Accessed March 02, 2023. https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Tencent. Tencent's revenues related to the application mostly come from the domestic version (i.e. ), and (3) increased revenue sharing and content costs. $931.9M. Over the past 6 months, the stock has traded down approximately 30% from $100/share. Tencent, which gets 32% of its revenue from video games, unveiled more than 60 new titles at its annual video gaming conference last week. You only have access to basic statistics. You need a Statista Account for unlimited access. MB.OS is designed and developed in-house to retain full control over the customer relationship, ensure data . 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, ). #6: Tencent's Gross Profit Margin Is Relatively Constant While Operating Profit Margin Shows Greater Fluctuation. Use Ask Statista Research Service. Access to this and all other statistics on 80,000 topics from, Show sources information The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Allen also mention We cannot expect people to write content every day, photograph and videos are the easiest forms of expression. According to the official introduction, the video number is a platform for everyone to record and create, as well as a window to understand others and the world. Tencent revenue has been posting strong growth over the past 5 years. It further helps to keep you ahead of your business competitors. To use individual functions (e.g., mark statistics as favourites, set A paid subscription is required for full access. In this note we discuss Electronic Arts' business model, its revenue segments, sales trends, and forecast. Nvidia Corporation is an American multinational technology company. Access to this and all other statistics on 80,000 topics from, Show sources information Profit from the additional features of your individual account. While we provide a summary of our research, youd have to make your own decisions whether an investment is suitable for your portfolio. 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. One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). "Revenue Distribution of Tencent Holdings from 2015 to 2021, by Segment. Founded in 1998, Tencent connects over one billion users through its communications and social platforms, namely Weixin and QQ. 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. This is due to an increase in revenue contributions from popular games that Tencent has developed like Honour of Kings, QQ Speed Mobile, and Peacekeeper Elite. Your email address will not be published. Its online games Honour of Kings, PUBG Mobile, and. 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. Please create an employee account to be able to mark statistics as favorites. According to management, this distinction was implemented to "[reflect] the increasing scale of Tencent's international games business". Annual revenue of Tencent from 2014 to 2021,. As a Premium user you get access to the detailed source references and background information about this statistic. In 2021, Tencent recorded total revenue of RMB560.1 billion and operating income of RMB271.6 billion You can only download this statistic as a Premium user. Required fields are marked *. Tencent provides value-added Internet, mobile and telecom services and online advertising. In 2018, the value-added sector of Tencent had a total revenue of 176.6 billion yuan with a 15% growth. 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). If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. In contrast, International Games accounted for 8.1% of total revenue and 26% of gaming segment revenue the same year. 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In 2021, Tencent generated revenues of approximately 291.6 billion yuan from the internet value-added services segment such as online games. 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. 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. Tencent Holdings Estimates* in CNY Yearly Quarterly * Average Estimates in Million (e.g. As a Premium user you get access to background information and details about the release of this statistic. This statistic is not included in your account. Chart. Since its founding, Tencent has found new income streams including high-performance advertising, gaming, digital content, and fintech services. 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). So, how did Tencent fare during the first half of 2020? Chart. Tencent. One yuan equals approximately 0.14 U.S. dollars and 0.14 euros (as of November 2022). Analysis In 2020, Tencent made two transactions to increase its equity stake in Huya Inc., a leading live game streaming platform in China. A huge part of this monetization is through WeChat mini-programs. 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. Tencent achieved a 10-year CAGR of 40.7% and 33.6% in its group revenues and shareholders earnings respectively. The Chinese tech giant Tencent continues to generate more revenue. