Revenue from this segment grew 1% year-on-year to 42.2 billion yuan, a slowing from the quarter before. The WeChat mini program is an application that can be used without downloading or installing. Annual revenue of Tencent from 2014 to 2021,. Dividend). If you are an admin, please authenticate by logging in again. to incorporate the statistic into your presentation at any time. To use individual functions (e.g., mark statistics as favourites, set 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). All rights reserved. Chapter 9 Key Companies Breakdown by Overall Market Size & Revenue by Type Chapter 10 Business / Industry Chain (Value & Supply Chain Analysis) Chapter 11 Conclusions & Appendix At the current price of nearly HKD600, is Tencent still a good buy? 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. 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$34.5. Business Solutions including all features. 4 From the third quarter of 2021, we disclose revenues from Domestic Games and International Games as new sub-segments under Tencent News and Tencent Video, see Part 1) have declined due to delays in content launches and the changing regulatory environment. This increases its voting power to 50.9% and equity stakes to 36.9% in Huya Inc. On 10 August 2020, Tencent entered into a Definite Share Transfer Agreement to acquire 30 million Class B ordinary shares of Huya Inc. for US$ 810 million from JOYY Inc. We discuss the impact of other regulatory changes further in, Unfortunately, Tencent does not provide a breakdown of the, Tencent's gross profit has remained relatively stable with a slight decline over the past five years due to: (1) a shift in revenue mix from the higher-margin gaming businesses towards lower margin businesses such as digital content subscriptions, livestreaming services, and cloud-related business services, (2) continued investments in strategic areas, particularly infrastructure and bandwidth to support the rapid growth of the company's video account services (e.g. Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) [Graph]. In essence, its growth was contributed by the following sub-segments: Mobile Payment Services. Activision is the company behind Call of Duty, Warcraft, Diablo, Candy Crush, etc. During the last reported year, Tencent Holdings Limited generated 52 percent of its. You only have access to basic statistics. It still has a user base of 612 million users. Rich functions and interesting gameplay make QQ one of the most popular social platforms for young users in China. 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. PDF. 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. Produced 450+ financial articles featured on KCLau.com in Malaysia and The Fifth Person, Value Invest Asia, and Small Cap Asia in Singapore. Get full access to all features within our Business Solutions. Valuable information is provided here about a particular market segment according to product type, application, region type, and end user. On 3 April 2020, Tencent acquired 16.5 million Class B ordinary shares of Huya Inc. for US$262.6 million. As a Premium user you get access to the detailed source references and background information about this statistic. 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. (March 23, 2022). Tencent. 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. The first version only allows users to send texts and photos, not SMS. It was supported by higher revenue earned from Weixin Moments, Mini Programs, and its mobile advertising networks. Discover how to invest in dividend stocks and REITs, and create your very own dividend machine. WeBank is a privately-owned digital bank located in Shenzhen which offers retail and SME customers savings, loans, and investment services in China. You only have access to basic statistics. Gaming Advertisement 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. My teams and I have . Chart. Advertising revenues decreased by 25% to RMB3.2 billion, reflecting lower advertising revenues from Tencent Video and Tencent News services. Tencent's Business Segments Tencent's corporate structure is divided into six different groups. statistic alerts) please log in with your personal account. If th Hi CG, If you currently own Singapore shares, they are eithe Hi! Management points out a general increasing trend in advertiser demand for the Weixin platform, while advertising revenue from Tencent's media platforms (e.g. Tencent's VAS comprise two sub-segments - Gaming and Social Network. The company's products and services include instant messaging service, online media, wireless. Any investment involves the taking of substantial risks, including (but not limited to) complete loss of capital. As a Premium user you get access to the detailed source references and background information about this statistic. Show publisher information The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. Cloud Services. Order the complete Tencent SWOT & PESTLE report or view the free sample complete report on our site now! For businesses who need money for cash flow, and also those who need a home loan, you can get it through QQ at rong360 in China. For the full year 2021, Tencent reported a 16% year-over-year. 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. 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. As of 2019. 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. ", 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. Sales from mobile games grew 13%. Values have been rounded. 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. Tencent. This is because of higher subscription of both its video and music contents, rising gaming time, and growth in social advertising, cloud, and fintech revenues as more people stayed at home during the period. 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). Revenue) or per share (e.g. 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. As a Premium user you get access to background information and details about the release of this statistic. Founded in 1998, Tencent connects over one billion users through its communications and social platforms, namely Weixin and QQ. In contrast, Media Advertising accounted for only 2.4% of total revenue and 15% of online advertising revenue. WeChat wants to empower everyone to create content. Business Solutions including all features. For the full year, revenue in the segment was up 3% to $1.33 billion. Note: slight discrepancies may exist between figures due to rounding. One yuan equals approximately 0.14 U.S. dollars and 0.14 euros (as of November 2022). Tencent. If you are an admin, please authenticate by logging in again. 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. Each voice message cannot exceed 60 seconds. You need at least a Starter Account to use this feature. Register in seconds and access exclusive features. You need at least a Starter Account to use this feature. The Others segment includes defined contribution pension, asset management and health care businesses. 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. Dividend Machines 2023 is open! There was a huge fall in the growing rate of the game sector from 32% in 2017, to 6% in 2018. 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). According to data presented by Safe Betting Sites, in October 2021, Tencent generated $513M in in-app purchases, the largest among mobile game . Management claims that the decline in QQ's smart device MAU is due to Tencent's purging of spam and bot accounts, although we think that consumer switching from QQ to Weixin also plays a role as users migrate from the more PC-oriented QQ platform to mobile-friendly Weixin (see Part 1). Zhang recognized there is a gap in a short video content as WeChat has become very textbase in the public account. In, Tencent. I know they to have a very loyal customer following. Revenues have increased from RMB622 million in 2013 to RMB108.9 billion in 2019. It is social, free and popular on mobile -- the fastest growing segment of gaming. As a Premium user you get access to the detailed source references and background information about this statistic. The Spot on, Jones! Show publisher information Tencent is a Chinese multinational company situated in Shenzhen, China. . 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. (March 23, 2022). The segment accounts for about 42% of Nvidia's total revenue.. Note: for the purposes of this article and series, we use the terms Weixin and WeChat interchangeably. Register in seconds and access exclusive features. Tencent Holdings is a Chinese technology conglomerate holding company that was founded in November 1998. Tencent provides value-added Internet, mobile and telecom services and online advertising. 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. , loans, and Small Cap Asia in Singapore following sub-segments: mobile Payment services 0.14 U.S. dollars and euros... Segments Tencent & # x27 ; s VAS comprise two sub-segments - and! Services in China as WeChat has become very textbase in the growing rate of the game sector from 32 in! Segment grew 1 % year-on-year to 42.2 billion yuan, a slowing from the quarter before gameplay QQ... 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