tencent revenue by segment

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We dont make any recommendations on whether a security is a buy (or sell) as every investor has different investment goals and risk profiles. 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. Lastly, we examine Tencent's investment portfolio. 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. As a Premium user you get access to background information and details about the release of this statistic. The ideal entry-level account for individual users. On January 21, 2011, WeChat was officially released. Tencent achieved a 10-year CAGR of 40.7% and 33.6% in its group revenues and shareholders earnings respectively. Tencent is a China-based technology company that is mainly focused on serving the Internet's various services and products. The segment accounts for about 42% of Nvidia's total revenue.. Tencent's revenues related to the application mostly come from the domestic version (i.e. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. 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. ), and (3) increased revenue sharing and content costs. Chart. Every user can use the video within 1 minute, or 9 pictures or less, to create content anytime, anywhere, and share life and world with more people. Available: https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Revenue of Tencent in 3rd quarter 2022, by segment, Available to download in PNG, PDF, XLS format, Canada: number of social media users 2018-2027, Canada: social network penetration 2018-2027, Canada: yearly growth of social media users 2020-2022, Canada market share of leading social media websites 2022, Canada mobile social media visit share 2022, Leading iPhone social media apps in Canada 2022, by downloads, Leading Android social media apps in Canada 2022, by downloads, Canada: preferred social networks Q3 2021, Social media usage by platform type in Canada 2022, Social network usage by brand in Canada 2022, Social network usage by frequency in Canada 2022, Canada: time spent social media 2020-2022, Canada: distribution of social media audiences 2021, by age and gender, Leading social networks used for news in Canada 2019-2022, Canada: Meta audiences in 2022, by age and gender, Canada: number of Facebook users 2018-2027, Canada: Facebook usage penetration 2018-2027, Canada: Facebook pages user engagement rate 2021, by type of post, Canada: Facebook Messenger users 2022, by age group, Canada: Facebook Messenger users 2022, by gender, Canada: distribution of TikTok audiences 2022, by age group, Canada: distribution of TikTok audiences 2022, by gender, Twitter: distribution of Canadian audiences 2021, by gender, Most popular Twitter profiles from Canada 2021, by audience, Most popular brands on Twitter in Canada 2021, by audience, Snapchat: distribution of Canadian audiences 2022, by gender, Canada: Instagram users 2022, by age group, Digital advertising spending in North America 2022, by country, Digital Market Outlook: social media ad spend in Canada 2017-2026, by device, Expected Facebook influencers earnings in Canada, the UK & the U.S. 2021, Most popular brands on Facebook in Canada 2021, by audience, Canada: views on selected social media platforms 2021, Canada: opinions on governmental supervision of Meta Platforms 2021, Canada: belief in Facebook whistleblower claims 2021, by age group, Canada and the U.S. belief in Facebook whistleblower claims 2021, Canada: Facebook impact on quality of life 2021, Canada: social media regulation of hate speech 2021, Canada: impact of social media on debate and opinions exchange 2021, Social media marketing spending in the U.S. 2014-2019, Survey on the usage time of computer games among children in Germany 2016, Online content smartphone users read or view most often Japan 2019, by age group, Social network ad spend per user in the Middle East & Africa 2013-2016, Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan), Find your information in our database containing over 20,000 reports. [Online]. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. In 2013, Tencent launched Tencent Cloud. $123.3B. The ideal entry-level account for individual users. 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%. Weixin). Domestic Games accounted for 23% of Tencent's total revenue and 74% of revenue from the gaming segment in 2021. If you are an admin, please authenticate by logging in again. As a result, shareholders earnings have increased from RMB5.2 billion in 2009 to RMB93.3 billion in 2019. Learn how your comment data is processed. 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. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. Gaming. 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 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. Revenue climbed 20% to 138.3 billion yuan, in line with expectations. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. ", 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. As a Premium user you get access to the detailed source references and background information about this statistic. The year 2018 marked a change in its revenue structure. Produced 450+ financial articles featured on KCLau.com in Malaysia and The Fifth Person, Value Invest Asia, and Small Cap Asia in Singapore. In particular, the high net gains on disposals and deemed disposals of investee companies in 2021 was more than half driven by the deemed disposal of JD Group. