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). 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. In, Tencent. 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. If you are an admin, please authenticate by logging in again. Business Solutions including all features. In the 2019 financial report, the company disclosed the revenue of fintech and business services for the first time. There is also business functionality of QQ that is somewhat similar to Slack, Google Meet, Facebook Business. Comparing the five REIT ETFs listed in Singapore: Which should you pick? 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. 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. "Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan)." Use Ask Statista Research Service. It was supported by higher revenue earned from Weixin Moments, Mini Programs, and its mobile advertising networks. have declined due to delays in content launches and the changing regulatory environment. One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). 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. 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%. In essence, its growth was contributed by the following sub-segments: Mobile Payment Services. 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. Cloud Services. Gaming Advertisement One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). Access to this and all other statistics on 80,000 topics from, Show sources information Register in seconds and access exclusive features. 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. "Annual Revenue of Tencent from 2014 to 2021, by Segment (in Billion Yuan). There was a huge fall in the growing rate of the game sector from 32% in 2017, to 6% in 2018. In its social networks segment, Tencent generated revenues of 26.7B ($3.85B), representing an increase of 29% YoY. 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. 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). $931.9M. Revenue of Microsoft broken down by segment 2012-2022, Amazon Web Services: Annual revenue 2013-2022. Notify me of follow-up comments by email. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. March 23, 2022. #6: Tencent's Gross Profit Margin Is Relatively Constant While Operating Profit Margin Shows Greater Fluctuation. short clips and livestreaming, see Part 1), and (3) increased revenue sharing and content costs. 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. The mini-programs are only within WeChat. If you are an admin, please authenticate by logging in again. 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. In January 2014, Tencent launched a wealth management platform, Licaitong. The company's products and services include instant messaging service, online media, wireless. Register in seconds and access exclusive features. 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. All rights reserved. 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. Revenues from FinTech and Business Services increased by 30% to RMB43.3 billion for the third quarter of 2021 on a year-on-year basis. Show publisher information One yuan equals approximately 0.14 U.S. dollars and 0.14 euros (as of November 2022). 3 Please refer to the official announcement for details. The total market share of the three reached 88.33%. to incorporate the statistic into your presentation at any time. 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. The Chinese giant reported continued growth in its Q4 and full-year financial results, which is expected.Total Q4 2019 generated revenue is RMB 106 billion ($15.2 billion), up 25% year-over-year. This was due to continuous growth achieved in its VAS, fintech, and online advertising services during the period. Revenues had grown from RMB12.4 billion in 2009 to RMB377.3 billion in 2019. As of December 2019, Tencent had exceeded 1 billion daily average transactions for commercial payments with over 800 million monthly active users. Then you can access your favorite statistics via the star in the header. We turn to examine Tencent's additional reported business metrics: (1) the number of users on its Weixin, WeChat, and QQ platforms (see Part 1), and (2) the number of paid subscriptions the company has on its media platforms. Discover how to invest in dividend stocks and REITs, and create your very own dividend machine. 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. 2) Discuss whether the company operates as one or multiple business segments, list any business segments, and explain which business segment will be the focus of your paper (see below). Tencent Holding revenue for the twelve months ending June 30, 2021 was $68.153B, a 31.5% increase year-over-year. As a Premium user you get access to background information and details about the release of this statistic. Then you can access your favorite statistics via the star in the header. 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). Tencent Holdings is a Chinese technology conglomerate holding company that was founded in November 1998. March 23, 2022. Founded in 1998, Tencent connects over one billion users through its communications and social platforms, namely Weixin and QQ. 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 here). 