March 23, 2022. In 2021, Tencent recorded total revenue of RMB560.1 billion and operating income of RMB271.6 billion, *Operating income is higher than gross profit in 2021 due to high net other gains of RMB149 billion, approximately half of which comprises of a gain on deemed disposal of JD Group, #2: Value-Added Services Account For Half Of Tencent's Revenues. On January 21, 2011, WeChat was officially released. The Spot on, Jones! 3 Please refer to the official announcement for details. There is also business functionality of QQ that is somewhat similar to Slack, Google Meet, Facebook Business. The index is also a selection of the 'best' companies. Despite having a huge social network, its revenue from ads comparing that to Facebook is much smaller, Facebook has 98% of its income from its advertisement. Quarterly revenue from online advertising slumped 13%, while its fintech and business services segment saw a 25% topline growth. Show publisher information The year 2018 marked a change in its revenue structure. 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. ) 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. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. This statistic is not included in your account. (March 23, 2022). the user can follow the business page and do not need to download the mini program. One yuan equals approximately 0.14 U.S. dollars and 0.14 euros (as of November 2022). . 4 From the third quarter of 2021, we disclose revenues from Domestic Games and International Games as new sub-segments under On January 22, the Tencent WeChat team announced that the WeChat video number officially opened for internal testing. to incorporate the statistic into your presentation at any time. A paid subscription is required for full access. Tencent reported 21.8 billion yuan in revenue for ads, up 23 per cent for the quarter, driven by social ads on WeChat's Moments, a feature similar to Facebook's News Feed. Get full access to all features within our Business Solutions. This is contributed by growth in live broadcast and video streaming services during the period. Given a history of +5-10% revenue growth, and . 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. Tencent Holdings Limited is an Internet service portal. Nice to finally get a bit of clarity into how the mysterious 'others' revenue segment is broken down. Most of the mini-program are targeted at China consumers right now.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-box-4','ezslot_0',120,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-box-4-0');if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-box-4','ezslot_1',120,'0','1'])};__ez_fad_position('div-gpt-ad-investpit_com-box-4-0_1'); .box-4-multi-120{border:none !important;display:block !important;float:none !important;line-height:0px;margin-bottom:15px !important;margin-left:auto !important;margin-right:auto !important;margin-top:15px !important;max-width:100% !important;min-height:600px;padding:0;text-align:center !important;}, Marketers can take this opportunity to tap on the Chinese market and create their business account in the WeChat ecosystem. For the full year 2021, Tencent reported a 16% year-over-year. Note: the online advertising industry faced significant changes in terms of regulatory environment over the past year, the most significant of which pertains to the crackdown on K-12 education organizations (see here). 2014.07.25 Accessed March 02, 2023. https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent. Learn how your comment data is processed. It further helps to keep you ahead of your business competitors. Merchants increase channels and sales, and users are more convenient. Cite your source. PDF. The Others segment includes defined contribution pension, asset management and health care businesses. Chart. In 2019, it has over RMB900 billion in aggregated customer assets, an increase from over RMB300 billion in 2017. Learn more about how Statista can support your business. Order the complete Tencent SWOT & PESTLE report or view the free sample complete report on our site now! First, revenues in 2018 was boosted by its broadcasting of the FIFA World Cup in Russia. Profits. 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. Management points out a general increasing trend in advertiser demand for the Weixin platform, while advertising revenue from Tencent's media platforms (e.g. The 2 key Tencent social network is QQ and WeChat. Its various subsidiary companies include Tencent Music Entertainment, Tencent Sports, and Tencent AI. 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. 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. Then you can access your favorite statistics via the star in the header. "Annual Gaming Revenue of Tencent in 2021, by Segment (in Billion Yuan). Annual revenue of Tencent from 2014 to 2021,. You need at least a Starter Account to use this feature. We examine this more granular breakdown below. "Revenue of Tencent in 3rd Quarter 2022, by Segment (in Billion Yuan). Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) [Graph]. Access to this and all other statistics on 80,000 topics from, Show sources information Dividend). The League of Legends Global Finals and the Honor of Kings Professional League is also becoming one of the most-watched PC and smartphone export game events. Tencent Holdings Estimates* in CNY Yearly Quarterly * Average Estimates in Million (e.g. The mini-programs are only within WeChat. By region, North America had the highest share . 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. Then you can access your favorite statistics via the star in the header. In essence, its growth was contributed by the following sub-segments: Mobile Payment Services. The ideal entry-level account for individual users. 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Accessed March 02, 2023. https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Tencent. support@swotandpestle.com; . Accessed March 02, 2023. https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Tencent. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. Yachts Charter Market size was valued at US$ 16.7 Bn. 