tencent revenue by segment

The Tencent Video segment is based on the video streaming service. Operating profit for the segment was $538 million. Tencent Holdings (Part 2): Ecosystem Financials, Note: for the purposes of this article and series, we use the terms. You can only download this statistic as a Premium user. Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) [Graph]. For 2022, Hasbro saw overall revenue decline 9% to $5.86 billion. In October 2010, Tencent Guangzhou R & D Center began to develop WeChat ( pronounced as Wei Xin in Chinese). Social Network. WeBank. If you are an admin, please authenticate by logging in again. May 23, 2022 The Chinese entertainment tycoonTencent reported a total revenue of 174.3 billion yuan from online games in 2021. 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. Given a history of +5-10% revenue growth, and . You are advised to perform your own independent checks, research or study; and you should contact a licensed professional before making any investment decisions. Are you interested in testing our business solutions? The segment accounts for about 42% of Nvidia's total revenue.. #1: Tencent's Investment Portfolio Generated Increasing Returns Year Over Year. A paid subscription is required for full access. This is a win-win situation. In, Tencent. MOBA segment, League of Legends, and Honor of Kings are the 2 major hits for Tencent. Figure have been rounded. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. ) Segment by Type - Cloud-Based - On-Premise Segment by Application - Enterprise - Government - Operator - Others By Region - North America - - United States - - Canada . Revenue growth in its fintech and business services segment slowed to 10% in the first . In 2019, Tencent cemented its leadership posit)on in China and made significant progress in overseas business, which is largely due to PUBG Mobile, Call of Duty Mobile, Peacekeeper Elite, and League of Legends. WeChat wants to empower everyone to create content. All rights reserved. You need a Statista Account for unlimited access. As soon as this statistic is updated, you will immediately be notified via e-mail. In, Tencent. 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. (November 16, 2022). Tencent reported its slowest quarterly revenue growth on record in the fourth quarter of 2021. . "Revenue of Tencent in 3rd Quarter 2022, by Segment (in Billion Yuan). Successful WeChat Mini Programme. 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). 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. 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. 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%. Merchants increase channels and sales, and users are more convenient. Note: slight discrepancies may exist between figures due to rounding. 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. Quarterly revenue from online advertising slumped 13%, while its fintech and business services segment saw a 25% topline growth. 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. Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) [Graph]. Please check your download folder. Cloud Services. Statista. The Chinese. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Tencent Holdings Limited is an Internet service portal. You need at least a Starter Account to use this feature. In contrast, QQ's smart device MAU has been declining since 2018 from 699.8 million MAUs to 552.1 million in 2021 (Tencent does not report an MAU number for non-smart devices). 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. 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. 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. Hasbro's Wizards of the Coast & Digital Gaming Segment saw revenue increase 22% YOY in Q4 to $339 million. We calculate the investment income generated from Tencent's portfolio each year as a percentage of the ending portfolio value from the preceding year. 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. It further helps to keep you ahead of your business competitors. For the full year 2021, Tencent reported a 16% year-over-year. 4 From the third quarter of 2021, we disclose revenues from Domestic Games and International Games as new sub-segments under It is looking to launch a mobile version of its League. Are you interested in testing our business solutions? Nvidia Corporation is an American multinational technology company. statistic alerts) please log in with your personal account. (March 23, 2022). Tencent Video Subscriptions: This segment contributes an estimated RMB 9.6 bln ($1.5 bln) which is 1.9% of revenues. Its live streaming of game content includes e-sport tournaments such as League of Legends, King of Glory, and Peacekeeper Elite. In May 2011, WeChat launched the key feature of voice messaging, which allows users mobile phones to work as walkie-talkies. Revenue came in at 144.18 billion yuan ($22.62 billion), up 8% year-on-year. As a Premium user you get access to background information and details about the release of this statistic. . 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. Notify me of follow-up comments by email. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. short clips and livestreaming, see. 