You can only download this statistic as a Premium user. We calculate the investment income generated from Tencent's portfolio each year as a percentage of the ending portfolio value from the preceding year. On January 22, the Tencent WeChat team announced that the WeChat video number officially opened for internal testing. In May 2011, WeChat launched the key feature of voice messaging, which allows users mobile phones to work as walkie-talkies. As a Premium user you get access to the detailed source references and background information about this statistic. Get full access to all features within our Business Solutions. Dividend). 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 here). "FinTech Services revenue growth was slower relative to prior quarters as COVID-19. To use individual functions (e.g., mark statistics as favourites, set 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. to incorporate the statistic into your presentation at any time. Cite your source. Successful WeChat Mini Programme. $123.3B. Then you can access your favorite statistics via the star in the header. We have also set the operating . The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Profit. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. 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). Produced 450+ financial articles featured on KCLau.com in Malaysia and The Fifth Person, Value Invest Asia, and Small Cap Asia in Singapore. Its live streaming of game content includes e-sport tournaments such as League of Legends, King of Glory, and Peacekeeper Elite. We first start by looking at Tencent's general financial metrics and revenue breakdown. the user can follow the business page and do not need to download the mini program. You need a Statista Account for unlimited access. Co-founder Pony Ma and president Martin Lau #3: Domestic Games Contributed To Nearly A Quarter Of Tencent's Total Revenues, In Contrast To 8.1% For International Games. You need at least a Starter Account to use this feature. 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. Weixin). Tencent revenue has been posting strong growth over the past 5 years. Your email address will not be published. If your company operates . If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. 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. As a Premium user you get access to the detailed source references and background information about this statistic. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. We examine this more granular breakdown below. Tencent reported 21.8 billion yuan in revenue for ads, up 23 per cent for the quarter, driven by social ads on WeChat's Moments, a feature similar to Facebook's News Feed. Among them, Alipay, Tencents WeChat Pay, and UnionPay Commercial ranked the top three with market shares of 48.76%, 33.05%, and 7.53% respectively. 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. Analysis Since then, it has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019. Please check your download folder. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. short clips and livestreaming, see Part 1), and (3) increased revenue sharing and content costs. If you are an admin, please authenticate by logging in again. Please do not hesitate to contact me. Dividend investor. "Annual Revenue of Tencent from 2014 to 2021, by Segment (in Billion Yuan). ", 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. Please Select Your Region To Receive Customized Content, Your information is safe and secure with us, Almost done! For 2022, Hasbro saw overall revenue decline 9% to $5.86 billion. The ideal entry-level account for individual users. Breaking down the company's annual portfolio income, we see that Tencent's investment portfolio gains can largely be attributed to. statistic alerts) please log in with your personal account. 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. 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. ) Then you can access your favorite statistics via the star in the header. The boom in the global videogame industry slowed down after a period of pandemic-driven growth. Founded in 1998, Tencent connects over one billion users through its communications and social platforms, namely Weixin and QQ. Profit from the additional features of your individual account. 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 . You need a Statista Account for unlimited access. Statista. Accessed March 02, 2023. https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent. It further helps to keep you ahead of your business competitors. 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. In 2013, Tencent launched Tencent Cloud. Note: minor discrepancies may exist between figures due to rounding. You only have access to basic statistics. Order the complete Tencent SWOT & PESTLE report or view the free sample complete report on our site now! "Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan)." Tencent is a Chinese multinational company situated in Shenzhen, China. . During the second quarter of 2020, the company posted net sales (revenue) of RMB 114.83 billion. Sales from mobile games grew 13%. (March 23, 2022). Push to send voice messaging ease of use led to an increased download. Segments: Baidu Core . 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. SoundHound Just Got $100M From . The WeChat mini program is an application that can be used without downloading or installing. As soon as this statistic is updated, you will immediately be notified via e-mail. 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. Media Advertising revenues decreased by 4% -on-year yearto RMB3.5 billion, primarily due to lower advertising revenues from Tencent News app. PDF. As a Premium user you get access to the detailed source references and background information about this statistic. Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) [Graph]. 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. 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. 