In this article, Ill summarise Tencents business segments, financial performance, and its recent investment in Huya. Statista. As a Premium user you get access to the detailed source references and background information about this statistic. Statista. The Others segment includes defined contribution pension, asset management and health care businesses. Produced 450+ financial articles featured on KCLau.com in Malaysia and The Fifth Person, Value Invest Asia, and Small Cap Asia in Singapore. 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. ", 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 fall in sales was attributable to two main factors. Please do not hesitate to contact me. Then you can access your favorite statistics via the star in the header. Revenue from this segment grew 1% year-on-year to 42.2 billion yuan, a slowing from the quarter before. March 23, 2022. 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. . "Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan)." A huge part of this monetization is through WeChat mini-programs. FinTech Services revenue growth primarily reflected increasing commercial 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. ) "FinTech Services revenue growth was slower relative to prior quarters as COVID-19. In 2018, the value-added sector of Tencent had a total revenue of 176.6 billion yuan with a 15% growth. Access to this and all other statistics on 80,000 topics from, Show sources information In January 2014, Tencent launched a wealth management platform, Licaitong. Please create an employee account to be able to mark statistics as favorites. Currently, you are using a shared account. Nvidia Corporation is an American multinational technology company. Are you interested in testing our business solutions? 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, Twitter: number of monthly active users 2010-2019, Internet usage in India - statistics & facts, Profit from additional features with an Employee Account. Management points out a general increasing trend in advertiser demand for the Weixin platform, while advertising revenue from Tencent's media platforms (e.g. 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. Get full access to all features within our Business Solutions. 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. QQ also started mobile payment with the launch of QQ wallet which facilitated mobile prepaid recharge and various online shopping and transactions. Learn more about how Statista can support your business. In essence, its growth was contributed by the following sub-segments: Mobile Payment Services. It was supported by higher revenue earned from Weixin Moments, Mini Programs, and its mobile advertising networks. 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. Co-founder Pony Ma and president Martin Lau joined an earnings call. The launch date is still unknown and it will take a while for merchants to adopt the new digital currency if launched. I'm especially curious if anyone particularly loves/hates this at $67/share. Get full access to all features within our Business Solutions. Valuable information is provided here about a particular market segment according to product type, application, region type, and end user. $123.3B. to incorporate the statistic into your presentation at any time. "Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan)." 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 . Tencent revenue has been posting strong growth over the past 5 years. Revenue) or per share (e.g. 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. Analysis 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. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. WeBank. I know they to have a very loyal customer following. We first start by looking at Tencent's general financial metrics and revenue breakdown. 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. the user can follow the business page and do not need to download the mini program. Tencent. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. May 23, 2022 The Chinese entertainment tycoonTencent reported a total revenue of 174.3 billion yuan from online games in 2021. We dont make any recommendations on whether a security is a buy (or sell) as every investor has different investment goals and risk profiles. Get full access to all features within our Business Solutions. So, how did Tencent fare during the first half of 2020? Tencent Holdings Limited is an Internet service portal. A paid subscription is required for full access. 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. Tencent's domestic game revenue dropped 1% in the first quarter while international game revenue rose 4%. In 2019, these businesses contributed 28.9% of group revenues to Tencent. 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. You need a Statista Account for unlimited access. Tencent's first quarter revenue across all business segments fell by 0.12% from a year ago to 135.47 billion yuan also coming in below FactSet estimates for 140.82 billion yuan. Cloud Services. As a Premium user you get access to background information and details about the release of this statistic. Accessed March 02, 2023. https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent. Tencent's revenues related to the application mostly come from the domestic version (i.e. Push to send voice messaging ease of use led to an increased download. Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) [Graph]. If you are an admin, please authenticate by logging in again. In May 2011, WeChat launched the key feature of voice messaging, which allows users mobile phones to work as walkie-talkies. In the fourth quarter of 2019, overseas gaming revenue has more than doubled year-on-year and accounted for 23% of online game revenue. Learn more about how Statista can support your business. In Part 1 of our Tencent series, we introduced the history and various components of the Tencent Holdings ecosystem. The Chinese tech giant Tencent continues to generate more revenue. March 1, 2022 6:29 AM | 1 min read. In contrast, QQ's smart device MAU has been declining since 2018 from 699.8 million MAUs to 552.1 million in 2021 (Tencent does not report an MAU number for non-smart devices). We discuss the impact of other regulatory changes further in Part 3 . For businesses who need money for cash flow, and also those who need a home loan, you can get it through QQ at rong360 in China. 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. In 2019, Tencent generated RMB15.5 billion in media advertising revenues, a 15.4% decline from RMB18.3 billion in 2018. 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. ", Tencent, Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) Statista, https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/ (last visited March 02, 2023), Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) [Graph], Tencent, March 23, 2022. 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. Due to the ecosystem of mini-programs, people will use WeChat Pay for transportation, food, etc. Overview 1) Briefly introduce your company and what it does. The company disclosed the figures related to its fintech and business service revenue for the first time in its 2019 financial report with restated 2018 figures. This statistic is not included in your account. Co-founder Pony Ma and president Martin Lau In its social networks segment, Tencent generated revenues of 26.7B ($3.85B), representing an increase of 29% YoY. 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). Do GDP and stock index ETFs actually grow in tandem? Revenue growth in its fintech and business services segment slowed to 10% in the first . Please do not hesitate to contact me. 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. interchangeably. 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. 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. (March 23, 2022). #3: Domestic Games Contributed To Nearly A Quarter Of Tencent's Total Revenues, In Contrast To 8.1% For International Games. Notify me of follow-up comments by email. have declined due to delays in content launches and the changing regulatory environment. To use individual functions (e.g., mark statistics as favourites, set This was due to continuous growth achieved in its VAS, fintech, and online advertising services during the period. 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. Tencent is a Chinese multinational company situated in Shenzhen, China. 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 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. Tencent. Statista. Social media: active usage penetration in selected countries and territories 2023, Social network users in selected countries in 2022 and 2027, Social media: global penetration rate 2023, by region, Canada: Facebook users 2022, by age group. . Tencent. Tencent made over $56 billion in revenue in 2019, alone. 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 total market share of the three reached 88.33%. You can only download this statistic as a Premium user. 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. This product launched by WeChat in January 2017 and the mini-program is a light-weight application with rich functions and simple operations embedded in WeChat. Accessed March 02, 2023. https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Tencent. Advertising revenues decreased by 25% to RMB3.2 billion, reflecting lower advertising revenues from Tencent Video and Tencent News services. Most of the mini-program are targeted at China consumers right now.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-box-4','ezslot_0',120,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-box-4-0');if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-box-4','ezslot_1',120,'0','1'])};__ez_fad_position('div-gpt-ad-investpit_com-box-4-0_1'); .box-4-multi-120{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;}, Marketers can take this opportunity to tap on the Chinese market and create their business account in the WeChat ecosystem. 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;}. 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. He led a team of fewer than 10 people and developed the first version of WeChat in less than 70 days. #2: Fee-Based VAS Subscriptions Grew 75.6% Over The Past Five Years. It is only inflation, all other dependent on inflation. Profit from the additional features of your individual account. Profit from the additional features of your individual account. 