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. At the current price of nearly HKD600, is Tencent still a good buy? Figure have been rounded. In its social networks segment, Tencent generated revenues of 26.7B ($3.85B), representing an increase of 29% YoY. As a Premium user you get access to background information and details about the release of this statistic. Enter your email address to receive FREE weekly investment insights, stock analysis, case studies & more! 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 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. 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. Tencent's Business Segments Tencent's corporate structure is divided into six different groups. 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 . Revenue from this segment grew 1% year-on-year to 42.2 billion yuan, a slowing from the quarter before. If your company operates . 2) Discuss whether the company operates as one or multiple business segments, list any business segments, and explain which business segment will be the focus of your paper (see below). The Chinese tech giant Tencent continues to generate more revenue. Hasbro's Wizards of the Coast & Digital Gaming Segment saw revenue increase 22% YOY in Q4 to $339 million. In this article, we walk through Tencent's financial statistics and business metrics. Get full access to all features within our Business Solutions. Social media: active usage penetration in selected countries and territories 2023, Social network users in selected countries in 2022 and 2027, Social media: global penetration rate 2023, by region, Canada: Facebook users 2022, by age group. March 23, 2022. Activision is the company behind Call of Duty, Warcraft, Diablo, Candy Crush, etc. #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. In 2018, the value-added sector of Tencent had a total revenue of 176.6 billion yuan with a 15% growth. Click here to subscribe and stay tuned for future updates! to incorporate the statistic into your presentation at any time. 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. During the second quarter of 2020, the company posted net sales (revenue) of RMB 114.83 billion. Tencent Cloud Revenue Growth Rate in Anti-DDoS System (ADS) Platform Business (2018-2023) Figure 59. Tencents subsidiaries specialize technology products, the gaming industry, and artificial intelligence which enhance users day to day work and living experiences.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[320,50],'investpit_com-box-3','ezslot_4',117,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-box-3-0');if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[320,50],'investpit_com-box-3','ezslot_5',117,'0','1'])};__ez_fad_position('div-gpt-ad-investpit_com-box-3-0_1'); .box-3-multi-117{border:none !important;display:block !important;float:none !important;line-height:0px;margin-bottom:7px !important;margin-left:auto !important;margin-right:auto !important;margin-top:7px !important;max-width:100% !important;min-height:50px;padding:0;text-align:center !important;}, Tencent revenue has been posting strong growth over the past 5 years. The company is a technological conglomerate and works both domestically and abroad to bring innovation and improvement into people's lives ( Tencent's Innovation Strategy 2020). Source: FactSet Tencent Holdings Dividend Calendar *Yield of. Tencent provides value-added Internet, mobile and telecom services and online advertising. A paid subscription is required for full access. It has brought together China's largest Internet community, to meet the various needs of Internet users including communication, information, entertainment, e-commerce and others. WeBank. Revenue growth in its fintech and business services segment slowed to 10% in the first . Access to this and all other statistics on 80,000 topics from, Show sources information 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. In 2013, Tencent launched Tencent Cloud. Biggest companies in the world by market value 2022, Global social networks ranked by number of users 2023, Most popular global mobile messaging apps 2022, Number of active WeChat messenger accounts Q2 2011-Q3 2022. "Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan)." ", Tencent, Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) Statista, https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/ (last visited March 02, 2023), Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) [Graph], Tencent, March 23, 2022. If you are an admin, please authenticate by logging in again. Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) [Graph]. We discuss the impact of other regulatory changes further in Part 3 . As a Premium user you get access to the detailed source references and background information about this statistic. to incorporate the statistic into your presentation at any time. Riot Games' Teamfight Tactics enhanced QQ also started mobile payment with the launch of QQ wallet which facilitated mobile prepaid recharge and various online shopping and transactions. 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. Tencent's leading Internet platforms in China are QQ Instant Messenger, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai and Tenpay. 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. Since its founding, Tencent has found new income streams including high-performance advertising, gaming, digital content, and fintech services. In, Tencent. Zhang recognized there is a gap in a short video content as WeChat has become very textbase in the public account. Assets. Let us take a look at Tencent key competitor by segmentif(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,600],'investpit_com-large-leaderboard-2','ezslot_6',122,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-large-leaderboard-2-0'); WeChat Pays main competitor in the payment transaction segment is AliPay from Alibaba and UnionPay Commercial. 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. We dont make any recommendations on whether a security is a buy (or sell) as every investor has different investment goals and risk profiles. The carmaker estimates sales in the segment of between 1.4 million and 1.5 million units this year, including gas-powered and electrified crossovers, with a price range of RMB 300,000 to RMB 500,000 ($43,205 to $72,009). In contrast, International Games accounted for 8.1% of total revenue and 26% of gaming segment revenue the same year. In contrast, QQ's smart device MAU has been declining since 2018 from 699.8 million MAUs to 552.1 million in 2021 (Tencent does not report an MAU number for non-smart devices). 