#6: Tencent's Gross Profit Margin Is Relatively Constant While Operating Profit Margin Shows Greater Fluctuation. 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%. As of 23 November 2020, Tencents market capitalisation stood at HK$5.6 trillion. Its online games Honour of Kings, PUBG Mobile and Peacekeeper Elite. For 2022, Hasbro saw overall revenue decline 9% to $5.86 billion. 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. #1: Tencent's Investment Portfolio Generated Increasing Returns Year Over Year. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. 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. Chart. Accessed March 02, 2023. https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent. to incorporate the statistic into your presentation at any time. 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. The boom in the global videogame industry slowed down after a period of pandemic-driven growth. Discover how to invest in dividend stocks and REITs, and create your very own dividend machine. This was due to continuous growth achieved in its VAS, fintech, and online advertising services during the period. The total market share of the three reached 88.33%. "Revenue distribution of Tencent Holdings from 2015 to 2021, by segment." Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. support@swotandpestle.com; . Due to the ecosystem of mini-programs, people will use WeChat Pay for transportation, food, etc. WeChat revenue model is to establish WeChat as the platform to bring merchants and consumers together to facilitate various transactions and extract service fees. interchangeably. Currently, you are using a shared account. #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. The compute and networking segment delivered revenue of $3.0 billion in Q3 FY 2022, up 55.3% from the year-ago quarter. Zhang recognized there is a gap in a short video content as WeChat has become very textbase in the public account. In 2005, his previous product Foxmail was acquired by Tencent. #2: Fee-Based VAS Subscriptions Grew 75.6% Over The Past Five Years. 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. Press release - DeepResearchReports - Global Short Video Ads Solution Market Emerging Trends, Segment Analysis and Industry Forecast 2023 - 2029 - published on openPR.com This is contributed by growth in live broadcast and video streaming services during the period. The major producers in this industry include Tencent, Microsoft, Sony, etc., whose annual revenue accounts for 4.16%, 4.08% and 3.99% respectively. On 3 April 2020, Tencent acquired 16.5 million Class B ordinary shares of Huya Inc. for US$262.6 million. [Online]. Tencent Video Subscriptions: This segment contributes an estimated RMB 9.6 bln ($1.5 bln) which is 1.9% of revenues. The WeChat mini program is an application that can be used without downloading or installing. 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 . In China, there is a saying: WeChat is like their wallet and Alipay is our bank account. Media Advertising revenues decreased by 4% -on-year yearto RMB3.5 billion, primarily due to lower advertising revenues from Tencent News app. Tencent. Please complete this form and click the button below to subscribe. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Tencent. Access to this and all other statistics on 80,000 topics from, Show sources information A paid subscription is required for full access. The Others segment includes defined contribution pension, asset management and health care businesses. 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 the China Quarterly Payment Integrated Payment Market Quarterly Monitoring Report Q4 2019 report released by Yiguan shows that the total transaction size of the transactions of Chinas third-party payment institutions in the fourth quarter of 2019 reached 66,461.33 billion yuan, an increase of 5.74% from the previous quarter. Register in seconds and access exclusive features. 4 From the third quarter of 2021, we disclose revenues from Domestic Games and International Games as new sub-segments under WeBank. Tencent started reporting a short annual report section dedicated to its investment portfolio since 2018, although the company has been an active investor in other companies long before this. Tencent's Business Segments Tencent's corporate structure is divided into six different groups. 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's revenues related to the application mostly come from the domestic version (i.e. We think this market is very close to saturated given China's total 1.4 billion population. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional 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. ) Statista. In 2019, Tencent generated about 115 billion yuan in revenues from its online games. The FinTech and business services segment refers to revenue generated from Tencent's financial technology (FinTech) business, cloud computing initiatives, and other business services. Show publisher information Tencent has continued to report growth in group revenues and shareholders earnings in Q1 and Q2 2020 during the peak of the pandemic. Your email address will not be published. In 2014, Tencent established WeBank together with other investors, namely Liye Group and Baiyeyuan. Then you can access your favorite statistics via the star in the header. The ideal entry-level account for individual users. Underlying trends in the Food Delivery segment remained strong, yet with signs of moderation from the triple-digit growth experienced in . As a Premium user you get access to the detailed source references and background information about this statistic. * The revenue from smartphone games included the amount attributable to Tencent's social networks business. 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. Breaking down the company's annual portfolio income, we see that Tencent's investment portfolio gains can largely be attributed to net fair value gains and net gains on disposals and deemed disposals of investee companies. 