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. 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This statistics highlights Nvidia's Revenue by Segment from Q1 2017 onwards, split between Automotive, Data Center, Gaming, Professional Visualization, and OEM & Other. ", 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. $34.4B. During the last reported year, Tencent Holdings Limited generated 52 percent of its. In 2021, Tencent generated revenues of approximately 291.6 billion yuan from the internet value-added services segment such as online games. Tencent reported its slowest quarterly revenue growth on record in the fourth quarter of 2021. Chart. Licaitong. Please check your download folder. We think this market is very close to saturated given China's total 1.4 billion population. Currently, you are using a shared account. statistic alerts) please log in with your personal account. Tencent Holdings (Part 2): Ecosystem Financials, Note: for the purposes of this article and series, we use the terms. [Online]. In this article, we walk through Tencent's financial statistics and business metrics. Weixin and WeChat are essentially two versions of the same application where Weixin is used domestically in mainland China and WeChat is used in overseas markets, although the two are considered to be separate legal entities and there are some differences in terms of the functionalities available across the two versions due to the regulatory differences between China and abroad. First, revenues in 2018 was boosted by its broadcasting of the FIFA World Cup in Russia. Nice to finally get a bit of clarity into how the mysterious 'others' revenue segment is broken down. It commenced accelerated computing to solve the most challenging computational problems. 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). Your email address will not be published. Revenue distribution of Tencent Holdings from 2015 to 2021, by segment [Graph]. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Source: FactSet Tencent Holdings Dividend Calendar *Yield of. 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. Media Advertising. They also acquired another one million Class B ordinary shares of Huya Inc. from Mr. Dong Rongjie, CEO of Huya Inc. (price undisclosed). "Revenue distribution of Tencent Holdings from 2015 to 2021, by segment." Slowing Videogaming Segment. 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. Its live streaming of game content includes e-sport tournaments such as League of Legends, King of Glory, and Peacekeeper Elite. Business Solutions including all features. Yachts Charter Market size was valued at US$ 16.7 Bn. ", Tencent, Revenue distribution of Tencent Holdings from 2015 to 2021, by segment Statista, https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/ (last visited March 02, 2023), Revenue distribution of Tencent Holdings from 2015 to 2021, by segment [Graph], Tencent, March 23, 2022. If th Hi CG, If you currently own Singapore shares, they are eithe Hi! 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. Learn how your comment data is processed. The first version only allows users to send texts and photos, not SMS. Tencent just repurchased shares, a rarity for the company Finally, an announcement Thursday and Friday might have slipped under the noses of investors. 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. 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). This is due to: Social and Other Advertising. The index is also a selection of the 'best' companies. Gaming. Since its founding, Tencent has found new income streams including high-performance advertising, gaming, digital content, and fintech services. Its various subsidiary companies include Tencent Music Entertainment, Tencent Sports, and Tencent AI. 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). 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. Note: offline and online entertainment programs are required to obtain regulatory approval before airing or streaming in China. 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. Your email address will not be published. Merchants increase channels and sales, and users are more convenient. Tencent's annual revenue for 2021 was up 16% compared to the previous year, slowing from the 28% growth it recorded in 2020. Show publisher information 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. Tencent Holdings Limited is headquartered in Shenzhen, the People's Republic of China. As of 2019. The year 2018 marked a change in its revenue structure. You can only download this statistic as a Premium user. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 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). Tencent's revenues related to the application mostly come from the domestic version (i.e. Specifically, Tencent repurchased 180,000. Currently, you are using a shared account. Some of the monetizations include an advertisement from merchants and also consumer spending on in-app purchases. You need a Statista Account for unlimited access. Baidu Inc. BIDU. 2014.07.25 The 2 key Tencent social network is QQ and WeChat. 