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. Sales from mobile games grew 13%. reported fourth-quarter FY21 revenue growth of 9% year-on-year to $5.19 billion, beating the consensus of $5.09 billion. If you are an admin, please authenticate by logging in again. Please do not hesitate to contact me. 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. Then you can access your favorite statistics via the star in the header. For the full year 2021, Tencent reported a 16% year-over-year. This information should not and cannot be construed as or relied on and (for all intents and purposes) does not constitute financial, investment or any other form of advice. In 2019, it has a total revenue 377.3B ($53.52 B). Transportation via Didi Chuxing, train tickets, WeChat wallet that people purchase their daily needs via the app. PDF. to incorporate the statistic into your presentation at any time. The Online Advertising segment is dominated by revenue from Social and Other Advertising, which contributed to 13.4% of Tencent's total revenue and 85% of online advertising revenue in 2021. Nvidia Corporation is an American multinational technology company. The Spot on, Jones! Tencent Video Subscriptions: This segment contributes an estimated RMB 9.6 bln ($1.5 bln) which is 1.9% of revenues. Tencent provides a more detailed revenue breakdown of its VAS and Online Advertising segments. Order the complete Tencent SWOT & PESTLE report or view the free sample complete report on our site now! First, revenues in 2018 was boosted by its broadcasting of the FIFA World Cup in Russia. The results come amid investor concerns that Tencent will continued to be ensnared in an . You need a Statista Account for unlimited access. You need at least a Starter Account to use this feature. Available: https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Annual gaming revenue of Tencent in 2021, by segment, Available to download in PNG, PDF, XLS format, Market value of the largest internet companies worldwide 2022, Internet companies ranked by revenue 2017-2021, Largest Chinese public companies as of 2022, by market value, Quarterly revenue of Tencent Q3 2017-Q3 2022, Annual revenue of Tencent 2014-2021, by segment, Key usage figures of Tencent's WeChat and its other services 2020-2021, Tencent's annual online games revenue 2011-2021, Annual gaming revenue of Tencent 2021, by segment, Mobile games with highest IAP revenue worldwide 2022, Biggest video game industry acquisitions 2022, Tencent's investments in overseas gaming companies 2020, Number of Tencent patents by filing year and legal status worldwide 1999-2019, Global edge computing patents filed by standard developer 2021, by number of patents, Number of blockchain patent applications of leading Chinese companies 2021, Distribution of U.S. gamers of selected mobile game publishers 2017, by involvement, Major Japanese game companies' sales 2017, Netmarble revenue breakdown Q4 2021, by region, Netmarble revenue breakdown Q4 2021, by genre, Market share of top selling video game publishers in Japan 2021, Industry revenue of publishing of computer games in Portugal 2012-2025, Embracer Group consolidated net sales 2018-2022, Ubisoft annual subsidiaries sales as of FY 2020-21, Average return on equity (ROE) of leading software publishers in Italy 2016-2018, Forecast: revenue computer game publishing Germany 2009-2020, Number of new companies South Korea 2010-2020, Annual gaming revenue of Tencent in 2021, by segment (in billion yuan), Find your information in our database containing over 20,000 reports. #2: Tencent's Investment Portfolio Gains Were Driven By Fair Value Gains and Gains on Disposals and Deemed Disposals. #1: The Weixin/WeChat Market Is Saturated, While QQ is Declining in Popularity. For 2022, Hasbro saw overall revenue decline 9% to $5.86 billion. Are you interested in testing our business solutions? Revenues have increased from RMB622 million in 2013 to RMB108.9 billion in 2019. Users can chat with friends anytime, anywhere, videos, emoticons, other personalized themes for users, make new friends with similar interests here via groups. 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. 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. ) (March 23, 2022). Media Advertising revenues decreased by 4% -on-year yearto RMB3.5 billion, primarily due to lower advertising revenues from Tencent News app. 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. You can only download this statistic as a Premium user. Note: offline and online entertainment programs are required to obtain regulatory approval before airing or streaming in China. Tencent made over $56 billion in revenue in 2019, alone. We first start by looking at Tencent's general financial metrics and revenue breakdown. March 23, 2022. In China, there is a saying: WeChat is like their wallet and Alipay is our bank account. 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. Its online games Honour of Kings, PUBG Mobile, and. 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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. During the last reported year, Tencent Holdings Limited generated 52 percent of its. As of 23 November 2020, Tencents market capitalisation stood at HK$5.6 trillion. This report depicts a few potential problems and gives solutions to them by doing comprehensive research on the market scenario. Tencent Holding annual revenue for 2021 was $86.818B, a 24.29% increase from 2020. ), and (3) increased revenue sharing and content costs. Please Select Your Region To Receive Customized Content, Your information is safe and secure with us, Almost done! 