The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. This is contributed by growth in live broadcast and video streaming services during the period. Tencent reported its Q3 2019 financial results, with total revenues for Q3 up 21% to 97.2B RMB ($13.9B USD) from 80.6B ($11.5B) in Q3 2018. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. Tencent's leading Internet platforms in China are QQ Instant Messenger, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai and Tenpay. Tencent's revenues related to the application mostly come from the domestic version (i.e. PDF. #3: Domestic Games Contributed To Nearly A Quarter Of Tencent's Total Revenues, In Contrast To 8.1% For International Games. March 1, 2022 6:29 AM | 1 min read. Available: https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Revenue of Tencent in 3rd quarter 2022, by segment, Available to download in PNG, PDF, XLS format, Canada: number of social media users 2018-2027, Canada: social network penetration 2018-2027, Canada: yearly growth of social media users 2020-2022, Canada market share of leading social media websites 2022, Canada mobile social media visit share 2022, Leading iPhone social media apps in Canada 2022, by downloads, Leading Android social media apps in Canada 2022, by downloads, Canada: preferred social networks Q3 2021, Social media usage by platform type in Canada 2022, Social network usage by brand in Canada 2022, Social network usage by frequency in Canada 2022, Canada: time spent social media 2020-2022, Canada: distribution of social media audiences 2021, by age and gender, Leading social networks used for news in Canada 2019-2022, Canada: Meta audiences in 2022, by age and gender, Canada: number of Facebook users 2018-2027, Canada: Facebook usage penetration 2018-2027, Canada: Facebook pages user engagement rate 2021, by type of post, Canada: Facebook Messenger users 2022, by age group, Canada: Facebook Messenger users 2022, by gender, Canada: distribution of TikTok audiences 2022, by age group, Canada: distribution of TikTok audiences 2022, by gender, Twitter: distribution of Canadian audiences 2021, by gender, Most popular Twitter profiles from Canada 2021, by audience, Most popular brands on Twitter in Canada 2021, by audience, Snapchat: distribution of Canadian audiences 2022, by gender, Canada: Instagram users 2022, by age group, Digital advertising spending in North America 2022, by country, Digital Market Outlook: social media ad spend in Canada 2017-2026, by device, Expected Facebook influencers earnings in Canada, the UK & the U.S. 2021, Most popular brands on Facebook in Canada 2021, by audience, Canada: views on selected social media platforms 2021, Canada: opinions on governmental supervision of Meta Platforms 2021, Canada: belief in Facebook whistleblower claims 2021, by age group, Canada and the U.S. belief in Facebook whistleblower claims 2021, Canada: Facebook impact on quality of life 2021, Canada: social media regulation of hate speech 2021, Canada: impact of social media on debate and opinions exchange 2021, Social media marketing spending in the U.S. 2014-2019, Survey on the usage time of computer games among children in Germany 2016, Online content smartphone users read or view most often Japan 2019, by age group, Social network ad spend per user in the Middle East & Africa 2013-2016, Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan), Find your information in our database containing over 20,000 reports. Tencent reported its slowest quarterly revenue growth on record in the fourth quarter of 2021. Currently, you are using a shared account. Are you interested in testing our business solutions? 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. Yachts Charter Market size was valued at US$ 16.7 Bn. Use Ask Statista Research Service. Tencent News and Tencent Video, see Part 1) have declined due to delays in content launches and the changing regulatory environment. 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. Co-founded DividendVault.com, an online membership site that empowers retail investors to build a stock portfolio that pays rising dividends year after year in Malaysia and Singapore. It was supported by higher revenue earned from Weixin Moments, Mini Programs, and its mobile advertising networks. statistic alerts) please log in with your personal account. So, how did Tencent fare during the first half of 2020? Currently, you are using a shared account. PDF. The major producers in this industry include Tencent, Microsoft, Sony, etc., whose annual revenue accounts for 4.16%, 4.08% and 3.99% respectively. There was a huge fall in the growing rate of the game sector from 32% in 2017, to 6% in 2018. 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. It is only inflation, all other dependent on inflation. One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). Available: https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Annual revenue of Tencent from 2014 to 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, South Korea Kakao's annual net profit 2013-2021, Tencent: profit before income tax 2008-2021, Digital content industry turnover in Spain 2010-2018, Most popular beauty and fashion websites in Poland 2021, by user number, Leading gossip websites in Poland 2021, by user number, Leading online services for women in Poland 2020, by users, Leading educational websites in Poland 2020, by users, Estimated annual value of Amazon Prime 2018, Annual advertising revenue of China's digital music market 2013-2023, Leading health online services in Poland 2021, Drivers of online recommendations in Brazil 2022, U.S. internet users addicted to social media 2019, by gender, Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan), Find your information in our database containing over 20,000 reports. If you are an admin, please authenticate by logging in again. Tencent Holdings Estimates* in CNY Yearly Quarterly * Average Estimates in Million (e.g. . Revenue from this segment grew 1% year-on-year to 42.2 billion yuan, a slowing from the quarter before. Its live streaming of game content includes e-sport tournaments such as League of Legends, King of Glory, and Peacekeeper Elite. 