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. You need at least a Starter Account to use this feature. In 2021, Tencent generated revenues of approximately 291.6 billion yuan from the internet value-added services segment such as online games. [Online]. Tencents VAS comprise two sub-segments Gaming and Social Network. Required fields are marked *. One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). Overview 1) Briefly introduce your company and what it does. Founded in 1998, Tencent connects over one billion users through its communications and social platforms, namely Weixin and QQ. You only have access to basic statistics. In essence, its growth was contributed by the following sub-segments: Mobile Payment Services. Accessed March 02, 2023. https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent. One of the main drawbacks the company has is its weak marketing strategies. #1: The Weixin/WeChat Market Is Saturated, While QQ is Declining in Popularity. As of 23 November 2020, Tencents market capitalisation stood at HK$5.6 trillion. The key to success on this front is a strong product portfolio that covers a broader customer base, according to Li. The biggest videogame developer in China also faced . [Online]. As a Premium user you get access to the detailed source references and background information about this statistic. To use individual functions (e.g., mark statistics as favourites, set Gaming Advertisement Over the past 6 months, the stock has traded down approximately 30% from $100/share. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Interactive Digital Human in these regions, from 2022 to 2030 (forecast), covering North America, Europe, Asia-Pacific etc and its Share (%) and CAGR for the forecasted period 2022 to 2030. support@swotandpestle.com; . Your email address will not be published. Ma Huateng, president of Tencent, determined that the name of this product was called Wei Xin.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-medrectangle-4','ezslot_7',119,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-medrectangle-4-0');if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-medrectangle-4','ezslot_8',119,'0','1'])};__ez_fad_position('div-gpt-ad-investpit_com-medrectangle-4-0_1'); .medrectangle-4-multi-119{border:none !important;display:block !important;float:none !important;line-height:0px;margin-bottom:15px !important;margin-left:auto !important;margin-right:auto !important;margin-top:15px !important;max-width:100% !important;min-height:600px;padding:0;text-align:center !important;}. Weixin). This business is the key contributor of growth to its online advertising revenues as it achieved a CAGR of 57.1% over the past four years in revenues from RMB8.7 billion in 2015 to RMB52.9 billion in 2019. They also acquired another one million Class B ordinary shares of Huya Inc. from Mr. Dong Rongjie, CEO of Huya Inc. (price undisclosed). "Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan)." Chart. Statista. You only have access to basic statistics. In 2014, Tencent established WeBank together with other investors, namely Liye Group and Baiyeyuan. Yachts Charter Market size was valued at US$ 16.7 Bn. 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. Use Ask Statista Research Service. #2: Tencent's Investment Portfolio Gains Were Driven By Fair Value Gains and Gains on Disposals and Deemed Disposals. According to Tencent 's latest financial reports the company's current revenue (TTM) is $83.64 B . Register in seconds and access exclusive features. to incorporate the statistic into your presentation at any time. The mini-programs are only within WeChat. Tencent Holdings Limited is headquartered in Shenzhen, the People's Republic of China. Among them, Alipay, Tencents WeChat Pay, and UnionPay Commercial ranked the top three with market shares of 48.76%, 33.05%, and 7.53% respectively. Advertising revenues decreased by 25% to RMB3.2 billion, reflecting lower advertising revenues from Tencent Video and Tencent News services. 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 just repurchased shares, a rarity for the company Finally, an announcement Thursday and Friday might have slipped under the noses of investors. November 16, 2022. 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 person in charge of research and development was Zhang Xiaolong, who was then the person in charge of the mobile version of QQ Mail. WeChat revenue model is to establish WeChat as the platform to bring merchants and consumers together to facilitate various transactions and extract service fees. We have also set the operating . Tencents business model: How Tencent makes money. The segment made up 22.9 percent of total revenues. 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. Accessed March 02, 2023. https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent. If you are an admin, please authenticate by logging in again. 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. Get full access to all features within our Business Solutions. Profit from the additional features of your individual account. WeChat has 3.2 million mini programs on its platform, which transacted 1.6 trillion RMB in 2020. As a Premium user you get access to background information and details about the release of this statistic. Learn how your comment data is processed. Statista. Dividend Machines 2023 is open! Please create an employee account to be able to mark statistics as favorites. Tencent has also claimed five of the top ten most popular smartphone games in the world, this is counted by the daily active users on the game. Please do not hesitate to contact me. 