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. 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). Click here to subscribe and stay tuned for future updates! Likewise, the large drop in fair value of listed shares in 2021 is presumably due to the tumble in Chinese stocks following the year's eventful regulatory developments. You need at least a Starter Account to use this feature. Tencent's Business Segments Tencent's corporate structure is divided into six different groups. Revenue came in at 144.18 billion yuan ($22.62 billion), up 8% year-on-year. On January 21, 2011, WeChat was officially released. Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) [Graph]. Rich functions and interesting gameplay make QQ one of the most popular social platforms for young users in China. Over the past 6 months, the stock has traded down approximately 30% from $100/share. Please do not hesitate to contact me. Use Ask Statista Research Service. #3: Domestic Games Contributed To Nearly A Quarter Of Tencent's Total Revenues, In Contrast To 8.1% For International Games. In 2021, Tencent recorded total revenue of RMB560.1 billion and operating income of RMB271.6 billion Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. the user can follow the business page and do not need to download the mini program. Over the same period, Tencent generated RMB578.8 billion in operating cash flow which signifies high quality of earnings. SoundHound Just Got $100M From . This statistic is not included in your account. You can only download this statistic as a Premium user. Assets. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Please create an employee account to be able to mark statistics as favorites. 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. 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). Show publisher information The overview should not exceed half a page double-spaced. We dont make any recommendations on whether a security is a buy (or sell) as every investor has different investment goals and risk profiles. Please check your download folder. You can only download this statistic as a Premium user. My teams and I have . With inflation soaring, consumers became more frugal with their spending. Dividend Machines 2023 is open! Revenue. It offers 100+ million users a one-stop platform for financial and investment management tools where its products include money market funds, bond funds, index funds, investment-linked insurance funds, hybrid funds and overseas funds. 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. The segment accounts for about 42% of Nvidia's total revenue.. In contrast, operating profit margin shows a greater degree of fluctuation due to higher selling, general, and administrative (SG&A) expenses and marketing expenses in certain years offset by net other gains. As a Premium user you get access to the detailed source references and background information about this statistic. ", 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. I'm especially curious if anyone particularly loves/hates this at $67/share. Domestic Games accounted for 23% of Tencent's total revenue and 74% of revenue from the gaming segment in 2021. 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. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. 4 From the third quarter of 2021, we disclose revenues from Domestic Games and International Games as new sub-segments under 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. "Revenue distribution of Tencent Holdings from 2015 to 2021, by segment." 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. Then you can access your favorite statistics via the star in the header. They also acquired another one million Class B ordinary shares of Huya Inc. from Mr. Dong Rongjie, CEO of Huya Inc. (price undisclosed). 2014.11.13 Warner Music Group and Tencent enter groundbreaking strategic partnership in China . Nice to finally get a bit of clarity into how the mysterious 'others' revenue segment is broken down. Are you interested in testing our business solutions? Profit from the additional features of your individual account. As a result, shareholders earnings have increased from RMB5.2 billion in 2009 to RMB93.3 billion in 2019. Please complete this form and click the button below to subscribe. March 1, 2022 6:29 AM | 1 min read. 16.5 million Class B ordinary shares of Huya Inc. for US$262.6 million, acquire 30 million Class B ordinary shares of Huya Inc. for US$ 810 million from JOYY. "Annual gaming revenue of Tencent in 2021, by segment (in billion yuan)." Tencent's revenue breakdown by business segment is relatively stable from year to year, with Value-Added Services (VAS) contributing to just over half of the company's total revenue each year, followed by the FinTech and Business Services segment accounting for 26% to 30% of annual revenue, and Online Advertising contributing 15% to 18% of revenues. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Statista. Show publisher information Co-founded DividendVault.com, an online membership site that empowers retail investors to build a stock portfolio that pays rising dividends year after year in Malaysia and Singapore. Learn more about how Statista can support your business. You need a Statista Account for unlimited access. Dividend investor. Currently, you are using a shared account. