Figure have been rounded. Are you interested in testing our business solutions? Push to send voice messaging ease of use led to an increased download. Tencent Video Subscriptions: This segment contributes an estimated RMB 9.6 bln ($1.5 bln) which is 1.9% of revenues. Management points out a general increasing trend in advertiser demand for the Weixin platform, while advertising revenue from Tencent's media platforms (e.g. The launch date is still unknown and it will take a while for merchants to adopt the new digital currency if launched. On 3 April 2020, Tencent acquired 16.5 million Class B ordinary shares of Huya Inc. for US$262.6 million. 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. If you are an admin, please authenticate by logging in again. Tencent's domestic game revenue dropped 1% in the first quarter while international game revenue rose 4%. In January 2014, Tencent launched a wealth management platform, Licaitong. Yachts Charter Market size was valued at US$ 16.7 Bn. Tencent has continued to report growth in group revenues and shareholders earnings in Q1 and Q2 2020 during the peak of the pandemic. Show publisher information In 2019, it has over RMB900 billion in aggregated customer assets, an increase from over RMB300 billion in 2017. Your email address will not be published. Transportation via Didi Chuxing, train tickets, WeChat wallet that people purchase their daily needs via the app. Learn more about how Statista can support your business. Tencent's first quarter revenue across all business segments fell by 0.12% from a year ago to 135.47 billion yuan also coming in below FactSet estimates for 140.82 billion yuan. This statistic is not included in your account. Regular host and presenter of a weekly financial webinar with KCLau.com. Revenue. Tesla). As a Premium user you get access to the detailed source references and background information about this statistic. Almost done! statistic alerts) please log in with your personal account. 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. $123.3B. Source: FactSet Tencent Holdings Dividend Calendar *Yield of. In, Tencent. Any historical information should be succinct. Its online games Honour of Kings, PUBG Mobile and Peacekeeper Elite. Since then, it has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019. 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. This is due to: Social and Other Advertising. It is social, free and popular on mobile -- the fastest growing segment of gaming. 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). Upon completion of this transaction, Tencent would increase its voting power to 70.4% and equity stake to 51.0% in Huya Inc. Tencent has delivered stellar growth in revenue and profit over the past 10 years. In China, there is a saying: WeChat is like their wallet and Alipay is our bank account. Revenue from this segment grew 1% year-on-year to 42.2 billion yuan, a slowing from the quarter before. In a WeChat Open Class in 2020, WeChat Founder Allen Zhang announced that WeChat will soon launch a feature called short video content. ), and (3) increased revenue sharing and content costs. 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). Chart. Operating profit for the segment was $538 million. Profit from the additional features of your individual account. The segment made up 22.9 percent of total revenues. QQ also started mobile payment with the launch of QQ wallet which facilitated mobile prepaid recharge and various online shopping and transactions. The Others segment includes defined contribution pension, asset management and health care businesses. Tencent. The Chinese tech giant Tencent continues to generate more revenue. 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). Baidu Inc. BIDU. Profit. The year 2018 marked a change in its revenue structure. Tencent's Business Segments Tencent's corporate structure is divided into six different groups. As stated in Tencent's 2020 official interim report, it makes revenue from its four major lines of business as enumerated below; Register in seconds and access exclusive features. 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. On January 22, the Tencent WeChat team announced that the WeChat video number officially opened for internal testing. 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. Gaming. Tencent's leading Internet platforms in China are QQ Instant Messenger, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai and Tenpay. reported fourth-quarter FY21 revenue growth of 9% year-on-year to $5.19 billion, beating the consensus of $5.09 billion. Its online games Honour of Kings, PUBG Mobile, and. Do GDP and stock index ETFs actually grow in tandem? At the current price of nearly HKD600, is Tencent still a good buy? Note: for the purposes of this article and series, we use the terms Weixin and WeChat interchangeably. So, how did Tencent fare during the first half of 2020? "Revenue of Tencent in 3rd Quarter 2022, by Segment (in Billion Yuan). 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. ) Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) [Graph]. short clips and livestreaming, see. (March 23, 2022). 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As soon as this statistic is updated, you will immediately be notified via e-mail. Dividend investor. You can only download this statistic as a Premium user. Tencent has also claimed five of the top ten most popular smartphone games in the world, this is counted by the daily active users on the game. My teams and I have . Due to the ecosystem of mini-programs, people will use WeChat Pay for transportation, food, etc. WeBank. 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 Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. 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. We discuss the impact of other regulatory changes further in Part 3 . As a Premium user you get access to the detailed source references and background information about this statistic. 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. 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