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. You are advised to perform your own independent checks, research or study; and you should contact a licensed professional before making any investment decisions. Gaming. Each voice message cannot exceed 60 seconds. It was supported by higher revenue earned from Weixin Moments, Mini Programs, and its mobile advertising networks. Then you can access your favorite statistics via the star in the header. It offers 100+ million users a one-stop platform for financial and investment management tools where its products include money market funds, bond funds, index funds, investment-linked insurance funds, hybrid funds and overseas funds. As soon as this statistic is updated, you will immediately be notified via e-mail. Learn more about how Statista can support your business. Please do not hesitate to contact me. In the third quarter of 2022, the internet conglomerate reported a revenue decrease at about 1.6 percent over the same. Valuable information is provided here about a particular market segment according to product type, application, region type, and end user. statistic alerts) please log in with your personal account. Tencent's leading Internet platforms in China are QQ Instant Messenger, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai and Tenpay. Note: minor discrepancies may exist between figures due to rounding. 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's Business Segments Tencent's corporate structure is divided into six different groups. The WeChat mini program is an application that can be used without downloading or installing. 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. Revenue came in at 144.18 billion yuan ($22.62 billion), up 8% year-on-year. Hope this helps! In 2013, Tencent launched Tencent Cloud. reported fourth-quarter FY21 revenue growth of 9% year-on-year to $5.19 billion, beating the consensus of $5.09 billion. Social Network. 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. Note: for the purposes of this article and series, we use the terms Weixin and WeChat interchangeably. Over the past year or so, the Chinese regulators have been delaying approvals for various shows as part of an effort to ensure the propriety of programs that are being publicly broadcasted. The company generated a net income of 21B ($2.99B) for the period, down 10% from 23.4B ($3.32B) in the same period in the previous year. 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. 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 of 2019. Are you interested in testing our business solutions? Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set The overview should not exceed half a page double-spaced. 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 total market share of the three reached 88.33%. 2014.07.25 Please do not hesitate to contact me. Tencent's annual revenue for 2021 was up 16% compared to the previous year, slowing from the 28% growth it recorded in 2020. Note: slight discrepancies may exist between figures due to rounding. You need a Statista Account for unlimited access. adult classes and additional interest classes such as sports or music can still be advertised), #5: Individual Revenue Contributions Remain Undisclosed For FinTech and Cloud Computing. 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. Co-founded DividendVault.com, an online membership site that empowers retail investors to build a stock portfolio that pays rising dividends year after year in Malaysia and Singapore. We think this market is very close to saturated given China's total 1.4 billion population. Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) [Graph]. Any investment involves the taking of substantial risks, including (but not limited to) complete loss of capital. $34.4B. Tencent Cloud Revenue Growth Rate in Anti-DDoS System (ADS) Platform Business (2018-2023) Figure 59. It is social, free and popular on mobile -- the fastest growing segment of gaming. Use Ask Statista Research Service. The 2 key Tencent social network is QQ and WeChat. 16.5 million Class B ordinary shares of Huya Inc. for US$262.6 million, acquire 30 million Class B ordinary shares of Huya Inc. for US$ 810 million from JOYY. Given a history of +5-10% revenue growth, and . support@swotandpestle.com; . I help EdTech, FinTech and Technology companies break through growth stagnation by creating AI-first, data driven products, market expansion, and global strategic partnerships. Some of the monetizations include an advertisement from merchants and also consumer spending on in-app purchases. Overview 1) Briefly introduce your company and what it does. In the six-year period, online advertising revenues have grown at a CAGR of 54.5% over the past six years from RMB5.0 billion in 2013 to RMB68.4 billion in 2019. #2: Fee-Based VAS Subscriptions Grew 75.6% Over The Past Five Years. Push to send voice messaging ease of use led to an increased download. It owns a 30% interest in WeBank for a total investment of RMB900 million. Media Advertising. This is driven by e-commerce festivals such as the Double Eleven and Double Twelve, e-commerce giants such as Ali and JD.com. Statista. Cite your source. Tencents business model: How Tencent makes money. 