The FinTech and business services segment refers to revenue generated from Tencent's financial technology (FinTech) business, cloud computing initiatives, and other business services. Profit from the additional features of your individual account. (March 23, 2022). For the full year, revenue in the segment was up 3% to $1.33 billion. 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. Do GDP and stock index ETFs actually grow in tandem? Lau added Tencent will add a new. If you are an admin, please authenticate by logging in again. 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). In the fourth quarter of 2019, overseas gaming revenue has more than doubled year-on-year and accounted for 23% of online game revenue. Are you interested in testing our business solutions? In contrast, Media Advertising accounted for only 2.4% of total revenue and 15% of online advertising revenue. Hasbro's Wizards of the Coast & Digital Gaming Segment saw revenue increase 22% YOY in Q4 to $339 million. $34.4B. The market tends to be driven solely by the domestic players in the near-term Accessed March 02, 2023. https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Tencent. However, more people will choose to store money in Alipay due to financial services like investment products, Yuebao, Yulibao, funds, gold, stocks, and other financial management tools.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[250,250],'investpit_com-leader-1','ezslot_15',124,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-leader-1-0'); A recent leak revealed a test version of a mobile digital currency app reportedly developed by one of Chinas largest state-owned banks, the Agricultural Bank of China. Cloud Services. You can only download this statistic as a Premium user. #3: Domestic Games Contributed To Nearly A Quarter Of Tencent's Total Revenues, In Contrast To 8.1% For International Games. Learn more about how Statista can support your business. Need help with Tencent SWOT & PESTLE Analysis? statistic alerts) please log in with your personal account. Tencent Games is one of Tencents four revenue pillars, they are the worlds biggest game company by revenue. Tencent, which gets 32% of its revenue from video games, unveiled more than 60 new titles at its annual video gaming conference last week. 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. Discover how to invest in dividend stocks and REITs, and create your very own dividend machine. Revenue) or per share (e.g. There is also business functionality of QQ that is somewhat similar to Slack, Google Meet, Facebook Business. Tencent Cloud Revenue Growth Rate in Anti-DDoS System (ADS) Platform Business (2018-2023) Figure 59. Tencent. 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. Tencent reported its slowest quarterly revenue growth on record in the fourth quarter of 2021. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Statista. As a result, shareholders earnings have increased from RMB5.2 billion in 2009 to RMB93.3 billion in 2019. 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. 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 person in charge of research and development was Zhang Xiaolong, who was then the person in charge of the mobile version of QQ Mail. 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. In, Tencent. At the current price of nearly HKD600, is Tencent still a good buy? Get full access to all features within our Business Solutions. Assets. 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Second, sales in 2019 was affected by the unpredictability in the broadcast schedules of its media platforms like Tencent video and Tencent news. In this article, we walk through Tencent's financial statistics and business metrics. The 2 key Tencent social network is QQ and WeChat. 3 Please refer to the official announcement for details. Media Advertising revenues decreased by 4% -on-year yearto RMB3.5 billion, primarily due to lower advertising revenues from Tencent News app. 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. Tencents business is very diversified. Your email address will not be published. You can only download this statistic as a Premium user. Statista. 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. Tencent is a China-based technology company that is mainly focused on serving the Internet's various services and products. Currently, you are using a shared account. 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. The launch date is still unknown and it will take a while for merchants to adopt the new digital currency if launched. Management points out a general increasing trend in advertiser demand for the Weixin platform, while advertising revenue from Tencent's media platforms (e.g. 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. This business is the key contributor of growth to its online advertising revenues as it achieved a CAGR of 57.1% over the past four years in revenues from RMB8.7 billion in 2015 to RMB52.9 billion in 2019. Business Solutions including all features. This statistic shows the revenue distribution of Tencent from the fiscal year 2015 to 2021, by segment. 4 From the third quarter of 2021, we disclose revenues from Domestic Games and International Games as new sub-segments under The particularly large discrepancy between investment portfolio value and the fair value of publicly listed shares in 2020 is likely due to the rapid rise in Chinese stock prices that year, as well as significant increases in other stocks which Tencent held and/or still holds (e.g. 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. Register in seconds and access exclusive features. Tencent's revenue breakdown by business segment is relatively stable from year to year, with Value-Added Services (VAS) contributing to just over half of the company's total revenue each year, followed by the FinTech and Business Services segment accounting for 26% to 30% of annual revenue, and Online Advertising contributing 15% to 18% of revenues. Enter your email address to receive FREE weekly investment insights, stock analysis, case studies & more! 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. FinTech Services revenue growth primarily reflected increasing commercial Activision is the company behind Call of Duty, Warcraft, Diablo, Candy Crush, etc. * The revenue from smartphone games included the amount attributable to Tencent's social networks business. In 2005, his previous product Foxmail was acquired by Tencent. SoundHound Just Got $100M From . It still has a user base of 612 million users. We examine this more granular breakdown below. In May 2011, WeChat launched the key feature of voice messaging, which allows users mobile phones to work as walkie-talkies. 199811" "Founded in 1998, Tencent is an Internet-based platform company using technology to enrich the lives of Internet users and assist the digital upgrade of enterprises. 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). In, Tencent. On 3 April 2020, Tencent acquired 16.5 million Class B ordinary shares of Huya Inc. for US$262.6 million. #6: Tencent's Gross Profit Margin Is Relatively Constant While Operating Profit Margin Shows Greater Fluctuation. May 23, 2022 The Chinese entertainment tycoonTencent reported a total revenue of 174.3 billion yuan from online games in 2021. Show publisher information [Online]. Tencent, the biggest gaming company in the world has released it's Q4 2019 and the year's full earnings report. have declined due to delays in content launches and the changing regulatory environment. 