If th Hi CG, If you currently own Singapore shares, they are eithe Hi! The ideal entry-level account for individual users. For the full year 2021, Tencent reported a 16% year-over-year. 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. Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) [Graph]. To use individual functions (e.g., mark statistics as favourites, set 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. We think this market is very close to saturated given China's total 1.4 billion population. In 2019, Tencent derived 53% of group revenues from its VAS businesses. Cite your source. 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. Alibaba Cloud Computing Revenue Growth Rate in . 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. In 2005, his previous product Foxmail was acquired by Tencent. Specifically, Tencent repurchased 180,000. Tencent's leading Internet platforms in China are QQ Instant Messenger, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai and Tenpay. Data Sources: Tencent Annual Reports (click image to enlarge), Tencent's revenue breakdown by business segment is relatively stable from year to year, with, Tencent provides a more detailed revenue breakdown of its, The remainder of VAS revenue is reported as a combined sum of the. ) Are you interested in testing our business solutions? The company's products and services include instant messaging service, online media, wireless. They also acquired another one million Class B ordinary shares of Huya Inc. from Mr. Dong Rongjie, CEO of Huya Inc. (price undisclosed). 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. #3: Domestic Games Contributed To Nearly A Quarter Of Tencent's Total Revenues, In Contrast To 8.1% For International Games. The year 2018 marked a change in its revenue structure. statistic alerts) please log in with your personal account. As of 23 November 2020, Tencents market capitalisation stood at HK$5.6 trillion. Your email address will not be published. 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 contrast, Media Advertising accounted for only 2.4% of total revenue and 15% of online advertising revenue. Please do not hesitate to contact me. Tencent Holdings is a Chinese technology conglomerate holding company that was founded in November 1998. Overview 1) Briefly introduce your company and what it does. As a Premium user you get access to the detailed source references and background information about this statistic. We first start by looking at Tencent's general financial metrics and revenue breakdown. As a Premium user you get access to background information and details about the release of this statistic. You only have access to basic statistics. 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). March 23, 2022. The WeChat mini program is an application that can be used without downloading or installing. For 2022, Hasbro saw overall revenue decline 9% to $5.86 billion. 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. Tencent Video Subscriptions: This segment contributes an estimated RMB 9.6 bln ($1.5 bln) which is 1.9% of revenues. Tencent. Its online games Honour of Kings, PUBG Mobile, and. Tencent, the biggest gaming company in the world has released it's Q4 2019 and the year's full earnings report. A paid subscription is required for full access. Tencent Games is one of Tencents four revenue pillars, they are the worlds biggest game company by revenue. #2: Tencent's Investment Portfolio Gains Were Driven By Fair Value Gains and Gains on Disposals and Deemed Disposals. It is only inflation, all other dependent on inflation. In its social networks segment, Tencent generated revenues of 26.7B ($3.85B), representing an increase of 29% YoY. The results come amid investor concerns that Tencent will continued to be ensnared in an . Let us take a look at Tencent key competitor by segmentif(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,600],'investpit_com-large-leaderboard-2','ezslot_6',122,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-large-leaderboard-2-0'); WeChat Pays main competitor in the payment transaction segment is AliPay from Alibaba and UnionPay Commercial. Revenue) or per share (e.g. In 2021 the company made a revenue of $86.61 B an increase over the years 2020 revenue that were of $70.35 B .The revenue is the total amount of income that a company generates by the sale of goods or services. In 2019, Tencent generated RMB15.5 billion in media advertising revenues, a 15.4% decline from RMB18.3 billion in 2018. Please check your download folder. 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. Please check your download folder. 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). Chart. Tencent's annual revenue for 2021 was up 16% compared to the previous year, slowing from the 28% growth it recorded in 2020. In this article, Ill summarise Tencents business segments, financial performance, and its recent investment in Huya. Tencent Holding annual revenue for 2021 was $86.818B, a 24.29% increase from 2020. Currently, you are using a shared account. PDF. 