Weixin). 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. Activision is the company behind Call of Duty, Warcraft, Diablo, Candy Crush, etc. In the fourth quarter of 2019, overseas gaming revenue has more than doubled year-on-year and accounted for 23% of online game revenue. Over the same period, Tencent generated RMB578.8 billion in operating cash flow which signifies high quality of earnings. MB.OS is designed and developed in-house to retain full control over the customer relationship, ensure data . Then you can access your favorite statistics via the star in the header. In a WeChat Open Class in 2020, WeChat Founder Allen Zhang announced that WeChat will soon launch a feature called short video content. Segments: Baidu Core . Tencent Video Subscriptions: This segment contributes an estimated RMB 9.6 bln ($1.5 bln) which is 1.9% of revenues. 3 Please refer to the official announcement for details. Tencent. Tencent Games is one of Tencents four revenue pillars, they are the worlds biggest game company by revenue. In the China Quarterly Payment Integrated Payment Market Quarterly Monitoring Report Q4 2019 report released by Yiguan shows that the total transaction size of the transactions of Chinas third-party payment institutions in the fourth quarter of 2019 reached 66,461.33 billion yuan, an increase of 5.74% from the previous quarter. Profit from the additional features of your individual account. Are you interested in testing our business solutions? 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 To use individual functions (e.g., mark statistics as favourites, set WeChat has 3.2 million mini programs on its platform, which transacted 1.6 trillion RMB in 2020. Please do not hesitate to contact me. The overview should not exceed half a page double-spaced. Please check your download folder. As soon as this statistic is updated, you will immediately be notified via e-mail. Sales from mobile games grew 13%. #4: Tencent's Online Advertising Revenue Mostly Derives From The Weixin Platform. Show publisher information 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 . According to Tencent 's latest financial reports the company's current revenue (TTM) is $83.64 B . In 2019, it has over RMB900 billion in aggregated customer assets, an increase from over RMB300 billion in 2017. The mini-programs are only within WeChat. [Online]. statistic alerts) please log in with your personal account. Order the complete Tencent SWOT & PESTLE report or view the free sample complete report on our site now! At the current price of nearly HKD600, is Tencent still a good buy? 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). Chinese tech giant Tencent recorded a total revenue of 273.6 billion yuan (US$42.3 billion) for the first half of 2021, a 23% increase from H1 2020's revenue of 222.9 billion yuan (US$34.5. This statistic is not included in your account. This report depicts a few potential problems and gives solutions to them by doing comprehensive research on the market scenario. Tencent News and Tencent Video, see Part 1) have declined due to delays in content launches and the changing regulatory environment. Access to this and all other statistics on 80,000 topics from, Show sources information Operating profit for the segment was $538 million. Currently, you are using a shared account. 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. ) Get full access to all features within our Business Solutions. Every investor has different strategies, risk tolerances and time frames. A paid subscription is required for full access. Revenue) or per share (e.g. Are you interested in testing our business solutions? It owns a 30% interest in WeBank for a total investment of RMB900 million. Business Solutions including all features. Tencent achieved a CAGR of 23.7% over the past six years in Gaming revenues, up from RMB32.0 billion in 2013 to RMB114.7 billion in 2019. * The revenue from smartphone games included the amount attributable to Tencent's social networks business. On January 22, the Tencent WeChat team announced that the WeChat video number officially opened for internal testing. Use Ask Statista Research Service. In 2013, Tencent launched Tencent Cloud. #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. Revenue growth in its fintech and business services segment slowed to 10% in the first . Tencent Holding annual/quarterly revenue history and growth rate from 2011 to 2021. The company's products and services include instant messaging service, online media, wireless. The Tencent Video segment is based on the video streaming service. Tencent. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. Segment by Type - Cloud-Based - On-Premise Segment by Application - Enterprise - Government - Operator - Others By Region - North America - - United States - - Canada . Learn more about how Statista can support your business. Dividend investor. SoundHound Just Got $100M From . to incorporate the statistic into your presentation at any time. Alibaba has two main growth engines: its Chinese commerce segment, which generated 68% of its revenue in the first nine months of fiscal 2023, and its cloud segment, which generated 9% of its revenue. You only have access to basic statistics. This statistic is not included in your account. Register in seconds and access exclusive features. You need a Statista Account for unlimited access. According to management, this distinction was implemented to "[reflect] the increasing scale of Tencent's international games business". As a Premium user you get access to background information and details about the release of this statistic. As a Premium user you get access to the detailed source references and background information about this statistic. $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. It is social, free and popular on mobile -- the fastest growing segment of gaming. 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). Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. You are advised to perform your own independent checks, research or study; and you should contact a licensed professional before making any investment decisions. Are you interested in testing our business solutions? ", 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. The index is also a selection of the 'best' companies. to incorporate the statistic into your presentation at any time. In 2013, Tencent launched Weixin Pay/WeChat Pay, a mobile payment services app widely used in China. 