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. Its online games Honour of Kings, PUBG Mobile and Peacekeeper Elite. 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. Tencent's first quarter revenue across all business segments fell by 0.12% from a year ago to 135.47 billion yuan also coming in below FactSet estimates for 140.82 billion yuan. 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. Advertising revenues decreased by 25% to RMB3.2 billion, reflecting lower advertising revenues from Tencent Video and Tencent News services. MOBA segment, League of Legends, and Honor of Kings are the 2 major hits for Tencent. Slowing Videogaming Segment. Baidu Inc. BIDU. Due to the ecosystem of mini-programs, people will use WeChat Pay for transportation, food, etc. Use Ask Statista Research Service. As of 2019. Tesla). To use individual functions (e.g., mark statistics as favourites, set The segment made up 22.9 percent of total revenues. Tencent. 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. 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). Gaming. Tencent Holdings Limited is headquartered in Shenzhen, the People's Republic of China. Tencent's Business Segments Tencent's corporate structure is divided into six different groups. 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. Over the same period, Tencent generated RMB578.8 billion in operating cash flow which signifies high quality of earnings. Comparing the five REIT ETFs listed in Singapore: Which should you pick? In this article, Ill summarise Tencents business segments, financial performance, and its recent investment in Huya. My teams and I have . . They also acquired another one million Class B ordinary shares of Huya Inc. from Mr. Dong Rongjie, CEO of Huya Inc. (price undisclosed). 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). This statistic is not included in your account. You need at least a Starter Account to use this feature. You need at least a Starter Account to use this feature. We calculate the investment income generated from Tencent's portfolio each year as a percentage of the ending portfolio value from the preceding year. Use Ask Statista Research Service. The ideal entry-level account for individual users. I help EdTech, FinTech and Technology companies break through growth stagnation by creating AI-first, data driven products, market expansion, and global strategic partnerships. Access to this and all other statistics on 80,000 topics from, Show sources information Specifically, Tencent repurchased 180,000. 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). Please do not hesitate to contact me. Any investment involves the taking of substantial risks, including (but not limited to) complete loss of capital. March 23, 2022. It further helps to keep you ahead of your business competitors. According to management, this distinction was implemented to "[reflect] the increasing scale of Tencent's international games business". In 2020, Tencent made two transactions to increase its equity stake in Huya Inc., a leading live game streaming platform in China. 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 . The company's gross profit, operating income, and net income have also been increasing steadily over the time period. 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. We first start by looking at Tencent's general financial metrics and revenue breakdown. Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) [Graph]. Please check your download folder. [Online]. . As a Premium user you get access to background information and details about the release of this statistic. Rich functions and interesting gameplay make QQ one of the most popular social platforms for young users in China. to incorporate the statistic into your presentation at any time. Zhang recognized there is a gap in a short video content as WeChat has become very textbase in the public account. $931.9M. We discuss the impact of other regulatory changes further in Part 3 . Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. In 2019, Tencent generated RMB15.5 billion in media advertising revenues, a 15.4% decline from RMB18.3 billion in 2018. The Chinese tech giant Tencent continues to generate more revenue. 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. Tencent has in recent years spent heavily on making original content and licensing programs as it competes with Baidu's iQiyi video streaming . Since the initial outbreak in Wuhan, the COVID-19 pandemic has brought many changes to our daily lives and caused disruptions to both businesses and economies worldwide. The Spot on, Jones! Then you can access your favorite statistics via the star in the header. Tencent achieved a 10-year CAGR of 40.7% and 33.6% in its group revenues and shareholders earnings respectively. You only have access to basic statistics. In 2018, the value-added sector of Tencent had a total revenue of 176.6 billion yuan with a 15% growth. Please create an employee account to be able to mark statistics as favorites. to incorporate the statistic into your presentation at any time. Then you can access your favorite statistics via the star in the header. Tencent. As of 23 November 2020, Tencents market capitalisation stood at HK$5.6 trillion. As a Premium user you get access to the detailed source references and background information about this statistic. Tencent's VAS comprise two sub-segments - Gaming and Social Network. Since then, it has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019. (November 16, 2022). Revenue growth in its fintech and business services segment slowed to 10% in the first . As a Premium user you get access to the detailed source references and background information about this statistic. Given a history of +5-10% revenue growth, and . 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. Weixin). Tencent Holdings is a Chinese technology conglomerate holding company that was founded in November 1998. The remainder of VAS revenue is reported as a combined sum of the Communication and Social and Digital Content sub-segments which together comprise 21% of total revenue. Tencent News and Tencent Video, see Part 1) have declined due to delays in content launches and the changing regulatory environment. We turn to examine Tencent's additional reported business metrics: (1) the number of users on its Weixin, WeChat, and QQ platforms (see Part 1), and (2) the number of paid subscriptions the company has on its media platforms. Every user can use the video within 1 minute, or 9 pictures or less, to create content anytime, anywhere, and share life and world with more people. Content as WeChat has become very textbase in the public account * the revenue distribution of Tencent 's financial and! With a CAGR of 40.7 % and 33.6 % in the near-term Accessed March 02, 2023. https:,. Rmb17+ billion in operating cash flow which signifies high quality of earnings in 1998. 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