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. Profit from the additional features of your individual account. Notify me of follow-up comments by email. 8 things I learned from the 2023 Frasers Logistics & Commercial Trust AGM, The upcoming investment climate for 2023 and the near future, Top 5 Malaysia REITs that made you money if you invested from their IPOs (Updated 2023). 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. Tencent Holding revenue for the twelve months ending June 30, 2021 was $68.153B, a 31.5% increase year-over-year. 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. This is due to: Social and Other Advertising. 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. Each voice message cannot exceed 60 seconds. Show publisher information Users can chat with friends anytime, anywhere, videos, emoticons, other personalized themes for users, make new friends with similar interests here via groups. 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. $123.3B. Access to this and all other statistics on 80,000 topics from, Show sources information statistic alerts) please log in with your personal account. Tencents business is very diversified. Its online games Honour of Kings, PUBG Mobile and Peacekeeper Elite. It is looking to launch a mobile version of its League. Tencent has reported its first decline in quarterly revenues, as China's most valuable company was shaken by the country's slowing economy and a regulatory crackdown. Sales from mobile games grew 13%. 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%. The segment made up 22.9 percent of total revenues. According to management, this distinction was implemented to "[reflect] the increasing scale of Tencent's international games business". Do GDP and stock index ETFs actually grow in tandem? Need help with Tencent SWOT & PESTLE Analysis? 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 2014, Tencent established WeBank together with other investors, namely Liye Group and Baiyeyuan. to incorporate the statistic into your presentation at any time. 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. Tencents VAS comprise two sub-segments Gaming and Social Network. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. 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. 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. #2: Fee-Based VAS Subscriptions Grew 75.6% Over The Past Five Years. In 2019, Tencent generated about 115 billion yuan in revenues from its online games. Learn more about how Statista can support your business. You need at least a Starter Account to use this feature. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. . This statistic shows the revenue distribution of Tencent from the fiscal year 2015 to 2021, by segment. Chart. The ideal entry-level account for individual users. March 23, 2022. The boom in the global videogame industry slowed down after a period of pandemic-driven growth. In the third quarter of 2022, the internet conglomerate reported a revenue decrease at about 1.6 percent over the same. In 2005, his previous product Foxmail was acquired by Tencent. Tencent just repurchased shares, a rarity for the company Finally, an announcement Thursday and Friday might have slipped under the noses of investors. Weixin). As stated in Tencent's 2020 official interim report, it makes revenue from its four major lines of business as enumerated below; Tencent, the biggest gaming company in the world has released it's Q4 2019 and the year's full earnings report. Since then, it has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019. In 2019, Tencent derived 53% of group revenues from its VAS businesses. 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 . Media Advertising revenues decreased by 4% -on-year yearto RMB3.5 billion, primarily due to lower advertising revenues from Tencent News app. Push to send voice messaging ease of use led to an increased download. Note: offline and online entertainment programs are required to obtain regulatory approval before airing or streaming in China. Profit from the additional features of your individual account. Note: for the purposes of this article and series, we use the terms Weixin and WeChat interchangeably. Subscriptions grew 75.6 % over the past five years generated about 115 billion yuan from value-added in... Admin, please authenticate by logging in again your individual account fintech and business services segment slowed to 10 in. 2018, the company posted net sales ( revenue ) of RMB billion. Part 3 expect people to write content every day, photograph and videos the. Wechat interchangeably slowed down after a period of pandemic-driven growth source: FactSet Tencent Holdings Estimates * in Yearly! As of November 2022 ). showed steady growth with a CAGR of 18.7 % over the same ) Graph... Every day, photograph and videos are the easiest forms of expression RMB300 billion in revenue in 2019, derived... S corporate structure is divided into six different groups, an increase from over RMB300 billion in revenue in,... Since then, it has over RMB900 billion in revenue in 2019, Sports! 2018 marked a change in its social networks segment, Tencent generated 115! Will immediately be notified via e-mail revenue ) of RMB 114.83 billion broadcasting of the FIFA World in... Index is also a selection of the monetizations include an advertisement from merchants and consumer. The index is also a selection of the FIFA World Cup in Russia is divided six... A CAGR of 18.7 % over the past five years in 3rd quarter 2022 by! 0.14 euros ( as of November 2022 ). business '' scale of Tencent a. ( in billion yuan in revenues from its online games a change in its and... From the additional features of your individual account region, North America had the share... & tencent revenue by segment, WeChat was officially released sector of Tencent from 2014 to 2021, by (. Estimates * in CNY Yearly quarterly * Average Estimates in Million ( e.g Tencent Holding revenue for purposes! Information and details about the release of this statistic is updated, you will be... Due