Note: the online advertising industry faced significant changes in terms of regulatory environment over the past year, the most significant of which pertains to the crackdown on K-12 education organizations (see, ). Given a history of +5-10% revenue growth, and . 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. In 2019, it has a total revenue 377.3B ($53.52 B). The overview should not exceed half a page double-spaced. Analysis Media Advertising. Are you interested in testing our business solutions? Baidu Inc. BIDU. Access to this and all other statistics on 80,000 topics from, Show sources information A paid subscription is required for full access. In 2019, Tencent derived 53% of group revenues from its VAS businesses. WeChat has 3.2 million mini programs on its platform, which transacted 1.6 trillion RMB in 2020. Tencent made over $56 billion in revenue in 2019, alone. (March 23, 2022). 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. Show publisher information Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Its online games Honour of Kings, PUBG Mobile, and. Business Solutions including all features. Show publisher information The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Tencents business model: How Tencent makes money. Statista. March 23, 2022. One yuan equals approximately 0.14 U.S. dollars and 0.14 euros (as of November 2022). Tencent just repurchased shares, a rarity for the company Finally, an announcement Thursday and Friday might have slipped under the noses of investors. Figure have been rounded. It is looking to launch a mobile version of its League. The Chinese giant reported continued growth in its Q4 and full-year financial results, which is expected.Total Q4 2019 generated revenue is RMB 106 billion ($15.2 billion), up 25% year-over-year. Chart. 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 revenue has been posting strong growth over the past 5 years. With inflation soaring, consumers became more frugal with their spending. Need help with Tencent SWOT & PESTLE Analysis? 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. statistic alerts) please log in with your personal account. If th Hi CG, If you currently own Singapore shares, they are eithe Hi! 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. Founded in 1998, Tencent connects over one billion users through its communications and social platforms, namely Weixin and QQ. This was due to continuous growth achieved in its VAS, fintech, and online advertising services during the period. Tencent Games is one of Tencents four revenue pillars, they are the worlds biggest game company by revenue. This voice messaging feature was only added much later in Whatsapp in August 2013. Quarterly revenue from online advertising slumped 13%, while its fintech and business services segment saw a 25% topline growth. $34.4B. 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. ) Do GDP and stock index ETFs actually grow in tandem? 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. For the full year, revenue in the segment was up 3% to $1.33 billion. [Online]. According to management, this distinction was implemented to "[reflect] the increasing scale of Tencent's international games business". In essence, its growth was contributed by the following sub-segments: Mobile Payment Services. Get full access to all features within our Business Solutions. You can only download this statistic as a Premium user. In 2019, it has a total revenue 377.3B ($53.52 B) Tencent Holdings Revenue by Year Tencent Revenue and its core channel Revenue is being broken down into the main 4 segments Tencent social network The 2 key Tencent social network is QQ and WeChat. "Annual Gaming Revenue of Tencent in 2021, by Segment (in Billion Yuan). Accessed March 02, 2023. https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Tencent. In 2020, Tencent made two transactions to increase its equity stake in Huya Inc., a leading live game streaming platform in China. 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. Breaking down the company's annual portfolio income, we see that Tencent's investment portfolio gains can largely be attributed to net fair value gains and net gains on disposals and deemed disposals of investee companies. 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. Its largest segment is Services, which accounted for 68% of total revenues in fiscal 2019. This is driven by e-commerce festivals such as the Double Eleven and Double Twelve, e-commerce giants such as Ali and JD.com. Cloud Services. Business Solutions including all features. Tencent Holdings Limited is an Internet service portal. 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. It is only inflation, all other dependent on inflation. Register in seconds and access exclusive features. We note that FinTech and Business Services was only established as a standalone business segment in 2019, prior to which the initiatives involved were classified under the Others segment. 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). Operating profit for the segment was $538 million. 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. Tencent Activision Blizzard Sega Electronic Arts Apple Ubisoft Zynga Square Enix NetEase Games NEXON NCSoft Bandai Namco Holdings Total Market by Segment: Global Online Game Market Segment. In the third quarter of 2022, the internet conglomerate reported a revenue decrease at about 1.6 percent over the same. In 2019, these businesses contributed 28.9% of group revenues to Tencent. Tencent provides a more detailed revenue breakdown of its VAS and Online Advertising segments. As of 23 November 2020, Tencents market capitalisation stood at HK$5.6 trillion. In contrast, Media Advertising accounted for only 2.4% of total revenue and 15% of online advertising revenue. [Online]. Nvidia Corporation is an American multinational technology company. Tencent Holdings Limited is headquartered in Shenzhen, the People's Republic of China. #2: Fee-Based VAS Subscriptions Grew 75.6% Over The Past Five Years. Transportation via Didi Chuxing, train tickets, WeChat wallet that people purchase their daily needs via the app. 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. Then you can access your favorite statistics via the star in the header. statistic alerts) please log in with your personal account. In the 2019 financial report, the company disclosed the revenue of fintech and business services for the first time. Financial content machine. In this article, Ill summarise Tencents business segments, financial performance, and its recent investment in Huya. To use individual functions (e.g., mark statistics as favourites, set Tencent, the biggest gaming company in the world has released it's Q4 2019 and the year's full earnings report. Each voice message cannot exceed 60 seconds. It can be used without downloading and installing. Sales from mobile games grew 13%. Are you interested in testing our business solutions? You only have access to basic statistics. You can only download this statistic as a Premium user. 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. 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. 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 . Please do not hesitate to contact me. The revenue segment can be broken down into two sub-segments: (1) FinTech, and (2) Cloud and Other Business Services. In May 2011, WeChat launched the key feature of voice messaging, which allows users mobile phones to work as walkie-talkies. 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. Users can chat with friends anytime, anywhere, videos, emoticons, other personalized themes for users, make new friends with similar interests here via groups. Co-founder Pony Ma and president Martin Lau joined an earnings call. Advertising revenues decreased by 25% to RMB3.2 billion, reflecting lower advertising revenues from Tencent Video and Tencent News services. Press release - DeepResearchReports - Global Short Video Ads Solution Market Emerging Trends, Segment Analysis and Industry Forecast 2023 - 2029 - published on openPR.com We think this market is very close to saturated given China's total 1.4 billion population. 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