FinTech Services revenue growth primarily reflected increasing commercial "Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan)." In, Tencent. Tencent's annual revenue for 2021 was up 16% compared to the previous year, slowing from the 28% growth it recorded in 2020. Profit. Revenue of Microsoft broken down by segment 2012-2022, Amazon Web Services: Annual revenue 2013-2022. 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. Tencent Holdings Limited is an Internet service portal. to incorporate the statistic into your presentation at any time. 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. 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. As of 2019. Analysis Are you interested in testing our business solutions? Tencent reported its slowest quarterly revenue growth on record in the fourth quarter of 2021. The WeChat mini program is an application that can be used without downloading or installing. The boom in the global videogame industry slowed down after a period of pandemic-driven growth. Licaitong. We dont make any recommendations on whether a security is a buy (or sell) as every investor has different investment goals and risk profiles. In its social networks segment, Tencent generated revenues of 26.7B ($3.85B), representing an increase of 29% YoY. Tencent is the dominant name when it comes to gaming in China and is even reported as the world's largest video game vendor.The Chinese gaming giants also have a stranglehold in the mobile gaming segment, generating large amounts of revenue. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. Accessed March 02, 2023. https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent. Tencent Holdings (Part 2): Ecosystem Financials, Note: for the purposes of this article and series, we use the terms. Tencent's domestic game revenue dropped 1% in the first quarter while international game revenue rose 4%. If you are an admin, please authenticate by logging in again. In 2013, Tencent launched Weixin Pay/WeChat Pay, a mobile payment services app widely used in China. Users can chat with friends anytime, anywhere, videos, emoticons, other personalized themes for users, make new friends with similar interests here via groups. "Revenue distribution of Tencent Holdings from 2015 to 2021, by segment." Nice to finally get a bit of clarity into how the mysterious 'others' revenue segment is broken down. The major producers in this industry include Tencent, Microsoft, Sony, etc., whose annual revenue accounts for 4.16%, 4.08% and 3.99% respectively. short clips and livestreaming, see. In 2019, Tencent made 18.1% of group revenues from online advertising. It was supported by higher revenue earned from Weixin Moments, Mini Programs, and its mobile advertising networks. Assets. [Online]. MB.OS is designed and developed in-house to retain full control over the customer relationship, ensure data . Impact of Chinas reopening on Singapore REITs, Top 3 Hong Kong REITs that made you money if you invested from their IPOs (Updated 2023). You need at least a Starter Account to use this feature. He led a team of fewer than 10 people and developed the first version of WeChat in less than 70 days. Comparing the five REIT ETFs listed in Singapore: Which should you pick? Press release - DeepResearchReports - Global Short Video Ads Solution Market Emerging Trends, Segment Analysis and Industry Forecast 2023 - 2029 - published on openPR.com You can only download this statistic as a Premium user. Tencent. Learn more about how Statista can support your business. 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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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. The 2 key Tencent social network is QQ and WeChat. Please create an employee account to be able to mark statistics as favorites. 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. Weixin). 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. Revenue growth in its fintech and business services segment slowed to 10% in the first . 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. 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. First, revenues in 2018 was boosted by its broadcasting of the FIFA World Cup in Russia. On January 21, 2011, WeChat was officially released. Use Ask Statista Research Service. Revenue) or per share (e.g. short clips and livestreaming, see Part 1), and (3) increased revenue sharing and content costs. Please create an employee account to be able to mark statistics as favorites. "Annual gaming revenue of Tencent in 2021, by segment (in billion yuan)." WeBank is a privately-owned digital bank located in Shenzhen which offers retail and SME customers savings, loans, and investment services in China. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. It offers 100+ million users a one-stop platform for financial and investment management tools where its products include money market funds, bond funds, index funds, investment-linked insurance funds, hybrid funds and overseas funds. The ideal entry-level account for individual users. PDF. Order the complete Tencent SWOT & PESTLE report or view the free sample complete report on our site now! It is social, free and popular on mobile -- the fastest growing segment of gaming. You need a Statista Account for unlimited access. In the fourth quarter of 2019, overseas gaming revenue has more than doubled year-on-year and accounted for 23% of online game revenue. Baidu Inc. BIDU. 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 China, there is a saying: WeChat is like their wallet and Alipay is our bank account. [Online]. Revenue climbed 20% to 138.3 billion yuan, in line with expectations. Slowing Videogaming Segment. 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. 4 From the third quarter of 2021, we disclose revenues from Domestic Games and International Games as new sub-segments under This statistic shows the revenue distribution of Tencent from the fiscal year 2015 to 2021, by segment. Statista. Your email address will not be published. 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. Almost done! 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). Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. My teams and I have . I help EdTech, FinTech and Technology companies break through growth stagnation by creating AI-first, data driven products, market expansion, and global strategic partnerships. (March 23, 2022). 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. 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. ) Please do not hesitate to contact me. Note: offline and online entertainment programs are required to obtain regulatory approval before airing or streaming in China. In 2019, Tencent derived 53% of group revenues from its VAS businesses. Nvidia Corporation is an American multinational technology company. Learn how your comment data is processed. Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) [Graph]. The fall in sales was attributable to two main factors. Currently, you are using a shared account. 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. to incorporate the statistic into your presentation at any time. WeChat wants to empower everyone to create content. In this note we discuss Electronic Arts' business model, its revenue segments, sales trends, and forecast. 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