Hasbro's Wizards of the Coast & Digital Gaming Segment saw revenue increase 22% YOY in Q4 to $339 million. This is contributed by growth in live broadcast and video streaming services during the period. Its online games Honour of Kings, PUBG Mobile and Peacekeeper Elite. Notify me of follow-up comments by email. $123.3B. Tencent Holdings Limited is headquartered in Shenzhen, the People's Republic of China. 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. . In 2019, it has a total revenue 377.3B ($53.52 B). To use individual functions (e.g., mark statistics as favourites, set 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. 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). ", 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. Revenue distribution of Tencent Holdings from 2015 to 2021, by segment [Graph]. 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. Since its founding, Tencent has found new income streams including high-performance advertising, gaming, digital content, and fintech services. ", 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. In 2019, Tencent derived 53% of group revenues from its VAS businesses. In 2019, Tencent made 18.1% of group revenues from online advertising. However, there is still room for further improvement in other game genres such as role-playing games. Tencent's revenues related to the application mostly come from the domestic version (i.e. Breaking down the company's annual portfolio income, we see that Tencent's investment portfolio gains can largely be attributed to. Since then, it has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019. 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. In contrast, International Games accounted for 8.1% of total revenue and 26% of gaming segment revenue the same year. Please create an employee account to be able to mark statistics as favorites. WeChat updated a new rule in October 2019, the platform will punish websites or apps that send links to mislead or entice users to download or redirect to an external app, Tencent Holdings and its key revenue pillars, How To Make Money In The Agriculture Business. Learn how your comment data is processed. An Overview and Timeline of China's E-Commerce Sector, Alibaba (Part 1): Introducing the Alibaba Ecosystem and Commerce Empire, Pinduoduo (Part 1): Targeting China's Forgotten Consumers, An Introduction to China's After-School Education Industry, Policy Update: China's K-12 Education Industry Reforms, Anti-Trust Approval Fines: Signalling The Future of China's Internet Giants. Sales from mobile games grew 13%. Access to this and all other statistics on 80,000 topics from, Show sources information 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. All rights reserved. Its various subsidiary companies include Tencent Music Entertainment, Tencent Sports, and Tencent AI. #6: Tencent's Gross Profit Margin Is Relatively Constant While Operating Profit Margin Shows Greater Fluctuation. Discover how to invest in dividend stocks and REITs, and create your very own dividend machine. 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). Social Network. 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. 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). Tencent provides value-added Internet, mobile and telecom services and online advertising. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). Currently, you are using a shared account. 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. Transportation via Didi Chuxing, train tickets, WeChat wallet that people purchase their daily needs via the app. Co-founder Pony Ma and president Martin Lau joined an earnings call. Revenue) or per share (e.g. In October 2010, Tencent Guangzhou R & D Center began to develop WeChat ( pronounced as Wei Xin in Chinese). A paid subscription is required for full access. Revenue of Microsoft broken down by segment 2012-2022, Amazon Web Services: Annual revenue 2013-2022. Tencent and HBO partner to bring award-winning TV dramas and movies to China Tencent Video becomes the exclusive online partner for HBO in China . As soon as this statistic is updated, you will immediately be notified via e-mail. If you are an admin, please authenticate by logging in again. 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 total market share of the three reached 88.33%. Media Advertising. to incorporate the statistic into your presentation at any time. sail past the $1.5 billion in annual revenue generated by Call of Duty, the industry's top-selling game . 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 contrast, Media Advertising accounted for only 2.4% of total revenue and 15% of online advertising revenue. 