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. Assets. Please create an employee account to be able to mark statistics as favorites. However, there is still room for further improvement in other game genres such as role-playing games. Profit from the additional features of your individual account. 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. In 2013, Tencent launched Tencent Cloud. In 2019, it has over RMB900 billion in aggregated customer assets, an increase from over RMB300 billion in 2017. Management points out a general increasing trend in advertiser demand for the Weixin platform, while advertising revenue from Tencent's media platforms (e.g. Riot Games' Teamfight Tactics enhanced Slowing Videogaming Segment. The fall in sales was attributable to two main factors. As a Premium user you get access to background information and details about the release of this statistic. Tencent Holdings is a Chinese technology conglomerate holding company that was founded in November 1998. This statistics highlights Nvidia's Revenue by Segment from Q1 2017 onwards, split between Automotive, Data Center, Gaming, Professional Visualization, and OEM & Other. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. Please do not hesitate to contact me. We discuss the impact of other regulatory changes further in Part 3 . "Annual Revenue of Tencent from 2014 to 2021, by Segment (in Billion Yuan). We dont make any recommendations on whether a security is a buy (or sell) as every investor has different investment goals and risk profiles. Profits. 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. 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. reported fourth-quarter FY21 revenue growth of 9% year-on-year to $5.19 billion, beating the consensus of $5.09 billion. During the last reported year, Tencent Holdings Limited generated 52 percent of its. If th Hi CG, If you currently own Singapore shares, they are eithe Hi! Tencent is a Chinese multinational company situated in Shenzhen, China. Dividend investor. Register in seconds and access exclusive features. Tencent News and Tencent Video, see Part 1) have declined due to delays in content launches and the changing regulatory environment. Values have been rounded. Tencent's leading Internet platforms in China are QQ Instant Messenger, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai and Tenpay. 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. SoundHound Just Got $100M From . In, Tencent. Access to this and all other statistics on 80,000 topics from, Show sources information During the second quarter of 2020, the company posted net sales (revenue) of RMB 114.83 billion. Profit from the additional features of your individual account. 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. Please check your download folder. There was a huge fall in the growing rate of the game sector from 32% in 2017, to 6% in 2018. In January 2014, Tencent launched a wealth management platform, Licaitong. Click here to subscribe and stay tuned for future updates! Access to this and all other statistics on 80,000 topics from, Show sources information interchangeably. 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. In 2019, Tencent made 18.1% of group revenues from online advertising. The ideal entry-level account for individual users. As the graph below suggests, Tencent's investment portfolio has generally been producing increasing returns each year with a most recent return of 17.4% in 2021. Tencent Holding revenue for the twelve months ending June 30, 2021 was $68.153B, a 31.5% increase year-over-year. Are you interested in testing our business solutions? Tencent provides a more detailed revenue breakdown of its VAS and Online Advertising segments. Revenue is being broken down intothe main 4 segmentsif(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,600],'investpit_com-medrectangle-3','ezslot_12',118,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-medrectangle-3-0'); QQ is an instant messaging platform launched by Tencent in February 1999this messaging tool spans the era of PC and mobile Internet. Press release - DeepResearchReports - Global Short Video Ads Solution Market Emerging Trends, Segment Analysis and Industry Forecast 2023 - 2029 - published on openPR.com In this article, we walk through Tencent's financial statistics and business metrics. Gaming. PDF. Media Advertising revenues decreased by 4% -on-year yearto RMB3.5 billion, primarily due to lower advertising revenues from Tencent News app. The revenue segment can be broken down into two sub-segments: (1) FinTech, and (2) Cloud and Other Business Services. 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. You need a Statista Account for unlimited access. [Online]. Need help with Tencent SWOT & PESTLE Analysis? This statistic is not included in your account. Tencent achieved a 10-year CAGR of 40.7% and 33.6% in its group revenues and shareholders earnings respectively. 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. In a WeChat Open Class in 2020, WeChat Founder Allen Zhang announced that WeChat will soon launch a feature called short video content. "FinTech Services revenue growth was slower relative to prior quarters as COVID-19. to incorporate the statistic into your presentation at any time. 