Use Ask Statista Research Service. The mini-programs are only within WeChat. Quarterly revenue from online advertising slumped 13%, while its fintech and business services segment saw a 25% topline growth. Almost done! You need at least a Starter Account to use this feature. Transportation via Didi Chuxing, train tickets, WeChat wallet that people purchase their daily needs via the app. 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. Rich functions and interesting gameplay make QQ one of the most popular social platforms for young users in China. Press release - DeepResearchReports - Global Short Video Ads Solution Market Emerging Trends, Segment Analysis and Industry Forecast 2023 - 2029 - published on openPR.com Tencent Holdings (Part 2): Ecosystem Financials, Note: for the purposes of this article and series, we use the terms. According to management, this distinction was implemented to "[reflect] the increasing scale of Tencent's international games business". 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. Use tab to navigate through the menu items. Revenue. March 23, 2022. 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%. Business Solutions including all features. #1: The Weixin/WeChat Market Is Saturated, While QQ is Declining in Popularity. sail past the $1.5 billion in annual revenue generated by Call of Duty, the industry's top-selling game . In contrast, International Games accounted for 8.1% of total revenue and 26% of gaming segment revenue the same year. 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. ) 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 Holdings Estimates* in CNY Yearly Quarterly * Average Estimates in Million (e.g. 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. #3: Domestic Games Contributed To Nearly A Quarter Of Tencent's Total Revenues, In Contrast To 8.1% For International Games. Learn more about how Statista can support your business. . Lau added Tencent will add a new. 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. ) As a Premium user you get access to background information and details about the release of this statistic. 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. 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. For 2022, Hasbro saw overall revenue decline 9% to $5.86 billion. In 2019, it has a total revenue 377.3B ($53.52 B). statistic alerts) please log in with your personal account. Domestic Games accounted for 23% of Tencent's total revenue and 74% of revenue from the gaming segment in 2021. If th Hi CG, If you currently own Singapore shares, they are eithe Hi! According to Tencent 's latest financial reports the company's current revenue (TTM) is $83.64 B . He led a team of fewer than 10 people and developed the first version of WeChat in less than 70 days. Get full access to all features within our Business Solutions. 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. Financial content machine. Then you can access your favorite statistics via the star in the header. Tencents business is very diversified. $931.9M. Revenue distribution of Tencent Holdings from 2015 to 2021, by segment [Graph]. This is a win-win situation. Accessed March 02, 2023. https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Tencent. PDF. Merchants increase channels and sales, and users are more convenient. Tencent is a Chinese multinational company situated in Shenzhen, China. Tencent News and Tencent Video, see Part 1) have declined due to delays in content launches and the changing regulatory environment. 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. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Instagram accounts with the most followers worldwide 2023, Number of apps available in leading app stores Q3 2022, Most popular global mobile messaging apps 2022, Twitter: number of monthly active users 2010-2019, Internet usage in India - statistics & facts, Profit from additional features with an Employee Account. Currently, you are using a shared account. Tencent. In contrast, Media Advertising accounted for only 2.4% of total revenue and 15% of online advertising revenue. I know they to have a very loyal customer following. This business is the key contributor of growth to its online advertising revenues as it achieved a CAGR of 57.1% over the past four years in revenues from RMB8.7 billion in 2015 to RMB52.9 billion in 2019. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Segments: Baidu Core . [Online]. It further helps to keep you ahead of your business competitors. You can only download this statistic as a Premium user. To use individual functions (e.g., mark statistics as favourites, set Revenues have increased from RMB622 million in 2013 to RMB108.9 billion in 2019. You need a Statista Account for unlimited access. #1: Tencent's Investment Portfolio Generated Increasing Returns Year Over Year. According to data presented by Safe Betting Sites, in October 2021, Tencent generated $513M in in-app purchases, the largest among mobile game . Any investment involves the taking of substantial risks, including (but not limited to) complete loss of capital. In, Tencent. 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. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. In October 2010, Tencent Guangzhou R & D Center began to develop WeChat ( pronounced as Wei Xin in Chinese). $123.3B. 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. Get full access to all features within our Business Solutions. It is looking to launch a mobile version of its League. Dividend investor. 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. Profits. have declined due to delays in content launches and the changing regulatory environment. In its social networks segment, Tencent generated revenues of 26.7B ($3.85B), representing an increase of 29% YoY. This increases its voting power to 50.9% and equity stakes to 36.9% in Huya Inc. On 10 August 2020, Tencent entered into a Definite Share Transfer Agreement to acquire 30 million Class B ordinary shares of Huya Inc. for US$ 810 million from JOYY Inc. Its online games Honour of Kings, PUBG Mobile and Peacekeeper Elite. 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). . 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. Over the same period, Tencent generated RMB578.8 billion in operating cash flow which signifies high quality of earnings. Co-founder Pony Ma and president Martin Lau joined an earnings call. We think this market is very close to saturated given China's total 1.4 billion population. Discover how to invest in dividend stocks and REITs, and create your very own dividend machine. 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. Please Select Your Region To Receive Customized Content, Your information is safe and secure with us, Almost done! A paid subscription is required for full access. "Revenue of Tencent in 3rd Quarter 2022, by Segment (in Billion Yuan). In 2013, Tencent launched Tencent Cloud. 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. Cite your source. Chart. Produced 450+ financial articles featured on KCLau.com in Malaysia and The Fifth Person, Value Invest Asia, and Small Cap Asia in Singapore. Show publisher information 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. One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). 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. Segment by Type - Cloud-Based - On-Premise Segment by Application - Enterprise - Government - Operator - Others By Region - North America - - United States - - Canada . 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. This is contributed by growth in live broadcast and video streaming services during the period. In 2019, Tencent derived 53% of group revenues from its VAS businesses. "Annual Gaming Revenue of Tencent in 2021, by Segment (in Billion Yuan). This statistic is not included in your account. Note: slight discrepancies may exist between figures due to rounding. Tencent increased revenues 25 per cent year on year to Rmb135bn ($21bn) during the quarter, led by strong growth at its fintech and business services unit, which includes its ubiquitous mobile. Please do not hesitate to contact me. Get full access to all features within our Business Solutions. Social Network. The ideal entry-level account for individual users. Gaming. Tencent. However, there is still room for further improvement in other game genres such as role-playing games. 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Please create an employee account to be able to mark statistics as favorites. Tencent Video Subscriptions: This segment contributes an estimated RMB 9.6 bln ($1.5 bln) which is 1.9% of revenues. During the last reported year, Tencent Holdings Limited generated 52 percent of its. To use individual functions (e.g., mark statistics as favourites, set FinTech Services revenue growth primarily reflected increasing commercial Statista. 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. 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