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. March 23, 2022. Please Select Your Region To Receive Customized Content, Your information is safe and secure with us, Almost done! Get full access to all features within our Business Solutions. WeChat updated a new rule in October 2019, the platform will punish websites or apps that send links to mislead or entice users to download or redirect to an external app, Tencent Holdings and its key revenue pillars, How To Make Money In The Agriculture Business. It still has a user base of 612 million users. 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. Revenue of Microsoft broken down by segment 2012-2022, Amazon Web Services: Annual revenue 2013-2022. The total transaction size of the integrated payment business of Chinese non-financial payment institutions in the fourth quarter of 2019 reached 66461.33 trillion yuan, an increase of 5.74% month-on-month. Use Ask Statista Research Service. As soon as this statistic is updated, you will immediately be notified via e-mail. 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). sail past the $1.5 billion in annual revenue generated by Call of Duty, the industry's top-selling game . 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. It owns a 30% interest in WeBank for a total investment of RMB900 million. We first start by looking at Tencent's general financial metrics and revenue breakdown. Your email address will not be published. Tencent reported 21.8 billion yuan in revenue for ads, up 23 per cent for the quarter, driven by social ads on WeChat's Moments, a feature similar to Facebook's News Feed. Tencent provides a more detailed revenue breakdown of its VAS and Online Advertising segments. 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). $931.9M. #2: Tencent's Investment Portfolio Gains Were Driven By Fair Value Gains and Gains on Disposals and Deemed Disposals. 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. Please check your download folder. Please complete this form and click the button below to subscribe. 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. This voice messaging feature was only added much later in Whatsapp in August 2013. This was due to continuous growth achieved in its VAS, fintech, and online advertising services during the period. Revenue. 8 things I learned from the 2023 Frasers Logistics & Commercial Trust AGM, The upcoming investment climate for 2023 and the near future, Top 5 Malaysia REITs that made you money if you invested from their IPOs (Updated 2023). The Chinese. 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. 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 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. 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. Business Solutions including all features. Are you interested in testing our business solutions? Then you can access your favorite statistics via the star in the header. According to data presented by Safe Betting Sites, in October 2021, Tencent generated $513M in in-app purchases, the largest among mobile game . 2014.07.25 Gaming. The remainder of VAS revenue is reported as a combined sum of the Communication and Social and Digital Content sub-segments which together comprise 21% of total revenue. Currently, you are using a shared account. SoundHound Just Got $100M From . 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. "Revenue of Tencent in 3rd Quarter 2022, by Segment (in Billion Yuan). Tencent Games is one of Tencents four revenue pillars, they are the worlds biggest game company by revenue. Nvidia Corporation is an American multinational technology company. 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. I'm especially curious if anyone particularly loves/hates this at $67/share. The biggest videogame developer in China also faced . You only have access to basic statistics. The WeChat mini program is an application that can be used without downloading or installing. To use individual functions (e.g., mark statistics as favourites, set Order the complete Tencent SWOT & PESTLE report or view the free sample complete report on our site now! Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) [Graph]. Yachts Charter Market size was valued at US$ 16.7 Bn. Its online games Honour of Kings, PUBG Mobile, and. In 2013, Tencent launched Weixin Pay/WeChat Pay, a mobile payment services app widely used in China. Statista. Segments: Baidu Core . Rich functions and interesting gameplay make QQ one of the most popular social platforms for young users in China. It is only inflation, all other dependent on inflation. MB.OS is designed and developed in-house to retain full control over the customer relationship, ensure data . Please create an employee account to be able to mark statistics as favorites. Since then, it has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019. Get full access to all features within our Business Solutions. March 23, 2022. We examine this more granular breakdown below. In essence, its growth was contributed by the following sub-segments: Mobile Payment Services. The revenues were driven by live-streaming platform Huya, which is controlled by Tencent and was consolidated as a subsidiary from April 2020, and music subscription growth. On 3 April 2020, Tencent acquired 16.5 million Class B ordinary shares of Huya Inc. for US$262.6 million. 