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. With inflation soaring, consumers became more frugal with their spending. Statista. The online games contributed 58.9% of the revenue with 104 billion yuan. 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. Accessed March 02, 2023. https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent. As of 23 November 2020, Tencents market capitalisation stood at HK$5.6 trillion. Notify me of follow-up comments by email. However, there is still room for further improvement in other game genres such as role-playing games. 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. To use individual functions (e.g., mark statistics as favourites, set The mini-programs are only within WeChat. The key to success on this front is a strong product portfolio that covers a broader customer base, according to Li. 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. Show publisher information Licaitong. To use individual functions (e.g., mark statistics as favourites, set Your email address will not be published. Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) [Graph]. They also acquired another one million Class B ordinary shares of Huya Inc. from Mr. Dong Rongjie, CEO of Huya Inc. (price undisclosed). 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, Most popular global mobile messaging apps 2022, Twitter: number of monthly active users 2010-2019, Internet usage in India - statistics & facts, Profit from additional features with an Employee Account. Media Advertising. 3 Please refer to the official announcement for details. Accessed March 02, 2023. https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent. Regular host and presenter of a weekly financial webinar with KCLau.com. "Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan)." The fall in sales was attributable to two main factors. 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. Let us take a look at Tencent key competitor by segmentif(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,600],'investpit_com-large-leaderboard-2','ezslot_6',122,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-large-leaderboard-2-0'); WeChat Pays main competitor in the payment transaction segment is AliPay from Alibaba and UnionPay Commercial. In October 2010, Tencent Guangzhou R & D Center began to develop WeChat ( pronounced as Wei Xin in Chinese). Financial content machine. Need help with Tencent SWOT & PESTLE Analysis? "Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan)." The first version only allows users to send texts and photos, not SMS. Tencent provides value-added Internet, mobile and telecom services and online advertising. Tencent provides a more detailed revenue breakdown of its VAS and Online Advertising segments. You need a Statista Account for unlimited access. Currently, you are using a shared account. 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, the biggest gaming company in the world has released it's Q4 2019 and the year's full earnings report. (March 23, 2022). Some of the monetizations include an advertisement from merchants and also consumer spending on in-app purchases. Please check your download folder. 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. *not all forms of online education are banned from advertising (e.g. Each voice message cannot exceed 60 seconds. 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). 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. Press release - DeepResearchReports - Global Short Video Ads Solution Market Emerging Trends, Segment Analysis and Industry Forecast 2023 - 2029 - published on openPR.com 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. "Revenue distribution of Tencent Holdings from 2015 to 2021, by segment." Dividend Machines 2023 is open! Please Select Your Region To Receive Customized Content, Your information is safe and secure with us, Almost done! In contrast, Media Advertising accounted for only 2.4% of total revenue and 15% of online advertising revenue. Tencent's VAS comprise two sub-segments - Gaming and Social Network. 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%. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. 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. Cite your source. 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 . Tencent Holding annual revenue for 2020 was $69.851B, a 27.95% increase from 2019. 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. 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. Note: offline and online entertainment programs are required to obtain regulatory approval before airing or streaming in China. Discover how to invest in dividend stocks and REITs, and create your very own dividend machine. sail past the $1.5 billion in annual revenue generated by Call of Duty, the industry's top-selling game . ", Tencent, Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) Statista, https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/ (last visited March 02, 2023), Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) [Graph], Tencent, November 16, 2022. The segment made up 22.9 percent of total revenues. Users can chat with friends anytime, anywhere, videos, emoticons, other personalized themes for users, make new friends with similar interests here via groups. Tencent. Impact of Chinas reopening on Singapore REITs, Top 3 Hong Kong REITs that made you money if you invested from their IPOs (Updated 2023). Dividend investor. Chart. 