March 1, 2022 6:29 AM | 1 min read. Use Ask Statista Research Service. (March 23, 2022). To use individual functions (e.g., mark statistics as favourites, set The FinTech and business services segment refers to revenue generated from Tencent's financial technology (FinTech) business, cloud computing initiatives, 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. One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). This statistic is not included in your account. Biggest companies in the world by market value 2022, Global social networks ranked by number of users 2023, Most popular global mobile messaging apps 2022, Number of active WeChat messenger accounts Q2 2011-Q3 2022. Show publisher information Tencent Holding annual revenue for 2021 was $86.818B, a 24.29% increase from 2020. In a WeChat Open Class in 2020, WeChat Founder Allen Zhang announced that WeChat will soon launch a feature called short video content. 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). Cite your source. SoundHound Just Got $100M From . Assets. In 2021, Tencent generated revenues of approximately 291.6 billion yuan from the internet value-added services segment such as online games. In this note we discuss Electronic Arts' business model, its revenue segments, sales trends, and forecast. 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. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. 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). Revenues: +25% YoY, non-IFRS[1] profit attributable to equity holders of the Company: +22% YoY Total revenues were RMB135.3 billion ( USD20.6 billion[2] ), an increase of 25% over the first. In January 2014, Tencent launched a wealth management platform, Licaitong. "Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan)." The online games contributed 58.9% of the revenue with 104 billion yuan. You only have access to basic statistics. 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. ", Tencent, Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) Statista, https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/ (last visited March 02, 2023), Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) [Graph], Tencent, March 23, 2022. Merchants increase channels and sales, and users are more convenient. Revenue climbed 20% to 138.3 billion yuan, in line with expectations. Cloud Services. 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 . Learn more about how Statista can support your business. Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) [Graph]. So, how did Tencent fare during the first half of 2020? Note: for the purposes of this article and series, we use the terms Weixin and WeChat interchangeably. Tencents VAS comprise two sub-segments Gaming and Social Network. [Online]. The year 2018 marked a change in its revenue structure. 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The key to success on this front is a strong product portfolio that covers a broader customer base, according to Li. If you are an admin, please authenticate by logging in again. "Annual Gaming Revenue of Tencent in 2021, by Segment (in Billion Yuan). Business Solutions including all features. The market tends to be driven solely by the domestic players in the near-term Tencent Holding annual/quarterly revenue history and growth rate from 2011 to 2021. 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 . It is only inflation, all other dependent on inflation. Are you interested in testing our business solutions? Chart. Ma Huateng said: Voice messages will transform people who are not used to typing on smartphones into WeChat users. The daily user growth then of WeChat has increased from 10,000 to 60,000. #1: The Weixin/WeChat Market Is Saturated, While QQ is Declining in Popularity. Annual revenue of Tencent from 2014 to 2021,. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. It still has a user base of 612 million users. 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