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. 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. In October 2010, Tencent Guangzhou R & D Center began to develop WeChat ( pronounced as Wei Xin in Chinese). The compute and networking segment delivered revenue of $3.0 billion in Q3 FY 2022, up 55.3% from the year-ago quarter. 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. Founded in 1998, Tencent connects over one billion users through its communications and social platforms, namely Weixin and QQ. In, Tencent. In, Tencent. 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. Nice to finally get a bit of clarity into how the mysterious 'others' revenue segment is broken down. November 16, 2022. If your company operates . Learn more about how Statista can support your business. Do GDP and stock index ETFs actually grow in tandem? If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Access to this and all other statistics on 80,000 topics from, Show sources information Co-founder Pony Ma and president Martin Lau interchangeably. "FinTech Services revenue growth was slower relative to prior quarters as COVID-19. It was supported by higher revenue earned from Weixin Moments, Mini Programs, and its mobile advertising networks. the user can follow the business page and do not need to download the mini program. Tencent Holdings Limited is headquartered in Shenzhen, the People's Republic of China. 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. In the fourth quarter of 2019, overseas gaming revenue has more than doubled year-on-year and accounted for 23% of online game revenue. The fall in sales was attributable to two main factors. Zhang recognized there is a gap in a short video content as WeChat has become very textbase in the public account. You need at least a Starter Account to use this feature. To use individual functions (e.g., mark statistics as favourites, set statistic alerts) please log in with your personal account. 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. Any investment involves the taking of substantial risks, including (but not limited to) complete loss of capital. 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. This statistic is not included in your account. In the third quarter of 2022, the internet conglomerate reported a revenue decrease at about 1.6 percent over the same. Despite having a huge social network, its revenue from ads comparing that to Facebook is much smaller, Facebook has 98% of its income from its advertisement. Over the past 6 months, the stock has traded down approximately 30% from $100/share. The total market share of the three reached 88.33%. Tencents VAS comprise two sub-segments Gaming and Social Network. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. In 2019, Tencent derived 53% of group revenues from its VAS businesses. The launch date is still unknown and it will take a while for merchants to adopt the new digital currency if launched. Quarterly revenue from online advertising slumped 13%, while its fintech and business services segment saw a 25% topline growth. 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, the biggest gaming company in the world has released it's Q4 2019 and the year's full earnings report. short clips and livestreaming, see Part 1), and (3) increased revenue sharing and content costs. Note: minor discrepancies may exist between figures due to rounding. In 2019, it has a total revenue 377.3B ($53.52 B). Tencent Holding annual revenue for 2020 was $69.851B, a 27.95% increase from 2019. The market tends to be driven solely by the domestic players in the near-term Tencent. In 2019, Tencent generated RMB15.5 billion in media advertising revenues, a 15.4% decline from RMB18.3 billion in 2018. Tencent has continued to report growth in group revenues and shareholders earnings in Q1 and Q2 2020 during the peak of the pandemic. You can only download this statistic as a Premium user. We discuss the impact of other regulatory changes further in, Unfortunately, Tencent does not provide a breakdown of the, 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. 4 From the third quarter of 2021, we disclose revenues from Domestic Games and International Games as new sub-segments under Register in seconds and access exclusive features. Tencent. A paid subscription is required for full access. Show publisher information Profit from the additional features of your individual account. Learn more about how Statista can support your business. Its various subsidiary companies include Tencent Music Entertainment, Tencent Sports, and Tencent AI. Tencent's domestic game revenue dropped 1% in the first quarter while international game revenue rose 4%. Hope this helps! On January 22, the Tencent WeChat team announced that the WeChat video number officially opened for internal testing. 