Tencent provides value-added Internet, mobile and telecom services and online advertising. The index is also a selection of the 'best' companies. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Tencent. Quarterly revenue from online advertising slumped 13%, while its fintech and business services segment saw a 25% topline growth. 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. Revenue climbed 20% to 138.3 billion yuan, in line with expectations. 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. In, Tencent. 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. As a Premium user you get access to the detailed source references and background information about this statistic. #1: Tencent's Investment Portfolio Generated Increasing Returns Year Over Year. My teams and I have . Tencents business model: How Tencent makes money. Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) [Graph]. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. In a WeChat Open Class in 2020, WeChat Founder Allen Zhang announced that WeChat will soon launch a feature called short video content. Licaitong. 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, ). Tencent's revenues related to the application mostly come from the domestic version (i.e. Business Solutions including all features. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. 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;}. Breaking down the company's annual portfolio income, we see that Tencent's investment portfolio gains can largely be attributed to. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 199811" "Founded in 1998, Tencent is an Internet-based platform company using technology to enrich the lives of Internet users and assist the digital upgrade of enterprises. Zhang recognized there is a gap in a short video content as WeChat has become very textbase in the public account. 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. Over the past year or so, the Chinese regulators have been delaying approvals for various shows as part of an effort to ensure the propriety of programs that are being publicly broadcasted. Learn more about how Statista can support your business. ", 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. Tencent Holdings Limited is an Internet service portal. You need a Statista Account for unlimited access. In 2021, Tencent generated revenues of approximately 291.6 billion yuan from the internet value-added services segment such as online games. Valuable information is provided here about a particular market segment according to product type, application, region type, and end user. 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). This statistic is not included in your account. Dividend investor. Tencent Holdings (Part 2): Ecosystem Financials, Note: for the purposes of this article and series, we use the terms. 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. 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. #1: The Weixin/WeChat Market Is Saturated, While QQ is Declining in Popularity. I'm especially curious if anyone particularly loves/hates this at $67/share. As of December 2019, Tencent had exceeded 1 billion daily average transactions for commercial payments with over 800 million monthly active users. While we provide a summary of our research, youd have to make your own decisions whether an investment is suitable for your portfolio. As of 2019. Learn more about how Statista can support your business. [Online]. The Others segment includes defined contribution pension, asset management and health care businesses. March 23, 2022. Impact of Chinas reopening on Singapore REITs, Top 3 Hong Kong REITs that made you money if you invested from their IPOs (Updated 2023). 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. Nice to finally get a bit of clarity into how the mysterious 'others' revenue segment is broken down. Gaming. Underlying trends in the Food Delivery segment remained strong, yet with signs of moderation from the triple-digit growth experienced in . Tencent Video Subscriptions: This segment contributes an estimated RMB 9.6 bln ($1.5 bln) which is 1.9% of revenues. In Part 1 of our Tencent series, we introduced the history and various components of the Tencent Holdings ecosystem. This voice messaging feature was only added much later in Whatsapp in August 2013. Revenues have increased from RMB622 million in 2013 to RMB108.9 billion in 2019. Transportation via Didi Chuxing, train tickets, WeChat wallet that people purchase their daily needs via the app. Segment by Type - Cloud-Based - On-Premise Segment by Application - Enterprise - Government - Operator - Others By Region - North America - - United States - - Canada . 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. 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. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. We calculate the investment income generated from Tencent's portfolio each year as a percentage of the ending portfolio value from the preceding 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. support@swotandpestle.com; . Business Solutions including all features. 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. Please complete this form and click the button below to subscribe. Tencent's annual revenue for 2021 was up 16% compared to the previous year, slowing from the 28% growth it recorded in 2020. Register in seconds and access exclusive features. 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. May 23, 2022 The Chinese entertainment tycoonTencent reported a total revenue of 174.3 billion yuan from online games in 2021. "Annual Gaming Revenue of Tencent in 2021, by Segment (in Billion Yuan). Profit from the additional features of your individual account. The segment accounts for about 42% of Nvidia's total revenue.. 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. 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. Your email address will not be published. During the second quarter of 2020, the company posted net sales (revenue) of RMB 114.83 billion. "Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan)." 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. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Chart. The Spot on, Jones! Tencent Cloud Revenue Growth Rate in Anti-DDoS System (ADS) Platform Business (2018-2023) Figure 59. However, there is still room for further improvement in other game genres such as role-playing games. 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). However, more people will choose to store money in Alipay due to financial services like investment products, Yuebao, Yulibao, funds, gold, stocks, and other financial management tools.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[250,250],'investpit_com-leader-1','ezslot_15',124,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-leader-1-0'); A recent leak revealed a test version of a mobile digital currency app reportedly developed by one of Chinas largest state-owned banks, the Agricultural Bank of China. 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. Are you interested in testing our business solutions? Note: minor discrepancies may exist between figures due to rounding. 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. Tencent. Then you can access your favorite statistics via the star in the header. In 2019, it has a total revenue 377.3B ($53.52 B) Tencent Holdings Revenue by Year Tencent Revenue and its core channel Revenue is being broken down into the main 4 segments Tencent social network The 2 key Tencent social network is QQ and WeChat. 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. . As soon as this statistic is updated, you will immediately be notified via e-mail. Segments: Baidu Core . sail past the $1.5 billion in annual revenue generated by Call of Duty, the industry's top-selling game . Use tab to navigate through the menu items. Its largest segment is Services, which accounted for 68% of total revenues in fiscal 2019. Tencent Holdings Estimates* in CNY Yearly Quarterly * Average Estimates in Million (e.g. This is because of higher subscription of both its video and music contents, rising gaming time, and growth in social advertising, cloud, and fintech revenues as more people stayed at home during the period. Available: https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Annual revenue of Tencent from 2014 to 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, South Korea Kakao's annual net profit 2013-2021, Tencent: profit before income tax 2008-2021, Digital content industry turnover in Spain 2010-2018, Most popular beauty and fashion websites in Poland 2021, by user number, Leading gossip websites in Poland 2021, by user number, Leading online services for women in Poland 2020, by users, Leading educational websites in Poland 2020, by users, Estimated annual value of Amazon Prime 2018, Annual advertising revenue of China's digital music market 2013-2023, Leading health online services in Poland 2021, Drivers of online recommendations in Brazil 2022, U.S. internet users addicted to social media 2019, by gender, Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan), Find your information in our database containing over 20,000 reports. Lastly, we examine Tencent's investment portfolio. 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. Baidu Inc. BIDU. 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.