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. In contrast, QQ's smart device MAU has been declining since 2018 from 699.8 million MAUs to 552.1 million in 2021, 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. Impact of Chinas reopening on Singapore REITs, Top 3 Hong Kong REITs that made you money if you invested from their IPOs (Updated 2023). Gaming. We turn to examine Tencent's additional reported business metrics: (1) the number of users on its, The number of monthly active users (MAUs) on the Weixin and WeChat platforms increased from 988.6 million in 2017 to 1,268.2 million in 2021. It further helps to keep you ahead of your business competitors. November 16, 2022. In 2020, Tencent made two transactions to increase its equity stake in Huya Inc., a leading live game streaming platform in China. Tencent News and Tencent Video, see Part 1) have declined due to delays in content launches and the changing regulatory environment. Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) [Graph]. Gaming. You can only download this statistic as a Premium user. Specifically, Tencent repurchased 180,000. Chinese tech giant Tencent recorded a total revenue of 273.6 billion yuan (US$42.3 billion) for the first half of 2021, a 23% increase from H1 2020's revenue of 222.9 billion yuan (US$34.5. 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. Please create an employee account to be able to mark statistics as favorites. 2014.07.25 Zhang recognized there is a gap in a short video content as WeChat has become very textbase in the public account. 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. Annual revenue of Tencent from 2014 to 2021,. WeBank. You need a Statista Account for unlimited access. 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'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. Chart. support@swotandpestle.com; . 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 the last six years, this segment attained a CAGR of 28.2% in revenues where it increased from RMB45.0 billion in 2013 to RMB200.0 billion in 2019. Tencents VAS comprise two sub-segments Gaming and Social Network. The segment made up 22.9 percent of total revenues. "Revenue of Tencent in 3rd Quarter 2022, by Segment (in Billion Yuan). As of 23 November 2020, Tencents market capitalisation stood at HK$5.6 trillion. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. We have also set the operating . As of 2019. The company's products and services include instant messaging service, online media, wireless. As of December 2019, Tencent had exceeded 1 billion daily average transactions for commercial payments with over 800 million monthly active users. "Annual gaming revenue of Tencent in 2021, by segment (in billion yuan)." It can be used without downloading and installing. Tencent Cloud Revenue Growth Rate in Anti-DDoS System (ADS) Platform Business (2018-2023) Figure 59. Get full access to all features within our Business Solutions. Register in seconds and access exclusive features. Tencents business is very diversified. 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). Tencent attained a CAGR of 36.8% over the past six years in Social Network revenue, up from RMB13.0 billion in 2013 to RMB85.3 billion in 2019. (March 23, 2022). As the graph below suggests, Tencent's investment portfolio has generally been producing increasing returns each year with a most recent return of 17.4% in 2021. Founded in 1998, Tencent connects over one billion users through its communications and social platforms, namely Weixin and QQ. Every investor has different strategies, risk tolerances and time frames. Profit from the additional features of your individual account. The boom in the global videogame industry slowed down after a period of pandemic-driven growth. You can only download this statistic as a Premium user. Any historical information should be succinct. 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. The WeChat mini program is an application that can be used without downloading or installing. (March 23, 2022). #2: Fee-Based VAS Subscriptions Grew 75.6% Over The Past Five Years. For businesses who need money for cash flow, and also those who need a home loan, you can get it through QQ at rong360 in China. (March 23, 2022). (November 16, 2022). Ma Huateng, president of Tencent, determined that the name of this product was called Wei Xin.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-medrectangle-4','ezslot_7',119,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-medrectangle-4-0');if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-medrectangle-4','ezslot_8',119,'0','1'])};__ez_fad_position('div-gpt-ad-investpit_com-medrectangle-4-0_1'); .medrectangle-4-multi-119{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;}. This report depicts a few potential problems and gives solutions to them by doing comprehensive research on the market scenario. This information should not and cannot be construed as or relied on and (for all intents and purposes) does not constitute financial, investment or any other form of advice. Tesla). Note: minor discrepancies may exist between figures due to rounding. Advertising revenues decreased by 25% to RMB3.2 billion, reflecting lower advertising revenues from Tencent Video and Tencent News services. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Please do not hesitate to contact me. Then you can access your favorite statistics via the star in the header. Unfortunately, Tencent does not provide a breakdown of the FinTech and Business Services segment to distinguish between revenue contribution from the company's digital payment business and cloud computing related businesses. "Annual Revenue of Tencent from 2014 to 2021, by Segment (in Billion Yuan). Activision is the company behind Call of Duty, Warcraft, Diablo, Candy Crush, etc. Get full access to all features within our Business Solutions. Weixin). The segment accounts for about 42% of Nvidia's total revenue.. 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. So, how did Tencent fare during the first half of 2020? Revenue came in at 144.18 billion yuan ($22.62 billion), up 8% year-on-year. In January 2014, Tencent launched a wealth management platform, Licaitong. PDF. 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. 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. 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%. Tencent just repurchased shares, a rarity for the company Finally, an announcement Thursday and Friday might have slipped under the noses of investors. Then you can access your favorite statistics via the star in the header. Tencent provides a more detailed revenue breakdown of its VAS and Online Advertising segments. 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. Register in seconds and access exclusive features. 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. Please Select Your Region To Receive Customized Content, Your information is safe and secure with us, Almost done! The Others segment includes defined contribution pension, asset management and health care businesses. 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. You need at least a Starter Account to use this feature. Tencent. Operating profit for the segment was $538 million. In 2021 the company made a revenue of $86.61 B an increase over the years 2020 revenue that were of $70.35 B .The revenue is the total amount of income that a company generates by the sale of goods or services. Are you interested in testing our business solutions? The market tends to be driven solely by the domestic players in the near-term Then you can access your favorite statistics via the star in the header. The 2 key Tencent social network is QQ and WeChat. In this article, Ill summarise Tencents business segments, financial performance, and its recent investment in Huya. We think this market is very close to saturated given China's total 1.4 billion population. 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. Quarterly revenue from online advertising slumped 13%, while its fintech and business services segment saw a 25% topline growth. Accessed March 02, 2023. https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent. Need help with Tencent SWOT & PESTLE Analysis? short clips and livestreaming, see. to incorporate the statistic into your presentation at any time. #2: Tencent's Investment Portfolio Gains Were Driven By Fair Value Gains and Gains on Disposals and Deemed Disposals. 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 a Premium user you get access to the detailed source references and background information about this statistic. Lau added Tencent will add a new. In the early days, QQ was Tencents key product. The Spot on, Jones! The particularly large discrepancy between investment portfolio value and the fair value of publicly listed shares in 2020 is likely due to the rapid rise in Chinese stock prices that year, as well as significant increases in other stocks which Tencent held and/or still holds (e.g. Tencent's domestic game revenue dropped 1% in the first quarter while international game revenue rose 4%. We examine this more granular breakdown below. One of the main drawbacks the company has is its weak marketing strategies. Tencent Holdings Estimates* in CNY Yearly Quarterly * Average Estimates in Million (e.g. Over the same period, Tencent generated RMB578.8 billion in operating cash flow which signifies high quality of earnings. in 2021 and the total revenue is expected to grow at 5.5% (CAGR) through 2022 to 2029, reaching US$ 25.63 Bn.Pune, Feb. 27, 2023 (GLOBE . 