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. 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. Revenue from this segment grew 1% year-on-year to 42.2 billion yuan, a slowing from the quarter before. Show publisher information 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. 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. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. 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). 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. In 2021, Tencent recorded total revenue of RMB560.1 billion and operating income of RMB271.6 billion . Tencents business model: How Tencent makes money. As soon as this statistic is updated, you will immediately be notified via e-mail. Over the same period, Tencent generated RMB578.8 billion in operating cash flow which signifies high quality of earnings. ), and (3) increased revenue sharing and content costs. 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. sail past the $1.5 billion in annual revenue generated by Call of Duty, the industry's top-selling game . "Annual Revenue of Tencent from 2014 to 2021, by Segment (in Billion Yuan). With inflation soaring, consumers became more frugal with their spending. Comparing the five REIT ETFs listed in Singapore: Which should you pick? The FinTech and business services segment refers to revenue generated from Tencent's financial technology (FinTech) business, cloud computing initiatives, and other business services. 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 Revenue) or per share (e.g. In its social networks segment, Tencent generated revenues of 26.7B ($3.85B), representing an increase of 29% YoY. It was supported by higher revenue earned from Weixin Moments, Mini Programs, and its mobile advertising networks. PDF. In 2013, Tencent launched Weixin Pay/WeChat Pay, a mobile payment services app widely used in China. You need a Statista Account for unlimited access. 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). Tencent just repurchased shares, a rarity for the company Finally, an announcement Thursday and Friday might have slipped under the noses of investors. As mentioned in Part 1, the VAS segment is broken down into: (1) domestic games, (2) international games, (3) communication and social, and (4) digital content, while the Online Advertising segment comprises of the two sub-segments: (1) social and other advertising, and (2) media advertising. As soon as this statistic is updated, you will immediately be notified via e-mail. In, Tencent. "FinTech Services revenue growth was slower relative to prior quarters as COVID-19. #3: Domestic Games Contributed To Nearly A Quarter Of Tencent's Total Revenues, In Contrast To 8.1% For International Games. Revenues have increased from RMB622 million in 2013 to RMB108.9 billion in 2019. Tencent achieved a 10-year CAGR of 40.7% and 33.6% in its group revenues and shareholders earnings respectively. Statista. 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. March 23, 2022. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Overview 1) Briefly introduce your company and what it does. Sales from mobile games grew 13%. Please create an employee account to be able to mark statistics as favorites. In January 2014, Tencent launched a wealth management platform, Licaitong. Do GDP and stock index ETFs actually grow in tandem? This statistic is not included in your account. Nvidia Corporation is an American multinational technology company. *not all forms of online education are banned from advertising (e.g. Revenue climbed 20% to 138.3 billion yuan, in line with expectations. 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. The biggest videogame developer in China also faced . Tencent made over $56 billion in revenue in 2019, alone. Since then, it has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019. In contrast, International Games accounted for 8.1% of total revenue and 26% of gaming segment revenue the same year. Tencent Revenue : Yuan 482.06 billion - FY ending Dec 2020 (y-o-y growth 27.8%) Yuan 377.28 billion - FY ending Dec 2019 (y-o-y growth 21.2%) Competitive Analysis . Lastly, we examine Tencent's investment portfolio. Accessed March 02, 2023. https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent. 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. 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). 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. Access to this and all other statistics on 80,000 topics from, Show sources information One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). The market tends to be driven solely by the domestic players in the near-term Its online games Honour of Kings, PUBG Mobile, and. Tencent reported 21.8 billion yuan in revenue for ads, up 23 per cent for the quarter, driven by social ads on WeChat's Moments, a feature similar to Facebook's News Feed. 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). This is contributed by growth in live broadcast and video streaming services during the period. #2: Fee-Based VAS Subscriptions Grew 75.6% Over The Past Five Years. WeChat revenue model is to establish WeChat as the platform to bring merchants and consumers together to facilitate various transactions and extract service fees. Tencent Games is one of Tencents four revenue pillars, they are the worlds biggest game company by revenue. Show publisher information Social Network. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. Currently, you are using a shared account. 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 here). The 2 key Tencent social network is QQ and WeChat. Push to send voice messaging ease of use led to an increased download. Of the 236 million paid subscriptions in 2021, 124 million were Tencent Video subscriptions, 76 million were Tencent Music subscriptions, while the remaining 36 million were subscriptions across Tencent's various other media platforms (see Part 1). 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. Quarterly revenue from online advertising slumped 13%, while its fintech and business services segment saw a 25% topline growth. 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. In 2019, Tencent derived 53% of group revenues from its VAS businesses. statistic alerts) please log in with your personal account. As a Premium user you get access to the detailed source references and background information about this statistic. 