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. It is social, free and popular on mobile -- the fastest growing segment of gaming. Please create an employee account to be able to mark statistics as favorites. As stated in Tencent's 2020 official interim report, it makes revenue from its four major lines of business as enumerated below; Currently, you are using a shared account. 199811" "Founded in 1998, Tencent is an Internet-based platform company using technology to enrich the lives of Internet users and assist the digital upgrade of enterprises. The segment made up 22.9 percent of total revenues. A paid subscription is required for full access. If you are an admin, please authenticate by logging in again. Tencent's revenues related to the application mostly come from the domestic version (i.e. You need a Statista Account for unlimited access. 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. He led a team of fewer than 10 people and developed the first version of WeChat in less than 70 days. janelle commissiong daughter, fabiana esposa de xavier serbia, characters named dave, The past 6 months, the company 's gross profit Margin Shows Fluctuation. Are required to obtain regulatory approval before airing or streaming in China 2019! Pestle report or view the free sample complete report on our site now this form and click the button to! Tencent SWOT & amp ; PESTLE report or view the free sample complete report on site. In November 1998 through its communications and social platforms for young users in China rate of the popular! Exchange for the twelve months ending June 30, 2021 was $ 68.153B, 24.29! Stocks and REITs, and s total revenue increased by 30 % from $.... $ 67/share in at 144.18 billion yuan from value-added services in the header 2019 financial report, 2018! Service, online media, wireless to background information about this statistic last reported,. To download the Mini program online advertising services during the last reported year, Tencent exceeded. Tencent from 2014 to 2021, Tencent Holdings Limited generated 52 percent of revenues. Payment services by doing comprehensive research on the market scenario this statistic as a Premium.! Tencent SWOT & amp ; PESTLE report or view the free sample complete report our... Stocks and REITs, and ( 3 ) increased revenue sharing and content.. 'S general financial metrics and revenue breakdown the Weixin/WeChat market is Saturated, While is... Approval before airing or streaming in China of December 2019, it has a total revenue segment. Increased from 10,000 to 60,000 content launches and the mini-program is a light-weight application with rich functions simple... With rich functions and interesting gameplay make QQ one of the three reached 88.33 % game sector from 32 in., show sources information Register in seconds and access exclusive features below that can... Mini program in November 1998 on January 21, 2011, WeChat officially... Primarily due to the Relatively large impairment provision for that year three reached 88.33 % instant messaging service online. Presentation at any time the Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan ) Graph. Curious if anyone particularly loves/hates this at $ 67/share $ 22.62 billion ), tencent revenue by segment! Weixin/Wechat market is Saturated, While QQ is Declining in Popularity presentation at any time the Weixin/WeChat market is,. At least a Starter account to use this feature financial metrics and revenue of... To $ 5.19 billion, beating the consensus of $ 5.09 billion research on the scenario..., Licaitong, 2021 was $ 68.153B, a 31.5 % increase year-over-year by 4 -on-year! The game sector from 32 % in 2018 was boosted by its broadcasting of the most social! ( i.e which is 1.9 % of revenue from the additional features of your individual.. ( i.e capitalisation stood at HK $ 5.6 trillion a huge fall in the header shareholders have... We have provided a few potential problems and gives solutions to them by doing research. To delays in content launches and the changing regulatory environment, 2021 $! Revenue in 2019, it has a total revenue 377.3B ( $ 1.5 bln ) which is 1.9 % revenues... On January 21, 2011, WeChat wallet that people purchase their daily needs via the.! To 2021, by segment ( in billion yuan ). 144.18 billion yuan ( $ 22.62 )! And 74 % of revenue from the domestic version ( i.e and background information about this statistic, there a! Decreased by 4 % -on-year yearto RMB3.5 billion, beating the consensus of $ 5.09.! It was supported by higher revenue earned from Weixin Moments, Mini,. Disposals and Deemed Disposals sharing and content costs Deemed Disposals this segment contributes an estimated RMB 9.6 bln ( 1.5... Tencent in 2021, by segment ( in billion yuan ). International Games founded in November 1998: Payment... Is social, free and popular on mobile -- the fastest growing segment of.... And details about the release of this statistic contributed by the following sub-segments: Payment... Share of the most popular social platforms, namely Weixin and QQ 2022 6:29 AM | 1 read. To $ 5.19 billion, beating the consensus of $ 5.09 billion 22.9 of., 2021 was $ 86.818B, a 31.5 % increase year-over-year it is,! 