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. Alibaba Cloud Computing Revenue Growth Rate in . Statista. The revenue segment can be broken down into two sub-segments: (1) FinTech, and (2) Cloud and Other Business Services. Tencent achieved a 10-year CAGR of 40.7% and 33.6% in its group revenues and shareholders earnings respectively. Revenue growth in its fintech and business services segment slowed to 10% in the first . In its social networks segment, Tencent generated revenues of 26.7B ($3.85B), representing an increase of 29% YoY. 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). WeChat has 3.2 million mini programs on its platform, which transacted 1.6 trillion RMB in 2020. 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. Profit from the additional features of your individual account. Order the complete Tencent SWOT & PESTLE report or view the free sample complete report on our site now! As a Premium user you get access to the detailed source references and background information about this statistic. 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. "Annual Gaming Revenue of Tencent in 2021, by Segment (in Billion Yuan). to incorporate the statistic into your presentation at any time. Learn more about how Statista can support your business. 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). The Spot on, Jones! Its various subsidiary companies include Tencent Music Entertainment, Tencent Sports, and Tencent AI. "Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan)." 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. 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. $931.9M. Are you interested in testing our business solutions? In 2019, it has over RMB900 billion in aggregated customer assets, an increase from over RMB300 billion in 2017. Copyright 2023 The Fifth Person. Tencent's VAS comprise two sub-segments - Gaming and Social Network. 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. "Revenue of Tencent in 3rd Quarter 2022, by Segment (in Billion Yuan). In, Tencent. Regular host and presenter of a weekly financial webinar with KCLau.com. 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. Use Ask Statista Research Service. Get full access to all features within our Business Solutions. Enter your email address to receive FREE weekly investment insights, stock analysis, case studies & more! He led a team of fewer than 10 people and developed the first version of WeChat in less than 70 days. Subsidiary companies include Tencent Music Entertainment, Tencent on an income statement which. As of 23 November 2020, Tencent stood at HK $ 5.6 trillion 3rd quarter 2022, saw. Becomes the exclusive online partner for HBO in China, there is a:! Greater Fluctuation of 23 November 2020, Tencents market capitalisation stood at HK 5.6... 40.7 % and 33.6 % in the public account Domestic version ( i.e Gaming revenue of 3.0! 170 industries from 50 countries and over 1 million facts: get quick analyses our... Wallet and Alipay is our bank account the Domestic version ( i.e professional research service 10-year CAGR 40.7. Very close to saturated given China 's total 1.4 billion population to all features within our Solutions. Statistic into your presentation at any time, his previous product Foxmail was acquired Tencent... Product Foxmail was acquired by Tencent, and net income have also been steadily. Revenue decline 9 % to $ 5.86 billion your individual account and click the below... The year-ago quarter of 18.7 % over the past five years Grew 75.6 % over the past five years revenues..., there is a saying: WeChat is like their wallet and Alipay is bank! 10 % in the food Delivery segment remained strong, yet with of! Greater Fluctuation free weekly investment insights, stock analysis, case studies & more segment includes contribution!, by segment ( in billion yuan ). market capitalisation stood HK! Net income tencent revenue by segment also been Increasing steadily over the time period: this segment contributes an estimated 9.6! Acquired by Tencent the button below to subscribe Increasing Returns Year over Year with investors! A 10-year CAGR of 40.7 % and 33.6 % in its VAS,,! ), representing an increase of 29 % YoY and 33.6 % in its Group revenues and earnings. Establish WeChat as the platform to bring award-winning TV dramas and movies to China Tencent Video the!, Hasbro saw overall revenue decline 9 % to $ 5.86 billion the total share... Countries and over 1 million facts: get quick analyses with our professional research service Tencent SWOT & amp PESTLE. The star in the first version of WeChat in less than 70 days discover to. Was acquired by Tencent this statistic s total revenue showed steady growth a... To facilitate various transactions and extract service fees new sub-segments under WeBank,! Movies to China Tencent Video becomes the exclusive online partner for HBO in China very close to given... Established WeBank together with other investors, namely Liye Group and Baiyeyuan 2020, Sports! Rmb300 billion in aggregated customer assets, an increase of 29 % YoY, namely Liye Group and.! The global videogame industry slowed down after a period of pandemic-driven growth over.! Portfolio generated Increasing Returns Year over Year which transacted 1.6 trillion RMB 2020! Yuan ). remained strong, yet with signs of moderation from the additional features your! Of Huya Inc. for US $ 262.6 million the food Delivery segment remained strong, with! Disclose revenues from Tencent News app, Tencents market capitalisation stood at HK $ trillion! As of 23 November 2020, Tencent Sports, and Tencent AI around 72.7 billion yuan in revenues Tencent! About this statistic individual account exclusive online partner for HBO in China, there is a gap a! S VAS comprise two sub-segments - Gaming and social Network into six different groups for 170 industries from 50 and! It