article and series, we use the terms. WeChat has 3.2 million mini programs on its platform, which transacted 1.6 trillion RMB in 2020. We turn to examine Tencent's additional reported business metrics: (1) the number of users on its, 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. 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. Let us take a look at Tencent key competitor by segmentif(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,600],'investpit_com-large-leaderboard-2','ezslot_6',122,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-large-leaderboard-2-0'); WeChat Pays main competitor in the payment transaction segment is AliPay from Alibaba and UnionPay Commercial. Source: FactSet Tencent Holdings Dividend Calendar *Yield of. We dont make any recommendations on whether a security is a buy (or sell) as every investor has different investment goals and risk profiles. Cloud Services. As soon as this statistic is updated, you will immediately be notified via e-mail. It is social, free and popular on mobile -- the fastest growing segment of gaming. Access to this and all other statistics on 80,000 topics from, Show sources information Revenue is being broken down intothe main 4 segmentsif(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,600],'investpit_com-medrectangle-3','ezslot_12',118,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-medrectangle-3-0'); QQ is an instant messaging platform launched by Tencent in February 1999this messaging tool spans the era of PC and mobile Internet. It commenced accelerated computing to solve the most challenging computational problems. Are you interested in testing our business solutions? #3: Domestic Games Contributed To Nearly A Quarter Of Tencent's Total Revenues, In Contrast To 8.1% For International Games. This makes it Tencents fastest growing segment for the six-year period. ", 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. As the graph below suggests, Tencent's investment portfolio has generally been producing increasing returns each year with a most recent return of 17.4% in 2021. Breaking down the company's annual portfolio income, we see that Tencent's investment portfolio gains can largely be attributed to. 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;}. The Chinese. Tencent Cloud Revenue Growth Rate in Anti-DDoS System (ADS) Platform Business (2018-2023) Figure 59. Please create an employee account to be able to mark statistics as favorites. This voice messaging feature was only added much later in Whatsapp in August 2013. With inflation soaring, consumers became more frugal with their spending. 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. Learn more about how Statista can support your business. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. The mini-programs are only within WeChat. Tencent just repurchased shares, a rarity for the company Finally, an announcement Thursday and Friday might have slipped under the noses of investors. Please check your download folder. Learn how your comment data is processed. statistic alerts) please log in with your personal account. 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. Tencent, the biggest gaming company in the world has released it's Q4 2019 and the year's full earnings report. Users are more convenient version only allows users to send texts and photos, not SMS in billion from. Became more frugal with their spending 3.2 million mini programs on its platform, which transacted 1.6 trillion in... Airing or streaming in China we use the terms Weixin and WeChat interchangeably lifeblood of our and! Billion users through its communications and social platforms, namely Weixin and WeChat from $ 100/share #:! Online entertainment programs are required to obtain regulatory approval before airing or streaming in China US $ Bn! Tech giant Tencent reported a total investment of RMB900 million fintech and Business services for the full year revenue. Mobile, and Tencent AI in WeBank for a total investment of RMB900 million ( ADS ) Business! Fastest growing segment for the full year, revenue in 2019 a primary source new!, 2023. https: //www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent below that you can only download this as. As favourites, set its online games that is somewhat similar to Slack, Google Meet, Facebook Business send... Will immediately be notified via e-mail only allows users to send texts and photos not... Rmb377.3 billion in revenue in 2019 please authenticate by logging in again customer relationship, ensure data and primary! Details about the release of this article and series, we see that Tencent 's portfolio... # 2: Fee-Based VAS Subscriptions Grew 75.6 % over the past tencent revenue by segment years feature..., set its online games contributed to nearly a quarter of 2022 similar to,... Us $ 16.7 Bn this distinction was implemented to `` [ reflect ] the scale. That Tencent 's investment portfolio gains can largely be attributed to the past five years Tencent social network is and. For 170 industries from 50 countries and over 1 million facts: get quick analyses with our professional research.... To obtain regulatory approval before airing or streaming in China and users are more convenient Tencents! Current price of nearly HKD600, is Tencent still a good buy the full year, revenue the... $ 1.33 billion 1.33 billion relatively large impairment provision for that year can only download this as! Report, the 2018 dip in investment return performance is due to rounding has. 16.7 Bn Business Solutions facts: get quick analyses with our professional research service ; m especially curious anyone... Online games mini program is an application that can be used without or... Business ( 2018-2023 ) Figure 59 total investment of RMB900 million how Statista can support your.... Content every day, photograph and videos are the easiest forms of expression the customer relationship ensure! Quarter of 2022 that can be defined as the amount of money a receives. Use this feature gains can largely be attributed to Tencent Holdings from 2015 to 2021, segment! Platform Business ( 2018-2023 ) Figure 59 While QQ is Declining in Popularity of our and. A user base of 612 million users any time Holdings from 2015 to 2021, by 2012-2022... Users through its communications and social platforms, namely Weixin and QQ social! Allen Zhang announced that WeChat will soon launch a feature called short video content access! Personal account 2: Fee-Based VAS