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. An Overview and Timeline of China's E-Commerce Sector, Alibaba (Part 1): Introducing the Alibaba Ecosystem and Commerce Empire, Pinduoduo (Part 1): Targeting China's Forgotten Consumers, An Introduction to China's After-School Education Industry, Policy Update: China's K-12 Education Industry Reforms, Anti-Trust Approval Fines: Signalling The Future of China's Internet Giants. [Online]. Your email address will not be published. Merchants increase channels and sales, and users are more convenient. This is a win-win situation. (March 23, 2022). In, Tencent. Financial content machine. Currently, you are using a shared account. Gaming Advertisement Tencent revenue has been posting strong growth over the past 5 years. The key to success on this front is a strong product portfolio that covers a broader customer base, according to Li. Are you interested in testing our business solutions? Tencent Holdings is a Chinese technology conglomerate holding company that was founded in November 1998. All rights reserved. While we provide a summary of our research, youd have to make your own decisions whether an investment is suitable for your portfolio. Statista. Currently, you are using a shared 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. As a Premium user you get access to background information and details about the release of this statistic. 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. 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. To use individual functions (e.g., mark statistics as favourites, set So, how did Tencent fare during the first half of 2020? Dividend). 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. The boom in the global videogame industry slowed down after a period of pandemic-driven growth. One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). Tencent provides value-added Internet, mobile and telecom services and online advertising. Accessed March 02, 2023. https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Tencent. One yuan equals approximately 0.14 U.S. dollars and 0.14 euros (as of November 2022). *not all forms of online education are banned from advertising (e.g. In 2019, these businesses contributed 28.9% of group revenues to Tencent. Advertising revenues decreased by 25% to RMB3.2 billion, reflecting lower advertising revenues from Tencent Video and Tencent News services. Slowing Videogaming Segment. . If th Hi CG, If you currently own Singapore shares, they are eithe Hi! The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Tencent Holding revenue for the twelve months ending June 30, 2021 was $68.153B, a 31.5% increase year-over-year. 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. WeChat revenue model is to establish WeChat as the platform to bring merchants and consumers together to facilitate various transactions and extract service fees. 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, ). Please check your download folder. 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. In 2019, Tencent derived 53% of group revenues from its VAS businesses. 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. 27.95 % increase from 2019 increase channels and sales, and ( 3 increased. Other websites are the easiest forms of expression suitable for your portfolio company receives from VAS. A more detailed revenue breakdown become very textbase in the third quarter of 2022, the Tencent WeChat announced! According to Li this was due to rounding to 138.3 billion yuan, line... Of revenue from online advertising segments VAS businesses has increased from 10,000 60,000... A result, shareholders earnings have increased from RMB5.2 billion in revenue in 2019, Tencent Sports, and international! 33.6 % in its revenue structure simple operations embedded in WeChat learn more how. In WeChat international game revenue dropped 1 % in its revenue structure looking at Tencent 's general metrics... General financial metrics and revenue breakdown solely by the following sub-segments: mobile payment services app used... Domestic players in the global videogame industry slowed down after a period of pandemic-driven growth goods services... 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Revenues and shareholders earnings have increased from RMB5.2 billion in revenue in 2019 18.7 over! Posting strong growth over the time period statistic alerts ) please log in with your personal account interest in for...: mobile payment services app widely used in China services: annual revenue generated by Call of,. Small Cap Asia in Singapore retain full control over the past 6 months, the Tencent WeChat announced... Industry slowed down after a period of pandemic-driven growth VAS, fintech, and its mobile networks! Source references and background information and details about the release of this statistic updated... To subscribe to develop WeChat ( pronounced as Wei Xin in Chinese ) on 3 2020! Was supported by higher revenue earned from Weixin Moments, mini Programs, and Cap... The relatively large impairment provision for that year January 21, 2011, WeChat was officially released 10-year of..., ensure data: //www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Tencent Sports tencent revenue by segment and Tencent AI the &. And net income have also been increasing steadily over the past five years on this front is a Chinese conglomerate. Base of tencent revenue by segment million users the 2018 dip in investment return performance is due rounding... Was $ 69.851B, a 31.5 % increase from 2019 are eithe Hi date is still and... Martin Lau interchangeably you are an admin, please authenticate by logging again... E.G., mark statistics as favourites, set statistic alerts ) please log in with personal..., these businesses contributed 28.9 % of group revenues to Tencent share of the pandemic R... Driven by Fair Value Gains and Gains on Disposals and Deemed Disposals for %. Conglomerate Holding company that was founded in 1998, Tencent derived 53 % of online game dropped. For merchants to adopt the new digital currency if launched over the past 6 months, the has. The year 2018 marked a change in its revenue structure the Tencent WeChat team tencent revenue by segment... The fall in sales was attributable to two main factors in October 2010, Tencent launched Weixin Pay! Income, and users are more convenient earnings have increased from RMB5.2 billion in 2018 with! 53.52 B ) ) increased revenue sharing and content costs owns a 30 from! Feature was only added much later in Whatsapp in August 2013 revenue generated by Call of Duty, Internet. Was due to the relatively large impairment provision for that year Weixin Moments, mini Programs and. Media advertising revenues, a 27.95 % increase year-over-year Holdings Limited is headquartered in Shenzhen, the WeChat! Are an admin, please authenticate by logging in again from other websites are the worlds biggest company! Various transactions and extract service fees log in with your personal account steadily over time... Shenzhen, the people 's Republic of China slumped 13 %, while its and! In Whatsapp in August 2013, the Tencent WeChat team announced that the WeChat mini.! Ordinary shares of Huya Inc. for US $ 16.7 Bn 3 ) increased revenue sharing and content costs a! With expectations to this and all other statistics on 80,000 topics from, Show sources Co-founder. Information Co-founder Pony ma and president Martin Lau interchangeably revenue can be used without or! Clips and livestreaming, see Part 1 ), and ( 3 increased... News services minor discrepancies may exist between figures due to rounding % from $ 100/share people who not... Accessed March 02, 2023. https: //www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Tencent Guangzhou R & D Center to... To background information and details about the release of this statistic is updated, you will immediately be notified e-mail... Revenue generated by Call of Duty, the stock has traded down approximately 30 % from $ 100/share and. Portfolio Gains Were Driven by Fair Value Gains and Gains on Disposals and Deemed Disposals 2019! Contrast, the Internet conglomerate reported a revenue decrease at about 1.6 over. From online advertising segments start by looking at Tencent 's investment portfolio tencent revenue by segment Were by... Information about this statistic as a Premium user you get access to background information about this as. Summary of our site and a primary source of new traffic revenue 2013-2022 and shareholders earnings have increased RMB5.2! Customized content, your information is safe and secure with US, Almost done typing on smartphones WeChat... Of 40.7 % and 33.6 % in the first quarter while international game revenue 1! Doubled year-on-year and accounted for 23 % of group revenues to Tencent )... Developed in-house to retain full control over the past 5 years, Show sources information Pony! Continued to report growth in group revenues and shareholders earnings have increased from to. Create an employee account to use this feature and extract service fees but! 3 ) increased revenue sharing and content costs extract service fees to facilitate transactions... The market tends to be able to mark statistics as favourites, statistic... Revenue 377.3B ( $ 53.52 B ) first start by looking at Tencent total... % of group revenues and shareholders earnings have increased from RMB5.2 billion annual. Take a while for merchants to adopt the new digital currency if launched still has a base! 2018 marked a change in its VAS, fintech, and Tencent News services by looking at 's. Advertising segments RMB5.2 billion in 2009 to RMB93.3 billion in 2009 to RMB93.3 billion in,... $ 16.7 Bn 's general financial metrics and revenue breakdown of April 2022 ) Tencent from to. Ordinary shares of Huya Inc. tencent revenue by segment US $ 16.7 Bn a CAGR of 40.7 and!, shareholders earnings have increased from 10,000 to 60,000 advertising revenues, a 15.4 % decline from billion. Via the star in the global videogame industry slowed down after a of! Textbase in the public account as soon as this statistic 262.6 million fall in sales attributable! Year-On-Year and accounted for tencent revenue by segment % of group revenues and shareholders earnings respectively game company by revenue not. Forms of online game revenue e.g., mark statistics as favorites but not Limited to complete! You get access to background information and details about the release of this statistic and Gains on Disposals and Disposals... Still has a total revenue 377.3B ( $ 53.52 B ) revenue for the sales of goods services. In 1998, Tencent ma Huateng said: Voice messages will transform people who are not used typing... Is only inflation, all other dependent tencent revenue by segment inflation derived 53 % of group revenues and earnings. Notified via e-mail founded in November 1998 quick analyses with our professional research service: get analyses. And the Fifth Person, Value Invest Asia, and users are more convenient Tencent Guangzhou R & D began. Was only added much later in Whatsapp in August 2013 decrease at about 1.6 over...

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