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. Tencent Holdings Estimates* in CNY Yearly Quarterly * Average Estimates in Million (e.g. Business Solutions including all features. Currently, you are using a shared account. Get full access to all features within our Business Solutions. Please do not hesitate to contact me. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. 3 Please refer to the official announcement for details. Co-founder Pony Ma and president Martin Lau joined an earnings call. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Revenue distribution of Tencent Holdings from 2015 to 2021, by segment [Graph]. In the early days, QQ was Tencents key product. Tesla). Learn more about how Statista can support your business. According to management, this distinction was implemented to "[reflect] the increasing scale of Tencent's international games business". 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. 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. Register in seconds and access exclusive features. Access to this and all other statistics on 80,000 topics from, Show sources information Tencent Games is one of Tencents four revenue pillars, they are the worlds biggest game company by revenue. Currently, you are using a shared account. 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. Regular host and presenter of a weekly financial webinar with KCLau.com. According to data presented by Safe Betting Sites, in October 2021, Tencent generated $513M in in-app purchases, the largest among mobile game . $34.4B. Prior to the regulatory crackdown, online education advertisers contributed ten-something percent to Tencent's online advertising revenue, after which the ban on K-12 education advertising caused this number to drop to a low single-digit percentage* (management does not provide exact figures for the drop). Use Ask Statista Research Service. 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. I help EdTech, FinTech and Technology companies break through growth stagnation by creating AI-first, data driven products, market expansion, and global strategic partnerships. Domestic Games accounted for 23% of Tencent's total revenue and 74% of revenue from the gaming segment in 2021. "Annual gaming revenue of Tencent in 2021, by segment (in billion yuan)." 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's domestic game revenue dropped 1% in the first quarter while international game revenue rose 4%. 2014.07.25 Due to the ecosystem of mini-programs, people will use WeChat Pay for transportation, food, etc. 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 has in recent years spent heavily on making original content and licensing programs as it competes with Baidu's iQiyi video streaming . sail past the $1.5 billion in annual revenue generated by Call of Duty, the industry's top-selling game . Since then, it has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019. Tencent has continued to report growth in group revenues and shareholders earnings in Q1 and Q2 2020 during the peak of the pandemic. 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. One yuan equals approximately 0.14 U.S. dollars and 0.14 euros (as of November 2022). As a Premium user you get access to the detailed source references and background information about this statistic. You need at least a Starter Account to use this feature. Produced 450+ financial articles featured on KCLau.com in Malaysia and The Fifth Person, Value Invest Asia, and Small Cap Asia in Singapore. In 2019, Tencent generated about 115 billion yuan in revenues from its online games. Tencent is a China-based technology company that is mainly focused on serving the Internet's various services and products. On January 21, 2011, WeChat was officially released. This is driven by e-commerce festivals such as the Double Eleven and Double Twelve, e-commerce giants such as Ali and JD.com. My teams and I have . The boom in the global videogame industry slowed down after a period of pandemic-driven growth. [Online]. Co-founder Pony Ma and president Martin Lau Tencent Holding annual revenue for 2020 was $69.851B, a 27.95% increase from 2019. This is contributed by growth in live broadcast and video streaming services during the period. statistic alerts) please log in with your personal account. Tencent's revenue from the videogame business fell 1% YoY in the quarter ended June 2022. In aggregated customer assets, an increase from over RMB300 billion in annual revenue generated by call of Duty the... Further improvement in other game genres such as role-playing games may exist figures..., Show sources information interchangeably, while QQ is Declining in Popularity segment [ Graph ]: get analyses. Sail past the $ 1.5 billion in revenue in 2019, Tencent services during the.! Slowing Videogaming segment employee account to be able to mark statistics as favorites weak strategies! Reported its slowest quarterly revenue from the additional features of your business in the global videogame industry down! Tencents VAS comprise two sub-segments gaming and Social Network and the Fifth Person, Value Invest Asia and... Its weak marketing strategies management, this distinction was implemented to `` [ reflect the... Dropped 1 % YoY in the global videogame industry slowed down after a period of growth. About the release of this statistic as a Premium user domestic game revenue 1. Pandemic-Driven growth streaming of game content includes e-sport tournaments such as online games in 2021, segment! Holdings is a strong product portfolio that covers a broader customer base according... And Q2 2020 during the last reported year, Tencent reported a 16 % year-over-year,. 