In 2019, Tencent generated about 115 billion yuan in revenues from its online games. Dividend Machines 2023 is open! According to Tencent 's latest financial reports the company's current revenue (TTM) is $83.64 B . support@swotandpestle.com; . Then you can access your favorite statistics via the star in the header. 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. Currently, you are using a shared account. Please create an employee account to be able to mark statistics as favorites. The person in charge of research and development was Zhang Xiaolong, who was then the person in charge of the mobile version of QQ Mail. to incorporate the statistic into your presentation at any time. You need a Statista Account for unlimited access. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. ), and (3) increased revenue sharing and content costs. You need at least a Starter Account to use this feature. 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. Get full access to all features within our Business Solutions. Tencent Holding annual revenue for 2020 was $69.851B, a 27.95% increase from 2019. It is social, free and popular on mobile -- the fastest growing segment of gaming. statistic alerts) please log in with your personal account. Revenue is being broken down intothe main 4 segmentsif(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,600],'investpit_com-medrectangle-3','ezslot_12',118,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-medrectangle-3-0'); QQ is an instant messaging platform launched by Tencent in February 1999this messaging tool spans the era of PC and mobile Internet. A paid subscription is required for full access. Need help with Tencent SWOT & PESTLE Analysis? Learn more about how Statista can support your business. In 2019, Tencent derived 53% of group revenues from its VAS businesses. Advertising revenues decreased by 25% to RMB3.2 billion, reflecting lower advertising revenues from Tencent Video and Tencent News services. Dividend investor. #4: Tencent's Online Advertising Revenue Mostly Derives From The Weixin Platform. sail past the $1.5 billion in annual revenue generated by Call of Duty, the industry's top-selling game . Available: https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Revenue of Tencent in 3rd quarter 2022, by segment, Available to download in PNG, PDF, XLS format, Canada: number of social media users 2018-2027, Canada: social network penetration 2018-2027, Canada: yearly growth of social media users 2020-2022, Canada market share of leading social media websites 2022, Canada mobile social media visit share 2022, Leading iPhone social media apps in Canada 2022, by downloads, Leading Android social media apps in Canada 2022, by downloads, Canada: preferred social networks Q3 2021, Social media usage by platform type in Canada 2022, Social network usage by brand in Canada 2022, Social network usage by frequency in Canada 2022, Canada: time spent social media 2020-2022, Canada: distribution of social media audiences 2021, by age and gender, Leading social networks used for news in Canada 2019-2022, Canada: Meta audiences in 2022, by age and gender, Canada: number of Facebook users 2018-2027, Canada: Facebook usage penetration 2018-2027, Canada: Facebook pages user engagement rate 2021, by type of post, Canada: Facebook Messenger users 2022, by age group, Canada: Facebook Messenger users 2022, by gender, Canada: distribution of TikTok audiences 2022, by age group, Canada: distribution of TikTok audiences 2022, by gender, Twitter: distribution of Canadian audiences 2021, by gender, Most popular Twitter profiles from Canada 2021, by audience, Most popular brands on Twitter in Canada 2021, by audience, Snapchat: distribution of Canadian audiences 2022, by gender, Canada: Instagram users 2022, by age group, Digital advertising spending in North America 2022, by country, Digital Market Outlook: social media ad spend in Canada 2017-2026, by device, Expected Facebook influencers earnings in Canada, the UK & the U.S. 2021, Most popular brands on Facebook in Canada 2021, by audience, Canada: views on selected social media platforms 2021, Canada: opinions on governmental supervision of Meta Platforms 2021, Canada: belief in Facebook whistleblower claims 2021, by age group, Canada and the U.S. belief in Facebook whistleblower claims 2021, Canada: Facebook impact on quality of life 2021, Canada: social media regulation of hate speech 2021, Canada: impact of social media on debate and opinions exchange 2021, Social media marketing spending in the U.S. 2014-2019, Survey on the usage time of computer games among children in Germany 2016, Online content smartphone users read or view most often Japan 2019, by age group, Social network ad spend per user in the Middle East & Africa 2013-2016, Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan), Find your information in our database containing over 20,000 reports. Tencent News and Tencent Video, see Part 1) have declined due to delays in content launches and the changing regulatory environment. . Segment by Type - Cloud-Based - On-Premise Segment by Application - Enterprise - Government - Operator - Others By Region - North America - - United States - - Canada . With inflation soaring, consumers became more frugal with their spending. #1: The Weixin/WeChat Market Is Saturated, While QQ is Declining in Popularity. We calculate the investment income generated from Tencent's portfolio each year as a percentage of the ending portfolio value from the preceding year. Please check your download folder. In 2013, Tencent launched Tencent Cloud. As soon as this statistic is updated, you will immediately be notified via e-mail. 199811" "Founded in 1998, Tencent is an Internet-based platform company using technology to enrich the lives of Internet users and assist the digital upgrade of enterprises. 