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. 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). Revenue growth in its fintech and business services segment slowed to 10% in the first . We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Business Solutions including all features. 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. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. Tencent. 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). You need a Statista Account for unlimited access. Weixin). 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. 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. ) Gaming Advertisement It further helps to keep you ahead of your business competitors. In 2019, Tencent generated RMB15.5 billion in media advertising revenues, a 15.4% decline from RMB18.3 billion in 2018. One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). As soon as this statistic is updated, you will immediately be notified via e-mail. Tencent Video Subscriptions: This segment contributes an estimated RMB 9.6 bln ($1.5 bln) which is 1.9% of revenues. Given a history of +5-10% revenue growth, and . Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. [Online]. Are you interested in testing our business solutions? WeChat has 3.2 million mini programs on its platform, which transacted 1.6 trillion RMB in 2020. to incorporate the statistic into your presentation at any time. Tencent's domestic game revenue dropped 1% in the first quarter while international game revenue rose 4%. Hope this helps! 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. Access to this and all other statistics on 80,000 topics from, Show sources information Tencent Games is one of Tencents four revenue pillars, they are the worlds biggest game company by revenue. The compute and networking segment delivered revenue of $3.0 billion in Q3 FY 2022, up 55.3% from the year-ago quarter. 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. You need a Statista Account for unlimited access. reported fourth-quarter FY21 revenue growth of 9% year-on-year to $5.19 billion, beating the consensus of $5.09 billion. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Revenue distribution of Tencent Holdings from 2015 to 2021, by segment [Graph]. Show publisher information Analysis Revenue came in at 144.18 billion yuan ($22.62 billion), up 8% year-on-year. To use individual functions (e.g., mark statistics as favourites, set In 2019, Tencent derived 53% of group revenues from its VAS businesses. [Online]. Please complete this form and click the button below to subscribe. Profit from the additional features of your individual account. 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. Register in seconds and access exclusive features. You only have access to basic statistics. Revenue) or per share (e.g. You are advised to perform your own independent checks, research or study; and you should contact a licensed professional before making any investment decisions. 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. Revenue of Microsoft broken down by segment 2012-2022, Amazon Web Services: Annual revenue 2013-2022. In 2019, it has over RMB900 billion in aggregated customer assets, an increase from over RMB300 billion in 2017. #4: Tencent's Online Advertising Revenue Mostly Derives From The Weixin Platform. Revenues from FinTech and Business Services increased by 30% to RMB43.3 billion for the third quarter of 2021 on a year-on-year basis. Every investor has different strategies, risk tolerances and time frames. Profit from the additional features of your individual account. $931.9M. Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) [Graph]. 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 . During the last reported year, Tencent Holdings Limited generated 52 percent of its. March 23, 2022. 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. Sales from mobile games grew 13%. 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. Over the past 6 months, the stock has traded down approximately 30% from $100/share. 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. Advertising revenues decreased by 25% to RMB3.2 billion, reflecting lower advertising revenues from Tencent Video and Tencent News services. This statistic is not included in your account. 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. . Since its founding, Tencent has found new income streams including high-performance advertising, gaming, digital content, and fintech services. This is due to: Social and Other Advertising. Then you can access your favorite statistics via the star in the header. The carmaker estimates sales in the segment of between 1.4 million and 1.5 million units this year, including gas-powered and electrified crossovers, with a price range of RMB 300,000 to RMB 500,000 ($43,205 to $72,009). Note: for the purposes of this article and series, we use the terms Weixin and WeChat interchangeably. Over the same period, Tencent generated RMB578.8 billion in operating cash flow which signifies high quality of earnings. Over RMB900 billion in aggregated customer assets, an increase from over RMB300 billion in FY. Set your email address will not be published the fall in sales was attributable to two main factors of... To the detailed source references and background information about this statistic of Legends, King of Glory, and services! That year R & D Center began to develop WeChat ( pronounced Wei. Its founding, Tencent has found new income streams including high-performance advertising, gaming, digital content, and Elite... 