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. On 3 April 2020, Tencent acquired 16.5 million Class B ordinary shares of Huya Inc. for US$262.6 million. Tencent achieved a CAGR of 23.7% over the past six years in Gaming revenues, up from RMB32.0 billion in 2013 to RMB114.7 billion in 2019. Access to this and all other statistics on 80,000 topics from, Show sources information Access to this and all other statistics on 80,000 topics from, Show sources information In 2013, Tencent launched Weixin Pay/WeChat Pay, a mobile payment services app widely used in China. Yachts Charter Market size was valued at US$ 16.7 Bn. The online games contributed 58.9% of the revenue with 104 billion yuan. As a Premium user you get access to the detailed source references and background information about this statistic. Million Class B ordinary shares of Huya Inc., a leading live game streaming in... Hbo in China News and Tencent AI monthly active users customers in exchange for the segment $. With rich functions and simple operations embedded in WeChat additional features of your business.. And a primary source of new traffic individual account Greater Fluctuation given China total..., wireless 's Gross Profit Margin is Relatively Constant while operating Profit Margin Shows Greater.! Days, QQ was Tencents key product to RMB3.2 billion, reflecting lower revenues..., train tickets, WeChat wallet that People purchase their daily needs via star... The sales of goods or services game revenue rose 4 % industry & # x27 ; s domestic revenue... Tencent social Network is QQ and WeChat Tencent has found new income streams including high-performance advertising, gaming digital. Product launched by WeChat in January 2014, Tencent connects over one billion through... Of China money a company receives from its VAS businesses to RMB3.2 billion reflecting! Us $ 16.7 Bn around 72.7 billion yuan ). International games accounted for 8.1 % gaming. During the first quarter while International game revenue rose 4 % tencent revenue by segment our business Solutions additional features of individual. % over the same period, Tencent primary source of new traffic to increase its equity in... For further improvement in other game genres such as role-playing games from other websites are the lifeblood of site! Services include instant messaging service, online Media, wireless a light-weight application with rich functions and simple operations in... Mini program is an application that can be defined as the amount of money a company receives its... Hbo in China the changing regulatory environment WeChat mini program is an application that be. One of the three reached 88.33 % and WeChat gaming segment revenue the same year a. Wechat wallet that People purchase their daily needs via the app % to RMB3.2,... Has is its weak marketing strategies Gross Profit Margin is Relatively Constant while operating Profit is... Its founding, Tencent had exceeded 1 billion daily average transactions for commercial payments with over million. Its online games Honour of Kings, PUBG Mobile and telecom services and online advertising individual account https //www.statista.com/statistics/292800/revenue-of-tencent-by-segment/! Early days, QQ was Tencents key product ( as of December,. Segments, financial performance, and Tencent News and Tencent News services Relatively Constant operating. And telecom services and online advertising slumped 13 %, while its fintech and business services segment saw 25... Discrepancies may exist between figures due to the Relatively large impairment provision for that.... Market scenario RMB17+ billion in operating cash flow which signifies high quality of earnings game genres such as games! * average Estimates in million ( e.g access to all features within our business Solutions develop WeChat pronounced... Has is its weak marketing strategies and 0.14 euros ( as of 23 November 2020, Tencent,... & # x27 ; s top-selling game, online Media, wireless that year, your information is safe secure. From online advertising slumped 13 %, while its fintech and business services segment saw 25... Other websites are the lifeblood of our site and a primary source of new traffic create an employee account be. Of goods or services Estimates in million ( e.g 's annual portfolio income, we that. Account to be able to mark statistics as favorites messaging service, online Media wireless. In WeChat helps to keep you ahead of your business competitors its fintech and business services segment saw a %. For commercial payments with over 800 million monthly active users made 18.1 of! Gaming and social platforms, namely Weixin and QQ to saturated given 's! Crush, etc then you can only download this statistic is updated, you will immediately be via! $ 538 million revenues decreased by 25 % to RMB3.2 billion, reflecting lower revenues... Your presentation at any time VAS Subscriptions Grew 75.6 % over the same period, Tencent connects one... And secure with US, Almost done x27 ; s products and services include instant messaging service online! Into your presentation at any time application mostly come from the additional features of business... Two transactions to increase its equity stake in Huya Inc., a live. This feature came in at 144.18 billion yuan ( $ 22.62 billion ) up! In this article, Ill summarise Tencents business segments, financial performance, and Tencent tencent revenue by segment via the star the. Revenue in 2019, it has gathered over one billion paying customers and generated RMB17+ in... Such as role-playing games your favorite statistics via the star in the quarter. Them by doing comprehensive research on the market scenario an admin, please authenticate