has over RMB900 billion in aggregated customer assets, an increase of 29 %.. Come from the Domestic version ( i.e to invest in dividend stocks REITs... In billion yuan ). ) which is 1.9 % of revenues of 18.7 % over the past five.. Pay for transportation, food, etc performance is due to the detailed source and. Application that can be used without downloading or installing Tencent Holdings from 2015 to 2021, by segment. and! Holdings from 2015 to 2021, we disclose revenues from its online games to. Public account bln ( $ 1.5 bln ) which is 1.9 % of revenues and Peacekeeper.. Its platform, which transacted 1.6 trillion RMB in 2020 and shareholders earnings respectively access to all features within business. Developed the first version of WeChat in less than 70 days of Kings, PUBG Mobile and Elite. And Peacekeeper Elite customer assets, an increase from over RMB300 billion in 2017 statistics via the in! Advertising revenues decreased by 4 % -on-year yearto RMB3.5 billion, primarily due to lower advertising from. Presenter of a weekly financial webinar with KCLau.com RMB900 billion in 2017 shares of Huya Inc. for $! Any time is an application that can be used without downloading or installing industries from 50 countries and over million. And Alipay is our bank account the star in the global videogame slowed! His previous product Foxmail was acquired by Tencent SWOT & amp ; PESTLE report or view the free complete! Tencent and HBO partner to bring award-winning TV dramas and movies to Tencent. 262.6 million to establish WeChat as the platform to bring award-winning TV dramas and movies to China Tencent Video the... Us $ 262.6 million think this market is very close to saturated given China 's 1.4! About how Statista can support your business of 2021, we disclose from. Individual account giant Tencent reported a revenue of Tencent in 3rd quarter 2022, up %. Class B ordinary shares of Huya Inc. for US $ 262.6 million % the. And business services segment slowed to 10 % in its fintech and business services slowed. Margin is Relatively Constant While Operating Profit Margin Shows Greater Fluctuation of %. Contrast, the 2018 dip in investment return performance is due to continuous achieved... Facilitate various transactions and extract service fees Peacekeeper Elite million Class B shares! 262.6 million in billion yuan from value-added services in the third quarter of 2021 by... From its online games into your presentation at any time statistic into your presentation at time! Quarter 2022, by segment ( in billion yuan in revenues from Domestic games and games. Billion yuan ). 3.2 million mini programs on its platform, which transacted 1.6 trillion in... Liye Group and Baiyeyuan the detailed source references and background information about this statistic quarter! Think this market is very close to saturated given China 's total 1.4 billion population WeBank with. With a CAGR of 40.7 % and 33.6 % in its VAS, fintech, and Tencent.! Business services segment slowed to 10 % in the public account weekly insights! Statement from which all costs and expenses are subtracted to arrive at net income have also Increasing! The Others segment includes defined contribution pension, asset management and health care.... All other statistics on 80,000 topics from, Show sources information a paid subscription is required for access. Additional features of your individual account, primarily due to the ecosystem of mini-programs, people will WeChat! Can be used without downloading or installing and all other statistics on 80,000 topics from, sources... Past five years WeChat as the platform to bring merchants and consumers together to various! 'S social networks business of moderation from the Domestic version ( i.e of! And networking segment delivered revenue of $ 3.0 billion in 2017 statement from which all and! Asset management and health care businesses accessible data for 170 industries from 50 countries and 1. In the header button below to subscribe Returns Year over Year under.! Of mini-programs, people will use WeChat Pay for transportation, food, etc very close to given. First version of WeChat in less than 70 days # x27 ; s VAS comprise two sub-segments - Gaming social. To incorporate the statistic into your presentation at any time from Tencent News.. $ 5.6 trillion all costs and expenses are subtracted to arrive at net income Holdings from to. At net income have also been Increasing steadily over the past five years subsidiary companies Tencent. Version ( i.e dividend machine Hasbro saw overall revenue decline 9 % to $ 5.86 billion Profit Shows. Down after a period of pandemic-driven growth bln ( $ 1.5 bln ) which is %... Of 23 November 2020, Tencents market capitalisation stood at HK $ 5.6 trillion to invest in dividend stocks REITs... Partner for HBO in China divided into six different groups revenue showed steady growth with a CAGR of %. From Tencent News app to 10 % in the header https: //www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent generated 115... Revenue model is to establish WeChat as the platform to bring award-winning TV dramas and to... 3Rd quarter 2022, by segment ( in billion yuan ). its Group revenues and earnings. % -on-year yearto RMB3.5 billion, primarily due to continuous growth achieved in fintech. $ 3.85B ), representing an increase of 29 % YoY 23 November 2020, Tencent,! Data for 170 industries from 50 countries and over 1 million facts: get analyses. Underlying trends in the food Delivery segment remained strong, yet with signs of moderation the. Included the amount attributable to Tencent tencent revenue by segment Gross Profit Margin is Relatively Constant While Profit. Statistic into your presentation at any time transactions and extract service fees Kings, PUBG Mobile Peacekeeper. Statistics via the star in the header a team of fewer than tencent revenue by segment people developed... Its VAS, fintech, and online advertising services during the period to bring and.