* The revenue from smartphone games included the amount attributable to Tencent's social networks business. Tencent achieved a CAGR of 23.7% over the past six years in Gaming revenues, up from RMB32.0 billion in 2013 to RMB114.7 billion in 2019. 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. Overview 1) Briefly introduce your company and what it does. Business Solutions including all features. Tencent's VAS comprise two sub-segments - Gaming and Social Network. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. Revenues had grown from RMB12.4 billion in 2009 to RMB377.3 billion in 2019. 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. In particular, the high net gains on disposals and deemed disposals of investee companies in 2021 was more than half driven by the deemed disposal of JD Group. Tencent Games is one of Tencents four revenue pillars, they are the worlds biggest game company by revenue. 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. Annual revenue of Tencent from 2014 to 2021,. Of the 236 million paid subscriptions in 2021, 124 million were Tencent Video subscriptions, 76 million were Tencent Music subscriptions, while the remaining 36 million were subscriptions across Tencent's various other media platforms (see Part 1). Then you can access your favorite statistics via the star in the header. This statistic is not included in your account. 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. Co-founder Pony Ma and president Martin Lau joined an earnings call. The person in charge of research and development was Zhang Xiaolong, who was then the person in charge of the mobile version of QQ Mail. In May 2011, WeChat launched the key feature of voice messaging, which allows users mobile phones to work as walkie-talkies. It can be used without downloading and installing. You are advised to perform your own independent checks, research or study; and you should contact a licensed professional before making any investment decisions. 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. interchangeably. You only have access to basic statistics. 3 Please refer to the official announcement for details. Revenue is being broken down intothe main 4 segmentsif(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,600],'investpit_com-medrectangle-3','ezslot_12',118,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-medrectangle-3-0'); QQ is an instant messaging platform launched by Tencent in February 1999this messaging tool spans the era of PC and mobile Internet. March 1, 2022 6:29 AM | 1 min read. 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. 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. It is only inflation, all other dependent on inflation. Its various subsidiary companies include Tencent Music Entertainment, Tencent Sports, and Tencent AI. Note: offline and online entertainment programs are required to obtain regulatory approval before airing or streaming in China. Yachts Charter Market size was valued at US$ 16.7 Bn. #1: The Weixin/WeChat Market Is Saturated, While QQ is Declining in Popularity. 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. Tencent. This information should not and cannot be construed as or relied on and (for all intents and purposes) does not constitute financial, investment or any other form of advice. short clips and livestreaming, see. We think this market is very close to saturated given China's total 1.4 billion population. 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. As soon as this statistic is updated, you will immediately be notified via e-mail. Get full access to all features within our Business Solutions. Revenue from this segment grew 1% year-on-year to 42.2 billion yuan, a slowing from the quarter before. March 23, 2022. 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 . There is also business functionality of QQ that is somewhat similar to Slack, Google Meet, Facebook Business. One yuan equals approximately 0.14 U.S. dollars and 0.14 euros (as of November 2022). If you are an admin, please authenticate by logging in again. Operating profit for the segment was $538 million. Social Network. Tencent Revenue : Yuan 482.06 billion - FY ending Dec 2020 (y-o-y growth 27.8%) Yuan 377.28 billion - FY ending Dec 2019 (y-o-y growth 21.2%) Competitive Analysis . to incorporate the statistic into your presentation at any time. 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). We dont make any recommendations on whether a security is a buy (or sell) as every investor has different investment goals and risk profiles. We note that Tencent only started making a formal distinction (for financial reporting purposes) between revenue from domestic versus international games in Q3 2021, meaning that historical data on revenue from International Games is unavailable. We calculate the investment income generated from Tencent's portfolio each year as a percentage of the ending portfolio value from the preceding year. There was a huge fall in the growing rate of the game sector from 32% in 2017, to 6% in 2018. This statistic is not included in your account. 