15 Biggest Video Game Companies In The World

In this piece, we will take a look at the 15 biggest video game companies in the world. For more companies, head on over to 5 Biggest Video Game Companies In The World.

The video game industry is one of the most popular industries in the world, and one that has improved its product quality exponentially ever since the first consoles came out in the 1970s. Compared to today’s high definition, disk-free consoles from Sony and Microsoft, these devices were quite simple with few pixels as their resolutions. These days, gamers even have the choice to fully immerse themselves in the virtual environment, as virtual reality headsets are readily available for both personal computers and consoles.

In terms of monetary value, the video game industry is also among the largest in the world. A report from Mordor Intelligence estimates that the sector was worth $198 billion in 2021, and it will grow at a compounded annual growth rate (CAGR) of 8.94% to sit at $340 billion by the end of 2027. The popularity of the sector is driven partly due to the coronavirus pandemic as well, as populations all over the globe were forced indoors and had to rely on digital mediums for their entertainment. Additionally, the growth in internet usage, particularly in the form of high speed connectivity offered through fifth generation (5G) connectivity, allows more people to access online video games, which are some of the most popular in the world. As an example, Fortnite Mobile, one of the most popular online games in history, had raked in $1 billion in revenue in just two years as of April 2020.

Another report, this time from KBV Research, estimates that the global video game industry will grow at a CAGR of 11.8% between 2022 and 2028 and sit at a whopping $413 billion by 2028 end. The rise of the Internet helps video game developers, as their margins improve due to the reduced costs of printing and selling physical disks. China is the world’s largest contributor to the industry, and KBV Research believes that the Asia Pacific region as a whole held the largest market share of the video game market in 2021.

Today we will take a look at the largest video game companies in the world, covering firms that develop the game titles themselves and those that make the hardware for running the video games. Renowned names on our list include Sony Group Corporation (NYSE:SONY), Microsoft Corporation (NASDAQ:MSFT), and Nintendo Co., Ltd. (TYO:7974.T).

15 Biggest Video Game Companies In The World

Barone Firenze / Shutterstock.com

Our Methodology

We gathered all the companies that form a crucial portion of the video game industry by dividing it into sectors and narrowing down the top firms. Only publicly listed companies are included since their financial details are readily available. These have been ranked through revenue, with hedge fund sentiment courtesy of Insider Monkey’s 920 hedge fund survey for Q3 2022 also provided.

Biggest Video Game Companies In The World

15. Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF)

Trailing Twelve Month (TTM) Revenue: $2.6 billion (1YEN = 0.0072USD)

Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF) is a Japanese company that develops video games for nearly every kind of platform out there. This includes handheld consoles, standard consoles, smartphones, and personal computers. The firm is headquartered in Tokyo, Japan.

Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF)’s trailing twelve month revenue is $2.6 billion, and the firm was at the center of a bit of controversy in November 2022 when two of its employees were accused of trading shares right before Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF) announced a new video game.

Microsoft Corporation (NASDAQ:MSFT), Sony Group Corporation (NYSE:SONY), and Nintendo Co., Ltd. (TYO:7974.T) are met by Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF) in our list of the world’s biggest video game firms.

14. Aristocrat Leisure Limited (ASX:ALL.AX)

Trailing Twelve Month (TTM) Revenue: $3.75 billion (1AUD = 0.67USD)

Aristocrat Leisure Limited (ASX:ALL.AX) is an Australian video game company that provides mobile games in its home country. The firm is headquartered in North Ryde, Australia.

Aristocrat Leisure Limited (ASX:ALL.AX)’s fiscal year 2022 earnings saw the firm grow its operating income by 17% and net profit after tax (NOPAT) by a strong 31%. However, the firm’s soft guidance weighed on its share price, as it reflected a broader pessimistic global economic sentiment. Aristocrat Leisure Limited (ASX:ALL.AX)’s trailing twelve month revenue is $3.75 billion.

13. Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Trailing Twelve Month (TTM) Revenue: $4.3 billion

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) is an American firm that owns a variety of game development platforms. Among these is the game studio Rockstar, which is renowned for its Grand Theft Auto (GTA) lineup. Take-Two Interactive Software, Inc. (NASDAQ:TTWO) is headquartered in New York, New York, the United States.

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) grew its mobile platform earlier this year when it acquired the game developer Zynga for a cool $12 billion. The firm’s gaming pipeline is one of the largest in the industry, as it is expected to release up to 38 mobile games by 2025 end. Take-Two Interactive Software, Inc. (NASDAQ:TTWO)’s latest TTM revenue sits at $4.3 billion. 63 out of the 920 hedge funds part of our Q3 2022 survey had invested in the firm.