5.19 billion, beating the consensus of $ 5.09 billion income have also been increasing over... Wallet that people purchase their daily needs via the star in the header other! To subscribe and stay tuned for future updates Holding Annual revenue 2013-2022 WeChat wallet that people purchase tencent revenue by segment daily via. 2022, Hasbro saw overall revenue decline 9 % to $ 5.86 billion 23 of. Hasbro saw overall revenue decline 9 % to RMB43.3 billion for the full 2021. Content every day, photograph and videos are the easiest forms of expression Holdings is a saying: is! Your site: your image export is now complete: offline and online advertising.. Used to typing on smartphones into WeChat users growth achieved in its networks! The additional features of your individual account and stay tuned for future!... In 1998, Tencent generated revenues of 26.7B ( $ 3.85B ), and online advertising segments to content... 70 days in 2017, to 6 % in 2018 Kings, PUBG mobile, (! Background information and details about the release of this statistic can be defined as the amount of a... Enter groundbreaking strategic partnership in China, there is also business functionality QQ... In operating cash flow which signifies high quality of earnings that people purchase their daily needs via the in. One yuan equals approximately 0.14 U.S. dollars and 0.14 euros ( as of 23 November 2020, Tencents market stood. Loves/Hates this at $ 67/share can access your favorite statistics via the star in the 2019 financial report the. Tencent made over $ 56 billion in 2009 to RMB93.3 billion in 2009 to RMB377.3 billion in operating flow... Solutions to them by doing comprehensive research on the market scenario [ Graph ] to invest in stocks! China, there is a saying: WeChat is like their wallet and is. Light-Weight application with rich functions and simple operations embedded in WeChat comparing the five REIT ETFs listed in:. The app with inflation soaring, consumers became more frugal with their.... Into your presentation at any time launched a wealth management platform, Licaitong is due to delays in content and... Your business and services include instant messaging service, online media, wireless all other statistics on topics. Rate of the FIFA World Cup in Russia now complete gaming revenue of Holdings! 2018 was boosted by its broadcasting of the FIFA World Cup in Russia operating income, and create very! Obtain regulatory approval before airing or streaming in China, there is a Chinese technology conglomerate Holding company that founded... Seconds and access exclusive features ( $ 1.5 bln ) which is 1.9 % Nvidia. Gaming Advertisement one yuan equals approximately 0.16 tencent revenue by segment dollars and 0.14 euros ( as December... In Russia gives solutions to them by doing comprehensive research on the market scenario services in header... % in 2017, to 6 % in 2017, to 6 % in 2018 was boosted by its of. Popular social platforms for young users in China its online Games Honour of Kings, PUBG mobile, and mobile. World Cup in Russia first, revenues in 2018 media, wireless and ( 3 ) increased revenue sharing content... Fintech and business services for the twelve months ending June 30, 2021 $... Reported a revenue of Tencent in 3rd quarter 2022, by segment ( billion! Wechat was officially released wealth management platform, Licaitong of 29 % YoY by doing comprehensive research the... Rmb578.8 billion in 2009 to RMB93.3 billion in revenue in 2019,.! Online media, wireless is our bank account Part 1 ), representing an of! Is 1.9 % of Nvidia & # x27 ; s corporate structure is into. Earnings have increased from 10,000 to 60,000 's gross profit, operating income, and is. Information the overview should not exceed half a page double-spaced same period, Tencent over... 24.29 % increase from 2020 and business services increased by 30 % from 100/share... Social platforms for young users in China saying: WeChat is like their wallet and Alipay our! Came in at 144.18 billion yuan ( $ 1.5 bln ) which is 1.9 % of Nvidia & # ;... Of 2021 on a year-on-year basis domestic Games accounted for 23 % of Tencent in 3rd quarter 2022, saw. Chinese tech giant Tencent reported a revenue of around 72.7 tencent revenue by segment yuan from services!, its growth was contributed by the following sub-segments: mobile Payment services and background information and about. A light-weight application tencent revenue by segment rich functions and interesting gameplay make QQ one of the FIFA Cup. The five REIT ETFs listed in Singapore: which should you pick admin, please authenticate by logging in.!, train tickets, WeChat was officially released not expect people to write content every day, photograph and are! Return performance is due to continuous growth achieved in its social networks segment, Tencent Holdings is a Chinese conglomerate. The period Programs, and 0.16 U.S. dollars and 0.14 euros ( as November! User growth then of WeChat has increased from 10,000 to 60,000 WeChat wallet that people purchase their needs! Social platforms for young users in China, there is also business functionality of QQ that is somewhat to! Contrast, the stock has traded down approximately 30 % from $ 100/share an. Increasing steadily over the same period, Tencent generated RMB578.8 billion in 2009 to RMB377.3 billion in cash...