Tencent just repurchased shares, a rarity for the company Finally, an announcement Thursday and Friday might have slipped under the noses of investors. Tencent. Chart. Tencent provides value-added Internet, mobile and telecom services and online advertising. Advertising revenues decreased by 25% to RMB3.2 billion, reflecting lower advertising revenues from Tencent Video and Tencent News services. SoundHound Just Got $100M From . Its online games Honour of Kings, PUBG Mobile, and. March 1, 2022 6:29 AM | 1 min read. To use individual functions (e.g., mark statistics as favourites, set WeBank is a privately-owned digital bank located in Shenzhen which offers retail and SME customers savings, loans, and investment services in China. The segment made up 22.9 percent of total revenues. MOBA segment, League of Legends, and Honor of Kings are the 2 major hits for Tencent. 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. 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. If you are an admin, please authenticate by logging in again. Figure have been rounded. In this note we discuss Electronic Arts' business model, its revenue segments, sales trends, and forecast. By region, North America had the highest share . #6: Tencent's Gross Profit Margin Is Relatively Constant While Operating Profit Margin Shows Greater Fluctuation. Revenue. FinTech Services revenue growth primarily reflected increasing commercial WeChat updated a new rule in October 2019, the platform will punish websites or apps that send links to mislead or entice users to download or redirect to an external app, Tencent Holdings and its key revenue pillars, How To Make Money In The Agriculture Business. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Segments: Baidu Core . Assets. Notify me of follow-up comments by email. 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. Copyright 2023 The Fifth Person. 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). While we provide a summary of our research, youd have to make your own decisions whether an investment is suitable for your portfolio. 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. Accessed March 02, 2023. https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent. Register in seconds and access exclusive features. We calculate the investment income generated from Tencent's portfolio each year as a percentage of the ending portfolio value from the preceding year. ", 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. Tencent Holding annual/quarterly revenue history and growth rate from 2011 to 2021. The total market share of the three reached 88.33%. In 2021, Tencent recorded total revenue of RMB560.1 billion and operating income of RMB271.6 billion Please do not hesitate to contact me. Show publisher information Revenues have increased from RMB622 million in 2013 to RMB108.9 billion in 2019. We have also set the operating . During the last reported year, Tencent Holdings Limited generated 52 percent of its. 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). Please create an employee account to be able to mark statistics as favorites. 3 Please refer to the official announcement for details. This statistic is not included in your account. Access to this and all other statistics on 80,000 topics from, Show sources information 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, revenue in the segment was up 3% to $1.33 billion. You can only download this statistic as a Premium user. 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. November 16, 2022. Statista. 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. The number of monthly active users (MAUs) on the Weixin and WeChat platforms increased from 988.6 million in 2017 to 1,268.2 million in 2021. On January 21, 2011, WeChat was officially released. According to data presented by Safe Betting Sites, in October 2021, Tencent generated $513M in in-app purchases, the largest among mobile game . Due to the ecosystem of mini-programs, people will use WeChat Pay for transportation, food, etc. In essence, its growth was contributed by the following sub-segments: Mobile Payment Services. Domestic Games accounted for 23% of Tencent's total revenue and 74% of revenue from the gaming segment in 2021. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. Rich functions and interesting gameplay make QQ one of the most popular social platforms for young users in China. In 2013, Tencent launched Tencent Cloud. 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. ) In the early days, QQ was Tencents key product. Its online games Honour of Kings, PUBG Mobile, and. This is contributed by growth in live broadcast and video streaming services during the period. WeChat wants to empower everyone to create content. The overview should not exceed half a page double-spaced. Profit from the additional features of your individual account. to incorporate the statistic into your presentation at any time. The ideal entry-level account for individual users. This statistic is not included in your account. Show publisher information the user can follow the business page and do not need to download the mini program. Note: offline and online entertainment programs are required to obtain regulatory approval before airing or streaming in China. The revenue segment can be broken down into two sub-segments: (1) FinTech, and (2) Cloud and Other Business Services. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. As a Premium user you get access to the detailed source references and background information about this statistic. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. 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. Each voice message cannot exceed 60 seconds. PDF. Impact of Chinas reopening on Singapore REITs, Top 3 Hong Kong REITs that made you money if you invested from their IPOs (Updated 2023). It owns a 30% interest in WeBank for a total investment of RMB900 million. Push to send voice messaging ease of use led to an increased download. "Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan)." In this article, Ill summarise Tencents business segments, financial performance, and its recent investment in Huya. 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. "FinTech Services revenue growth was slower relative to prior quarters as COVID-19. As soon as this statistic is updated, you will immediately be notified via e-mail. 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). 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. ) Profits. You are advised to perform your own independent checks, research or study; and you should contact a licensed professional before making any investment decisions. . (March 23, 2022). short clips and livestreaming, see. In, Tencent. 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). During the second quarter of 2020, the company posted net sales (revenue) of RMB 114.83 billion. We think this market is very close to saturated given China's total 1.4 billion population. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. In 2019, Tencent cemented its leadership posit)on in China and made significant progress in overseas business, which is largely due to PUBG Mobile, Call of Duty Mobile, Peacekeeper Elite, and League of Legends. 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). 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