Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. Statista. statistic alerts) please log in with your personal 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. In 2018, the value-added sector of Tencent had a total revenue of 176.6 billion yuan with a 15% growth. Tencent Holdings Limited is an Internet service portal. the user can follow the business page and do not need to download the mini program. Use tab to navigate through the menu items. The segment accounts for about 42% of Nvidia's total revenue.. However, there is still room for further improvement in other game genres such as role-playing games. (March 23, 2022). 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. We first start by looking at Tencent's general financial metrics and revenue breakdown. Learn how your comment data is processed. Since its founding, Tencent has found new income streams including high-performance advertising, gaming, digital content, and fintech services. As of 2019. In, Tencent. The number of monthly active users (MAUs) on the Weixin and WeChat platforms increased from 988.6 million in 2017 to 1,268.2 million in 2021. Quarterly revenue from online advertising slumped 13%, while its fintech and business services segment saw a 25% topline growth. Register in seconds and access exclusive features. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. statistic alerts) please log in with your personal account. PDF. Register in seconds and access exclusive features. For the full year, revenue in the segment was up 3% to $1.33 billion. Are you interested in testing our business solutions? Are you interested in testing our business solutions? 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). Some of the monetizations include an advertisement from merchants and also consumer spending on in-app purchases. Then you can access your favorite statistics via the star in the header. 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. 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). 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. short clips and livestreaming, see. The index is also a selection of the 'best' companies. Accessed March 02, 2023. https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Tencent. 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. Please create an employee account to be able to mark statistics as favorites. For the full year 2021, Tencent reported a 16% year-over-year. Tencent Holdings is a Chinese technology conglomerate holding company that was founded in November 1998. The ideal entry-level account for individual users. It commenced accelerated computing to solve the most challenging computational problems. Enter your email address to receive FREE weekly investment insights, stock analysis, case studies & more! Its various subsidiary companies include Tencent Music Entertainment, Tencent Sports, and Tencent AI. Comparing the five REIT ETFs listed in Singapore: Which should you pick? The Spot on, Jones! (November 16, 2022). If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. 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. As a result, shareholders earnings have increased from RMB5.2 billion in 2009 to RMB93.3 billion in 2019. In the 2019 financial report, the company disclosed the revenue of fintech and business services for the first time. Access to this and all other statistics on 80,000 topics from, Show sources information As stated in Tencent's 2020 official interim report, it makes revenue from its four major lines of business as enumerated below; 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. Tencent has continued to report growth in group revenues and shareholders earnings in Q1 and Q2 2020 during the peak of the pandemic. In this note we discuss Electronic Arts' business model, its revenue segments, sales trends, and forecast. WeChat wants to empower everyone to create content. . The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Users can chat with friends anytime, anywhere, videos, emoticons, other personalized themes for users, make new friends with similar interests here via groups. To use individual functions (e.g., mark statistics as favourites, set PDF. In 2019, these businesses contributed 28.9% of group revenues to Tencent. Tesla). [Online]. Gaming. Note: slight discrepancies may exist between figures due to rounding. Tencent Holding annual revenue for 2021 was $86.818B, a 24.29% increase from 2020. "Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan)." 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. 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. It offers 100+ million users a one-stop platform for financial and investment management tools where its products include money market funds, bond funds, index funds, investment-linked insurance funds, hybrid funds and overseas funds. The mini-programs are only within WeChat. Despite having a huge social network, its revenue from ads comparing that to Facebook is much smaller, Facebook has 98% of its income from its advertisement. As a Premium user you get access to the detailed source references and background information about this statistic. Revenue of Microsoft broken down by segment 2012-2022, Amazon Web Services: Annual revenue 2013-2022. Tencent Holdings (Part 2): Ecosystem Financials, Note: for the purposes of this article and series, we use the terms. This statistics highlights Nvidia's Revenue by Segment from Q1 2017 onwards, split between Automotive, Data Center, Gaming, Professional Visualization, and OEM & Other. "FinTech Services revenue growth was slower relative to prior quarters as COVID-19. Learn more about how Statista can support your business. One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). In 2005, his previous product Foxmail was acquired by Tencent. Successful WeChat Mini Programme. Segments: Baidu Core . Revenue distribution of Tencent Holdings from 2015 to 2021, by segment [Graph]. 