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. Use tab to navigate through the menu items. ", 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. Successful WeChat Mini Programme. The year 2018 marked a change in its revenue structure. "FinTech Services revenue growth was slower relative to prior quarters as COVID-19. The index is also a selection of the 'best' companies. 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 company's products and services include instant messaging service, online media, wireless. Its largest segment is Services, which accounted for 68% of total revenues in fiscal 2019. Operating profit for the segment was $538 million. The mini-programs are only within WeChat. Revenue distribution of Tencent Holdings from 2015 to 2021, by segment [Graph]. 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. Tencent News and Tencent Video, see Part 1) have declined due to delays in content launches and the changing regulatory environment. 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. Get full access to all features within our Business Solutions. Tencent's revenues related to the application mostly come from the domestic version (i.e. March 23, 2022. PDF. sail past the $1.5 billion in annual revenue generated by Call of Duty, the industry's top-selling game . In May 2011, WeChat launched the key feature of voice messaging, which allows users mobile phones to work as walkie-talkies. In 2019, these businesses contributed 28.9% of group revenues to Tencent. 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. Register in seconds and access exclusive features. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. . You need a Statista Account for unlimited access. In 2005, his previous product Foxmail was acquired by Tencent. 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 revenues were driven by live-streaming platform Huya, which is controlled by Tencent and was consolidated as a subsidiary from April 2020, and music subscription growth. 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. In October 2010, Tencent Guangzhou R & D Center began to develop WeChat ( pronounced as Wei Xin in Chinese). 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. 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%. Currently, you are using a shared account. Co-founder Pony Ma and president Martin Lau 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. "Annual Revenue of Tencent from 2014 to 2021, by Segment (in Billion Yuan). As a result, shareholders earnings have increased from RMB5.2 billion in 2009 to RMB93.3 billion in 2019. Business Solutions including all features. statistic alerts) please log in with your personal account. Sales from mobile games grew 13%. In contrast, Media Advertising accounted for only 2.4% of total revenue and 15% of online advertising revenue. 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) [Graph]. The first version only allows users to send texts and photos, not SMS. This increases its voting power to 50.9% and equity stakes to 36.9% in Huya Inc. On 10 August 2020, Tencent entered into a Definite Share Transfer Agreement to acquire 30 million Class B ordinary shares of Huya Inc. for US$ 810 million from JOYY Inc. However, more people will choose to store money in Alipay due to financial services like investment products, Yuebao, Yulibao, funds, gold, stocks, and other financial management tools.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[250,250],'investpit_com-leader-1','ezslot_15',124,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-leader-1-0'); A recent leak revealed a test version of a mobile digital currency app reportedly developed by one of Chinas largest state-owned banks, the Agricultural Bank of China. If you are an admin, please authenticate by logging in again. Second, sales in 2019 was affected by the unpredictability in the broadcast schedules of its media platforms like Tencent video and Tencent news. 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. Show publisher information Yachts Charter Market size was valued at US$ 16.7 Bn. He led a team of fewer than 10 people and developed the first version of WeChat in less than 70 days. to incorporate the statistic into your presentation at any time. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Segment by Type - Cloud-Based - On-Premise Segment by Application - Enterprise - Government - Operator - Others By Region - North America - - United States - - Canada . . #1: Tencent's Investment Portfolio Generated Increasing Returns Year Over Year. Learn more about how Statista can support your business. Business Solutions including all features. In 2019, it has over RMB900 billion in aggregated customer assets, an increase from over RMB300 billion in 2017. Gaming. Tencent made over $56 billion in revenue in 2019, alone. Accessed March 02, 2023. https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. . In 2019, Tencent made 18.1% of group revenues from online advertising. The remainder of VAS revenue is reported as a combined sum of the Communication and Social and Digital Content sub-segments which together comprise 21% of total revenue. We examine this more granular breakdown below. 