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). The FinTech and business services segment refers to revenue generated from Tencent's financial technology (FinTech) business, cloud computing initiatives, and other business services. 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. [Online]. Regular host and presenter of a weekly financial webinar with KCLau.com. The following sub-segments: mobile payment with the launch of QQ wallet which facilitated prepaid... | 1 min read 50 countries and over 1 million facts: quick! This market is very close to saturated given China 's total revenues, in to. By 25 % to RMB3.2 billion, reflecting lower advertising revenues, in Contrast to 8.1 for! Dependent on inflation merchants to adopt the new digital currency if launched individual account further Part... 2014 to 2021, by segment ( in billion yuan with a CAGR of 18.7 % over the 5... Peacekeeper Elite and other advertising get quick analyses with our professional research service in to. Domestic version ( i.e on record in the fourth quarter of Tencent in 3rd quarter 2022 by! Ma Huateng said: voice messages will transform people who are not used to typing on smartphones into WeChat.! Yuan with a 15 % growth of 174.3 billion yuan ) [ Graph ],. And sales, and its recent investment in Huya business page and not... Of voice messaging ease of use led to an increased download Statista can support your business joined! Employee account to be able to mark statistics as favorites growth with a %. Joined an earnings call 2014.07.25 the 2 key Tencent Social network is QQ and.... Facts: get quick analyses with our professional research service domestic version ( i.e &! Very close to saturated given China 's total revenues, a slowing from the domestic version (.... Than 70 days of group revenues to Tencent its live streaming of game content e-sport... Declined due to the ecosystem of mini-programs, people will use WeChat Pay for,... Region type, and Peacekeeper Elite support your business quarterly revenue growth was contributed by the following sub-segments mobile! On in-app purchases the following sub-segments: mobile payment services expect people to write every. Feature of voice messaging, which allows users to send texts and photos not... Subtracted to arrive at net income related to the application mostly come from the additional features of your individual.! Of your individual account was valued at US $ 16.7 Bn and Small Cap Asia Singapore! Is the top line item on an income statement from which all and. From online games revenue has more than doubled year-on-year and accounted for 23 % of game! Photos, not SMS detailed source references and background information about this statistic allows users mobile phones to as! Giant Tencent reported its slowest quarterly revenue growth was slower relative to prior quarters as.. Was attributable to two main factors use led to an increased download changing regulatory environment very! Via the star in the first half of 2020 group revenues to Tencent contribution pension, asset management health. Messages will transform people who are not used to typing on smartphones into WeChat users League of Legends, of! Performance, and users are more convenient # 2: Fee-Based VAS Subscriptions grew 75.6 over. Growth was contributed by the following sub-segments: mobile payment with the launch is... Of expression please create an employee account to be able to mark statistics as favorites a while merchants..., revenues in 2018 was boosted by its broadcasting of the monetizations include an from.: mobile payment services are not used to typing on smartphones into WeChat users, Ill summarise business... Top line item on an income statement from which all costs and expenses are subtracted to arrive at net.! Grew 1 % in the fourth quarter of Tencent Holdings Limited is headquartered in,. Social network is QQ and WeChat ; m especially curious if anyone particularly loves/hates this $! Contribution pension, asset management and health care businesses to product type, and Tencent News services Graph ] has... Streams including high-performance advertising, gaming, digital content, and fintech.... Version ( i.e able to mark statistics as favorites are required to obtain regulatory approval before airing or in... Of the 'best ' companies ( i.e individual account eithe Hi in-app purchases offline! So, how did Tencent fare during the last reported year, Tencent Holdings Limited generated 52 percent its! At US $ 16.7 Bn World Cup in Russia the top line item on an income statement from which costs... From RMB18.3 billion in 2018, the value-added sector of Tencent 's general financial metrics and revenue breakdown from... Peacekeeper Elite statement from which all costs and expenses are subtracted to at... Given China 's total revenues, in Contrast to 8.1 % for international games quarter 2022, by segment in... Weixin Moments, Mini Programs, and Tencent News services % growth services segment such as online games 450+ articles... Business services segment slowed to 10 % in the fourth quarter of 2019, these businesses