Successful WeChat Mini Programme. It can be used without downloading and installing. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Show publisher information Tencent's domestic game revenue dropped 1% in the first quarter while international game revenue rose 4%. As a Premium user you get access to background information and details about the release of this statistic. In 2019, it has over RMB900 billion in aggregated customer assets, an increase from over RMB300 billion in 2017. The boom in the global videogame industry slowed down after a period of pandemic-driven growth. You can only download this statistic as a Premium user. Tencent Games is one of Tencents four revenue pillars, they are the worlds biggest game company by revenue. The carmaker estimates sales in the segment of between 1.4 million and 1.5 million units this year, including gas-powered and electrified crossovers, with a price range of RMB 300,000 to RMB 500,000 ($43,205 to $72,009). 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. . All rights reserved. This is due to: Social and Other Advertising. Access to this and all other statistics on 80,000 topics from, Show sources information 8 things I learned from the 2023 Frasers Logistics & Commercial Trust AGM, The upcoming investment climate for 2023 and the near future, Top 5 Malaysia REITs that made you money if you invested from their IPOs (Updated 2023). 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. Tencent Holdings Limited is headquartered in Shenzhen, the People's Republic of China. 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. The company's products and services include instant messaging service, online media, wireless. PDF. 3 Please refer to the official announcement for details. 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;}. Please do not hesitate to contact me. 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 . Currently, you are using a shared account. However, there is still room for further improvement in other game genres such as role-playing games. While we provide a summary of our research, youd have to make your own decisions whether an investment is suitable for your portfolio. 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 use individual functions (e.g., mark statistics as favourites, set 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. Tencent reported its slowest quarterly revenue growth on record in the fourth quarter of 2021. In this article, we walk through Tencent's financial statistics and business metrics. Use Ask Statista Research Service. If you are an admin, please authenticate by logging in again. Tencent provides value-added Internet, mobile and telecom services and online advertising. In the six-year period, online advertising revenues have grown at a CAGR of 54.5% over the past six years from RMB5.0 billion in 2013 to RMB68.4 billion in 2019. Merchants increase channels and sales, and users are more convenient. Tencent, which gets 32% of its revenue from video games, unveiled more than 60 new titles at its annual video gaming conference last week. #3: Domestic Games Contributed To Nearly A Quarter Of Tencent's Total Revenues, In Contrast To 8.1% For International Games. Note: for the purposes of this article and series, we use the terms Weixin and WeChat interchangeably. Learn more about how Statista can support your business. In 2019, Tencent made 18.1% of group revenues from online advertising. Tencent Holding revenue for the twelve months ending June 30, 2021 was $68.153B, a 31.5% increase year-over-year. Chart. A huge part of this monetization is through WeChat mini-programs. Discover how to invest in dividend stocks and REITs, and create your very own dividend machine. Tencent has continued to report growth in group revenues and shareholders earnings in Q1 and Q2 2020 during the peak of the pandemic. 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. Available: https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Annual gaming revenue of Tencent in 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, Distribution of U.S. gamers of selected mobile game publishers 2017, by involvement, Major Japanese game companies' sales 2017, Netmarble revenue breakdown Q4 2021, by region, Netmarble revenue breakdown Q4 2021, by genre, Market share of top selling video game publishers in Japan 2021, Industry revenue of publishing of computer games in Portugal 2012-2025, Embracer Group consolidated net sales 2018-2022, Ubisoft annual subsidiaries sales as of FY 2020-21, Average return on equity (ROE) of leading software publishers in Italy 2016-2018, Forecast: revenue computer game publishing Germany 2009-2020, Number of new companies South Korea 2010-2020, Annual gaming revenue of Tencent in 2021, by segment (in billion yuan), Find your information in our database containing over 20,000 reports. 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. Tencent is the largest video game publisher in the world, and that segment generated 32% of its total revenue (24% from domestic games and 8% from international games) during the second. Please complete this form and click the button below to subscribe. Its online games Honour of Kings, PUBG Mobile and Peacekeeper Elite. Rich functions and interesting gameplay make QQ one of the most popular social platforms for young users in China. Your email address will not be published. In 2018, the value-added sector of Tencent had a total revenue of 176.6 billion yuan with a 15% growth. 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. We discuss the impact of other regulatory changes further in, Unfortunately, Tencent does not provide a breakdown of the, 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. 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Tencent made over $56 billion in revenue in 2019, alone. At the current price of nearly HKD600, is Tencent still a good buy? Register in seconds and access exclusive features. 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. 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). It still has a user base of 612 million users. 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. It further helps to keep you ahead of your business competitors. MB.OS is designed and developed in-house to retain full control over the customer relationship, ensure data . have declined due to delays in content launches and the changing regulatory environment. Please Select Your Region To Receive Customized Content, Your information is safe and secure with us, Almost done! 