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. * The revenue from smartphone games included the amount attributable to Tencent's social networks business. Accessed March 02, 2023. https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Tencent. Advertising revenues decreased by 25% to RMB3.2 billion, reflecting lower advertising revenues from Tencent Video and Tencent News services. 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. 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 results come amid investor concerns that Tencent will continued to be ensnared in an . This product launched by WeChat in January 2017 and the mini-program is a light-weight application with rich functions and simple operations embedded in WeChat. The total transaction size of the integrated payment business of Chinese non-financial payment institutions in the fourth quarter of 2019 reached 66461.33 trillion yuan, an increase of 5.74% month-on-month. Tencent is a China-based technology company that is mainly focused on serving the Internet's various services and products. You need at least a Starter Account to use this feature. In 2019, Tencent made 18.1% of group revenues from online advertising. We think this market is very close to saturated given China's total 1.4 billion population. Learn more about how Statista can support your business. Then you can access your favorite statistics via the star in the header. interchangeably. You need at least a Starter Account to use this feature. #1: Tencent's Revenues Grew At A CAGR of 18.7% During 2017-2021, Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. Segments: Baidu Core . Most of the mini-program are targeted at China consumers right now.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-box-4','ezslot_0',120,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-box-4-0');if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-box-4','ezslot_1',120,'0','1'])};__ez_fad_position('div-gpt-ad-investpit_com-box-4-0_1'); .box-4-multi-120{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;}, Marketers can take this opportunity to tap on the Chinese market and create their business account in the WeChat ecosystem. Learn more about how Statista can support your business. Operating profit for the segment was $538 million. ", Tencent, Revenue distribution of Tencent Holdings from 2015 to 2021, by segment Statista, https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/ (last visited March 02, 2023), Revenue distribution of Tencent Holdings from 2015 to 2021, by segment [Graph], Tencent, March 23, 2022. Please create an employee account to be able to mark statistics as favorites. Tencents business is very diversified. In the fourth quarter of 2019, overseas gaming revenue has more than doubled year-on-year and accounted for 23% of online game revenue. Currently, you are using a shared account. This business is the key contributor of growth to its online advertising revenues as it achieved a CAGR of 57.1% over the past four years in revenues from RMB8.7 billion in 2015 to RMB52.9 billion in 2019. Profit from the additional features of your individual account. 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. 3 Please refer to the official announcement for details. In 2019, Tencent generated RMB15.5 billion in media advertising revenues, a 15.4% decline from RMB18.3 billion in 2018. Each voice message cannot exceed 60 seconds. Are you interested in testing our business solutions? You need a Statista Account for unlimited access. The ideal entry-level account for individual users. You need a Statista Account for unlimited access. Alibaba Cloud Computing Revenue Growth Rate in . Learn more about how Statista can support your business. Please Select Your Region To Receive Customized Content, Your information is safe and secure with us, Almost done! In China, there is a saying: WeChat is like their wallet and Alipay is our bank account. Any historical information should be succinct. Baidu Inc. BIDU. The boom in the global videogame industry slowed down after a period of pandemic-driven growth. Segment by Type - Cloud-Based - On-Premise Segment by Application - Enterprise - Government - Operator - Others By Region - North America - - United States - - Canada . Need help with Tencent SWOT & PESTLE Analysis? Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) [Graph]. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Tencent News and Tencent Video, see Part 1) have declined due to delays in content launches and the changing regulatory environment. I help EdTech, FinTech and Technology companies break through growth stagnation by creating AI-first, data driven products, market expansion, and global strategic partnerships. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Currently, you are using a shared account. 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. 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). In, Tencent. Then you can access your favorite statistics via the star in the header. Tencent Holdings is a Chinese technology conglomerate holding company that was founded in November 1998. Business Solutions including all features. Note: minor discrepancies may exist between figures due to rounding. Tencent Grows Online Gaming Revenues By 45% Year-Over-Year The annual growth in online gaming revenues marks the third consecutive quarter for this year in which the segment has. 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. "Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan)." 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. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. 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. 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To saturated given China 's total revenues, in line with expectations environment. Content costs in China Nearly a quarter of 2019, Tencent generated RMB578.8 billion in in! Cash flow which signifies high quality of earnings will continued to be in... Slower relative to prior quarters as COVID-19 1 million facts: get quick analyses with our professional research service amp! Actually grow in tandem in line with expectations concerns that Tencent will to!
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