Gaming companies and their overall performance are outlined by how well their products perform on store shelves and on the shelves. Others are either closed or bought out and swallowed up in a foreign company umbrella. Today it goes into various finances and profits that companies like Tencent, among others, have experienced in the market.

New report from Newzoo covers a lot of that, so let’s break down a few highlights. Clearly, Tencent remains our general master in terms of total revenue, growing 9.9% each year to over $ 32 billion by the end of last year. Tencent owns companies such as Riot Games, Remedy Entertainment and PlatinumGames, to name a few.

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Meanwhile, above in the field of consoles, Microsoft, which is ranked 4th in the public company in terms of total revenue, enjoys steady growth (an increase of 9.6%). Compared to the competition, these are the marginal growth rates of Nintendo (+ 1.9%) and in fact Sony lose some, with a loss of 2.3%, the Xbox Game Pass was the main driver for Microsoft this time with its annual recurring fees and growth, while the other two companies had different challenges to deal with.

The mobile gaming industry also grew significantly, gaining 12.5% ​​by the end of 2021. Third-ranked company Apple reported a 17.7% increase, and Google, ranked fifth, also made a profit of almost 21 %. Mobile games, to be honest, probably went better last year than consoles, which is quite shocking.

The other top 10 are also responsible for generating huge numbers in the industry. Combined with everyone else, the industry as a whole earned $ 126 billion in its name, with subscription services such as the aforementioned Xbox Game Pass contributing significantly. Given the general upward trend in the industry, things may look as if they will exceed $ 200 billion, which in itself is huge.

Of course, the combined revenue between Microsoft and Activision may be a concern for some of the organisms that are trying to prevent the merger. Who knows what will happen until the merger happens? We will continue to report on this as the stories from the Top Companies continue to evolve.

Newzoo: Top Gaming Companies Generated $121 Billion in Revenue

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