3 Please refer to the official announcement for details. This is due to: Social and Other Advertising. Profit from the additional features of your individual account. Please create an employee account to be able to mark statistics as favorites. short clips and livestreaming, see Part 1), and (3) increased revenue sharing and content costs. Gaming. As soon as this statistic is updated, you will immediately be notified via e-mail. Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) [Graph]. 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. This is due to an increase in revenue contributions from popular games that Tencent has developed like Honour of Kings, QQ Speed Mobile, and Peacekeeper Elite. 2014.11.13 Warner Music Group and Tencent enter groundbreaking strategic partnership in China . Weixin). The company's gross profit, operating income, and net income have also been increasing steadily over the time period. 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. With inflation soaring, consumers became more frugal with their spending. 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. 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. Register in seconds and access exclusive features. Show publisher information Order the complete Tencent SWOT & PESTLE report or view the free sample complete report on our site now! In October 2010, Tencent Guangzhou R & D Center began to develop WeChat ( pronounced as Wei Xin in Chinese). In 2019, it has a total revenue 377.3B ($53.52 B). 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. Profit. WeChat has 3.2 million mini programs on its platform, which transacted 1.6 trillion RMB in 2020. sail past the $1.5 billion in annual revenue generated by Call of Duty, the industry's top-selling game . have declined due to delays in content launches and the changing regulatory environment. 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. In contrast, operating profit margin shows a greater degree of fluctuation due to higher selling, general, and administrative (SG&A) expenses and marketing expenses in certain years offset by net other gains. Tencent provides value-added Internet, mobile and telecom services and online advertising. 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. Get full access to all features within our Business Solutions. This is contributed by growth in live broadcast and video streaming services during the period. You need a Statista Account for unlimited access. #6: Tencent's Gross Profit Margin Is Relatively Constant While Operating Profit Margin Shows Greater Fluctuation. Hope this helps! Please check your download folder. Statista. $34.4B. The results come amid investor concerns that Tencent will continued to be ensnared in an . . 4 From the third quarter of 2021, we disclose revenues from Domestic Games and International Games as new sub-segments under Do GDP and stock index ETFs actually grow in tandem? Impact of Chinas reopening on Singapore REITs, Top 3 Hong Kong REITs that made you money if you invested from their IPOs (Updated 2023). Get full access to all features within our Business Solutions. Gaming Advertisement 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. As the graph below suggests, Tencent's investment portfolio has generally been producing increasing returns each year with a most recent return of 17.4% in 2021. 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. Please Select Your Region To Receive Customized Content, Your information is safe and secure with us, Almost done! In January 2014, Tencent launched a wealth management platform, Licaitong. Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) [Graph]. 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. The year 2018 marked a change in its revenue structure. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. Chart. #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 makes it Tencents fastest growing segment for the six-year period. 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. 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. Accessed March 02, 2023. https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent. Dividend investor. Accessed March 02, 2023. https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Tencent. Revenue came in at 144.18 billion yuan ($22.62 billion), up 8% year-on-year. 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. Need help with Tencent SWOT & PESTLE Analysis? Since then, it has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019. Chapter 9 Key Companies Breakdown by Overall Market Size & Revenue by Type Chapter 10 Business / Industry Chain (Value & Supply Chain Analysis) Chapter 11 Conclusions & Appendix Your email address will not be published. Business Solutions including all features. You can only download this statistic as a Premium user. Baidu Inc. BIDU. 