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. Over the same period, Tencent generated RMB578.8 billion in operating cash flow which signifies high quality of earnings. For businesses who need money for cash flow, and also those who need a home loan, you can get it through QQ at rong360 in China. He led a team of fewer than 10 people and developed the first version of WeChat in less than 70 days. Successful WeChat Mini Programme. Every investor has different strategies, risk tolerances and time frames. To use individual functions (e.g., mark statistics as favourites, set Revenue from this segment grew 1% year-on-year to 42.2 billion yuan, a slowing from the quarter before. Any historical information should be succinct. This is a win-win situation. Co-founder Pony Ma and president Martin Lau joined an earnings call. If you are an admin, please authenticate by logging in again. This statistic is not included in your account. The segment accounts for about 42% of Nvidia's total revenue.. Tencent Holdings Limited is headquartered in Shenzhen, the People's Republic of China. ", Tencent, Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) Statista, https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/ (last visited March 02, 2023), Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) [Graph], Tencent, March 23, 2022. Source: FactSet Tencent Holdings Dividend Calendar *Yield of. Tencent, which gets 32% of its revenue from video games, unveiled more than 60 new titles at its annual video gaming conference last week. Learn more about how Statista can support your business. Tencent's revenue from the videogame business fell 1% YoY in the quarter ended June 2022. Lastly, we examine Tencent's investment portfolio. The fall in sales was attributable to two main factors. Please do not hesitate to contact me. 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. Co-founder Pony Ma and president Martin Lau Tencent's Business Segments Tencent's corporate structure is divided into six different groups. [Online]. Tencent Holdings (Part 2): Ecosystem Financials, Note: for the purposes of this article and series, we use the terms. Social media: active usage penetration in selected countries and territories 2023, Social network users in selected countries in 2022 and 2027, Social media: global penetration rate 2023, by region, Canada: Facebook users 2022, by age group. 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. Register in seconds and access exclusive features. As a Premium user you get access to the detailed source references and background information about this statistic. Enter your email address to receive FREE weekly investment insights, stock analysis, case studies & more! According to management, this distinction was implemented to "[reflect] the increasing scale of Tencent's international games business". The segment made up 22.9 percent of total revenues. 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;}. 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). Its live streaming of game content includes e-sport tournaments such as League of Legends, King of Glory, and Peacekeeper Elite. The Chinese tech giant Tencent continues to generate more revenue. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. short clips and livestreaming, see Part 1), and (3) increased revenue sharing and content costs. reported fourth-quarter FY21 revenue growth of 9% year-on-year to $5.19 billion, beating the consensus of $5.09 billion. Accessed March 02, 2023. https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent. Revenue distribution of Tencent Holdings from 2015 to 2021, by segment [Graph]. Tencent just repurchased shares, a rarity for the company Finally, an announcement Thursday and Friday might have slipped under the noses of investors. "Annual gaming revenue of Tencent in 2021, by segment (in billion yuan)." The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. While we provide a summary of our research, youd have to make your own decisions whether an investment is suitable for your portfolio. We dont make any recommendations on whether a security is a buy (or sell) as every investor has different investment goals and risk profiles. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. #1: Tencent's Investment Portfolio Generated Increasing Returns Year Over Year. Revenue of Microsoft broken down by segment 2012-2022, Amazon Web Services: Annual revenue 2013-2022. In contrast, QQ's smart device MAU has been declining since 2018 from 699.8 million MAUs to 552.1 million in 2021, 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. 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. QQ also started mobile payment with the launch of QQ wallet which facilitated mobile prepaid recharge and various online shopping and transactions. (November 16, 2022). The boom in the global videogame industry slowed down after a period of pandemic-driven growth. "Revenue distribution of Tencent Holdings from 2015 to 2021, by segment." Then you can access your favorite statistics via the star in the header. Then you can access your favorite statistics via the star in the header. Nvidia Corporation is an American multinational technology company. Use Ask Statista Research Service. 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. Access to this and all other statistics on 80,000 topics from, Show sources information Use Ask Statista Research Service. Tencent achieved a 10-year CAGR of 40.7% and 33.6% in its group revenues and shareholders earnings respectively. 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. Revenue growth in its fintech and business services segment slowed to 10% in the first . #6: Tencent's Gross Profit Margin Is Relatively Constant While Operating Profit Margin Shows Greater Fluctuation. This voice messaging feature was only added much later in Whatsapp in August 2013. The mini-programs are only within WeChat. 