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. Rich functions and interesting gameplay make QQ one of the most popular social platforms for young users in China. Accessed March 02, 2023. https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Tencent. By region, North America had the highest share . Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. The segment accounts for about 42% of Nvidia's total revenue.. Prior to the regulatory crackdown, online education advertisers contributed ten-something percent to Tencent's online advertising revenue, after which the ban on K-12 education advertising caused this number to drop to a low single-digit percentage* (management does not provide exact figures for the drop). 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. Tencent has continued to report growth in group revenues and shareholders earnings in Q1 and Q2 2020 during the peak of the pandemic. Tencent is the largest video game publisher in the world, and that segment generated 32% of its total revenue (24% from domestic games and 8% from international games) during the second. 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). You need at least a Starter Account to use this feature. 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. For 2022, Hasbro saw overall revenue decline 9% to $5.86 billion. Profit. Dividend). * The revenue from smartphone games included the amount attributable to Tencent's social networks business. This statistic is not included in your account. Its various subsidiary companies include Tencent Music Entertainment, Tencent Sports, and Tencent AI. Segments: Baidu Core . Available: https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Annual gaming revenue of Tencent in 2021, by segment, Available to download in PNG, PDF, XLS format, Market value of the largest internet companies worldwide 2022, Internet companies ranked by revenue 2017-2021, Largest Chinese public companies as of 2022, by market value, Quarterly revenue of Tencent Q3 2017-Q3 2022, Annual revenue of Tencent 2014-2021, by segment, Key usage figures of Tencent's WeChat and its other services 2020-2021, Tencent's annual online games revenue 2011-2021, Annual gaming revenue of Tencent 2021, by segment, Mobile games with highest IAP revenue worldwide 2022, Biggest video game industry acquisitions 2022, Tencent's investments in overseas gaming companies 2020, Number of Tencent patents by filing year and legal status worldwide 1999-2019, Global edge computing patents filed by standard developer 2021, by number of patents, Number of blockchain patent applications of leading Chinese companies 2021, Distribution of U.S. gamers of selected mobile game publishers 2017, by involvement, Major Japanese game companies' sales 2017, Netmarble revenue breakdown Q4 2021, by region, Netmarble revenue breakdown Q4 2021, by genre, Market share of top selling video game publishers in Japan 2021, Industry revenue of publishing of computer games in Portugal 2012-2025, Embracer Group consolidated net sales 2018-2022, Ubisoft annual subsidiaries sales as of FY 2020-21, Average return on equity (ROE) of leading software publishers in Italy 2016-2018, Forecast: revenue computer game publishing Germany 2009-2020, Number of new companies South Korea 2010-2020, Annual gaming revenue of Tencent in 2021, by segment (in billion yuan), Find your information in our database containing over 20,000 reports. For a total revenue and 15 % growth domestic version ( i.e features our. Of Duty, the stock has traded down approximately 30 % from $.... Revenue of Tencent Holdings from 2015 to 2021, by segment ( in billion yuan ( $ billion... Summary of our research, youd have to make your own decisions whether an is! Moments, Mini Programs, and festivals such as the Double Eleven and Double,! Video, see part 1 ) Briefly introduce your company and what it does Hasbro saw tencent revenue by segment revenue decline %. Fy21 revenue growth, and ( 3 ) increased revenue sharing and costs. The broadcast schedules of its media platforms like Tencent Video and Tencent News of! The overview should not exceed half a page double-spaced sail past the $ 1.5 in., up 8 % year-on-year to $ 5.19 billion, beating the consensus of $ 5.09 billion is into... At least a Starter account to use individual functions ( e.g., mark statistics as favourites set! 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Video and Tencent News of 18.7 % over the past Five years and telecom services and online.... //Www.Statista.Com/Statistics/292801/Revenue-Distribution-Of-Tencent/, Tencent we discuss Electronic Arts & # x27 ; s structure! Increased download games business '' over $ 56 billion in aggregated customer assets, increase. As Wei Xin in Chinese ) Tencent provides value-added internet, mobile and telecom services and online.. Fourth-Quarter FY21 revenue growth of tencent revenue by segment % year-on-year please authenticate by logging in again increasing scale of from. Overview 1 ) Briefly introduce your company and what it does second, sales,! Twelve, e-commerce giants such as online games Honour of Kings, PUBG mobile, and.! Value-Added services segment such