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. We examine this more granular breakdown below. To use individual functions (e.g., mark statistics as favourites, set However, there is still room for further improvement in other game genres such as role-playing games. As a Premium user you get access to the detailed source references and background information about this statistic. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. While we provide a summary of our research, youd have to make your own decisions whether an investment is suitable for your portfolio. have declined due to delays in content launches and the changing regulatory environment. The ideal entry-level account for individual users. Tencent Holding annual/quarterly revenue history and growth rate from 2011 to 2021. March 23, 2022. Tencent Holding annual revenue for 2021 was $86.818B, a 24.29% increase from 2020. We first start by looking at Tencent's general financial metrics and revenue breakdown. The company disclosed the figures related to its fintech and business service revenue for the first time in its 2019 financial report with restated 2018 figures. The Chinese tech giant Tencent continues to generate more revenue. 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. ) SoundHound Just Got $100M From . We turn to examine Tencent's additional reported business metrics: (1) the number of users on its, 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. In contrast, International Games accounted for 8.1% of total revenue and 26% of gaming segment revenue the same year. Please check your download folder. Domestic Games accounted for 23% of Tencent's total revenue and 74% of revenue from the gaming segment in 2021. Ma Huateng, president of Tencent, determined that the name of this product was called Wei Xin.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-medrectangle-4','ezslot_7',119,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-medrectangle-4-0');if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-medrectangle-4','ezslot_8',119,'0','1'])};__ez_fad_position('div-gpt-ad-investpit_com-medrectangle-4-0_1'); .medrectangle-4-multi-119{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;}. Tencent. A paid subscription is required for full access. Baidu Inc. BIDU. In essence, its growth was contributed by the following sub-segments: Mobile Payment Services. We have also set the operating . 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. To use individual functions (e.g., mark statistics as favourites, set PDF. Copyright 2023 The Fifth Person. Tencent revenue has been posting strong growth over the past 5 years. Lau added Tencent will add a new. In, Tencent. Please create an employee account to be able to mark statistics as favorites. 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 compute and networking segment delivered revenue of $3.0 billion in Q3 FY 2022, up 55.3% from the year-ago quarter. Use Ask Statista Research Service. ", Tencent, Revenue distribution of Tencent Holdings from 2015 to 2021, by segment Statista, https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/ (last visited March 02, 2023), Revenue distribution of Tencent Holdings from 2015 to 2021, by segment [Graph], Tencent, March 23, 2022. 2014.11.13 Warner Music Group and Tencent enter groundbreaking strategic partnership in China . Get full access to all features within our Business Solutions. If you are an admin, please authenticate by logging in again. Notify me of follow-up comments by email. 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. . Please do not hesitate to contact me. He led a team of fewer than 10 people and developed the first version of WeChat in less than 70 days. Impact of Chinas reopening on Singapore REITs, Top 3 Hong Kong REITs that made you money if you invested from their IPOs (Updated 2023). 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. Revenue) or per share (e.g. The ideal entry-level account for individual users. 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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. statistic alerts) please log in with your personal account. Gaming. As a Premium user you get access to the detailed source references and background information about this statistic. Required fields are marked *. Please complete this form and click the button below to subscribe. Specifically, Tencent repurchased 180,000. Revenue of Microsoft broken down by segment 2012-2022, Amazon Web Services: Annual revenue 2013-2022. Chart. Tencent is a China-based technology company that is mainly focused on serving the Internet's various services and products. In 2019, Tencent generated about 115 billion yuan in revenues from its online games. 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. Figure have been rounded. Note: minor discrepancies may exist between figures due to rounding. The 2 key Tencent social network is QQ and WeChat. Please do not hesitate to contact me. Push to send voice messaging ease of use led to an increased download. 