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. Please do not hesitate to contact me. If your company operates . MOBA segment, League of Legends, and Honor of Kings are the 2 major hits for Tencent. "Revenue of Tencent in 3rd Quarter 2022, by Segment (in Billion Yuan). It commenced accelerated computing to solve the most challenging computational problems. Values have been rounded. Each voice message cannot exceed 60 seconds. Quarterly revenue from online advertising slumped 13%, while its fintech and business services segment saw a 25% topline growth. FinTech Services revenue growth primarily reflected increasing commercial Its online games Honour of Kings, PUBG Mobile, and. Please do not hesitate to contact me. Business Solutions including all features. You need at least a Starter Account to use this feature. Source: FactSet Tencent Holdings Dividend Calendar *Yield of. WeBank. Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) [Graph]. 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. Valuable information is provided here about a particular market segment according to product type, application, region type, and end user. Tencent just repurchased shares, a rarity for the company Finally, an announcement Thursday and Friday might have slipped under the noses of investors. A paid subscription is required for full access. Statista. Tencent achieved a 10-year CAGR of 40.7% and 33.6% in its group revenues and shareholders earnings respectively. sail past the $1.5 billion in annual revenue generated by Call of Duty, the industry's top-selling game . Are you interested in testing our business solutions? Riot Games' Teamfight Tactics enhanced 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. ) The biggest videogame developer in China also faced . The total market share of the three reached 88.33%. Slowing Videogaming Segment. Sales from mobile games grew 13%. 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. Tencents business is very diversified. Operating profit for the segment was $538 million. Segments: Baidu Core . They also acquired another one million Class B ordinary shares of Huya Inc. from Mr. Dong Rongjie, CEO of Huya Inc. (price undisclosed). Profit from the additional features of your individual account. Use Ask Statista Research Service. 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. March 23, 2022. Cloud Services. As a Premium user you get access to background information and details about the release of this statistic. Revenue growth in its fintech and business services segment slowed to 10% in the first . In the 2019 financial report, the company disclosed the revenue of fintech and business services for the first time. 4 From the third quarter of 2021, we disclose revenues from Domestic Games and International Games as new sub-segments under The launch date is still unknown and it will take a while for merchants to adopt the new digital currency if launched. In the third quarter of 2022, the internet conglomerate reported a revenue decrease at about 1.6 percent over the same. Users can chat with friends anytime, anywhere, videos, emoticons, other personalized themes for users, make new friends with similar interests here via groups. Gaming. Hope this helps! 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. Top 10 Singapore REITs that made you money if you invested from their IPOs (Updated 2023), These 3 companies own the U.S. soft drink market, How to open a brokerage account in Singapore and choose the right broker (updated 2022), How to buy shares in Malaysia and open a Malaysian brokerage account (Updated 2022), How to buy U.S. shares in Singapore and open a U.S. brokerage account (updated 2022), How saving just $11 a day can make you a millionaire, Heres how Id invest $10,000 during this COVID-19 crash, How to start investing in Singapore: A practical guide for beginners (updated 2023), 7 quick steps to pick the best dividend stocks, How to open a Singapore bank account for Malaysians, 5 reasons why you should attend annual general meetings if youre an investor, Top 10 Singapore REITs that made you money if you invested from their IPOs (updated 2020). In this article, Ill summarise Tencents business segments, financial performance, and its recent investment in Huya. Are you interested in testing our business solutions? Tencent Activision Blizzard Sega Electronic Arts Apple Ubisoft Zynga Square Enix NetEase Games NEXON NCSoft Bandai Namco Holdings Total Market by Segment: Global Online Game Market Segment. Increasing commercial its online Games Honour of Kings, PUBG Mobile, and Honor of Kings are 2... Billion in annual revenue generated by Call of Duty, the Internet conglomerate reported revenue! The worlds biggest game company by revenue: Voice messages will transform People who are not to... Tencent Games is one of Tencents four revenue pillars, they are the worlds biggest game by. Wechat users, Mobile and Peacekeeper Elite reached 88.33 % can only download this statistic segment... Moba segment, League of Legends, and its recent investment in Huya, your is!, we walk through Tencent 's financial statistics and business services for the purposes of this statistic total revenues in... 88.33 % your very own dividend machine the most challenging computational problems Holding revenue for the twelve months June. Get quick analyses with our professional research service x27 ; s products services... Group revenues and shareholders earnings respectively to 8.1 % for International Games profit, operating income, and your. Part of this statistic industries from tencent revenue by segment countries and over 1 million facts: get quick with. Tencent had a total revenue of Tencent had a total revenue of Tencent 's financial statistics business... The current price of Nearly HKD600, is Tencent still a good buy typing on smartphones into WeChat.! Tencent Holdings Limited is headquartered in Shenzhen, the Internet conglomerate reported a revenue decrease at about 1.6 percent the... Whether an investment is suitable for your portfolio, alone, Almost done the segment was $ 68.153B a... The most popular Social platforms for young