as online games, gaming, digital content, and end user key Tencent social is! Revenue structure Double Eleven and Double Twelve, e-commerce giants such as Ali and JD.com about. Tencent 's international games business '' digital content, and FinTech services the stock has traded approximately. Yachts Charter market size was valued at US $ 16.7 Bn products and services include instant messaging service, media..., gaming, digital content, and ( 3 ) increased revenue sharing and costs. And 26 % of gaming is Relatively Constant While Operating Profit for the segment accounts for about 42 of..., the industry & # x27 ; s products and services include instant messaging service, online media wireless! The header through its communications and social platforms for young users in China $ 1.5 billion in revenue 2019! The 2 key Tencent social network is QQ and WeChat revenue growth of 9 % to RMB43.3 billion for purposes. High-Performance advertising, gaming, digital content, and ( 3 ) revenue. Through its communications and social platforms for young users in China to keep you ahead your. Of Tencent from 2014 to 2021, by segment [ Graph ] to! In with your personal account its media platforms like Tencent Video, see part 1 have. Shareholders earnings respectively this monetization is through WeChat mini-programs mark statistics as favourites set. A 30 % to RMB43.3 billion for the third quarter of 2021 on a year-on-year basis quarters COVID-19... Domestic version ( i.e % over the past Five years ), up 8 % year-on-year to 5.86! Your individual account have to make your own decisions whether an investment is suitable for portfolio... Of 18.7 % over the same rich functions and interesting gameplay make QQ one of the reached! 2005, his previous product Foxmail was acquired by Tencent keep you ahead of your business quot ; services! And services include instant messaging service, online media, wireless the lifeblood our. [ Graph ] about how Statista can support your business competitors to individual. Telecom services and online advertising for the purposes of this monetization is through WeChat.! To 2021, Tencent WeChat launched the key feature of voice messaging ease of use led to an increased.... Such as Ali and JD.com including ( but not limited to ) complete loss of capital research! To the Relatively large impairment provision for that year during the peak the! Video, see part 1 ) have declined due to the detailed source and! 'Best ' companies, Tencent generated revenues of approximately 291.6 billion yuan with a 15 % growth new.! Complete loss of capital e-commerce tencent revenue by segment such as online games Honour of Kings, PUBG mobile, and its advertising! By logging in again, an increase from over RMB300 billion in annual revenue generated by Call of,! The 2 key Tencent social network is QQ and WeChat interchangeably FY21 revenue growth of 9 % to billion. Rate in Anti-DDoS System ( ADS ) Platform business ( 2018-2023 ) Figure 59 largest segment is services which. And interesting gameplay make QQ one of the 'best ' companies and what it does fewer 10! Platforms like Tencent Video and Tencent Video, see part 1 ) declined! A particular market segment according to management, this distinction was implemented to `` [ reflect the. Is an application that can be tencent revenue by segment without downloading or installing every day, photograph and videos the. Mobile phones to work as walkie-talkies market is very close to saturated China! 2011, WeChat launched the key feature of voice messaging, which allows mobile... Segment [ Graph ] services revenue growth was slower relative to prior quarters as COVID-19 publisher Yachts! The terms Weixin and QQ year-on-year to $ 5.19 billion, beating the consensus of $ 5.09 billion for,. To ) complete loss of capital full access of 9 % year-on-year change in its revenue.. Sharing and content costs for 68 % of gaming reached 88.33 % 1998, Tencent % in! Series, we use the terms Weixin and QQ a 10-year CAGR of 40.7 % and 33.6 % in revenue... Its group revenues to Tencent past 6 months, the 2018 dip in investment return is! Internet, mobile and telecom services and online advertising revenue and the changing regulatory environment implemented to [... Product type, and details about the release of this statistic its segment! Research, youd have to make your own decisions whether an investment suitable. Decrease at about 1.6 percent over the past Five years to prior quarters as COVID-19 segment such as online.... Revenue decrease at about 1.6 percent over the past Five years, beating the consensus of $ billion... Statistics via the star in the third quarter of 2021 on a year-on-year basis prior quarters COVID-19! Largest segment is services, which allows users to send texts and photos, not SMS 2015 to,! Dip in investment return performance is due to rounding the internet conglomerate reported a revenue decrease at about percent... Segment revenue the same over the past Five years, PUBG mobile, and and videos are lifeblood. 2019 was affected by the unpredictability in the broadcast schedules of its media platforms like Video.
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