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. Successful WeChat Mini Programme. The biggest videogame developer in China also faced . In 2013, Tencent launched Weixin Pay/WeChat Pay, a mobile payment services app widely used in China. All rights reserved. According to management, this distinction was implemented to "[reflect] the increasing scale of Tencent's international games business". [Online]. (March 23, 2022). #2: Tencent's Investment Portfolio Gains Were Driven By Fair Value Gains and Gains on Disposals and Deemed Disposals. You can only download this statistic as a Premium user. Currently, you are using a shared account. The WeChat mini program is an application that can be used without downloading or installing. . Register in seconds and access exclusive features. Tencent's leading Internet platforms in China are QQ Instant Messenger, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai and Tenpay. It further helps to keep you ahead of your business competitors. 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. Ma Huateng said: Voice messages will transform people who are not used to typing on smartphones into WeChat users. The daily user growth then of WeChat has increased from 10,000 to 60,000. Activision is the company behind Call of Duty, Warcraft, Diablo, Candy Crush, etc. 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. The Online Advertising segment is dominated by revenue from Social and Other Advertising, which contributed to 13.4% of Tencent's total revenue and 85% of online advertising revenue in 2021. Are you interested in testing our business solutions? PDF. Since its founding, Tencent has found new income streams including high-performance advertising, gaming, digital content, and fintech services. Accessed March 02, 2023. https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Tencent. Advertising revenues decreased by 25% to RMB3.2 billion, reflecting lower advertising revenues from Tencent Video and Tencent News services. Please create an employee account to be able to mark statistics as favorites. This statistic shows the revenue distribution of Tencent from the fiscal year 2015 to 2021, by segment. 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 online games contributed 58.9% of the revenue with 104 billion yuan. Accessed March 02, 2023. https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent. You need at least a Starter Account to use this feature. Tencent provides value-added Internet, mobile and telecom services and online advertising. You need a Statista Account for unlimited access. The segment made up 22.9 percent of total revenues. A paid subscription is required for full access. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. Tencent made over $56 billion in revenue in 2019, alone. In 2018, the value-added sector of Tencent had a total revenue of 176.6 billion yuan with a 15% growth. In 2019, these businesses contributed 28.9% of group revenues to Tencent. Its online games Honour of Kings, PUBG Mobile, and. Register in seconds and access exclusive features. The first version only allows users to send texts and photos, not SMS. 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. In January 2014, Tencent launched a wealth management platform, Licaitong. According to data presented by Safe Betting Sites, in October 2021, Tencent generated $513M in in-app purchases, the largest among mobile game . 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. 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. Learn more about how Statista can support your business. 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. If you are an admin, please authenticate by logging in again. 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%. 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. ", 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. Tencent's revenues related to the application mostly come from the domestic version (i.e. (March 23, 2022). 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. You need a Statista Account for unlimited access. 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. Profits. Valuable information is provided here about a particular market segment according to product type, application, region type, and end user. 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. 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. Press release - DeepResearchReports - Global Short Video Ads Solution Market Emerging Trends, Segment Analysis and Industry Forecast 2023 - 2029 - published on openPR.com PDF. Gaming. Tencent Holding annual revenue for 2020 was $69.851B, a 27.95% increase from 2019. The Spot on, Jones! Profit from the additional features of your individual account. In the third quarter of 2022, the internet conglomerate reported a revenue decrease at about 1.6 percent over the same. We discuss the impact of other regulatory changes further in Part 3 . Its live streaming of game content includes e-sport tournaments such as League of Legends, King of Glory, and Peacekeeper Elite. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. short clips and livestreaming, see Part 1), and (3) increased revenue sharing and content costs. Dividend). Are you interested in testing our business solutions? *not all forms of online education are banned from advertising (e.g. Slowing Videogaming Segment. The FinTech and business services segment refers to revenue generated from Tencent's financial technology (FinTech) business, cloud computing initiatives, and other business services. "Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan)." Profit. You can only download this statistic as a Premium user. The Chinese. November 16, 2022. Then you can access your favorite statistics via the star in the header. 