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Top 20 Biggest Gaming Companies By Revenue

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Of the 80 largest video game companies, 18 are based in the United States, 12 in China, 12 in Japan, and 10 in South Korea.

Certain major companies such as Valve Corporation are not included in this list. This is primarily because Valve is a privately held company and does not publicly disclose detailed financial statements or revenue reports.




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Weird and unexpected. I would've thought Xbox would be biggest and maybe tencent second.
 
edit: saw the quote.. ignore.

I do wonder how Valve would stack up against the rest considering their market share in PC.
 
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edit: saw the quote.. ignore.
Same. Was super surprised Valve wasn't on here.

Still insanely surprised Sony is somehow first. Must be shit like Destiny I guess?

Would have expected Nintendo to be higher, too. But I guess they don't chase GaaS as much, which is where the real money is.
 
Kinda surprised I dont know about some of those that are bigger than Squarenix but interesting overall. Also didnt realize that Bandai Namco was that baller
 
Kinda surprised I dont know about some of those that are bigger than Squarenix but interesting overall.
Which ones? Playtika?
BTW, Square Enix here is Square Enix Holdings (Square Enix Co., Ltd., Taito, and non-gaming business). Square Enix Co., Ltd. itself is a lot lower.
 
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Same. Was super surprised Valve wasn't on here.

Valve's a private company so I don't think anyone knows how much they really make. But I wouldn't be surprised if it's not as much as you think, mostly because I suspect Valve's cut of non-Valve GAAS revenue is not high.

Plus they let publishers sell keys for free. Who knows of the % of sales they are losing by doing that.
 
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Huh, I assumed Nintendo would be first or second because of Pokemon, where do Sony and Microsoft get most of their revenue from? "Services"?
 
Huh, I assumed Nintendo would be first or second because of Pokemon, where do Sony and Microsoft get most of their revenue from? "Services"?
Third-party and PSN for Sony. Game Pass and general PC for Xbox. And don't forget, Xbox got Minecraft, WoW and Call of Duty now, which brings in serious dough.

Imagine all the Call of Duty, Madden and FIFA money that rolls back to Sony. That's the biggest honeyhole in the console business, without Xbox in the console picture, Playstation is rolling in third-party cash.

Nintendo doesn't do much third-party, and Pokemon is not counted as Nintendo money, that's the Pokemon company. Nintendo makes far more from their first-party than the others, but opted out of the high-end tech to carve their own niche where they live and die based on their own products and not third-party.
 
Huh, I assumed Nintendo would be first or second because of Pokemon, where do Sony and Microsoft get most of their revenue from? "Services"?

They make most of their money from software, both their own but more importantly the 30% cut they take from every game, DLC and microtransaction sold on their platform.
In 2024 they made more money from microtransactions and digital and physical games combined (that's why everyone is chasing GAAS).
Nintendo sells a ton of their own software on Switch but they miss out on not having very strong third party support. Sony gets a ton of money from stuff like COD and GTA without really doing anything.

That said, as far as I know Nintendo tends to have higher profit margins (that's where pokemon selling like 20 million units at full price while being made with a budget of a $10 7Eleven gift card probably helps).
 
It's fucking crazy just how big tencent is by revenue, when you realise that they outsell two hardware and platform providers (MSFT & Nintendo), who all make money from hardware sales, first party software sales, third party software sales on their platforms, as well as all sorts of other streams (IP licensing, merchandising etc).

I would love to see a breakdown of their revenues.

I bet a metric ton of it comes from big mobile gatcha + SaaS successes.
 
Pretty expected list, but if I had to guess, the order would have been a bit different.

I would have guessed SEGA in the top 15-20.
 
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