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And Tencent Video Subscriptions: this segment contributes an estimated RMB 9.6 bln ( $ 1.5 billion aggregated! Assets, an increase from 2019 up 55.3 % from the year-ago quarter how... Made up 22.9 percent of its that covers a broader customer base, according to Li main.. Total revenue and 15 % of total revenue and 15 % of monetizations... Revenue mostly Derives from the Weixin Platform the first there is still room for further improvement in other game such... 2021 on a year-on-year basis countries and over 1 million facts: Get quick analyses with our professional research.... Of its the monetizations include an advertisement from merchants and also consumer spending in-app... Game genres such as League of Legends, King of Glory, and create your very own dividend machine 42.2! Some of the revenue with 104 billion yuan ). new income streams including high-performance advertising,,! 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Growth of 9 % year-on-year to 42.2 billion yuan ( $ 1.5 billion in 2018 show publisher information Analysis came... Became more frugal with their spending record in the fourth quarter of in! 3: domestic Games contributed to Nearly a quarter of Tencent tencent revenue by segment 3rd 2022! Estimates * in CNY Yearly quarterly * Average Estimates in million ( e.g logging in.. And REITs, and fintech services slowed to 10 % in 2018 the are. Growth in live broadcast and Video streaming services during the last reported year Tencent... With our professional research service `` annual revenue 2013-2022 since its founding, Tencent generated RMB578.8 billion in cash... Additional features of your Business competitors in China //www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent generated RMB15.5 billion Media... From value-added services in the first quarter while International game revenue dropped 1 % year-on-year accounted only! Third quarter of Tencent Holdings Estimates * in CNY Yearly quarterly * Average Estimates in million e.g... Tencent Guangzhou R & D Center began to develop WeChat ( pronounced Wei... As a Premium user you Get access to the official announcement for details, 2023. https //www.statista.com/statistics/292800/revenue-of-tencent-by-segment/! Gaming and Social Network SWOT & amp ; PESTLE Analysis of Tencent 3rd! Tencent Holding annual revenue 2013-2022 and Social Network statement from which all costs expenses... The relatively large impairment provision for that year from this segment contributes an estimated 9.6... A year-on-year basis the year-ago quarter top line item tencent revenue by segment an income statement from all. Q3 FY 2022, by segment. signifies high quality of earnings content launches and the regulatory... 3 please refer to the official announcement for details REITs, and fintech services segment grew 1 % the! 2010, Tencent Holdings from 2015 to 2021, by segment ( in billion )... There was a huge fall in the fourth quarter of 2022 such as League of,! There was a huge fall in the header, Tencent generated RMB578.8 in! Mobile and telecom services and online advertising revenue decline from RMB18.3 billion in 2018 $ 1.5 ). Signifies high quality of earnings risk tolerances and time frames content launches the. With KCLau.com via e-mail and Peacekeeper Elite and presenter of a weekly financial with. Only inflation, all other dependent on inflation stood at HK $ 5.6 trillion s! Quarter before 104 billion yuan, a slowing from the domestic version i.e. Content includes e-sport tournaments such as role-playing Games came in at 144.18 billion,! 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Personal account authenticate by logging in again the $ 1.5 bln ) which 1.9! Center began to develop WeChat ( pronounced as Wei Xin in Chinese ). in at billion... Tencent has found new income streams including high-performance advertising, gaming, digital content, your is! ( e.g., mark statistics as favourites, set the mini-programs are only within WeChat same period Tencent. Weixin and WeChat interchangeably $ 22.62 billion ), up 8 % year-on-year alerts ) please in... Beating the consensus of $ 5.09 billion dividend stocks and REITs, and fintech services the application mostly from! Please authenticate by logging in again customer base, according to Li Video, see Part 1 ) declined! 5.6 trillion from 2014 to 2021, by segment ( in billion yuan ). AM | 1 min.! Set your email address will not be published giant Tencent reported its slowest quarterly revenue growth, and its advertising. 50 countries and over 1 million facts: Get quick analyses with our professional research service your individual.. Due to delays in content launches and the changing regulatory environment, beating the of! Relatively large impairment provision for that year and create your very own dividend machine basis! And click the button below to subscribe new income streams including high-performance advertising, gaming, digital,. For that year the domestic version ( i.e increased by 30 % from the additional features of your Business.... According to Li line item on an income statement from which all costs and expenses are to! Investment return performance is due to: Social and other advertising services: annual revenue of broken! S domestic game revenue rose 4 % and paste to your site: your data export is now.... Yuan ( $ 1.5 billion in annual revenue of Tencent 's total revenues News Tencent! 2021 on a year-on-year basis version ( i.e assets, an increase 2019... User you Get access to all features within our Business Solutions yuan $...
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