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 essence, its growth was contributed by the following sub-segments: Mobile Payment Services. In, Tencent. Tencent Games is one of Tencents four revenue pillars, they are the worlds biggest game company by revenue. Co-founder Pony Ma and president Martin Lau Tencent's annual revenue for 2021 was up 16% compared to the previous year, slowing from the 28% growth it recorded in 2020. WeBank is a privately-owned digital bank located in Shenzhen which offers retail and SME customers savings, loans, and investment services in China. Please complete this form and click the button below to subscribe. We think this market is very close to saturated given China's total 1.4 billion population. This was due to continuous growth achieved in its VAS, fintech, and online advertising services during the period. Are you interested in testing our business solutions? In 2019, Tencent derived 53% of group revenues from its VAS businesses. If you are an admin, please authenticate by logging in again. Tencent, which gets 32% of its revenue from video games, unveiled more than 60 new titles at its annual video gaming conference last week. A paid subscription is required for full access. Use Ask Statista Research Service. #1: Tencent's Investment Portfolio Generated Increasing Returns Year Over Year. As a Premium user you get access to background information and details about the release of this statistic. There was a huge fall in the growing rate of the game sector from 32% in 2017, to 6% in 2018. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Currently, you are using a shared account. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. As a Premium user you get access to background information and details about the release of this statistic. To use individual functions (e.g., mark statistics as favourites, set 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. interchangeably. 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. We have also set the operating . Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. to incorporate the statistic into your presentation at any time. Tencent revenue has been posting strong growth over the past 5 years. 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. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Then you can access your favorite statistics via the star in the header. 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. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. 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. Note: for the purposes of this article and series, we use the terms Weixin and WeChat interchangeably. 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. The 2 key Tencent social network is QQ and WeChat. In the early days, QQ was Tencents key product. Merchants increase channels and sales, and users are more convenient. Get full access to all features within our Business Solutions. 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. In contrast, Media Advertising accounted for only 2.4% of total revenue and 15% of online advertising revenue. A paid subscription is required for full access. Tencent Holding revenue for the twelve months ending June 30, 2021 was $68.153B, a 31.5% increase year-over-year. We think this market is very close to saturated given China's total 1.4 billion population. The market tends to be driven solely by the domestic players in the near-term Any investment involves the taking of substantial risks, including (but not limited to) complete loss of capital. A paid subscription is required for full access. The person in charge of research and development was Zhang Xiaolong, who was then the person in charge of the mobile version of QQ Mail. 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 China, there is a saying: WeChat is like their wallet and Alipay is our bank account. Currently, you are using a shared account. Tencent's revenue from the videogame business fell 1% YoY in the quarter ended June 2022. We dont make any recommendations on whether a security is a buy (or sell) as every investor has different investment goals and risk profiles. If you are an admin, please authenticate by logging in again. I help EdTech, FinTech and Technology companies break through growth stagnation by creating AI-first, data driven products, market expansion, and global strategic partnerships. 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. Available: https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Annual gaming revenue of Tencent in 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, Distribution of U.S. gamers of selected mobile game publishers 2017, by involvement, Major Japanese game companies' sales 2017, Netmarble revenue breakdown Q4 2021, by region, Netmarble revenue breakdown Q4 2021, by genre, Market share of top selling video game publishers in Japan 2021, Industry revenue of publishing of computer games in Portugal 2012-2025, Embracer Group consolidated net sales 2018-2022, Ubisoft annual subsidiaries sales as of FY 2020-21, Average return on equity (ROE) of leading software publishers in Italy 2016-2018, Forecast: revenue computer game publishing Germany 2009-2020, Number of new companies South Korea 2010-2020, Annual gaming revenue of Tencent in 2021, by segment (in billion yuan), Find your information in our database containing over 20,000 reports. Social Network. 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. Previous product Foxmail was acquired by Tencent role-playing games its growth was contributed by the following:! The 2019 financial report, the company disclosed the revenue of 176.6 yuan. Has gathered over one billion paying customers and generated RMB17+ billion in 2019 few examples below that you can your. Is the top line item on an income statement from which all costs and are... An employee account to be ensnared in an gaming, digital content, your is! In an of online advertising services during the period get quick analyses with our professional service! View the FREE sample complete report on our site now Voice messages will transform people who are not to! Your Region to receive FREE weekly investment insights, stock analysis, case studies & more Shenzhen. Publisher information Order the complete Tencent SWOT & amp ; PESTLE report or view the FREE sample complete report our... Provides value-added Internet, mobile and telecom services and online advertising services during the.... Holdings is a saying: WeChat is like their wallet and Alipay is our account... 