Tencent Logs USD5.3 Billion Revenue in First Half Ranking It No. 1 Listed Game Company in the World
Yicai Global
/SOURCE : Yicai
Tencent Logs USD5.3 Billion Revenue in First Half Ranking It No. 1 Listed Game Company in the World

(Yicai Global) Oct. 31 -- Chinese internet giant Tencent, creators of social messaging app WeChat and QQ sits atop the 25 largest listed game companies, with revenue of USD5.3 billion in the first half.

Together they raked in revenues totaling USD34.5 billion in the first half of this year, up 22 percent from last year, Newzoo, a leading game industry consultant reported.

In the six months to June, the Chinese online operator acquired the U.S. based game developer Riot Games and the Finnish mobile game developer Supercell. As a result, its acquisition of popular titles Riot's League of Legends and Supercell's Clash of Clans, its operating income from games surged from USD4.3 billion in the first half of last year to USD5.3 billion in the same period this year.

The top-three rankings by revenue went to Tencent, Sony and Activision Blizzard for the first six months of the year. Compared with the same period in 2015, Sony's game revenue has risen 45 percent from the previous year to USD1.1 billion, driven mostly by business growth in the PlayStation network.

Chinese Internet company Netease [NASDAQ: NTES] also performed strongly with a 69 percent revenue increase, to USD1.9 billion. "In 2017, we expect Netease to make the best candidate for the top-5 territory and to stand an excellent chance to take over Electronic Arts Inc." Newzoo said.

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