In this article, we will discuss the 5 largest video game publishers by revenue in the world. If you want to read our analysis about the video gaming industry and the largest publishers in the video gaming industry, you can proceed to the section highlighting the 20 Largest Video Game Publishers by Revenue in the World.
5. Sea Limited (NYSE:SE)
Latest Twelve Month Revenue: $13.10 billion
Sea Limited (NYSE:SE) is a Singaporean multinational technology conglomerate known for its e-commerce, gaming, and digital financial services businesses. Sea Limited’s (NYSE:SE) revenue for the twelve months ending on December 31, 2023, was $13.10 billion, up 4.9% year-over-year, of which $510.77 million was generated from its digital entertainment business known as Garena. Some of the popular games published by Sea Limited (NYSE:SE) include League of Legends, Heroes of Newerth, Arena of Valor, Speed Drifters, and Free Fire.
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4. NetEase, Inc. (NASDAQ:NTES)
Latest Twelve Month Revenue: $14.08 billion
NetEase, Inc. (NASDAQ:NTES) is a Chinese technology company and is one of the world’s largest video game publishing companies, its popular games include Identity V, Knives Out, LifeAfter, Eggy Party, and Wuxia MMO Justice. In February 2024, Blood Strike was the most downloaded mobile game published by NetEase, Inc. (NASDAQ:NTES) with around 100,000 downloads globally. NetEase, Inc.’s (NASDAQ:NTES) revenue for the twelve months ending September 30, 2023, was $14.08 billion, reflecting a 3.57% decline year-over-year. NetEase, Inc. (NASDAQ:NTES) reported net revenue of $10.32 billion from its games and related value-added services for the fiscal year ending December 31, 2022.
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3. Tencent Holdings Limited (HKG:0700)
Latest Twelve Month Revenue: $73.37 billion
Tencent Holdings Limited (HKG:0700) is a Chinese multinational conglomerate holding company incorporated in the Cayman Islands for tax purposes. Tencent Holdings Limited (HKG:0700) is one of the largest companies known for its various internet-related services and products, including gaming. Some of the popular games Tencent Holdings Limited (HKG:0700) published include PUBG Mobile, League of Legends, CrossFire, Fortnite, and Clash of Clans. Tencent Holdings Limited’s (HKG:0700) revenue for the twelve months ending June 30, 2022, was $73.37 billion, indicating a 34.41% increase year-over-year. For the year ended 31 December 2022 Tencent Holdings Limited (HKG:0700) reported revenue of $6.48 billion from its international gaming services.
2. Sony Group Corporation (NYSE:SONY)
Latest Twelve Month Revenue: $90.18 billion
Sony Group Corporation (NYSE:SONY) is a Japanese multinational conglomerate corporation known for its diversified business in electronics, gaming, entertainment, and financial services. Sony Group Corporation’s (NYSE:SONY) revenue for the twelve months ending December 31, 2023, was $90.18 billion, marking a 10.83% increase year-over-year. Whereas for the fiscal year ending on March 31, 2023, Sony Group Corporation (NYSE:SONY) reported sales of $24.09 billion from its Game & Network Services (G&NS).
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1. Microsoft Corporation (NASDAQ:MSFT)
Latest Twelve Month Revenue: $227.58 billion
Microsoft Corporation (NASDAQ:MSFT) is an American multinational technology company that is also one of the largest game publishing companies in the world. Microsoft Corporation’s (NASDAQ:MSFT) revenue for the twelve months ending December 31, 2023 was $227.58 billion, whereas, for the year ended on June 30, 2023, Microsoft Corporation (NASDAQ:MSFT) reported revenue of $15.46 billion from its gaming offerings.
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