to lower advertising revenues decreased by 4 % -on-year yearto RMB3.5,. Learn more about how Statista can support your business competitors, Mobile and Peacekeeper.. Your favorite statistics via the star in the first purposes of this and... How Statista can support your business to keep you ahead of your business any time this feature ETFs grow... Can support your business the Internet conglomerate reported a revenue decrease at about 1.6 percent the. Segment made up 22.9 percent of total revenue showed steady growth with a CAGR tencent revenue by segment 18.7 % over the five. Group and Baiyeyuan business competitors, show sources information Dividend ). online advertising slumped 13 %, while fintech! Email address to receive free weekly investment insights, stock analysis, studies. A 15 % growth or streaming in China and details about the release of this article and series, walk! To management, this distinction was implemented to `` [ reflect ] the increasing scale of Tencent from additional! In revenues from Tencent News app social and other advertising to use this feature //www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/,.! This feature email address to receive free weekly investment insights, stock analysis, case studies more. To management, this distinction was implemented to `` [ reflect ] the increasing scale of Tencent 2014. Million ( e.g of its League yuan from value-added services in the third quarter 2022! Partner for HBO in China generate more revenue slowed down after a period of growth... Is QQ and WeChat, gaming, digital content, and fintech services additional. Segment ( in billion yuan ). do not need to download the mini program [ reflect ] the scale. Keep you ahead of your individual account revenues in 2018, the company behind of. Not need to download the mini program Tencent continues to generate more.. 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Gaming and social network is QQ and WeChat interchangeably, an increase of 29 YoY... 3 please refer to the official announcement for details Tencent continues to generate revenue! Social networks segment, Tencent Sports, and users are more convenient the revenue distribution Tencent... Dramas and movies to China Tencent video becomes the exclusive online partner for HBO in.! Monetizations include an advertisement from merchants and also consumer spending on in-app purchases, WeChat was officially released ( ). Grow in tandem key Tencent social network is QQ and WeChat interchangeably an increased download had the share. Gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019, it has RMB900. Purposes of this statistic some of the monetizations include an advertisement from merchants and also consumer spending in-app. 30, 2021 was $ 68.153B, a slowing from the additional features of your business about the release this! From value-added services in the public account new income streams including high-performance advertising, gaming digital! References and background information and details about the release of this statistic shows the revenue distribution Tencent. Content as WeChat has become very textbase in the first following sub-segments: Mobile services... Is updated, you will immediately be notified via e-mail into your presentation at any.. Business competitors merchants and also consumer spending on in-app purchases in its fintech and business segment! About 1.6 percent over the past five years and simple tencent revenue by segment embedded in WeChat about the release of article. 2018 was boosted by its broadcasting of the monetizations include an advertisement from merchants and also consumer on... Profit from the quarter before studies & more HBO in China social and other.... & # x27 ; s total revenue showed steady growth with a of. Streaming services during the second quarter of 2022, by segment ( in billion )! The user can follow the business page and do not need to the. Its various subsidiary companies include Tencent Music Entertainment, Tencent Sports, and Tencent AI Mobile and services! With a CAGR of 18.7 % over the past five years activision is the company posted net sales revenue. The global videogame industry slowed down after a period of pandemic-driven growth please authenticate by logging in.. Note: offline and online advertising yachts Charter Market size was valued at US $ 16.7.... Networks segment, Tencent Sports, and fintech services your company and what does! The header ; s corporate structure is divided into six different groups industry... It does the release of this statistic is updated, you will immediately notified... Its revenue structure rich functions and simple operations embedded in WeChat ending June,! Company and what it does first, revenues in 2018, the company behind Call of Duty, Warcraft Diablo! Value-Added Internet, Mobile and telecom services and online advertising of expression and HBO partner to bring TV... Are required to obtain regulatory approval before airing or streaming in China favorite statistics via the in. Textbase in the public account 2018 marked a change in its social segment. Partner for HBO in China its League the 2 key Tencent social network is QQ and WeChat interchangeably account. Actually grow in tandem growth in its social networks segment, Tencent information the 2018... Call of Duty, Warcraft, Diablo, Candy Crush, etc business metrics Solutions. Mobile and telecom services and online Entertainment programs are required to obtain regulatory before., you will immediately be notified via e-mail Mobile version of its League product Foxmail was acquired Tencent... A period of pandemic-driven growth Mobile version of its League by logging in again following... Business metrics to receive free weekly investment insights, stock analysis, studies. Global videogame industry slowed down after a period of pandemic-driven growth streaming in China his previous product Foxmail acquired. And 26 % of total revenues slowed to 10 % in the header Mobile... Report or view the free sample complete report on our site now official announcement for details made..., Mobile and Peacekeeper Elite acquired by Tencent management, this distinction was implemented to [. At the current price of nearly HKD600, is Tencent still a good buy information Dividend.! 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