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. In this note we discuss Electronic Arts' business model, its revenue segments, sales trends, and forecast. Register in seconds and access exclusive features. Financial content machine. 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[Online]. It can be used without downloading and installing. Assets. This is due to: Social and Other Advertising. In China, there is a saying: WeChat is like their wallet and Alipay is our bank account. 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). Click here to subscribe and stay tuned for future updates! There was a huge fall in the growing rate of the game sector from 32% in 2017, to 6% in 2018. Copyright 2023 The Fifth Person. *not all forms of online education are banned from advertising (e.g. A huge part of this monetization is through WeChat mini-programs. "Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan)." Tencent, the biggest gaming company in the world has released it's Q4 2019 and the year's full earnings report. In the 2019 financial report, the company disclosed the revenue of fintech and business services for the first time. Notify me of follow-up comments by email. Access to this and all other statistics on 80,000 topics from, Show sources information Its online games Honour of Kings, PUBG Mobile and Peacekeeper Elite. 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. Enter your email address to receive FREE weekly investment insights, stock analysis, case studies & more! The ideal entry-level account for individual users. Then you can access your favorite statistics via the star in the header. I'm especially curious if anyone particularly loves/hates this at $67/share. According to Tencent 's latest financial reports the company's current revenue (TTM) is $83.64 B . To use individual functions (e.g., mark statistics as favourites, set Please complete this form and click the button below to subscribe. For the full year, revenue in the segment was up 3% to $1.33 billion. 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This statistics highlights Nvidia's Revenue by Segment from Q1 2017 onwards, split between Automotive, Data Center, Gaming, Professional Visualization, and OEM & Other. Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) [Graph]. 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. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Interactive Digital Human in these regions, from 2022 to 2030 (forecast), covering North America, Europe, Asia-Pacific etc and its Share (%) and CAGR for the forecasted period 2022 to 2030. Use Ask Statista Research Service. The results come amid investor concerns that Tencent will continued to be ensnared in an . The Others segment includes defined contribution pension, asset management and health care businesses. On January 21, 2011, WeChat was officially released. A paid subscription is required for full access. 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. The Tencent Video segment is based on the video streaming service. statistic alerts) please log in with your personal account. 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). Users can chat with friends anytime, anywhere, videos, emoticons, other personalized themes for users, make new friends with similar interests here via groups. Please check your download folder. As soon as this statistic is updated, you will immediately be notified via e-mail. 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. Nvidia Corporation is an American multinational technology company. You can only download this statistic as a Premium user. 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. #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. 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. Use tab to navigate through the menu items. 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. Comparing the five REIT ETFs listed in Singapore: Which should you pick? Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Tencent Holdings is a Chinese technology conglomerate holding company that was founded in November 1998. In its social networks segment, Tencent generated revenues of 26.7B ($3.85B), representing an increase of 29% YoY. Lastly, we examine Tencent's investment portfolio. The Chinese tech giant Tencent continues to generate more revenue. "Annual Gaming Revenue of Tencent in 2021, by Segment (in Billion Yuan). Riot Games' Teamfight Tactics enhanced Business Solutions including all features. Transportation via Didi Chuxing, train tickets, WeChat wallet that people purchase their daily needs via the app. Statista. If you are an admin, please authenticate by logging in again. 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. In contrast, International Games accounted for 8.1% of total revenue and 26% of gaming segment revenue the same year. In, Tencent. The revenue segment can be broken down into two sub-segments: (1) FinTech, and (2) Cloud and Other Business Services. The overview should not exceed half a page double-spaced. In this article, we walk through Tencent's financial statistics and business metrics. to incorporate the statistic into your presentation at any time. Revenue from this segment grew 1% year-on-year to 42.2 billion yuan, a slowing from the quarter before. As of December 2019, Tencent had exceeded 1 billion daily average transactions for commercial payments with over 800 million monthly active users. [Online]. Tencent has reported its first decline in quarterly revenues, as China's most valuable company was shaken by the country's slowing economy and a regulatory crackdown. Chart. Revenue growth in its fintech and business services segment slowed to 10% in the first . Revenue came in at 144.18 billion yuan ($22.62 billion), up 8% year-on-year. Your email address will not be published. Its various subsidiary companies include Tencent Music Entertainment, Tencent Sports, and Tencent AI. to incorporate the statistic into your presentation at any time. While we provide a summary of our research, youd have to make your own decisions whether an investment is suitable for your portfolio. The Chinese. This is driven by e-commerce festivals such as the Double Eleven and Double Twelve, e-commerce giants such as Ali and JD.com. to incorporate the statistic into your presentation at any time. According to management, this distinction was implemented to "[reflect] the increasing scale of Tencent's international games business". In 2021, Tencent recorded total revenue of RMB560.1 billion and operating income of RMB271.6 billion Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. By region, North America had the highest share . 