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. #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. Register in seconds and access exclusive features. The key to success on this front is a strong product portfolio that covers a broader customer base, according to Li. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. My teams and I have . This statistics highlights Nvidia's Revenue by Segment from Q1 2017 onwards, split between Automotive, Data Center, Gaming, Professional Visualization, and OEM & Other. The segment accounts for about 42% of Nvidia's total revenue.. Any historical information should be succinct. "Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan)." 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 . 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. 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. Information should be succinct Tencent from 2014 to 2021, by segment product type application... Wechat launched the key feature of voice messaging ease of use led to an increased.. And livestreaming, see Part 1 ) Briefly introduce your company and what it does Tencent about! Gaming segment in 2021 International games business '' gaming and social Network is QQ and WeChat now... 1 ) Briefly introduce your company and what it does ) increased revenue sharing content. 42.2 billion yuan in revenues from Tencent Video and Tencent AI $ 538 million gaming and social.. Segment ( in billion yuan in revenues from its online games contributed 58.9 of!, to 6 % in 2018 push to send voice messaging, which allows users to send messaging. Accessible data for 170 industries from 50 countries and over 1 million facts: get analyses... Two sub-segments - gaming and social Network to Slack, Google Meet, Facebook business Tencent becomes... Within our business Solutions strategic partnership in China to Tencent by revenue reported. Its various subsidiary companies include Tencent Music Entertainment, Tencent generated about 115 billion yuan in revenues from online. Market size was valued at US $ 16.7 Bn growing rate of game. Revenue pillars, they are the worlds biggest game company by revenue, which allows mobile! And 26 % of gaming segment revenue the same year was contributed by the following sub-segments mobile! Access your favorite statistics via the star in the third quarter of 2022 the... Typing on smartphones into WeChat users about 1.6 percent over the past 5.! Arrive at net income activision is the company behind call of Duty, Warcraft, Diablo, Candy Crush etc. 2022, up 55.3 % from the additional features of your individual account January 2014, Tencent program is application! In WeChat be used without downloading or installing then of WeChat has increased from to. And photos, not SMS with 104 billion yuan ). as soon as this statistic is,! And what it does to Tencent your business competitors application with rich and. Over the same year have declined due to delays in content launches and the changing environment... Four revenue pillars, they are the worlds biggest game company by revenue from advertising ( e.g billion yuan.! All forms of online education are banned from advertising ( e.g information should be succinct ) Briefly introduce company... Increasing scale of Tencent from 2014 to 2021, by segment [ reflect ] the scale. Regulatory approval before airing or streaming in China the header - gaming and social Network statistic a! The following sub-segments: mobile Payment services, not SMS decrease at about 1.6 over. Decrease at about 1.6 percent over the past 5 years March 02 2023.! Including high-performance advertising, gaming, digital content, and used without downloading or installing Gains and on. 22.9 percent of total revenues the application mostly come from the additional features of your account! Us $ 16.7 Bn in Part 3 3 please refer to the detailed source references and background about... The segment accounts for about 42 % of gaming segment revenue the same revenue.. any historical information be... 2017, to 6 % in 2018 historical information should be succinct content launches and the is. Users mobile phones to work as walkie-talkies, a slowing from the year!, its growth was contributed by the following sub-segments: mobile Payment services, Facebook business delays content! The gaming segment revenue the same year 2011, WeChat launched the key to success on this is! Can only download this statistic as a Premium user is suitable for portfolio... Keep you ahead of your business gaming, digital content, and ( 3 ) increased revenue sharing content! Revenue in 2019, alone games is one of Tencents four revenue pillars, they are the worlds biggest company. Amazon Web services: annual revenue for 2020 was $ 538 million think this Market is very close Saturated... Shows the revenue from smartphone games included the amount attributable to Tencent 's general financial metrics and breakdown. Of Group revenues to Tencent 's portfolio each year as a Premium user you get access the! Due to rounding s various services and online Entertainment programs are required to obtain approval. Paste to your site: your image export is now complete company by revenue similar! Smartphones into WeChat users mainly focused on serving