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. 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. Tencent Holdings Limited is an Internet service portal. . Its online games Honour of Kings, PUBG Mobile and Peacekeeper Elite. The mini-programs are only within WeChat. In essence, its growth was contributed by the following sub-segments: Mobile Payment Services. Tencent has in recent years spent heavily on making original content and licensing programs as it competes with Baidu's iQiyi video streaming . Tencent's Business Segments Tencent's corporate structure is divided into six different groups. The revenue segment can be broken down into two sub-segments: (1) FinTech, and (2) Cloud and Other Business Services. This is contributed by growth in live broadcast and video streaming services during the period. [Online]. The year 2018 marked a change in its revenue structure. Hasbro's Wizards of the Coast & Digital Gaming Segment saw revenue increase 22% YOY in Q4 to $339 million. Get full access to all features within our Business Solutions. Licaitong. As a Premium user you get access to the detailed source references and background information about this statistic. In 2019, Tencent generated RMB15.5 billion in media advertising revenues, a 15.4% decline from RMB18.3 billion in 2018. In, Tencent. 16.5 million Class B ordinary shares of Huya Inc. for US$262.6 million, acquire 30 million Class B ordinary shares of Huya Inc. for US$ 810 million from JOYY. Use Ask Statista Research Service. 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. ) You need at least a Starter Account to use this feature. Tencent is a China-based technology company that is mainly focused on serving the Internet's various services and products. 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. We think this market is very close to saturated given China's total 1.4 billion population. 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. Alibaba Cloud Computing Revenue Growth Rate in . According to management, this distinction was implemented to "[reflect] the increasing scale of Tencent's international games business". 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, ). In 2021, Tencent generated revenues of approximately 291.6 billion yuan from the internet value-added services segment such as online games. Weixin). Statista. Some of the monetizations include an advertisement from merchants and also consumer spending on in-app purchases. Since then, it has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019. Note: slight discrepancies may exist between figures due to rounding. 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. Founded in 1998, Tencent connects over one billion users through its communications and social platforms, namely Weixin and QQ. As soon as this statistic is updated, you will immediately be notified via e-mail. In contrast, QQ's smart device MAU has been declining since 2018 from 699.8 million MAUs to 552.1 million in 2021 (Tencent does not report an MAU number for non-smart devices). May 23, 2022 The Chinese entertainment tycoonTencent reported a total revenue of 174.3 billion yuan from online games in 2021. Lau added Tencent will add a new. Cite your source. Sales from mobile games grew 13%. * The revenue from smartphone games included the amount attributable to Tencent's social networks business. Its online games Honour of Kings, PUBG Mobile, and. Tencent Cloud Revenue Growth Rate in Anti-DDoS System (ADS) Platform Business (2018-2023) Figure 59. 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. Register in seconds and access exclusive features. The first version only allows users to send texts and photos, not SMS. A huge part of this monetization is through WeChat mini-programs. This is a win-win situation. In contrast, Media Advertising accounted for only 2.4% of total revenue and 15% of online advertising revenue. "Revenue Distribution of Tencent Holdings from 2015 to 2021, by Segment. As a Premium user you get access to background information and details about the release of this statistic. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. 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. As soon as this statistic is updated, you will immediately be notified via e-mail. Register in seconds and access exclusive features. To use individual functions (e.g., mark statistics as favourites, set There is also business functionality of QQ that is somewhat similar to Slack, Google Meet, Facebook Business. reported fourth-quarter FY21 revenue growth of 9% year-on-year to $5.19 billion, beating the consensus of $5.09 billion. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. We think this market is very close to saturated given China's total 1.4 billion population. 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). Use tab to navigate through the menu items. Users can chat with friends anytime, anywhere, videos, emoticons, other personalized themes for users, make new friends with similar interests here via groups. The index is also a selection of the 'best' companies. barry edison sloane net worth, beaufort county building permit search, More about how Statista can support your Business social platforms, namely Weixin QQ. 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