Social Network. short clips and livestreaming, see Part 1), and (3) increased revenue sharing and content costs. MB.OS is designed and developed in-house to retain full control over the customer relationship, ensure data . In 2021, Tencent generated revenues of approximately 291.6 billion yuan from the internet value-added services segment such as online games. Revenue climbed 20% to 138.3 billion yuan, in line with expectations. 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. Need help with Tencent SWOT & PESTLE Analysis? In 2019, Tencent derived 53% of group revenues from its VAS businesses. 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. Please create an employee account to be able to mark statistics as favorites. Please do not hesitate to contact me. Note: slight discrepancies may exist between figures due to rounding. This increases its voting power to 50.9% and equity stakes to 36.9% in Huya Inc. On 10 August 2020, Tencent entered into a Definite Share Transfer Agreement to acquire 30 million Class B ordinary shares of Huya Inc. for US$ 810 million from JOYY Inc. You need a Statista Account for unlimited access. Tesla). The fall in sales was attributable to two main factors. Source: FactSet Tencent Holdings Dividend Calendar *Yield of. However, there is still room for further improvement in other game genres such as role-playing games. 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. Breaking down the company's annual portfolio income, we see that Tencent's investment portfolio gains can largely be attributed to. In 2019, Tencent made 18.1% of group revenues from online advertising. 2014.11.13 Warner Music Group and Tencent enter groundbreaking strategic partnership in China . Get full access to all features within our Business Solutions. In the early days, QQ was Tencents key product. Media Advertising. Over the past 6 months, the stock has traded down approximately 30% from $100/share. This statistic is not included in your account. 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. Profit from the additional features of your individual account. Tencent's revenues related to the application mostly come from the domestic version (i.e. Note: for the purposes of this article and series, we use the terms Weixin and WeChat interchangeably. The 2 key Tencent social network is QQ and WeChat. Tencent revenue has been posting strong growth over the past 5 years. Show publisher information Comparing the five REIT ETFs listed in Singapore: Which should you pick? Business Solutions including all features. It has brought together China's largest Internet community, to meet the various needs of Internet users including communication, information, entertainment, e-commerce and others. During the last reported year, Tencent Holdings Limited generated 52 percent of its. 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. For 2022, Hasbro saw overall revenue decline 9% to $5.86 billion. Are you interested in testing our business solutions? Tencent Holdings Limited is an Internet service portal. In 2019, it has a total revenue 377.3B ($53.52 B). We think this market is very close to saturated given China's total 1.4 billion population. Get full access to all features within our Business Solutions. The market tends to be driven solely by the domestic players in the near-term The Tencent Video segment is based on the video streaming service. (November 16, 2022). Operating profit for the segment was $538 million. There is also business functionality of QQ that is somewhat similar to Slack, Google Meet, Facebook Business. Chapter 9 Key Companies Breakdown by Overall Market Size & Revenue by Type Chapter 10 Business / Industry Chain (Value & Supply Chain Analysis) Chapter 11 Conclusions & Appendix QQ also started mobile payment with the launch of QQ wallet which facilitated mobile prepaid recharge and various online shopping and transactions. As soon as this statistic is updated, you will immediately be notified via e-mail. As a Premium user you get access to background information and details about the release of this statistic. Please do not hesitate to contact me. 2014.07.25 Tencent Activision Blizzard Sega Electronic Arts Apple Ubisoft Zynga Square Enix NetEase Games NEXON NCSoft Bandai Namco Holdings Total Market by Segment: Global Online Game Market Segment. We discuss the impact of other regulatory changes further in Part 3 . Sales from mobile games grew 13%. 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. Accessed March 02, 2023. https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent. In May 2011, WeChat launched the key feature of voice messaging, which allows users mobile phones to work as walkie-talkies. In, Tencent. Then you can access your favorite statistics via the star in the header. Tencent Cloud Revenue Growth Rate in Anti-DDoS System (ADS) Platform Business (2018-2023) Figure 59. 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. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Instagram accounts with the most followers worldwide 2023, Number of apps available in leading app stores Q3 2022, Most popular global mobile messaging apps 2022, Twitter: number of monthly active users 2010-2019, Internet usage in India - statistics & facts, Profit from additional features with an Employee Account. (March 23, 2022). 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. 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. [Online]. Statista. Then you can access your favorite statistics via the star in the header. 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. March 23, 2022. It commenced accelerated computing to solve the most challenging computational problems. statistic alerts) please log in with your personal account. FinTech Services revenue growth primarily reflected increasing commercial You can only download this statistic as a Premium user. 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. Use Ask Statista Research Service. This report depicts a few potential problems and gives solutions to them by doing comprehensive research on the market scenario. Tencent's Business Segments Tencent's corporate structure is divided into six different groups. 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. I know they to have a very loyal customer following. In this article, we walk through Tencent's financial statistics and business metrics. Tencent Holdings is a Chinese technology conglomerate holding company that was founded in November 1998. The total market share of the three reached 88.33%. While we provide a summary of our research, youd have to make your own decisions whether an investment is suitable for your portfolio. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. statistic alerts) please log in with your personal account. Revenue came in at 144.18 billion yuan ($22.62 billion), up 8% year-on-year. Indeed, we see that the fair value of Tencent's holdings in publicly listed companies was initially lower than the value of its investment portfolio until 2019, during which the two converged and the fair value of public holdings eventually exceeded Tencent's balance sheet portfolio amount in subsequent years. Tencent is a Chinese multinational company situated in Shenzhen, China. Rich functions and interesting gameplay make QQ one of the most popular social platforms for young users in China. Register in seconds and access exclusive features. Underlying trends in the Food Delivery segment remained strong, yet with signs of moderation from the triple-digit growth experienced in . In, Tencent. 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. 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). In this article, Ill summarise Tencents business segments, financial performance, and its recent investment in Huya. Revenue. Revenue from this segment grew 1% year-on-year to 42.2 billion yuan, a slowing from the quarter before. Order the complete Tencent SWOT & PESTLE report or view the free sample complete report on our site now! 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. This is driven by e-commerce festivals such as the Double Eleven and Double Twelve, e-commerce giants such as Ali and JD.com. Cite your source. 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. 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, ). My teams and I have . As a Premium user you get access to the detailed source references and background information about this statistic. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Please create an employee account to be able to mark statistics as favorites. In, Tencent. As a Premium user you get access to the detailed source references and background information about this statistic. Tencent Holdings Estimates* in CNY Yearly Quarterly * Average Estimates in Million (e.g. Then you can access your favorite statistics via the star in the header. Profit from the additional features of your individual account. One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). WeBank. Tencent Holding Revenue 2011-2021 | TCEHY, Tencent Holding revenue for the quarter ending June 30, 2021 was, Tencent Holding revenue for the twelve months ending June 30, 2021 was, Tencent Holding annual revenue for 2021 was, Tencent Holding annual revenue for 2020 was, Tencent Holding annual revenue for 2019 was. Since then, it has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019. In this note we discuss Electronic Arts' business model, its revenue segments, sales trends, and forecast. 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). As a Premium user you get access to background information and details about the release of this statistic. Show publisher information Assets. One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). Nice to finally get a bit of clarity into how the mysterious 'others' revenue segment is broken down. 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. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. 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. November 16, 2022. "Annual gaming revenue of Tencent in 2021, by segment (in billion yuan)." Article, we walk through Tencent 's financial statistics and Business metrics the early days, QQ was Tencents product! In 2019, Tencent $ 538 million year, Tencent revenue in 2019 operating profit the! Quarterly * Average Estimates in million ( e.g most challenging computational problems holding company that was founded November. 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