sail past the $1.5 billion in annual revenue generated by Call of Duty, the industry's top-selling game . This is due to: Social and Other Advertising. Top 10 Singapore REITs that made you money if you invested from their IPOs (Updated 2023), These 3 companies own the U.S. soft drink market, How to open a brokerage account in Singapore and choose the right broker (updated 2022), How to buy shares in Malaysia and open a Malaysian brokerage account (Updated 2022), How to buy U.S. shares in Singapore and open a U.S. brokerage account (updated 2022), How saving just $11 a day can make you a millionaire, Heres how Id invest $10,000 during this COVID-19 crash, How to start investing in Singapore: A practical guide for beginners (updated 2023), 7 quick steps to pick the best dividend stocks, How to open a Singapore bank account for Malaysians, 5 reasons why you should attend annual general meetings if youre an investor, Top 10 Singapore REITs that made you money if you invested from their IPOs (updated 2020). Upon completion of this transaction, Tencent would increase its voting power to 70.4% and equity stake to 51.0% in Huya Inc. Tencent has delivered stellar growth in revenue and profit over the past 10 years. 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. Cloud Services. Register in seconds and access exclusive features. 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. The Others segment includes defined contribution pension, asset management and health care businesses. Tencent achieved a 10-year CAGR of 40.7% and 33.6% in its group revenues and shareholders earnings respectively. I know they to have a very loyal customer following. In a WeChat Open Class in 2020, WeChat Founder Allen Zhang announced that WeChat will soon launch a feature called short video content. 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. Analysis 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. SoundHound Just Got $100M From . The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. In, Tencent. 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. 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. Slowing Videogaming Segment. In the early days, QQ was Tencents key product. Discover how to invest in dividend stocks and REITs, and create your very own dividend machine. 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. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Any historical information should be succinct. One yuan equals approximately 0.14 U.S. dollars and 0.14 euros (as of November 2022). document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. 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. In this article, we walk through Tencent's financial statistics and business metrics. Profit from the additional features of your individual account. November 16, 2022. My teams and I have . Available: https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Revenue distribution of Tencent Holdings from 2015 to 2021, by segment, Available to download in PNG, PDF, XLS format, IT data center systems total spending worldwide 2012-2023, Global cloud IT infrastructure spending 2013-2026, Global public IT cloud services revenue 2016-2021, by segment, Spending on cloud and data centers 2009-2021, by segment, Global hyperscale operators capex 2016-2021, by quarter, Vendor revenue from the public cloud services IaaS market worldwide 2015-2021, Global IaaS and PaaS hyperscaler revenue 2018-2021, by vendor, Global IaaS and PaaS hyperscaler market share 2020-2022, by vendor, Global hyperscaler cloud number of marketplace services 2021, by hyperscaler, Hyperscale cloud marketplace services used Europe and United States 2021, by category, China's cloud infrastructure service market Q4 2019-Q3 2022, by company, Global colocation data center market revenue 2021-2028, Global figure of hyperscale data centers 2015-2021, Share of hyperscale data center locations worldwide in Q3 2021, by IT load capacity, Global market share of colocation data center revenue worldwide 2021, by vendor, Tencent revenue distribution 2015-2021, by segment, Cloud usage by organizations worldwide 2019-2022, by vendor, Global adoption and repatriation of cloud vendors 2022, by vendor, Global current and future IaaS provider choice 2020-2022, by provider, Expected change in technology investments worldwide 2022, Importance of no cloud vendor lock-in worldwide 2019-2022, Tencent: profit before income tax 2008-2021, Digital content industry turnover in Spain 2010-2018, Annual advertising revenue of China's digital music market 2013-2023, Estimated annual value of Amazon Prime 2018, French Internet users' level of trust towards Internet services 2020, Number of Grindr DAU and MAU worldwide 2018, Share of major companies offering live chat in Finland 2013-2018, U.S. adult online dating usage 2019, by age, Share of major companies offering location services online in Finland 2013-2017, Companies equipped with a website by sector in France 2020, Share of individuals who heard of the right to delete their data in Sweden 2019, Share of major companies offering call-to-action buttons in Finland 2016-2019, Confidence granted to brands displaying customer reviews in France in 2015, by gender, U.S. internet users addicted to social media 2019, by ethnicity, Instagram frequency of use in Italy 2019, by age, Preferred locations for using online dating sites or apps in the UK June 2017, Find your information in our database containing over 20,000 reports. 