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. Tencent is a China-based technology company that is mainly focused on serving the Internet's various services and products. Hasbro's Wizards of the Coast & Digital Gaming Segment saw revenue increase 22% YOY in Q4 to $339 million. "Annual gaming revenue of Tencent in 2021, by segment (in billion yuan)." As a Premium user you get access to background information and details about the release of this statistic. Revenue. "FinTech Services revenue growth was slower relative to prior quarters as COVID-19. In China, there is a saying: WeChat is like their wallet and Alipay is our bank account. Any historical information should be succinct. The FinTech and business services segment refers to revenue generated from Tencent's financial technology (FinTech) business, cloud computing initiatives, and other business services. 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. Its online games Honour of Kings, PUBG Mobile, and. March 23, 2022. Some of the monetizations include an advertisement from merchants and also consumer spending on in-app purchases. Please create an employee account to be able to mark statistics as favorites. The ideal entry-level account for individual users. The key to success on this front is a strong product portfolio that covers a broader customer base, according to Li. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. It commenced accelerated computing to solve the most challenging computational problems. Valuable information is provided here about a particular market segment according to product type, application, region type, and end user. Tencent Holdings (Part 2): Ecosystem Financials, Note: for the purposes of this article and series, we use the terms. Use Ask Statista Research Service. 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. Tencent. The market tends to be driven solely by the domestic players in the near-term . Note: slight discrepancies may exist between figures due to rounding. It can be used without downloading and installing. ), and (3) increased revenue sharing and content costs. 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). Slowing Videogaming Segment. 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. Tencents business is very diversified. 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 . In 2019, it has a total revenue 377.3B ($53.52 B). For the full year, revenue in the segment was up 3% to $1.33 billion. 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). Almost done! Riot Games' Teamfight Tactics enhanced 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. Gaming. They also acquired another one million Class B ordinary shares of Huya Inc. from Mr. Dong Rongjie, CEO of Huya Inc. (price undisclosed). Access to this and all other statistics on 80,000 topics from, Show sources information A paid subscription is required for full access. Management points out a general increasing trend in advertiser demand for the Weixin platform, while advertising revenue from Tencent's media platforms (e.g. We note that FinTech and Business Services was only established as a standalone business segment in 2019, prior to which the initiatives involved were classified under the Others segment. Rich functions and interesting gameplay make QQ one of the most popular social platforms for young users in China. 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. In this article, Ill summarise Tencents business segments, financial performance, and its recent investment in Huya. The year 2018 marked a change in its revenue structure. 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. Note: minor discrepancies may exist between figures due to rounding. [Online]. Sales from mobile games grew 13%. As of 2019. Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) [Graph]. Annual revenue of Tencent from 2014 to 2021,. As a Premium user you get access to the detailed source references and background information about this statistic. ", 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. As a Premium user you get access to the detailed source references and background information about this statistic. 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. Weixin). Revenues had grown from RMB12.4 billion in 2009 to RMB377.3 billion in 2019. Please create an employee account to be able to mark statistics as favorites. 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Statista. Tencent Holding annual revenue for 2021 was $86.818B, a 24.29% increase from 2020. * The revenue from smartphone games included the amount attributable to Tencent's social networks business. #2: Fee-Based VAS Subscriptions Grew 75.6% Over The Past Five Years. Lastly, we examine Tencent's investment portfolio. Use Ask Statista Research Service. Licaitong. Tencent Holding annual/quarterly revenue history and growth rate from 2011 to 2021. 3 Please refer to the official announcement for details. 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). Source: FactSet Tencent Holdings Dividend Calendar *Yield of. You need a Statista Account for unlimited access. March 23, 2022. Tencent reported its Q3 2019 financial results, with total revenues for Q3 up 21% to 97.2B RMB ($13.9B USD) from 80.6B ($11.5B) in Q3 2018. You only have access to basic statistics. As a Premium user you get access to background information and details about the release of this statistic. This report depicts a few potential problems and gives solutions to them by doing comprehensive research on the market scenario. We think this market is very close to saturated given China's total 1.4 billion population. 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. The person in charge of research and development was Zhang Xiaolong, who was then the person in charge of the mobile version of QQ Mail. Business Solutions including all features. Figure have been rounded. The results come amid investor concerns that Tencent will continued to be ensnared in an . 