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. Accessed March 02, 2023. https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent. It was supported by higher revenue earned from Weixin Moments, Mini Programs, and its mobile advertising networks. "Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan)." The ideal entry-level account for individual users. In this article, we walk through Tencent's financial statistics and business metrics. Register in seconds and access exclusive features. For the full year, revenue in the segment was up 3% to $1.33 billion. You need at least a Starter Account to use this feature. Revenues have increased from RMB622 million in 2013 to RMB108.9 billion in 2019. One of the main drawbacks the company has is its weak marketing strategies. Your email address will not be published. In this note we discuss Electronic Arts' business model, its revenue segments, sales trends, and forecast. In 2005, his previous product Foxmail was acquired by Tencent. Overview 1) Briefly introduce your company and what it does. 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. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Tencent's revenue from the videogame business fell 1% YoY in the quarter ended June 2022. On 3 April 2020, Tencent acquired 16.5 million Class B ordinary shares of Huya Inc. for US$262.6 million. You can only download this statistic as a Premium user. 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. 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. Learn more about how Statista can support your business. Chart. Tencent's gross profit has remained relatively stable with a slight decline over the past five years due to: (1) a shift in revenue mix from the higher-margin gaming businesses towards lower margin businesses such as digital content subscriptions, livestreaming services, and cloud-related business services, (2) continued investments in strategic areas, particularly infrastructure and bandwidth to support the rapid growth of the company's video account services (e.g. In 2021, Tencent recorded total revenue of RMB560.1 billion and operating income of RMB271.6 billion #1: Tencent's Investment Portfolio Generated Increasing Returns Year Over 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. Tencent's Business Segments Tencent's corporate structure is divided into six different groups. Gaming. 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). We have also set the operating . We discuss the impact of other regulatory changes further in Part 3 . FinTech Services revenue growth primarily reflected increasing commercial This statistic is not included in your account. Statista. Tencent made over $56 billion in revenue in 2019, alone. March 1, 2022 6:29 AM | 1 min read. 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. #1: The Weixin/WeChat Market Is Saturated, While QQ is Declining in Popularity. Weixin). We think this market is very close to saturated given China's total 1.4 billion population. With inflation soaring, consumers became more frugal with their spending. Notify me of follow-up comments by email. During the last reported year, Tencent Holdings Limited generated 52 percent of its. Then you can access your favorite statistics via the star in the header. Licaitong. 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. This is contributed by growth in live broadcast and video streaming services during the period. 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. Please do not hesitate to contact me. 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. They also acquired another one million Class B ordinary shares of Huya Inc. from Mr. Dong Rongjie, CEO of Huya Inc. (price undisclosed). 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. reported fourth-quarter FY21 revenue growth of 9% year-on-year to $5.19 billion, beating the consensus of $5.09 billion. ", 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. The Spot on, Jones! It is only inflation, all other dependent on inflation. As mentioned in Part 1, the VAS segment is broken down into: (1) domestic games, (2) international games, (3) communication and social, and (4) digital content, while the Online Advertising segment comprises of the two sub-segments: (1) social and other advertising, and (2) media advertising. Financial content machine. Its largest segment is Services, which accounted for 68% of total revenues in fiscal 2019. As a Premium user you get access to background information and details about the release of this statistic. We first start by looking at Tencent's general financial metrics and revenue breakdown. You only have access to basic statistics. Accessed March 02, 2023. https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Tencent. statistic alerts) please log in with your personal account. Alibaba Cloud Computing Revenue Growth Rate in . 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. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Impact of Chinas reopening on Singapore REITs, Top 3 Hong Kong REITs that made you money if you invested from their IPOs (Updated 2023). Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. The fall in sales was attributable to two main factors. Statistic into your presentation at any time increase from over RMB300 billion in 2019, has... To delays in content launches and the changing regulatory environment not exceed half a page double-spaced was! The statistic into your presentation at any time US $ 262.6 million revenue Mostly Derives from videogame... 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Into your presentation at any time the Weixin Platform higher revenue earned from Weixin Moments, Mini Programs and... ; PESTLE report or view the free sample complete report on our site now the videogame business fell 1 YoY... Online game tencent revenue by segment consensus of $ 5.09 billion Open Class in 2020 WeChat...
tencent revenue by segment
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