The top 10 gaming companies made $126bn in revenue last year.
That’s according to a new report by Newzoo, shared by Venturebeat.
Chinese giant Tencent is at the top, with a revenue of $32.2bn. It’s followed by Sony ($18.2bn) and Apple ($15.3bn).
Microsoft and Google round out the top five, with $12.9bn and $11.0bn in revenue respectively.
Activision Blizzard and Nintendo are in joint eighth place with $8.1bn.
Changes in revenue compared to the previous financial year aren’t huge, with Newzoo stating that acquisitions will likely be the biggest differentiator in driving growth.
To that end, what’s interesting is that had mergers occurred earlier, Microsoft and Activision Blizzard’s combined revenue would have boosted the pair above Sony to take second place.
Further, if Take-Two already owned mobile publisher Zynga, it would’ve made the top 10.
Newzoo also noted Microsoft’s growth (9.6 percent) compared with Nintendo’s 1.9 percent and Sony’s drop (2.3 percent). It attributes this to the success of Game Pass, where Sony and Nintendo have struggled following the pandemic boom of 2020.
Last month we reported that Xbox had taken global market share with its Xbox Series X/S consoles.
Nintendo and Sony have this week shared their financial reports, including struggling console sales.
Will you support Eurogamer?
We want to make Eurogamer better, and that means better for our readers – not for algorithms. You can help! Become a supporter of Eurogamer and you can view the site completely ad-free, as well as gaining exclusive access to articles, podcasts and conversations that will bring you closer to the team, the stories, and the games we all love. Subscriptions start at £3.99 / $4.99 per month.
Ed Nightingale
News reporter
Ed is Reporter at Eurogamer, with an interest in streaming, people and communities, and giving a voice to marginalised people.
Please enable JavaScript to see comments.
American Truck Simulator's massive California overhaul continues in latest update
City refreshes, new roads, scenery, and more!
Acclaimed anti-grav racer Redout is currently free on the Epic Games Store
Alongside Prey and Jotun: Valhalla Edition.
5
Game grading company Wata accused of manipulating retro game market in new lawsuit
And of "engaging in unfair business practices".
9
Genshin Impact dev reveals new game Zenless Zone Zero with debut trailer
ZZZ…
6
American Truck Simulator's massive California overhaul continues in latest update
City refreshes, new roads, scenery, and more!
Fortnite Funding Station locations – How to use Funding Stations
Cast your vote.
Acclaimed anti-grav racer Redout is currently free on the Epic Games Store
Alongside Prey and Jotun: Valhalla Edition.
5
Digital Foundry | AMD Fidelity FX Super Resolution 2.0: the new Radeon upscaler is genuinely impressive
FSR 2.0 vs native resolution rendering – and DLSS.
16
Premium only | Listen as we digest the week in Weekly episode two
Skim-reading the features, reviews, news and videos for you.
Premium only | Off Topic: I want Netflix to spend all its money on game shows
You've been Bamboozled!
2
Supporters only | Letter from the editor: When nostalgia ain’t what it used to be
Retro grade.
3
Premium only | Off Topic: On the subtle mystery of Sam & Dave Dig a Hole
Spectacular.
Buy things with globes on them
And other lovely Eurogamer merch in our official store!
Bad puns and video games since 1999.
Copyright © 2022 Gamer Network Limited, a ReedPop company.
All rights reserved. No part of this site or its content may be reproduced without the permission of the copyright holder.