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. You need a Statista Account for unlimited access. This statistic shows the revenue distribution of Tencent from the fiscal year 2015 to 2021, by segment. In contrast, Media Advertising accounted for only 2.4% of total revenue and 15% of online advertising revenue. Accessed March 02, 2023. https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent. Produced 450+ financial articles featured on KCLau.com in Malaysia and The Fifth Person, Value Invest Asia, and Small Cap Asia in Singapore. One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 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. The mini-programs are only within WeChat. Media Advertising revenues decreased by 4% -on-year yearto RMB3.5 billion, primarily due to lower advertising revenues from Tencent News app. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. * The revenue from smartphone games included the amount attributable to Tencent's social networks business. Impact of Chinas reopening on Singapore REITs, Top 3 Hong Kong REITs that made you money if you invested from their IPOs (Updated 2023). Merchants increase channels and sales, and users are more convenient. This is contributed by growth in live broadcast and video streaming services during the period. Tencent's annual revenue for 2021 was up 16% compared to the previous year, slowing from the 28% growth it recorded in 2020. As a Premium user you get access to the detailed source references and background information about this statistic. It is social, free and popular on mobile -- the fastest growing segment of gaming. Currently, you are using a shared account. Source: FactSet Tencent Holdings Dividend Calendar *Yield of. Advertising revenues decreased by 25% to RMB3.2 billion, reflecting lower advertising revenues from Tencent Video and Tencent News services. However, more people will choose to store money in Alipay due to financial services like investment products, Yuebao, Yulibao, funds, gold, stocks, and other financial management tools.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[250,250],'investpit_com-leader-1','ezslot_15',124,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-leader-1-0'); A recent leak revealed a test version of a mobile digital currency app reportedly developed by one of Chinas largest state-owned banks, the Agricultural Bank of China. 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. Domestic Games accounted for 23% of Tencent's total revenue and 74% of revenue from the gaming segment in 2021. Please create an employee account to be able to mark statistics as favorites. It owns a 30% interest in WeBank for a total investment of RMB900 million. Copyright 2023 The Fifth Person. Regular host and presenter of a weekly financial webinar with KCLau.com. The company is a technological conglomerate and works both domestically and abroad to bring innovation and improvement into people's lives ( Tencent's Innovation Strategy 2020). We think this market is very close to saturated given China's total 1.4 billion population. Revenue climbed 20% to 138.3 billion yuan, in line with expectations. Statista. Please Select Your Region To Receive Customized Content, Your information is safe and secure with us, Almost done! Show publisher information The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Interactive Digital Human in these regions, from 2022 to 2030 (forecast), covering North America, Europe, Asia-Pacific etc and its Share (%) and CAGR for the forecasted period 2022 to 2030. As soon as this statistic is updated, you will immediately be notified via e-mail. The key to success on this front is a strong product portfolio that covers a broader customer base, according to Li. Management points out a general increasing trend in advertiser demand for the Weixin platform, while advertising revenue from Tencent's media platforms (e.g. 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). Tencent Holding annual revenue for 2021 was $86.818B, a 24.29% increase from 2020. 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. Register in seconds and access exclusive features. to incorporate the statistic into your presentation at any time. By region, North America had the highest share . If you are an admin, please authenticate by logging in again. Profit. 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. However, there is still room for further improvement in other game genres such as role-playing games. Revenue from this segment grew 1% year-on-year to 42.2 billion yuan, a slowing from the quarter before. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Tencent started reporting a short annual report section dedicated to its investment portfolio since 2018, although the company has been an active investor in other companies long before this. In the six-year period, online advertising revenues have grown at a CAGR of 54.5% over the past six years from RMB5.0 billion in 2013 to RMB68.4 billion in 2019. . You need at least a Starter Account to use this feature. A huge part of this monetization is through WeChat mini-programs. 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 Holdings Limited is headquartered in Shenzhen, the People's Republic of China. We examine this more granular breakdown below. Tencent is a Chinese multinational company situated in Shenzhen, China. Please create an employee account to be able to mark statistics as favorites. 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. 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