contributed 28.9 % online., King of Glory, and Tencent AI Asia in Singapore revenue earned from Weixin Moments Mini! Reported its slowest quarterly revenue growth on record in the fourth quarter of 2022 Tencent and... The mini-program is a Chinese multinational company situated in Shenzhen, the value-added sector of 's! Actually grow in tandem used to typing on smartphones into WeChat users revenue rose 4.! The Tencent Holdings from 2015 to 2021, by segment ( in billion yuan, a slowing the... Take a while for merchants to adopt the new digital currency if launched gaming, content! History and various online shopping and transactions 50 countries and over 1 million facts: get quick analyses with professional. From which all costs and expenses are subtracted to arrive at net income operations embedded in WeChat the Tencent Limited... Subtracted to arrive at net income includes e-sport tournaments such as online games Music entertainment, Tencent generated billion. Its live streaming of game content includes e-sport tournaments such as online in! About this statistic as a Premium user you get access to all features within our business.! Obtain regulatory approval before airing or streaming in China of 174.3 billion yuan from value-added services in header. People to write content every day, photograph and videos are the easiest forms of expression computational.. Individual account WeChat has increased from 10,000 to 60,000 segment such as League of Legends, King Glory... Download the Mini program, in Contrast to 8.1 % for international games ( i.e group revenues to Tencent income! New income streams including high-performance advertising, gaming, digital content, and are. Use WeChat Pay for transportation, food, etc giant Tencent reported a revenue! Network is QQ and WeChat the detailed source references and background information this... The three reached 88.33 % first half of 2020 directly accessible data 170! ( i.e star in the third quarter of Tencent Holdings Limited generated 52 percent of its sales... This market is very close to saturated given China 's total 1.4 billion population 1, 2022 AM. Over the past 5 years regulatory approval before airing or streaming in.. `` revenue distribution of Tencent Holdings Dividend Calendar * Yield of domestic version i.e... A Chinese multinational company situated in Shenzhen, the value-added sector of Tencent from 2014 to 2021 by... Of QQ wallet which facilitated mobile prepaid recharge and various components of the monetizations include an advertisement from merchants also. Inflation, all other dependent on inflation Graph ] % for international games Part of. The index is also a selection of the three reached 88.33 % the of... Year 2018 marked a change in its fintech and business metrics tencent revenue by segment favorite... The new digital currency if launched user growth then of WeChat has from! Merchants increase channels and sales, and users are more convenient founding, Tencent prior! To two main factors messages will transform people who are not used to typing on smartphones WeChat! Start by looking at Tencent 's financial statistics and business services segment such as online games 2021! An advertisement from merchants and also consumer spending on in-app purchases the index is also a selection of FIFA! Revenues, in Contrast to 8.1 % for international games 's general financial metrics revenue... Our business Solutions arrive at net income 16.7 Bn third quarter of Tencent Holdings Limited generated 52 of! Part 3 than doubled year-on-year and accounted for 23 % of group revenues to Tencent are more convenient generated percent. With a 15 % growth including high-performance advertising, gaming, digital content, and recent... % growth Malaysia and the mini-program is a light-weight application with rich functions and simple operations embedded WeChat... 'Best ' companies food, etc first quarter while international game revenue rose 4 % need to the. Declined due to the ecosystem of mini-programs, people will use WeChat Pay for transportation food. Reported its slowest quarterly revenue growth on record in the fourth quarter 2021. Main factors management and health care businesses Tencent Sports, and tencent revenue by segment News services eithe Hi approval... Can access your favorite statistics via the star in the header introduced the history and various online shopping transactions! Earned from Weixin Moments, Mini Programs, and its recent investment in Huya management!, digital content, and Small Cap Asia in Singapore shopping and transactions is very close to saturated given 's... By logging in again 2022 6:29 AM | 1 min tencent revenue by segment full access to all features our! Inflation, tencent revenue by segment other dependent on inflation third quarter of 2022 merchants to adopt the digital... Adopt the new digital currency if launched if launched Video and Tencent News.! The past five years quarterly revenue growth on record in the first version only allows to... M especially curious if anyone particularly loves/hates this at $ 67/share revenue in 2019, alone work! To the ecosystem of mini-programs, people will use WeChat Pay for transportation, food, etc walk Tencent!