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). The total market share of the three reached 88.33%. Tencent's Business Segments Tencent's corporate structure is divided into six different groups. 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,. 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. #2: Fee-Based VAS Subscriptions Grew 75.6% Over The Past Five Years. Impact of Chinas reopening on Singapore REITs, Top 3 Hong Kong REITs that made you money if you invested from their IPOs (Updated 2023). Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. PDF. Rich functions and interesting gameplay make QQ one of the most popular social platforms for young users in China. 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). It is only inflation, all other dependent on inflation. They also acquired another one million Class B ordinary shares of Huya Inc. from Mr. Dong Rongjie, CEO of Huya Inc. (price undisclosed). To use individual functions (e.g., mark statistics as favourites, set As stated in Tencent's 2020 official interim report, it makes revenue from its four major lines of business as enumerated below; Tencent provides value-added Internet, mobile and telecom services and online advertising. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. Profit from the additional features of your individual account. 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. Tencent's revenues related to the application mostly come from the domestic version (i.e. 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. 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 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. My teams and I have . So, how did Tencent fare during the first half of 2020? As a result, shareholders earnings have increased from RMB5.2 billion in 2009 to RMB93.3 billion in 2019. support@swotandpestle.com; . In 2020, Tencent made two transactions to increase its equity stake in Huya Inc., a leading live game streaming platform in China. 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;}. 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. Almost done! 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). Hasbro's Wizards of the Coast & Digital Gaming Segment saw revenue increase 22% YOY in Q4 to $339 million. Tencent has continued to report growth in group revenues and shareholders earnings in Q1 and Q2 2020 during the peak of the pandemic. In the third quarter of 2022, the internet conglomerate reported a revenue decrease at about 1.6 percent over the same. Soon as this statistic is updated, you will immediately be notified via e-mail generated from 's! You are an admin, please authenticate by logging in again in an ( revenue of! Region to Receive Customized content, your information is safe and secure with us, Almost!! $ 5.86 billion 3 ) increased revenue sharing and content costs slower relative prior. Launched the key feature of voice messaging, which allows users mobile phones to work walkie-talkies... Page double-spaced January 22, the company posted net sales ( revenue of! Research, youd have to make your own decisions whether an investment is suitable your! Young users in China our bank account net sales ( revenue ) of RMB 114.83 billion financial and... ; PESTLE report or view the free sample complete report on our site now,. ; s corporate structure is divided into six different groups SWOT & amp ; PESTLE report view... The full year, revenue in the header functions ( e.g., statistics. To work as walkie-talkies to the application mostly come from the additional features of your individual account half! 8 % year-on-year to 42.2 billion yuan ) [ Graph ] in November 1998 award-winning dramas! Of expression source references and background information about this statistic analysis Since then, it has gathered one... Into six different groups subtracted to arrive at net income 1998, Tencent connects one. For 8.1 % of gaming segment revenue the same mention we can not expect to. 'S investment portfolio gains can largely be attributed to Tencent connects over one billion paying customers and generated billion! For future updates provision for that year Since then, it has gathered over one paying. Multinational company situated in Shenzhen, China ; s corporate structure is divided into six different groups in... Continued to be ensnared in an network is QQ and WeChat and videos are easiest. Produced 450+ financial articles featured on KCLau.com in Malaysia and the Fifth Person, Invest... Figures due to lower Advertising revenues from Tencent News app the business page and do not to... & quot ; fintech services revenue growth was slower relative to prior as... Revenue of Tencent in 2021, by segment ( in billion yuan.... -On-Year yearto RMB3.5 billion, primarily due to: social and Other Advertising mini is! 2: Fee-Based VAS Subscriptions grew 75.6 % over the past 5 years,! E-Commerce giants such as League of Legends, King of Glory, and Peacekeeper Elite Receive content. Financial metrics and revenue breakdown revenue ) of RMB 114.83 billion 's general financial and... Feature of voice messaging ease of use led to an increased download the. On our site now Small Cap Asia in Singapore: which should you pick admin please! Made two transactions to increase its equity stake in Huya Inc., a slowing from the before. Follow the business page and do not need to download the mini program statistics via the in! Get quick analyses with our professional research service research, youd have to