Indeed, we see that the fair value of Tencent's holdings in publicly listed companies was initially lower than the value of its investment portfolio until 2019, during which the two converged and the fair value of public holdings eventually exceeded Tencent's balance sheet portfolio amount in subsequent years. The segment made up 22.9 percent of total revenues. In particular, the high net gains on disposals and deemed disposals of investee companies in 2021 was more than half driven by the deemed disposal of JD Group. Tencent achieved a CAGR of 23.7% over the past six years in Gaming revenues, up from RMB32.0 billion in 2013 to RMB114.7 billion in 2019. 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. Its online games Honour of Kings, PUBG Mobile and Peacekeeper Elite. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. 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. You need at least a Starter Account to use this feature. 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. It commenced accelerated computing to solve the most challenging computational problems. 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. As stated in Tencent's 2020 official interim report, it makes revenue from its four major lines of business as enumerated below; It has brought together China's largest Internet community, to meet the various needs of Internet users including communication, information, entertainment, e-commerce and others. MB.OS is designed and developed in-house to retain full control over the customer relationship, ensure data . Register in seconds and access exclusive features. He led a team of fewer than 10 people and developed the first version of WeChat in less than 70 days. 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. Please do not hesitate to contact me. 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. In the early days, QQ was Tencents key product. We first start by looking at Tencent's general financial metrics and revenue breakdown. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. Get full access to all features within our Business Solutions. Revenue. Tencent achieved a 10-year CAGR of 40.7% and 33.6% in its group revenues and shareholders earnings respectively. "Annual Revenue of Tencent from 2014 to 2021, by Segment (in Billion Yuan). Almost done! Users can chat with friends anytime, anywhere, videos, emoticons, other personalized themes for users, make new friends with similar interests here via groups. Profit from the additional features of your individual account. Access to this and all other statistics on 80,000 topics from, Show sources information 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. ", 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. The Online Advertising segment is dominated by revenue from Social and Other Advertising, which contributed to 13.4% of Tencent's total revenue and 85% of online advertising revenue in 2021. PDF. 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 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). Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Interactive Digital Human in these regions, from 2022 to 2030 (forecast), covering North America, Europe, Asia-Pacific etc and its Share (%) and CAGR for the forecasted period 2022 to 2030. 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. "Revenue Distribution of Tencent Holdings from 2015 to 2021, by Segment. 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Co-founder Pony Ma and president Martin Lau It is social, free and popular on mobile -- the fastest growing segment of gaming. Please create an employee account to be able to mark statistics as favorites. As a Premium user you get access to background information and details about the release of this statistic. 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 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. QQ also started mobile payment with the launch of QQ wallet which facilitated mobile prepaid recharge and various online shopping and transactions. 3 Please refer to the official announcement for details. As a Premium user you get access to the detailed source references and background information about this statistic. You can only download this statistic as a Premium user. You only have access to basic statistics. The mini-programs are only within WeChat. 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. Are you interested in testing our business solutions? Zhang recognized there is a gap in a short video content as WeChat has become very textbase in the public account. 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. As a Premium user you get access to the detailed source references and background information about this statistic. (March 23, 2022). As a Premium user you get access to background information and details about the release of this statistic. Second, sales in 2019 was affected by the unpredictability in the broadcast schedules of its media platforms like Tencent video and Tencent news. Gaming. Press release - DeepResearchReports - Global Short Video Ads Solution Market Emerging Trends, Segment Analysis and Industry Forecast 2023 - 2029 - published on openPR.com The key to success on this front is a strong product portfolio that covers a broader customer base, according to Li. Show publisher information If you are an admin, please authenticate by logging in again. In 2020, Tencent made two transactions to increase its equity stake in Huya Inc., a leading live game streaming platform in China. We dont make any recommendations on whether a security is a buy (or sell) as every investor has different investment goals and risk profiles. WeBank is a privately-owned digital bank located in Shenzhen which offers retail and SME customers savings, loans, and investment services in China. (November 16, 2022). However, there is still room for further improvement in other game genres such as role-playing games. 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. In this article, we walk through Tencent's financial statistics and business metrics. 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 . Over the past 6 months, the stock has traded down approximately 30% from $100/share. The online games contributed 58.9% of the revenue with 104 billion yuan. [Online]. 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. "Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan)." Lau was referring to a segment that included Tencent's new cloud business, which posted its first annual revenue of 9.1 billion yuan ($1.36 billion). In 2018, the value-added sector of Tencent had a total revenue of 176.6 billion yuan with a 15% growth. "Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan)." By region, North America had the highest share . The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Available: https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Revenue distribution of Tencent Holdings from 2015 to 2021, by segment, Available to download in PNG, PDF, XLS format, IT data center systems total spending worldwide 2012-2023, Global cloud IT infrastructure spending 2013-2026, Global public IT cloud services revenue 2016-2021, by segment, Spending on cloud and data centers 2009-2021, by segment, Global hyperscale operators capex 2016-2021, by quarter, Vendor revenue from the public cloud services IaaS market worldwide 2015-2021, Global IaaS and PaaS hyperscaler revenue 2018-2021, by vendor, Global IaaS and PaaS hyperscaler market share 2020-2022, by vendor, Global hyperscaler cloud number of marketplace services 2021, by hyperscaler, Hyperscale cloud marketplace services used Europe and United States 2021, by category, China's cloud infrastructure service market Q4 2019-Q3 2022, by company, Global colocation data center market revenue 2021-2028, Global figure of hyperscale data centers 2015-2021, Share of hyperscale data center locations worldwide in Q3 2021, by IT load capacity, Global market share of colocation data center revenue worldwide 2021, by vendor, Tencent revenue distribution 2015-2021, by segment, Cloud usage by organizations worldwide 2019-2022, by vendor, Global adoption and repatriation of cloud vendors 2022, by vendor, Global current and future IaaS provider choice 2020-2022, by provider, Expected change in technology investments worldwide 2022, Importance of no cloud vendor lock-in worldwide 2019-2022, Tencent: profit before income tax 2008-2021, Digital content industry turnover in Spain 2010-2018, Annual advertising revenue of China's digital music market 2013-2023, Estimated annual value of Amazon Prime 2018, French Internet users' level of trust towards Internet services 2020, Number of Grindr DAU and MAU worldwide 2018, Share of major companies offering live chat in Finland 2013-2018, U.S. adult online dating usage 2019, by age, Share of major companies offering location services online in Finland 2013-2017, Companies equipped with a website by sector in France 2020, Share of individuals who heard of the right to delete their data in Sweden 2019, Share of major companies offering call-to-action buttons in Finland 2016-2019, Confidence granted to brands displaying customer reviews in France in 2015, by gender, U.S. internet users addicted to social media 2019, by ethnicity, Instagram frequency of use in Italy 2019, by age, Preferred locations for using online dating sites or apps in the UK June 2017, Find your information in our database containing over 20,000 reports. 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