Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. While we provide a summary of our research, youd have to make your own decisions whether an investment is suitable for your portfolio. March 1, 2022 6:29 AM | 1 min read. 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. Nvidia Corporation is an American multinational technology company. Profit. 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;}. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. As of 2019. Tencent is a China-based technology company that is mainly focused on serving the Internet's various services and products. 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%. sail past the $1.5 billion in annual revenue generated by Call of Duty, the industry's top-selling game . You need a Statista Account for unlimited access. Nice to finally get a bit of clarity into how the mysterious 'others' revenue segment is broken down. Analysis We note that Tencent only started making a formal distinction (for financial reporting purposes) between revenue from domestic versus international games in Q3 2021, meaning that historical data on revenue from International Games is unavailable. Tencent Games is one of Tencents four revenue pillars, they are the worlds biggest game company by revenue. QQ also started mobile payment with the launch of QQ wallet which facilitated mobile prepaid recharge and various online shopping and transactions. Its various subsidiary companies include Tencent Music Entertainment, Tencent Sports, and Tencent AI. In 2019, Tencent derived 53% of group revenues from its VAS businesses. Tencent and HBO partner to bring award-winning TV dramas and movies to China Tencent Video becomes the exclusive online partner for HBO in China . Any investment involves the taking of substantial risks, including (but not limited to) complete loss of capital. It further helps to keep you ahead of your business competitors. You need at least a Starter Account to use this feature. 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. [Online]. Tencent Holdings Limited is an Internet service portal. short clips and livestreaming, see Part 1), and (3) increased revenue sharing and content costs. As stated in Tencent's 2020 official interim report, it makes revenue from its four major lines of business as enumerated below; Accessed March 02, 2023. https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Tencent. We think this market is very close to saturated given China's total 1.4 billion population. To use individual functions (e.g., mark statistics as favourites, set $931.9M. All rights reserved. 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. Show publisher information Tencent's leading Internet platforms in China are QQ Instant Messenger, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai and Tenpay. Use Ask Statista Research Service. 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. Tencent, the biggest gaming company in the world has released it's Q4 2019 and the year's full earnings report. 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. Gaming. In 2019, it has a total revenue 377.3B ($53.52 B). Revenue. Dividend investor. At the current price of nearly HKD600, is Tencent still a good buy? The year 2018 marked a change in its revenue structure. Accessed March 02, 2023. https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Tencent. Transportation via Didi Chuxing, train tickets, WeChat wallet that people purchase their daily needs via the app. There is also business functionality of QQ that is somewhat similar to Slack, Google Meet, Facebook Business. #6: Tencent's Gross Profit Margin Is Relatively Constant While Operating Profit Margin Shows Greater Fluctuation. The revenue segment can be broken down into two sub-segments: (1) FinTech, and (2) Cloud and Other Business Services. In the 2019 financial report, the company disclosed the revenue of fintech and business services for the first time. Note: offline and online entertainment programs are required to obtain regulatory approval before airing or streaming in China. Access to this and all other statistics on 80,000 topics from, Show sources information Alibaba has two main growth engines: its Chinese commerce segment, which generated 68% of its revenue in the first nine months of fiscal 2023, and its cloud segment, which generated 9% of its revenue. In this note we discuss Electronic Arts' business model, its revenue segments, sales trends, and forecast. The 2 key Tencent social network is QQ and WeChat. *not all forms of online education are banned from advertising (e.g. 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 The first version only allows users to send texts and photos, not SMS. Learn more about how Statista can support your business. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) [Graph]. Currently, you are using a shared account. Tencent Holding annual revenue for 2021 was $86.818B, a 24.29% increase from 2020. 3 Please refer to the official announcement for details. Its live streaming of game content includes e-sport tournaments such as League of Legends, King of Glory, and Peacekeeper Elite. Chart. 2014.11.13 Warner Music Group and Tencent enter groundbreaking strategic partnership in China . Unfortunately, Tencent does not provide a breakdown of the FinTech and Business Services segment to distinguish between revenue contribution from the company's digital payment business and cloud computing related businesses. 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. Access to this and all other statistics on 80,000 topics from, Show sources information Register in seconds and access exclusive features. Accessed March 02, 2023. https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent. To use individual functions (e.g., mark statistics as favourites, set I know they to have a very loyal customer following. In the third quarter of 2022, the internet conglomerate reported a revenue decrease at about 1.6 percent over the same. 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. Regular host and presenter of a weekly financial webinar with KCLau.com. "Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan)." According to Tencent 's latest financial reports the company's current revenue (TTM) is $83.64 B . Statista. Revenue came in at 144.18 billion yuan ($22.62 billion), up 8% year-on-year. For the full year, revenue in the segment was up 3% to $1.33 billion. The Spot on, Jones! To use individual functions (e.g., mark statistics as favourites, set This statistic is not included in your account. A huge part of this monetization is through WeChat mini-programs. Specifically, Tencent repurchased 180,000. Management points out a general increasing trend in advertiser demand for the Weixin platform, while advertising revenue from Tencent's media platforms (e.g. 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. to incorporate the statistic into your presentation at any time. Tencent Holding annual/quarterly revenue history and growth rate from 2011 to 2021. The boom in the global videogame industry slowed down after a period of pandemic-driven growth. 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). Get full access to all features within our Business Solutions. SoundHound Just Got $100M From . Profits. Tencent made over $56 billion in revenue in 2019, alone. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. In 2021, Tencent generated revenues of approximately 291.6 billion yuan from the internet value-added services segment such as online games. 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. 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. Annual revenue of Tencent from 2014 to 2021,. Segment by Type - Cloud-Based - On-Premise Segment by Application - Enterprise - Government - Operator - Others By Region - North America - - United States - - Canada . 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. Learn more about how Statista can support your business. Tencents VAS comprise two sub-segments Gaming and Social Network. support@swotandpestle.com; . One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). The company generated a net income of 21B ($2.99B) for the period, down 10% from 23.4B ($3.32B) in the same period in the previous year. Over the same period, Tencent generated RMB578.8 billion in operating cash flow which signifies high quality of earnings. This report depicts a few potential problems and gives solutions to them by doing comprehensive research on the market scenario. (March 23, 2022). You only have access to basic statistics. In the early days, QQ was Tencents key product. Show publisher information Click here to subscribe and stay tuned for future updates! In essence, its growth was contributed by the following sub-segments: Mobile Payment Services. Since then, it has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019. A paid subscription is required for full access. Management claims that the decline in QQ's smart device MAU is due to Tencent's purging of spam and bot accounts, although we think that consumer switching from QQ to Weixin also plays a role as users migrate from the more PC-oriented QQ platform to mobile-friendly Weixin (see Part 1). FinTech Services revenue growth primarily reflected increasing commercial in 2021 and the total revenue is expected to grow at 5.5% (CAGR) through 2022 to 2029, reaching US$ 25.63 Bn.Pune, Feb. 27, 2023 (GLOBE . ", Tencent, Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) Statista, https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/ (last visited March 02, 2023), Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) [Graph], Tencent, March 23, 2022. An investment is suitable for your portfolio network is QQ and WeChat 1 min read of pandemic-driven.! 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