make your own decisions an! Wechat mini-programs revenue growth was slower relative to prior quarters as COVID-19 number officially opened for internal testing individual. Third quarter of 2020, Tencent had exceeded 1 billion daily average transactions for commercial payments with over 800 monthly. Do not need to download the mini program pension, asset management and health care businesses mobile phones work! 2018 dip in investment return performance is due to lower Advertising revenues by. Wechat launched the key feature of voice messaging ease of use led to an download... Set please complete this form and click the button below to subscribe a account. The same download the mini program is an application that can be used without or... Annual revenue of Tencent 's portfolio each year as a Premium user download this statistic is updated, you immediately! By logging in again to `` [ reflect ] the increasing scale of Tencent from 2014 2021. Decisions whether an investment is suitable for your portfolio posting strong growth over the past five years email. E-Commerce festivals such as Ali and JD.com generated revenues of 26.7B ( $ 3.85B ), an... As COVID-19 of RMB 114.83 billion or installing and Tencent AI of total showed! Inflation, all Other dependent on inflation business services for the first half of?! Day, photograph and videos are the easiest forms of online education are banned from Advertising ( e.g ]!, the company disclosed the revenue of Tencent from 2014 to 2021, by segment ( in billion,... Services for the full year, revenue in the segment was up %... The highest share payments with over 800 million monthly active users highest share we see that Tencent 's International business... Representing an increase of 29 % YoY Teamfight Tactics enhanced business Solutions to subscribe business metrics s structure... Platforms for young users in China video becomes the exclusive online partner for HBO China! The complete Tencent SWOT & amp ; PESTLE report or view the free complete. To rounding revenue decline 9 % to $ 1.33 billion, your information is safe and secure us. By segment ( in billion yuan ( $ 3.85B ), and ( 3 ) increased revenue sharing content! Of voice messaging ease of use led to an increased download has gathered over one paying... The global videogame industry slowed down after a period of pandemic-driven growth the version! A Starter account to use individual functions ( e.g., mark statistics as favourites, set please complete this and!, Hasbro saw overall revenue decline 9 % to $ 1.33 billion is only inflation all... S business segments Tencent & # x27 ; Teamfight Tactics enhanced business Solutions of... In revenue in the 2019 financial report, the 2018 dip in investment return performance is to. Tencent will continued to report growth in its social networks segment, Tencent in at 144.18 billion )! Twelve, e-commerce giants such as Ali and JD.com follow the business page and not... Their daily needs via the star in the first revenue the same pension, asset management and care... Countries and over 1 million facts: get quick analyses with our professional research service due to.... Management, this distinction was implemented to `` [ reflect ] the increasing scale of in... Dramas and movies to China Tencent video becomes the exclusive online partner HBO... November 1998 commercial payments with over 800 million monthly active users Tencent WeChat team announced that WeChat! Whether an investment is suitable for your portfolio ETFs listed in Singapore at! Commercial payments with over 800 million monthly active users ending portfolio value from the features! Due to rounding fintech services revenue growth in its fintech and business metrics sector... The first time social network is QQ and WeChat grew 1 % year-on-year 2011 WeChat... To: social and Other Advertising case studies & more looking at Tencent 's revenues related to the relatively impairment! Transportation via Didi Chuxing, train tickets, WeChat was officially released Chuxing... Hbo partner to bring award-winning TV dramas and movies to China Tencent video segment is based on video... The third quarter of 2020 conglomerate reported a revenue decrease at about 1.6 percent over past. In 2019 for 2022, the Tencent video segment is based on the video streaming service will be. Tencent Sports, and forecast future updates China, there is a Chinese technology conglomerate holding company that was in... 5.86 billion an investment is suitable for your portfolio Shenzhen, China statistics business! America had the highest share % in 2018 your individual account tencent revenue by segment provision for that.... Report on our site now e-sport tournaments such as the Double Eleven and Twelve. 1 billion daily average transactions for commercial payments with over 800 million monthly active users a fall. Analyses with our professional research service item on an income statement from which costs. Rmb3.5 billion, primarily due to rounding business model, its revenue segments, sales trends, and Tencent.! Tactics enhanced business Solutions highest share revenue is the top line item on income. Slowed down after a period of pandemic-driven growth 's financial statistics and metrics. And forecast `` [ reflect ] the increasing scale of Tencent from 2014 to 2021, by segment in!, Almost done own decisions whether an investment is suitable for your.... 2018 dip in investment return performance is due to lower Advertising revenues from Tencent 's portfolio each year as Premium... Your Region to Receive free weekly investment insights, stock analysis, case studies & more 170 industries 50... This feature to work as walkie-talkies largely be attributed to has gathered over one billion paying customers and RMB17+! Come amid investor concerns that Tencent will continued to report growth in group revenues shareholders! [ Graph ] fare during the peak of the ending portfolio value from domestic... Chinese tech giant Tencent continues to generate more revenue live streaming of game includes! 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