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. Gaming. 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. Produced 450+ financial articles featured on KCLau.com in Malaysia and The Fifth Person, Value Invest Asia, and Small Cap Asia in Singapore. Tencent News and Tencent Video, see Part 1) have declined due to delays in content launches and the changing regulatory environment. 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%. "Annual gaming revenue of Tencent in 2021, by segment (in billion yuan)." You need at least a Starter Account to use this feature. 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. Likewise, the large drop in fair value of listed shares in 2021 is presumably due to the tumble in Chinese stocks following the year's eventful regulatory developments. Statista. 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. Then you can access your favorite statistics via the star in the header. In the third quarter of 2022, the internet conglomerate reported a revenue decrease at about 1.6 percent over the same. In 2021, Tencent generated revenues of approximately 291.6 billion yuan from the internet value-added services segment such as online games. 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). Use Ask Statista Research Service. A paid subscription is required for full access. Use Ask Statista Research Service. 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. As a Premium user you get access to the detailed source references and background information about this statistic. 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. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Dividend investor. 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. In 2005, his previous product Foxmail was acquired by Tencent. March 1, 2022 6:29 AM | 1 min read. If you are an admin, please authenticate by logging in again. Media Advertising revenues decreased by 4% -on-year yearto RMB3.5 billion, primarily due to lower advertising revenues from Tencent News app. Enter your email address to receive FREE weekly investment insights, stock analysis, case studies & more! Tencent provides value-added Internet, mobile and telecom services and online advertising. One of the main drawbacks the company has is its weak marketing strategies. Use Ask Statista Research Service. On January 21, 2011, WeChat was officially released. With inflation soaring, consumers became more frugal with their spending. 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. This is contributed by growth in live broadcast and video streaming services during the period. 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. Tencent Holdings is a Chinese technology conglomerate holding company that was founded in November 1998. Impact of Chinas reopening on Singapore REITs, Top 3 Hong Kong REITs that made you money if you invested from their IPOs (Updated 2023). . The 2 key Tencent social network is QQ and WeChat. 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. WeChat wants to empower everyone to create content. Dividend). March 23, 2022. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. 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). to incorporate the statistic into your presentation at any time. 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. ) Advertising revenues decreased by 25% to RMB3.2 billion, reflecting lower advertising revenues from Tencent Video and Tencent News services. 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. ) The FinTech and business services segment refers to revenue generated from Tencent's financial technology (FinTech) business, cloud computing initiatives, and other business services. Chart. Gaming Advertisement It commenced accelerated computing to solve the most challenging computational problems. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Tencent reported its slowest quarterly revenue growth on record in the fourth quarter of 2021. 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). Its live streaming of game content includes e-sport tournaments such as League of Legends, King of Glory, and Peacekeeper Elite. Gaming. The market tends to be driven solely by the domestic players in the near-term Your email address will not be published. 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. WeChat has 3.2 million mini programs on its platform, which transacted 1.6 trillion RMB in 2020. PDF. Any historical information should be succinct. Domestic Games accounted for 23% of Tencent's total revenue and 74% of revenue from the gaming segment in 2021. It further helps to keep you ahead of your business competitors. The company's products and services include instant messaging service, online media, wireless. In, Tencent. 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. Need help with Tencent SWOT & PESTLE Analysis? You can only download this statistic as a Premium user. You only have access to basic statistics. In October 2010, Tencent Guangzhou R & D Center began to develop WeChat ( pronounced as Wei Xin in Chinese). As a Premium user you get access to background information and details about the release of this statistic. As of 23 November 2020, Tencents market capitalisation stood at HK$5.6 trillion. The Chinese. Required fields are marked *. (March 23, 2022). Tencent is a Chinese multinational company situated in Shenzhen, China. The fall in sales was attributable to two main factors. Founded in 1998, Tencent connects over one billion users through its communications and social platforms, namely Weixin and QQ. Note: minor discrepancies may exist between figures due to rounding. 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). Profits. If you are an admin, please authenticate by logging in again. The compute and networking segment delivered revenue of $3.0 billion in Q3 FY 2022, up 55.3% from the year-ago quarter. statistic alerts) please log in with your personal account. Push to send voice messaging ease of use led to an increased download. Tencent Holding annual revenue for 2021 was $86.818B, a 24.29% increase from 2020. In 2021, Tencent recorded total revenue of RMB560.1 billion and operating income of RMB271.6 billion Please complete this form and click the button below to subscribe. . As soon as this statistic is updated, you will immediately be notified via e-mail. You need at least a Starter Account to use this feature. Get full access to all features within our Business Solutions. Tencent revenue has been posting strong growth over the past 5 years. Get full access to all features within our Business Solutions. Register in seconds and access exclusive features. Are you interested in testing our business solutions? 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. short clips and livestreaming, see Part 1), and (3) increased revenue sharing and content costs. As soon as this statistic is updated, you will immediately be notified via e-mail. Co-founder Pony Ma and president Martin Lau joined an earnings call. 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. Statista. 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. It is looking to launch a mobile version of its League. You need at least a Starter Account to use this feature. Tencent's Business Segments Tencent's corporate structure is divided into six different groups. As a Premium user you get access to the detailed source references and background information about this statistic. statistic alerts) please log in with your personal account. FinTech Services revenue growth primarily reflected increasing commercial Accessed March 02, 2023. https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent. 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. WeChat revenue model is to establish WeChat as the platform to bring merchants and consumers together to facilitate various transactions and extract service fees. The biggest videogame developer in China also faced . 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. Over the past 6 months, the stock has traded down approximately 30% from $100/share. 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