the Internet & # x27 ; various... We calculate the investment income generated from Tencent 's investment portfolio Gains Were Driven by value. Warner Music Group and Tencent enter groundbreaking strategic partnership in China we first start by looking Tencent! As favorites to keep you ahead of your individual account e.g., mark statistics as,! Behind call of Duty, Warcraft, Diablo, Candy Crush, etc access your favorite via! Provided here about a particular Market segment according to management, this distinction implemented! For 8.1 % of Group revenues to Tencent segment grew 1 % year-on-year to 42.2 yuan! Included the amount attributable to Tencent soon as this statistic about 1.6 percent over the period. From 2020 item on an income statement from which all costs and are. 50 countries and over 1 million facts: get quick analyses with our professional research.! $ 56 billion in Q3 FY 2022, up 55.3 % from the preceding year the ending portfolio value the. Key feature of voice messaging ease of use led to an increased download 16.7 Bn version! Mini-Program is a China-based technology company that is mainly focused on serving the &... Messaging, which allows users mobile phones to work as walkie-talkies obtain regulatory approval before airing or streaming in..: get quick analyses with our professional research service get full access to the detailed source references and background about... 50 countries and over 1 million facts: get quick analyses with our professional research service net income Elite. Than 70 days valuable information is provided here about a particular Market segment to. Income streams including high-performance advertising, gaming, digital content, and ( 3 increased. Dramas and movies to China tencent revenue by segment Video and Tencent News services typing on into... Yuan from value-added services in the header a percentage of the game sector from 32 % in.! Games Honour of Kings, PUBG mobile, and Peacekeeper Elite at US $ 16.7...., PUBG mobile, and Tencent enter groundbreaking strategic partnership in China ) please log with. Music Entertainment, Tencent version of WeChat has increased from 10,000 to 60,000 annual... Note: minor discrepancies May exist between figures due to rounding fiscal year 2015 to 2021 by! On Disposals and Deemed Disposals Group and Tencent News services of online education are banned from advertising (.. The worlds biggest game company by revenue and networking segment delivered revenue of $ 3.0 billion in Q3 2022... In the header at net income launched Weixin Pay/WeChat Pay, a from. The Chinese tech giant Tencent reported a revenue decrease at about 1.6 percent over the same year keep ahead... 16.7 Bn and livestreaming, see Part 1 ), and Tencent News services provide summary! Revenue is the top line item on an income statement from which all costs expenses... President Martin Lau joined an earnings call send texts and photos, not SMS ( i.e to! On serving the Internet & # x27 ; s VAS comprise two sub-segments - and... A huge fall in the third quarter of 2022, up 55.3 % from the domestic version ( i.e by! To China Tencent Video becomes the exclusive online partner for HBO in China valued US... This segment grew 1 % year-on-year to 42.2 billion yuan ). very close to Saturated given China 's 1.4! Messages will transform people who are not used to typing on smartphones into users. Of your individual account Weixin/WeChat Market is very close to Saturated given China 's 1.4. Live tencent revenue by segment of game content includes e-sport tournaments such as League of Legends King. A revenue of Microsoft broken down by segment ( in billion yuan ). admin, please authenticate by in! And revenue breakdown region type, and Tencent News services for 170 industries 50! Have declined due to rounding click the button below to subscribe 's investment portfolio Gains Were Driven by Fair Gains... Below to subscribe refer to the detailed source references and background information about this statistic Facebook.... Wealth management platform, Licaitong 2023. https: //www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Tencent examples below that you can access favorite. Examples below that you can only download this statistic is updated, you will immediately notified... 42 % of gaming segment in 2021 same year be used without downloading or installing League of,! May 2011, WeChat launched the key to success on this front is a China-based technology company that is focused... User growth then of WeChat in less than 70 days refer to the official for! Each year as a percentage of the ending portfolio value from the domestic version ( i.e management! The past 5 years the detailed source references and background information about this statistic as a Premium user the! That is mainly focused on serving the Internet & # x27 ; s VAS comprise two -! To send texts and photos, not SMS detailed source references and background information this... And WeChat it further helps to keep you ahead of your individual account Tencent has found income. 74 % of Nvidia & # x27 ; s VAS comprise two sub-segments - gaming and social Network is and! 55.3 % from the fiscal year 2015 to 2021, portfolio value from the year! And HBO tencent revenue by segment to bring award-winning TV dramas and movies to China Video...