have declined due to delays in content launches and the changing regulatory environment. This was due to continuous growth achieved in its VAS, fintech, and online advertising services during the period. Management claims that the decline in QQ's smart device MAU is due to Tencent's purging of spam and bot accounts, although we think that consumer switching from QQ to Weixin also plays a role as users migrate from the more PC-oriented QQ platform to mobile-friendly Weixin (see Part 1). The segment accounts for about 42% of Nvidia's total revenue.. *not all forms of online education are banned from advertising (e.g. March 23, 2022. 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. Profit from the additional features of your individual account. 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Available: https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Revenue distribution of Tencent Holdings from 2015 to 2021, by segment, Available to download in PNG, PDF, XLS format, IT data center systems total spending worldwide 2012-2023, Global cloud IT infrastructure spending 2013-2026, Global public IT cloud services revenue 2016-2021, by segment, Spending on cloud and data centers 2009-2021, by segment, Global hyperscale operators capex 2016-2021, by quarter, Vendor revenue from the public cloud services IaaS market worldwide 2015-2021, Global IaaS and PaaS hyperscaler revenue 2018-2021, by vendor, Global IaaS and PaaS hyperscaler market share 2020-2022, by vendor, Global hyperscaler cloud number of marketplace services 2021, by hyperscaler, Hyperscale cloud marketplace services used Europe and United States 2021, by category, China's cloud infrastructure service market Q4 2019-Q3 2022, by company, Global colocation data center market revenue 2021-2028, Global figure of hyperscale data centers 2015-2021, Share of hyperscale data center locations worldwide in Q3 2021, by IT load capacity, Global market share of colocation data center revenue worldwide 2021, by vendor, Tencent revenue distribution 2015-2021, by segment, Cloud usage by organizations worldwide 2019-2022, by vendor, Global adoption and repatriation of cloud vendors 2022, by vendor, Global current and future IaaS provider choice 2020-2022, by provider, Expected change in technology investments worldwide 2022, Importance of no cloud vendor lock-in worldwide 2019-2022, Tencent: profit before income tax 2008-2021, Digital content industry turnover in Spain 2010-2018, Annual advertising revenue of China's digital music market 2013-2023, Estimated annual value of Amazon Prime 2018, French Internet users' level of trust towards Internet services 2020, Number of Grindr DAU and MAU worldwide 2018, Share of major companies offering live chat in Finland 2013-2018, U.S. adult online dating usage 2019, by age, Share of major companies offering location services online in Finland 2013-2017, Companies equipped with a website by sector in France 2020, Share of individuals who heard of the right to delete their data in Sweden 2019, Share of major companies offering call-to-action buttons in Finland 2016-2019, Confidence granted to brands displaying customer reviews in France in 2015, by gender, U.S. internet users addicted to social media 2019, by ethnicity, Instagram frequency of use in Italy 2019, by age, Preferred locations for using online dating sites or apps in the UK June 2017, Find your information in our database containing over 20,000 reports. Get full access to all features within our Business Solutions. Order the complete Tencent SWOT & PESTLE report or view the free sample complete report on our site now! Please create an employee account to be able to mark statistics as favorites. Use tab to navigate through the menu items. As soon as this statistic is updated, you will immediately be notified via e-mail. 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. The first version only allows users to send texts and photos, not SMS. This makes it Tencents fastest growing segment for the six-year period. Note: for the purposes of this article and series, we use the terms Weixin and WeChat interchangeably. Access to this and all other statistics on 80,000 topics from, Show sources information Every investor has different strategies, risk tolerances and time frames. 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). 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 . Discover how to invest in dividend stocks and REITs, and create your very own dividend machine. 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. Quarterly revenue from online advertising slumped 13%, while its fintech and business services segment saw a 25% topline growth. Almost done! . 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). You need at least a Starter Account to use this feature. I help EdTech, FinTech and Technology companies break through growth stagnation by creating AI-first, data driven products, market expansion, and global strategic partnerships. Show publisher information If your company operates . Gaming Advertisement Source: FactSet Tencent Holdings Dividend Calendar *Yield of. We examine this more granular breakdown below. 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. Sales from mobile games grew 13%. adult classes and additional interest classes such as sports or music can still be advertised), #5: Individual Revenue Contributions Remain Undisclosed For FinTech and Cloud Computing. Lau added Tencent will add a new. (March 23, 2022). Are you interested in testing our business solutions? In 2013, Tencent launched Weixin Pay/WeChat Pay, a mobile payment services app widely used in China. 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. One of the main drawbacks the company has is its weak marketing strategies. Enter your email address to receive FREE weekly investment insights, stock analysis, case studies & more! . [Online]. The Chinese. It is only inflation, all other dependent on inflation. 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. Revenue of Microsoft broken down by segment 2012-2022, Amazon Web Services: Annual revenue 2013-2022. In, Tencent. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Since then, it has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019. 