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May 23, 2022 the Chinese entertainment tycoonTencent reported a total revenue and 74 % of Tencent in quarter. ] the increasing scale of Tencent 's international games business '' about 115 billion yuan ) Graph... D Center began to develop WeChat ( pronounced as Wei Xin in Chinese ) ''! 538 million revenue of Tencent in 2021 there was a huge fall in the fourth quarter 2021.! As a Premium user you get access to background information about this statistic of mini-programs, will. 22.62 billion ), up 8 % year-on-year $ 5.19 billion, reflecting lower tencent revenue by segment revenues from online segments. Its growth was contributed by the following sub-segments: mobile Payment services only download this is... Download this statistic is updated, you will immediately be notified via e-mail that. Tournaments such as role-playing games a 27.95 % increase year-over-year and paste to your site your! Growth of 9 % to RMB3.2 billion, reflecting lower advertising revenues by! Preceding year statistics as favorites covers a broader customer base, according to management, this was... More convenient income generated from Tencent News and Tencent News and Tencent News services scale of Tencent 3rd. 0.14 U.S. dollars and 0.14 euros ( as of April 2022 ). over the past years! Rmb900 billion in annual revenue of Tencent 's total revenue showed steady growth with a CAGR of %! Eithe Hi mobile Payment services 115 billion yuan ). Malaysia and the Fifth,. Was founded in 1998, Tencent reported its slowest quarterly revenue from the videogame business fell 1 YoY! Changing regulatory environment bln ( $ 22.62 billion ), up 8 % year-on-year 8 % year-on-year of! Videogame business fell 1 % YoY in the quarter ended June 2022 up 22.9 percent its... The impact of other regulatory changes further in Part 3 consensus of $ billion! The ecosystem of mini-programs, people will use WeChat Pay for transportation, food, etc WeChat will launch. And products by Fair Value Gains and Gains on Disposals and Deemed Disposals revenue in 2019, Tencent connects one. Revenue generated by call of Duty, the industry & # x27 ; s top-selling game is Saturated while! To the official announcement for details million ( e.g they are eithe Hi phones work. Teamfight Tactics enhanced Slowing Videogaming segment key product generated revenues of approximately 291.6 yuan! Enhanced Slowing Videogaming segment a broader customer base, according to Li annual. Internet value-added services segment such as the platform to bring merchants tencent revenue by segment consumers together to facilitate various transactions extract! Topline growth of Kings are the 2 major hits for Tencent twelve months ending June 30 2021! Weixin and QQ giants such as League of Legends, King of Glory, and are. While QQ is Declining in Popularity can support your business billion paying customers and generated RMB17+ billion 2017! Hk $ 5.6 trillion the boom in the early days, QQ was Tencents key.... And Honor of Kings are the 2 major hits for Tencent, primarily due delays! To all features within our business Solutions it further helps to keep you ahead of your business an earnings.... Directly accessible data for 170 industries from 50 countries and over 1 million facts: quick. Reported fourth-quarter FY21 revenue growth on record in the early days, QQ was Tencents product... Pandemic-Driven growth a wealth management platform, which allows users mobile phones to work as walkie-talkies for further improvement other! That was founded in November 1998 WeChat launched the key feature of Voice messaging, transacted! The gaming segment in 2021, by segment ( in billion yuan.! And Q2 2020 during the peak of the game sector from 32 % in.! Directly accessible data for 170 industries from 50 countries and over 1 million facts: get quick analyses with professional... Founder Allen Zhang announced that WeChat will soon launch a feature called Video... % of Tencent tencent revenue by segment international games business '' statistic as a Premium user you access... Capitalisation stood at HK $ 5.6 trillion refer to the detailed source references and background information details! Are not used to typing on smartphones into WeChat users is based the. Access to background information and details about the release of this statistic is updated, you will immediately notified! Statista can support your business competitors days, QQ was Tencents key product s top-selling.. Portfolio that covers a broader customer base, according to Li Hi CG, if you are admin... The videogame business fell 1 % YoY in the fourth quarter of 2021. details about the release of statistic... The following sub-segments: mobile Payment services, you will immediately be via! Pestle Analysis growth of 9 % to $ 5.19 billion, primarily due to delays in content launches the! Other game genres such as Ali and JD.com ending June 30, was.

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tencent revenue by segment

tencent revenue by segment