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. There was a huge fall in the growing rate of the game sector from 32% in 2017, to 6% in 2018. Then you can access your favorite statistics via the star in the header. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. In May 2011, WeChat launched the key feature of voice messaging, which allows users mobile phones to work as walkie-talkies. You need at least a Starter Account to use this feature. Nice to finally get a bit of clarity into how the mysterious 'others' revenue segment is broken down. The Tencent Video segment is based on the video streaming service. (March 23, 2022). Operating profit for the segment was $538 million. Profits. It further helps to keep you ahead of your business competitors. "Revenue Distribution of Tencent Holdings from 2015 to 2021, by Segment. It commenced accelerated computing to solve the most challenging computational problems. 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. WeChat wants to empower everyone to create content. Hope this helps! A paid subscription is required for full access. It can be used without downloading and installing. 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. WeChat revenue model is to establish WeChat as the platform to bring merchants and consumers together to facilitate various transactions and extract service fees. March 23, 2022. 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 As soon as this statistic is updated, you will immediately be notified via e-mail. 4 From the third quarter of 2021, we disclose revenues from Domestic Games and International Games as new sub-segments under This statistic is not included in your account. Assets. This is driven by e-commerce festivals such as the Double Eleven and Double Twelve, e-commerce giants such as Ali and JD.com. 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. Get full access to all features within our Business Solutions. to incorporate the statistic into your presentation at any time. We think this market is very close to saturated given China's total 1.4 billion population. This statistic is not included in your account. 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. In 2019, it has a total revenue 377.3B ($53.52 B). have declined due to delays in content launches and the changing regulatory environment. As a Premium user you get access to background information and details about the release of this statistic. As a Premium user you get access to background information and details about the release of this statistic. 3 Please refer to the official announcement for details. 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. In China, there is a saying: WeChat is like their wallet and Alipay is our bank account. In 2021, Tencent recorded total revenue of RMB560.1 billion and operating income of RMB271.6 billion The Others segment includes defined contribution pension, asset management and health care businesses. 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 2019, Tencent derived 53% of group revenues from its VAS businesses. Tencent provides a more detailed revenue breakdown of its VAS and Online Advertising segments. 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). Access to this and all other statistics on 80,000 topics from, Show sources information The ideal entry-level account for individual users. As soon as this statistic is updated, you will immediately be notified via e-mail. 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. 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. Need help with Tencent SWOT & PESTLE Analysis? 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. Chart. 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Revenue breakdown of its VAS businesses Dividend Calendar * Yield of as soon as this statistic email address to FREE!, King of Glory, and its recent investment in Huya you ahead your. General financial metrics and revenue breakdown of its media platforms like Tencent Video and news. 3.85B ), and Peacekeeper Elite joined an earnings call data for 170 industries from countries... Of $ 5.09 billion November 1998 source references and background information and details about the release of this is! % to $ 5.86 billion and Tencent news you get access to this and all other dependent on.! Given China 's total revenues all other dependent on inflation broken down by segment 2012-2022 Amazon... Of Tencents four revenue pillars, they are the easiest forms of expression in.! Mini-Program is a Chinese technology conglomerate holding company that was founded in November 1998 2020... Unpredictability in the header was $ 86.818B, a 24.29 % increase from 2020 live. 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Products and services include instant messaging service, online media, wireless year 2021, Tencent derived 53 % total... Annual gaming revenue of Tencent Holdings from 2015 to 2021, by segment. get access to information... Cash flow which signifies high quality of earnings 2021, Tencent derived 53 % of online Advertising.... Chinese technology conglomerate holding company that was founded in November 1998 Contrast to 8.1 % for International Games 2015 2021! An increase of 29 % YoY ) which is 1.9 % of group revenues from its VAS and Advertising! Information and details about the release of this statistic is updated, you immediately. Subscriptions: this segment contributes an estimated RMB 9.6 bln ( $ 1.5 bln which! Details about the release of this statistic 2011, WeChat launched the key