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. My teams and I have . Tencent's revenues related to the application mostly come from the domestic version (i.e. Nice to finally get a bit of clarity into how the mysterious 'others' revenue segment is broken down. Rich functions and interesting gameplay make QQ one of the most popular social platforms for young users in China. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Yachts Charter Market size was valued at US$ 16.7 Bn. Tencents business model: How Tencent makes money. Tencent is a China-based technology company that is mainly focused on serving the Internet's various services and products. reported fourth-quarter FY21 revenue growth of 9% year-on-year to $5.19 billion, beating the consensus of $5.09 billion. support@swotandpestle.com; . The major producers in this industry include Tencent, Microsoft, Sony, etc., whose annual revenue accounts for 4.16%, 4.08% and 3.99% respectively. Tencent is a Chinese multinational company situated in Shenzhen, China. Show publisher information You are advised to perform your own independent checks, research or study; and you should contact a licensed professional before making any investment decisions. 2) Discuss whether the company operates as one or multiple business segments, list any business segments, and explain which business segment will be the focus of your paper (see below). If th Hi CG, If you currently own Singapore shares, they are eithe Hi! They also acquired another one million Class B ordinary shares of Huya Inc. from Mr. Dong Rongjie, CEO of Huya Inc. (price undisclosed). SoundHound Just Got $100M From . The ideal entry-level account for individual users. As a Premium user you get access to background information and details about the release of this statistic. Click here to subscribe and stay tuned for future updates! Users can chat with friends anytime, anywhere, videos, emoticons, other personalized themes for users, make new friends with similar interests here via groups. 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. Given a history of +5-10% revenue growth, and . 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. "Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan)." #1: Tencent's Investment Portfolio Generated Increasing Returns Year Over Year. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Since the initial outbreak in Wuhan, the COVID-19 pandemic has brought many changes to our daily lives and caused disruptions to both businesses and economies worldwide. Please do not hesitate to contact me. It owns a 30% interest in WeBank for a total investment of RMB900 million. In 2013, Tencent launched Tencent Cloud. PDF. 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. ) Activision is the company behind Call of Duty, Warcraft, Diablo, Candy Crush, etc. Any historical information should be succinct. Tencent Games is one of Tencents four revenue pillars, they are the worlds biggest game company by revenue. Accessed March 02, 2023. https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Tencent. For the full year 2021, Tencent reported a 16% year-over-year. March 23, 2022. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. 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. While we provide a summary of our research, youd have to make your own decisions whether an investment is suitable for your portfolio. 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, ). 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. Note: minor discrepancies may exist between figures due to rounding. As a Premium user you get access to background information and details about the release of this statistic. #3: Domestic Games Contributed To Nearly A Quarter Of Tencent's Total Revenues, In Contrast To 8.1% For International Games. Currently, you are using a shared account. Each voice message cannot exceed 60 seconds. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. There was a huge fall in the growing rate of the game sector from 32% in 2017, to 6% in 2018. 4 From the third quarter of 2021, we disclose revenues from Domestic Games and International Games as new sub-segments under Please check your download folder. In 2014, Tencent established WeBank together with other investors, namely Liye Group and Baiyeyuan. According to Tencent 's latest financial reports the company's current revenue (TTM) is $83.64 B . 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. $931.9M. "Revenue distribution of Tencent Holdings from 2015 to 2021, by segment." 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. The Online Advertising segment is dominated by revenue from Social and Other Advertising, which contributed to 13.4% of Tencent's total revenue and 85% of online advertising revenue in 2021. 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. As a Premium user you get access to background information and details about the release of this statistic. 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. The key to success on this front is a strong product portfolio that covers a broader customer base, according to Li. Its online games Honour of Kings, PUBG Mobile and Peacekeeper Elite. $123.3B. This statistic is not included in your account. There is also business functionality of QQ that is somewhat similar to Slack, Google Meet, Facebook Business. Use Ask Statista Research Service. Revenues had grown from RMB12.4 billion in 2009 to RMB377.3 billion in 2019. As soon as this statistic is updated, you will immediately be notified via e-mail. 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. Dividend). To use individual functions (e.g., mark statistics as favourites, set This report depicts a few potential problems and gives solutions to them by doing comprehensive research on the market scenario. Accessed March 02, 2023. https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, 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. Own Singapore shares, they are eithe Hi segment. WeChat interchangeably in content launches and the changing regulatory.! In its VAS, fintech, and create your very own dividend machine Calendar * Yield of Year! Is the company has is its weak marketing strategies advertising slumped 13 %, its! 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