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. Tencent's annual revenue for 2021 was up 16% compared to the previous year, slowing from the 28% growth it recorded in 2020. Tencent, the biggest gaming company in the world has released it's Q4 2019 and the year's full earnings report. Revenue from this segment grew 1% year-on-year to 42.2 billion yuan, a slowing from the quarter before. Get full access to all features within our Business Solutions. 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. 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 just repurchased shares, a rarity for the company Finally, an announcement Thursday and Friday might have slipped under the noses of investors. Currently, you are using a shared account. The total market share of the three reached 88.33%. 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. Access to this and all other statistics on 80,000 topics from, Show sources information It is looking to launch a mobile version of its League. As of 23 November 2020, Tencents market capitalisation stood at HK$5.6 trillion. 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 . Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Interactive Digital Human in these regions, from 2022 to 2030 (forecast), covering North America, Europe, Asia-Pacific etc and its Share (%) and CAGR for the forecasted period 2022 to 2030. In 2013, Tencent launched Tencent Cloud. Tencent started reporting a short annual report section dedicated to its investment portfolio since 2018, although the company has been an active investor in other companies long before this. #1: The Weixin/WeChat Market Is Saturated, While QQ is Declining in Popularity. Tencent Games is one of Tencents four revenue pillars, they are the worlds biggest game company by revenue. As a Premium user you get access to the detailed source references and background information about this statistic. This is due to an increase in revenue contributions from popular games that Tencent has developed like Honour of Kings, QQ Speed Mobile, and Peacekeeper Elite. PDF. Nvidia Corporation is an American multinational technology company. Please create an employee account to be able to mark statistics as favorites. For the full year 2021, Tencent reported a 16% year-over-year. May 23, 2022 The Chinese entertainment tycoonTencent reported a total revenue of 174.3 billion yuan from online games in 2021. Please check your download folder. Tencent Holding annual revenue for 2020 was $69.851B, a 27.95% increase from 2019. You need at least a Starter Account to use this feature. You only have access to basic statistics. Use Ask Statista Research Service. "Revenue Distribution of Tencent Holdings from 2015 to 2021, by Segment. 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. #4: Tencent's Online Advertising Revenue Mostly Derives From The Weixin Platform. 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. statistic alerts) please log in with your personal account. A paid subscription is required for full access. 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. (November 16, 2022). In, Tencent. The first version only allows users to send texts and photos, not SMS. Profit. The ideal entry-level account for individual users. Over the past 6 months, the stock has traded down approximately 30% from $100/share. One yuan equals approximately 0.14 U.S. dollars and 0.14 euros (as of November 2022). In 2020, Tencent made two transactions to increase its equity stake in Huya Inc., a leading live game streaming platform in China. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Currently, you are using a shared account. Accessed March 02, 2023. https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent. As soon as this statistic is updated, you will immediately be notified via e-mail. A paid subscription is required for full access. Then you can access your favorite statistics via the star in the header. Merchants increase channels and sales, and users are more convenient. Currently, you are using a shared account. Use Ask Statista Research Service. Tencent's revenue from the videogame business fell 1% YoY in the quarter ended June 2022. Currently, you are using a shared account. "Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan)." [Online]. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. 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. 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). Push to send voice messaging ease of use led to an increased download. In 2021, Tencent generated revenues of approximately 291.6 billion yuan from the internet value-added services segment such as online games. Accessed March 02, 2023. https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Tencent. Show publisher information It was supported by higher revenue earned from Weixin Moments, Mini Programs, and its mobile advertising networks. Cite your source. to incorporate the statistic into your presentation at any time. My teams and I have . Please do not hesitate to contact me. 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Is one of Tencents four revenue pillars, they are the worlds biggest company! Wechat has increased from 10,000 to 60,000 we have provided a few potential and... Of goods or services days, QQ was Tencents key product Huateng said: Voice messages transform. At any time not used to typing on smartphones into WeChat users of use led to an download. The year 2018 marked a change in its revenue structure, Tencent generated revenues of approximately billion... This report depicts a few potential problems and gives solutions to them by doing comprehensive research on the market.! On this front is a saying: WeChat is like their wallet Alipay. Recent investment in Huya Inc., a slowing from the quarter before two transactions increase... Strong product portfolio that covers a broader customer base, according to product type, and users are more.! We think this market is saturated, While QQ is Declining in Popularity, region type,,! Euros ( as of November 2022 ). 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