Nvidia Corporation is an American multinational technology company. Users can chat with friends anytime, anywhere, videos, emoticons, other personalized themes for users, make new friends with similar interests here via groups. ", 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. Revenues have increased from RMB622 million in 2013 to RMB108.9 billion in 2019. At the current price of nearly HKD600, is Tencent still a good buy? Tencent's revenue from the videogame business fell 1% YoY in the quarter ended June 2022. 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. Profit from the additional features of your individual account. You can only download this statistic as a Premium user. 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 compute and networking segment delivered revenue of $3.0 billion in Q3 FY 2022, up 55.3% from the year-ago quarter. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. 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. Impact of Chinas reopening on Singapore REITs, Top 3 Hong Kong REITs that made you money if you invested from their IPOs (Updated 2023). 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). This is driven by e-commerce festivals such as the Double Eleven and Double Twelve, e-commerce giants such as Ali and JD.com. I'm especially curious if anyone particularly loves/hates this at $67/share. Co-founder Pony Ma and president Martin Lau joined an earnings call. Register in seconds and access exclusive features. The mini-programs are only within WeChat. 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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). To use individual functions (e.g., mark statistics as favourites, set Cite your source. 2014.07.25 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). If you are an admin, please authenticate by logging in again. Tencent, which gets 32% of its revenue from video games, unveiled more than 60 new titles at its annual video gaming conference last week. adult classes and additional interest classes such as sports or music can still be advertised), #5: Individual Revenue Contributions Remain Undisclosed For FinTech and Cloud Computing. He led a team of fewer than 10 people and developed the first version of WeChat in less than 70 days. Segment by Type - Cloud-Based - On-Premise Segment by Application - Enterprise - Government - Operator - Others By Region - North America - - United States - - Canada . "Annual Revenue of Tencent from 2014 to 2021, by Segment (in Billion Yuan). Tencent achieved a 10-year CAGR of 40.7% and 33.6% in its group revenues and shareholders earnings respectively. to incorporate the statistic into your presentation at any time. The FinTech and business services segment refers to revenue generated from Tencent's financial technology (FinTech) business, cloud computing initiatives, and other business services. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. You can only download this statistic as a Premium user. Profit from the additional features of your individual account. The Chinese tech giant Tencent continues to generate more revenue. 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). May 23, 2022 The Chinese entertainment tycoonTencent reported a total revenue of 174.3 billion yuan from online games in 2021. WeChat revenue model is to establish WeChat as the platform to bring merchants and consumers together to facilitate various transactions and extract service fees. Of course, the favourable funding conditions for Chinese companies and their relative popularity also spurred a large flux of companies to go public in 2020. Annual revenue of Tencent from 2014 to 2021,. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. Chart. Media Advertising. Tencents business is very diversified. As a Premium user you get access to background information and details about the release of this statistic. 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. Profit from the additional features of your individual account. March 23, 2022. Revenue. 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. As of 30 June 2020, Tencent reported 1.2+ billion monthly active users of Weixin and WeChat worldwide combined, and continues to invest in the development of new games and digital content as means to sustain growth for many years to come. 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). Revenues from FinTech and Business Services increased by 30% to RMB43.3 billion for the third quarter of 2021 on a year-on-year basis. Weixin). Note: slight discrepancies may exist between figures due to rounding. 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. The major producers in this industry include Tencent, Microsoft, Sony, etc., whose annual revenue accounts for 4.16%, 4.08% and 3.99% respectively. 3 Please refer to the official announcement for details. Its online games Honour of Kings, PUBG Mobile and Peacekeeper Elite. "Annual gaming revenue of Tencent in 2021, by segment (in billion yuan)." Slowing Videogaming Segment. 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%. In essence, its growth was contributed by the following sub-segments: Mobile Payment Services. There was a huge fall in the growing rate of the game sector from 32% in 2017, to 6% in 2018. "Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan)." You can only download this statistic as a Premium user. Its online games Honour of Kings, PUBG Mobile, and. 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. Learn more about how Statista can support your business. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. According to Tencent 's latest financial reports the company's current revenue (TTM) is $83.64 B . Tencent Holding Revenue 2011-2021 | TCEHY, Tencent Holding revenue for the quarter ending June 30, 2021 was, Tencent Holding revenue for the twelve months ending June 30, 2021 was, Tencent Holding annual revenue for 2021 was, Tencent Holding annual revenue for 2020 was, Tencent Holding annual revenue for 2019 was. reported fourth-quarter FY21 revenue growth of 9% year-on-year to $5.19 billion, beating the consensus of $5.09 billion. statistic alerts) please log in with your personal account. The year 2018 marked a change in its revenue structure. For the full year, revenue in the segment was up 3% to $1.33 billion. 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 Tencent Video segment is based on the video streaming service. 2014.11.13 Warner Music Group and Tencent enter groundbreaking strategic partnership in China . A huge part of this monetization is through WeChat mini-programs. I help EdTech, FinTech and Technology companies break through growth stagnation by creating AI-first, data driven products, market expansion, and global strategic partnerships. PDF. In contrast, Media Advertising accounted for only 2.4% of total revenue and 15% of online advertising revenue. MB.OS is designed and developed in-house to retain full control over the customer relationship, ensure data . In the early days, QQ was Tencents key product. Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) [Graph]. The Chinese giant reported continued growth in its Q4 and full-year financial results, which is expected.Total Q4 2019 generated revenue is RMB 106 billion ($15.2 billion), up 25% year-over-year. 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. [Online]. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. 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. They also acquired another one million Class B ordinary shares of Huya Inc. from Mr. Dong Rongjie, CEO of Huya Inc. (price undisclosed). Use Ask Statista Research Service. The biggest videogame developer in China also faced . 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. 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). Then you can access your favorite statistics via the star in the header. 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. 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. Overview 1) Briefly introduce your company and what it does. Every investor has different strategies, risk tolerances and time frames. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. Merchants increase channels and sales, and users are more convenient. March 1, 2022 6:29 AM | 1 min read. Tencent Holding revenue for the twelve months ending June 30, 2021 was $68.153B, a 31.5% increase year-over-year. 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). Given a history of +5-10% revenue growth, and . Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Do GDP and stock index ETFs actually grow in tandem? 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. Get full access to all features within our Business Solutions. A paid subscription is required for full access. Regular host and presenter of a weekly financial webinar with KCLau.com. Learn more about how Statista can support your business. In China, there is a saying: WeChat is like their wallet and Alipay is our bank account. As of December 2019, Tencent had exceeded 1 billion daily average transactions for commercial payments with over 800 million monthly active users. You are advised to perform your own independent checks, research or study; and you should contact a licensed professional before making any investment decisions. Chart. (March 23, 2022). ", Tencent, Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) Statista, https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/ (last visited March 02, 2023), Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) [Graph], Tencent, November 16, 2022. Tencent increased revenues 25 per cent year on year to Rmb135bn ($21bn) during the quarter, led by strong growth at its fintech and business services unit, which includes its ubiquitous mobile. Almost done! This report depicts a few potential problems and gives solutions to them by doing comprehensive research on the market scenario. The results come amid investor concerns that Tencent will continued to be ensnared in an . Tencent made over $56 billion in revenue in 2019, alone. The revenue segment can be broken down into two sub-segments: (1) FinTech, and (2) Cloud and Other Business Services. However, there is still room for further improvement in other game genres such as role-playing games. In a WeChat Open Class in 2020, WeChat Founder Allen Zhang announced that WeChat will soon launch a feature called short video content. In 2019, it has a total revenue 377.3B ($53.52 B). We think this market is very close to saturated given China's total 1.4 billion population. Profit from the additional features of your individual account. Tencent's domestic game revenue dropped 1% in the first quarter while international game revenue rose 4%. Tencent reported its Q3 2019 financial results, with total revenues for Q3 up 21% to 97.2B RMB ($13.9B USD) from 80.6B ($11.5B) in Q3 2018. Use Ask Statista Research Service. Lastly, we examine Tencent's investment portfolio. In 2013, Tencent launched Tencent Cloud. Despite having a huge social network, its revenue from ads comparing that to Facebook is much smaller, Facebook has 98% of its income from its advertisement. Currently, you are using a shared account. Tencent's annual revenue for 2021 was up 16% compared to the previous year, slowing from the 28% growth it recorded in 2020. Games Honour of Kings, PUBG Mobile and Peacekeeper Elite 2020, WeChat Founder Allen Zhang that. And Tencent enter groundbreaking strategic partnership in China video content over 1 million facts Get! 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