Top 10 Video Games in 2023
- The Legend of Zelda: Tears of the Kingdom
- Hogwarts Legacy
- Elden Ring
- Call of Duty: Modern Warfare II
- Fortnite
- Genshin Impact
- League of Legends
- Roblox
- Apex Legends
- PUBG Mobile
Tencent’s Ownership:
- Fortnite – Partially owned (40% stake in Epic Games)
- League of Legends – Fully owned (Riot Games)
- PUBG Mobile – Partially owned (developed by Tencent’s subsidiary, Tencent Games)
- Genshin Impact – Partially owned (miHoYo has some investment from Tencent)
In summary, out of the top 10 video games in 2023, Tencent has full or partial ownership of 4 games.
World’s Second Largest Video Game Company
In 2023, the annual revenue of Tencent Interactive Entertainment reached $25.5 billion, making it the world’s second-biggest video game company by revenue. Tencent achieved this milestone six years ago in 2018. While Sony gains revenue from hardware sales, only 25% of its yearly revenue comes from digital games, DLC, and in-game purchases. In contrast, Tencent’s Entertainment division gains 80% of its revenue from mobile and PC games.
Tencent’s growth as the world’s second-largest video game company is primarily attributed to acquisitions. The company acquired significant stakes in leading game companies like Riot Games, Supercell, and Epic Games, bringing popular and profitable games under its umbrella.
Games Owned by Tencent
Here’s a complete list of games owned or partially owned by Tencent:
Only three of these games were developed by Tencent itself, with the rest acquired from various developer companies. The company’s diverse acquisition strategy covers a wide range of genres and platforms, allowing Tencent to secure a large user base and consistent revenue streams.
Diverse Acquisition
Tencent’s acquisition strategy is diverse, covering various genres and platforms. From mobile games to PC and console games, Tencent caters to a wide range of player interests. The company has also expanded its market presence internationally through partnerships and investments, leveraging global gaming trends to enhance its global footprint.
Additionally, Tencent employs various monetization strategies, including in-app purchases, subscriptions, and advertising, to boost revenue. The company’s ability to scale these models across its vast user base has contributed to its financial success in the gaming sector.