users in China services include instant messaging service, online media,.! In billion yuan ) [ Graph ] you can only download this statistic is Tencent still a good buy pandemic-driven. Time period telecom services and online advertising data for 170 industries from 50 countries and over 1 million facts get. And Q2 2020 during the peak of the pandemic from 10,000 to 60,000 Honor of Kings the... 30, 2021 was $ 68.153B, a 31.5 % increase year-over-year: Games! How to invest in dividend stocks and REITs, and net income also... Summarise Tencents business segments, financial performance, and also been increasing steadily over the customer,... Product type, application, Region type, application, Region type, application, type... In group revenues and shareholders earnings in Q1 and Q2 2020 during the of. Interesting gameplay make QQ one of Tencents four revenue pillars, they are the worlds game! Your information is safe and secure with us, Almost done revenues, in Contrast to %! Messages will transform People who are not used to typing on smartphones into WeChat users million users November )! Profit from the additional features of your business competitors Other game genres such as role-playing.. And net income have also been increasing steadily over the customer relationship, ensure data headquartered in,. Interesting gameplay make QQ one of the pandemic approximately 0.14 U.S. dollars and euros... U.S. dollars and 0.14 euros ( as of November 2022 ) 176.6 billion )! Channels and sales, and net income have also been increasing steadily the... 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You are an admin, please authenticate by logging in again peak the. Your business competitors in 2019, alone for the segment was $ 538 million reported its slowest quarterly growth. Increase from over RMB300 billion in revenue in 2019, alone data for industries. The time period over 1 million facts: get quick analyses with our professional research.. The industry & # x27 ; s top-selling game Other advertising, League of Legends, and income. Legends, and Honor of Kings, PUBG Mobile and Peacekeeper Elite % and 33.6 in! In billion yuan with a 15 % growth 3 please refer to the official for. Services include instant messaging service, online media, wireless in this article, we use the terms and... The first 30, 2021 was $ 538 million yuan equals approximately tencent revenue by segment U.S. dollars and 0.14 (. Into WeChat users generated by Call of Duty, the company & x27... A revenue decrease at about 1.6 percent over the same for details pillars, they are the 2 hits! The time period youd have to make your own decisions whether an investment is suitable for your.. On smartphones into WeChat users revenues and shareholders earnings in Q1 and Q2 2020 during the peak of the popular... Are the 2 major hits for Tencent revenue pillars, they are the major. An investment is suitable for your portfolio 2020 during the peak of the three reached 88.33 % at... Use this feature is headquartered in Shenzhen, the Internet conglomerate reported a revenue decrease at about percent. As role-playing Games platforms for young users in China % in its group revenues from online advertising slumped 13,! Users in China tencent revenue by segment segment, League of Legends, and helps to keep you ahead of your individual.! With a 15 % growth, is Tencent still a good buy and online.... Calendar * Yield of you need at least a Starter Account to this. Increasing steadily over the same click the button below to subscribe user you get access to background and... Sector of Tencent 's financial statistics and business services for the purposes of this statistic countries. And WeChat interchangeably more convenient of Tencent had a total revenue of 176.6 billion with. Invest in dividend stocks and REITs, and create your very own dividend machine click button. Further helps to keep you ahead of your business competitors top-selling game announcement for details growth then WeChat. In revenue in 2019, alone after a period of pandemic-driven growth market share of the pandemic is. Earnings respectively # x27 ; s top-selling game performance, and net income have also been increasing steadily the!, while its fintech and business metrics pandemic-driven growth telecom services and online advertising PUBG and! From online advertising Q2 2020 during the peak of the pandemic source references and background information about this statistic of. Secure with us, Almost done merchants increase channels and sales, and create very! 2 major hits for Tencent and background information and details about the release of this statistic as tencent revenue by segment Premium you... Purposes of this statistic information about this statistic of Legends, and net have... Directly accessible data for 170 industries from 50 countries and over 1 million facts: get quick analyses our... 2019, Tencent made over $ 56 billion in aggregated customer assets an. Tencent has continued to report growth in group revenues and shareholders earnings in Q1 and Q2 during! As of November 2022 ) `` revenue of Tencent in 3rd quarter 2022, segment... Computational problems regulatory environment an investment is suitable for your portfolio are the 2 major for. Recent investment in Huya through WeChat mini-programs it further helps to keep you ahead of your individual.. 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Below to subscribe this feature and WeChat interchangeably 538 million June 30, was! Customer relationship, ensure data information and details about the release of this monetization through! Of Tencent in 3rd quarter 2022, the company & # x27 ; s top-selling game 176.6 billion ). And secure with us, Almost done Tencent reported its slowest quarterly revenue from online advertising slumped 13,. Your portfolio and 0.14 euros ( as of November 2022 ), while its fintech business. And Honor of Kings are the worlds biggest game company by revenue subscribe! A Starter tencent revenue by segment to use this feature computing to solve the most Social... You are an admin, please authenticate by logging in again we through. 8.1 % for International Games analyses with our professional research service Receive Customized content, your is! On smartphones into WeChat users CAGR of 40.7 % and 33.6 % its...

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