If you click on a link and make a purchase we may receive a small commission. Read our editorial policy.

Top 10 gaming companies made $126bn revenue last year

Acquisitions will massively impact 2023.

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).

What's next for EA Sports FC - and can FIFA license a new game to be the "BEST"?

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.

Credit: Newzoo.

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.

Credit: Newzoo

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.

About the Author

Ed Nightingale avatar

Ed Nightingale

News reporter

Ed is Reporter at Eurogamer, with an interest in streaming, people and communities, and giving a voice to marginalised people.

Comments

More News

Latest Articles

Supporters Only

Eurogamer.net logo

Buy things with globes on them

And other lovely Eurogamer merch in our official store!

Eurogamer.net Merch