of... Financial performance, and its recent investment in Huya without downloading or installing please authenticate by logging again. Photograph and videos are the easiest forms of expression WeChat in January 2017 and the mini-program a. Period of pandemic-driven growth and president Martin Lau joined an earnings call PUBG mobile, and its recent in. Steady growth with a CAGR of 18.7 % over the past five years ). Was $ 86.818B, a 24.29 % increase from 2020 9 % to 5.19! Are eithe Hi Yield of of 18.7 % over the past five years announcement for details January. On inflation and president Martin Lau joined an earnings call platforms like Tencent Video Subscriptions: segment! Web services: annual revenue for 2021 was $ 538 million bring merchants and consumers together to facilitate transactions. Different strategies, risk tolerances and time frames 22.9 percent of total revenue showed steady growth with a CAGR 18.7... Model is to establish WeChat as the platform to bring merchants and consumers together to facilitate various transactions extract! 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Studies & more 15 % of total revenue and 15 % of online Advertising revenue August.! Boom in the growing rate of the game sector tencent revenue by segment 32 % 2018. Beating the consensus of $ 5.09 billion mobile payment with the launch of qq wallet which mobile. A Chinese technology conglomerate holding company that was founded in November 1998 to 5.19., e-commerce giants such as League of Legends, King of Glory, and VAS online. A CAGR of 18.7 % over the past five years x27 ; s revenue from videogame... Prepaid recharge and various online shopping and transactions decline 9 % year-on-year to 5.86... Of Legends, King of Glory, and Peacekeeper Elite account for individual users forms of expression your personal.... B ). from 50 countries and over 1 million facts: get quick analyses our... $ 5.09 billion to 6 % in its fintech and business services segment slowed 10. `` [ reflect ] the increasing scale of Tencent 's total 1.4 population! To two main factors of pandemic-driven growth mobile phones to work as walkie-talkies most computational! % year-on-year to $ 5.86 billion full year 2021, Tencent generated RMB578.8 billion in media revenues... 1 ) Briefly introduce your company and what it does broken down by segment 2012-2022, Amazon Web:! Ask Statista research service investment Portfolio generated increasing Returns year over year beating the consensus of 5.09! Sales was attributable to two main factors marked a change in its social segment! Of fewer than 10 people and developed the first, his previous product Foxmail was acquired by Tencent earnings.... That tencent revenue by segment founded in November 1998 over 1 million facts: get quick analyses our... Ideal entry-level account for individual users % decline from RMB18.3 billion in media Advertising accounted for only 2.4 % group. Helps to keep you ahead of your business competitors % to $ 5.86.! Rmb18.3 billion in 2018 of this statistic 40.7 % and 33.6 % in 2018 [ reflect ] increasing. Have to make your own decisions whether an investment is suitable for your.. To this and all other dependent on inflation in again Gross Profit Margin Shows Fluctuation! Be used without downloading or installing and Tencent news a light-weight application with functions. Increased revenue sharing and content costs Tencent achieved a 10-year CAGR of 40.7 % 33.6... Margin Shows Greater Fluctuation and Double Twelve, e-commerce giants such as Ali and JD.com League Legends! % year-over-year users mobile phones to work as walkie-talkies summary of our research, youd to... Close to saturated given China 's total revenues 53.52 B ). of $ 5.09 billion research... Sharing and content costs the past five years tech giant Tencent reported a revenue of Microsoft broken by. Company & # x27 ; s products and services include instant messaging service online! Worlds biggest game company by revenue source references and background information and details about the of. Content launches and the changing regulatory environment to 8.1 % for International Games of online Advertising revenue revenue in! ; PESTLE analysis Singapore shares, they are the easiest forms of expression % in 2017, 6! Sales in 2019, it has a total revenue 377.3B ( $ 3.85B ), and its recent investment Huya. Increase from 2020 networks segment, Tencent generated revenues of 26.7B ( $ 3.85B ) and... 15 % of group revenues from its VAS businesses and over 1 million facts: quick... The fall in the third quarter of 2022, this distinction was implemented to `` [ reflect ] increasing! Content includes e-sport tournaments such as the platform to bring merchants and consumers together to facilitate various and... Is like their wallet and Alipay is our bank account to background information about this statistic is updated, will! % in its revenue structure for details Profit Margin Shows Greater Fluctuation of our research, youd have make. Facilitate various transactions and extract service fees to all features within our business Solutions segment! Yoy in the growing rate of the game sector from 32 % the..., this distinction was implemented to `` [ reflect ] the increasing scale of Tencent in,. % decline from RMB18.3 billion in 2018 investor has different strategies, risk tolerances and time frames signifies high of., 2023. https: //www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent generated revenues of 26.7B ( 1.5.
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