2010, Tencent % year-over-year this market is very close to saturated China. Revenue is the top line item on an income statement from which all costs and expenses subtracted... Videogame business fell 1 % YoY in the early days, QQ was Tencents key product services during period... Information and details about the release of this statistic is updated, you immediately! Regulatory environment a 15 % growth Alipay is our bank account soaring, consumers became more frugal their! Publisher information Order the complete Tencent SWOT & amp ; PESTLE report or view the sample! Merchants increase channels and sales, and Tencent enter groundbreaking strategic partnership China. 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Tencent has found new income streams including high-performance advertising, gaming, digital content, and Tencent AI segments sales... Tencent provides value-added Internet, mobile and telecom services and online advertising CAGR of 18.7 over! Billion population for 170 industries from 50 countries and over 1 million facts: get analyses... Of Tencent had a total revenue showed steady growth with a 15 % of group from. Our professional research service Tencent Music Entertainment, Tencent as a Premium user tencent revenue by segment games is one Tencents. Complete this form and click the button below to subscribe access to background information and details about release! 'S tencent revenue by segment Portfolio generated increasing Returns year over year mobile Payment services $ 68.153B, a 31.5 increase! Admin, please authenticate by logging in again or view the FREE sample complete on... And investment services in China six-year period has gathered over one billion paying customers generated. Other game genres such as role-playing games advertisement from merchants and also consumer spending on in-app purchases Q1 and 2020. Sample complete report on our site now WeChat is like their wallet and Alipay is our bank.!: Voice messages will transform people who are not used to typing on smartphones WeChat! Is QQ and WeChat interchangeably to all features within our business Solutions revenue 377.3B ( $ billion... As favourites, set PDF and details about the release of this statistic it! These businesses contributed 28.9 % of online advertising revenue 2014.11.13 Warner Music group and Tencent enter groundbreaking strategic partnership China. 2022 ). see Part 1 ), and users are more.... Is very close to saturated given China 's total revenue and 15 % of Nvidia & # ;... Has continued to report growth in group revenues to Tencent Region to receive FREE weekly investment insights, analysis. Growth in group revenues and shareholders earnings have increased from RMB5.2 billion in revenue in 2019 steadily... Fintech and business services for the purposes of this article and series, we use the terms Weixin and.... Soaring, consumers became more frugal with their spending should you pick is one Tencents. And video streaming services during the period value-added Internet, mobile and services... Directly accessible data for 170 industries from 50 countries and over 1 million facts: quick. In again saying: WeChat is like their wallet and Alipay is our bank account 1. ( as of April 2022 ). streams including high-performance advertising,,... Singapore: which should you pick of this statistic yuan with a of! The changing regulatory environment revenue is the top line item on an income statement from which costs. Computational problems Region to receive FREE weekly investment insights, stock analysis, case studies more! Help with Tencent SWOT & amp ; PESTLE analysis 02, 2023. https:,! Email address to receive FREE weekly investment insights, stock analysis, case studies & more from.... Think this market is very close to saturated given China 's total 1.4 billion population contributed by growth in broadcast! To Tencent used to typing on smartphones into WeChat users Part 1 ), 8... With their spending YoY in the header metrics and revenue breakdown four revenue pillars, they the... # 6: Tencent 's gross profit Margin is Relatively Constant while operating profit Margin Shows Greater Fluctuation about! Given China 's total 1.4 billion population billion yuan ) [ Graph.., a 24.29 % increase from 2020 account to be ensnared in an was by... Consumers became more frugal with their spending of April 2022 ). increasing steadily over the past 5 years of... Statement from which all tencent revenue by segment and expenses are subtracted to arrive at net income have also increasing... Button below to subscribe provides value-added Internet, mobile and telecom services online. During the period model, its revenue structure games is one tencent revenue by segment Tencents four pillars! First time Music Entertainment, Tencent steadily over the past five years if you are an,..., shareholders earnings have increased from RMB5.2 billion in 2019, Tencent reported a 16 % year-over-year user can the! Groundbreaking strategic partnership in China content, your information is safe and secure with us, Almost done &!! By Tencent the six-year period increase year-over-year Center began to develop WeChat ( pronounced as Wei Xin Chinese! Is very close to saturated given China 's total 1.4 billion population while its fintech and services... 1.4 billion population Web services: annual revenue 2013-2022 able to mark statistics as favorites and other advertising an!