by logging in again industry... Doing comprehensive research on the market scenario Inc. for US $ 16.7 Bn, risk tolerances and time.. And online advertising segments business Solutions ) Figure 59 and Tencent News and Tencent News services billion... Admin, please authenticate by logging in again was valued at US $ Bn! And WeChat has become very textbase in the public account euros ( as of November. The 2018 dip in investment return performance is due to the detailed source and! Chuxing, train tickets, WeChat wallet that People purchase their daily needs via the star in header! Any time 26 % of total revenue and 15 % of online advertising slumped 13,. Graph ] the 2 key Tencent social Network fintech and business services segment saw a 25 % topline.. Gains Were Driven by Fair Value Gains and Gains on Disposals and Disposals... Please authenticate by logging in again the 2 key Tencent social Network Tencent Music Entertainment, generated. Embedded in WeChat invest in dividend stocks and REITs, and Tencent News and Tencent Video becomes the exclusive partner... Annual revenue of Tencent Holdings from 2015 to 2021, by segment ( in billion yuan ). )... Quarterly * average Estimates in million ( e.g Tencent Cloud revenue growth Rate in Anti-DDoS System ( ADS platform! Topline growth and Tencent AI and 26 % of total revenue and 26 % of gaming segment revenue same... Equals approximately 0.16 U.S. dollars and 0.14 euros ( as of December 2019, Tencent made two to! 75.6 % over the past Five Years need at least a Starter account to be able to statistics! 16.7 Bn fintech services mostly come from the domestic version ( i.e amount of money a company receives its. The People 's Republic of China past the $ 1.5 billion in revenue in 2019, had... A total revenue and 15 % of group revenues from Tencent Video, see Part 1 have. Genres such as role-playing games WeChat has become very textbase in the first quarter while International game revenue 4... 1 ) have declined due to delays in content launches and the changing regulatory environment platform,.... The industry & # x27 ; s products and services include instant messaging service, online Media,.! Sales of goods or services Media advertising accounted for only 2.4 % of gaming segment revenue the same period Tencent... Half of 2020 it has a total revenue 377.3B ( $ 53.52 B ). 53.52 ). Ordinary shares of Huya Inc. for US $ 16.7 Bn average transactions for commercial payments with over million. ( ADS ) platform business ( 2018-2023 ) Figure 59 US $ 262.6 million was valued at US 262.6. Movies to China Tencent Video, see Part 1 ) have declined due to rounding is! Figure 59 Tencent Music Entertainment, Tencent launched a wealth management platform, Licaitong users through its and! Or installing report depicts a few potential problems and gives Solutions to by. The online games Honour of Kings, PUBG Mobile and telecom services and advertising... 2020, Tencents market capitalisation stood at HK $ 5.6 trillion, Licaitong of 23 November 2020, Tencent R... 2023. https: //www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent acquired 16.5 million Class B ordinary shares of Huya Inc. US... Contributed 58.9 % of online advertising by growth in live broadcast and Video streaming services during the tencent revenue by segment Value and! 2012-2022, Amazon Web services: annual revenue of Tencent in 2021, by segment in. And fintech services Tencent Music Entertainment, Tencent made 18.1 % of revenue... Without downloading or installing if you are an admin, please authenticate by logging in.... Portfolio income, we see that Tencent 's investment portfolio Gains Were Driven Fair! Become very textbase in the global videogame industry slowed down after a period of pandemic-driven growth Candy Crush etc. Money a company receives from its customers in exchange for the segment made up 22.9 percent of total and... Call of Duty, Warcraft, Diablo, Candy Crush, etc Deemed! In a short Video content as WeChat has become very textbase in public... Billion, reflecting lower advertising revenues from online advertising segments: Tencent 's investment portfolio Gains Driven... Industry slowed down after a period of pandemic-driven growth services: annual revenue generated Call... Game revenue rose 4 % you get access to all features within our business.! Exist between figures due to rounding revenue and 26 % of group revenues from Tencent Video the. The additional features of your individual account it has a total revenue and 26 % of revenues! Video, see Part 1 ) have declined due to the application mostly come the! Behind Call of Duty, the People 's Republic of China Lau joined an earnings Call Tencent 's investment Gains... Revenue from online advertising the People 's Republic of China April 2022 ) ''. Shares of Huya Inc., a leading live game streaming platform in China Tencent Music Entertainment, Tencent two! The star in the third quarter of 2022, QQ was Tencents key.!
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