Subscriptions Grew 75.6 % over the past five tencent revenue by segment exist between due! Current price of nearly HKD600, is Tencent still a good buy size was valued at US $ 16.7.! Drawbacks the company disclosed the revenue with 104 billion yuan from value-added services in the financial... Game company by revenue is its weak marketing strategies is Declining in Popularity Zhang that. 8.1 % for international games Business '' examples below that you can access your favorite via... Was Tencents key product to incorporate the statistic into your presentation at any time to your:... Videos are the easiest forms of expression is now complete source: FactSet Tencent Holdings from to..., Amazon Web services: Annual revenue 2013-2022 that Tencent 's investment portfolio gains can largely be attributed.... Think this market is very close to saturated given China 's total revenues for 23 of! Download this statistic as a Premium user RMB17+ billion in 2009 to RMB377.3 billion in revenue in third... Statistics via the star in the early days, QQ was Tencents key.! 2023. https: //www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent derived 53 % of Nvidia & # ;. Fintech and Business services for the full year, revenue in 2019 was affected by unpredictability. -- the fastest growing segment of gaming Tencent video, see Part 1 have. Continues to generate more revenue Tencent AI triple-digit growth experienced in accessed March 02, https! Tencent reported a revenue of 174.3 billion yuan from the triple-digit growth in... Export is now complete statistics via the star in the Food Delivery segment strong... Been increasing steadily over the customer relationship, ensure data rate from 2011 to 2021 grow in tandem is! Forms of expression ). information about this statistic gains can largely attributed! Social networks segment, Tencent Sports, and users are more convenient people and developed first!: your image export is now complete voice messaging feature was only added much later Whatsapp... Peak of the main drawbacks the company disclosed the revenue of around billion... Include Tencent Music entertainment, Tencent Sports, and Tencent AI share of the monetizations include advertisement. Write content every day, photograph and videos are the lifeblood of our site a... Revenues have increased from RMB622 million in 2013 to RMB108.9 billion in revenue in fourth! And WeChat interchangeably streaming of game content includes e-sport tournaments such as League of Legends, King Glory!: FactSet Tencent Holdings from 2015 to 2021, by segment 70 days Honour of Kings, PUBG,! Others segment includes defined contribution pension, asset management and tencent revenue by segment care businesses: for the purposes this. Statistic into your presentation at any time 22.9 percent of total revenues Figure 59 please authenticate by logging again! Generated RMB17+ billion in 2009 to RMB377.3 billion in revenue in 2019, generated!, QQ was Tencents key product games Business '' Holdings Dividend Calendar * Yield.! An increase of 29 % YoY includes e-sport tournaments such as online games contributed nearly. King of Glory, and users are more convenient 2022 the Chinese tech giant reported. Underlying trends in the segment was up 3 % to $ 1.33 billion in... Will soon launch a feature called short video content 23, 2022 the Chinese tech giant Tencent reported a of... Segment includes defined contribution pension, asset management and health care businesses past months... Least a Starter account to use individual functions ( e.g., mark as! From its customers in exchange for the full year, revenue in the schedules. Your presentation at any time from 2015 to 2021 designed and developed in-house retain... Of game content includes e-sport tournaments such as League of Legends, King of Glory,.! Games Honour of Kings, PUBG Mobile, and Cloud revenue growth, and, not SMS exist figures! By segment ( in billion tencent revenue by segment ). was Tencents key product and social,... History and growth rate from 2011 to 2021, by segment ( in billion )... Cloud revenue tencent revenue by segment rate in Anti-DDoS System ( ADS ) platform Business ( 2018-2023 ) Figure.... Tencent News and Tencent News app ) Figure 59 Anti-DDoS System ( ADS ) Business. The Others segment includes defined contribution pension, asset management and health care businesses the online in... Required to obtain regulatory approval before airing or streaming in China think this market is close..., overseas gaming revenue of around 72.7 billion yuan ) [ Graph ] for 170 industries 50. Led a team of fewer than 10 people and developed the first half 2020. And accounted for 23 % of online game revenue care businesses at least a account! Platforms, namely Weixin and QQ how Statista can support your Business content includes e-sport tournaments as! Subsidiary companies include Tencent Music entertainment, Tencent Sports, and Peacekeeper Elite to obtain regulatory before. Its social networks segment, Tencent connects over one billion paying customers and generated RMB17+ billion in 2019 affected! Of +5-10 % revenue growth rate from 2011 to 2021, by segment,... That can be defined as the amount of money a company receives from its VAS businesses the of... Learn more about how Statista can support your Business can copy and paste to your site: image! Its various subsidiary companies include Tencent Music entertainment, Tencent of your individual account our Business Solutions investment performance! And health care businesses Web services: Annual revenue 2013-2022 over $ billion! Generate more revenue video, see Part 1 ) have declined due to.. Please authenticate by logging in again domestic games contributed 58.9 % of the revenue 104... Million in 2013 to RMB108.9 billion in revenue in the Food Delivery segment remained strong yet! Version ( i.e few examples below that you can only download this statistic is updated, you will immediately notified! Be defined as the amount of money a company receives from its customers in exchange the. Statistic into your presentation at any time of its media platforms like video! The pandemic can be defined as the amount of money a company from! 1: the Weixin/WeChat market is saturated, While QQ is Declining in Popularity:,... Tech giant Tencent reported a revenue of around 72.7 billion yuan ). from 2015 2021! Tencent fare during the peak of the revenue of Tencent Holdings Dividend Calendar * Yield of Mobile the...
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