Take-Two Interactive Software, Inc. (NASDAQ:TTWO)’s largest shareholder is Andreas Halvorsen’s Viking Global which owns 2.8 million shares that are worth $305 million.

12. Entain Plc (LON:ENT.L)

Trailing Twelve Month (TTM) Revenue: $5.02 billion (1GBP = 1.21USD)

Entain Plc (LON:ENT.L) is a British company that focuses primarily on offering betting video games. The firm’s AGT brands offer virtual sports, its Gala Spins is an online gaming application, and the Foxy Bingo platform allows users to play bingo virtually. Entain Plc (LON:ENT.L) is headquartered in London, the United Kingdom.

Entain Plc (LON:ENT.L) completed a massive EUR920 million acquisition of a Croatian gaming company in November 2022 that controls 50% of the country’s online sports betting market. The firm’s TTM revenue stands at $5.02 billion.

11. CyberAgent, Inc. (TYO:4751.T)

Trailing Twelve Month (TTM) Revenue: $5.1 billion (1YEN = 0.0072USD)

CyberAgent, Inc. (TYO:4751.T) offers smartphone games alongside other products such as a blog and a dating service. The firm is headquartered in Tokyo, Japan.

CyberAgent, Inc. (TYO:4751.T) posted 710 billion Yen revenue for its fiscal year 2022 for a 6.6% annual growth. However, the ongoing downturn in the gaming industry also affected the firm, as its gaming division posted 228 billion Yen in revenue for a 13% annual drop. CyberAgent, Inc. (TYO:4751.T)’s other division however made up for the gaming slowdown, by posting as much as 35% in revenue growth.

10. GameStop Corp. (NYSE:GME)

Trailing Twelve Month (TTM) Revenue: $6 billion

GameStop Corp. (NYSE:GME) is an American video game, game console, and related accessories and systems, retailer. The firm is headquartered in Grapevine, Texas.

GameStop Corp. (NYSE:GME)’s fiscal results for the second quarter of this year saw the firm continue its trend of posting bottom line losses. While it posted $1.14 billion in revenue (for a 4% annual drop) its earnings per share was a negative 35 cents. However, GameStop Corp. (NYSE:GME) does have $909 million in cash and only $35 million in debt, so it is positioned to weather out any storm that comes its way.

GameStop Corp. (NYSE:GME)’s TTM revenue is $6 billion, and 13 out of the 920 hedge funds polled by Insider Monkey for this year’s third quarter had held a stake in the company.

GameStop Corp. (NYSE:GME)’s largest investor in our database is Kenneth Mario Garschina’s Mason Capital Management which owns 518,445 shares that are worth $20 million.

9. Electronic Arts Inc. (NASDAQ:EA)

Trailing Twelve Month (TTM) Revenue: $7.29 billion

Electronic Arts Inc. (NASDAQ:EA) is an American video game company that has released some of the most popular gaming titles in the world, such as FIFA, The Sims, and Star Wars. The firm is headquartered in Redwood City, California.

Electronic Arts Inc. (NASDAQ:EA) announced in November 2022 that it had struck a partnership with the film studio Marvel to develop at least three action oriented games. With Marvel being responsible for producing some of the most famous movies such as Avengers and Thor, the possibilities for these titles are endless.

As part of their Q3 2022 investments, 42 out of the 920 hedge funds part of Insider Monkey’s survey had invested in Electronic Arts Inc. (NASDAQ:EA).

John Overdeck and David Siegel’s Two Sigma Advisors is Electronic Arts Inc. (NASDAQ:EA)’s largest shareholder through a $111 million stake that comes via 961,421 shares.

8. Activision Blizzard, Inc. (NASDAQ:ATVI)

Trailing Twelve Month (TTM) Revenue: $7.36 billion

Activision Blizzard, Inc. (NASDAQ:ATVI) develops and sells video games all over the globe. The firm is known for its most popular title, Call of Duty, and the smartphone video game Candy Crush.

Activision Blizzard, Inc. (NASDAQ:ATVI) is currently in the process of being acquired by the technology giant Microsoft Corporation (NASDAQ:MSFT). The deal, which is worth billions of dollars, is rumored to be facing a fresh hurdle from the U.S. Federal Trade Commission (FTC), which is reportedly planning to file an antitrust lawsuit to prevent it from going through.

96 out of the 920 hedge funds part of Insider Monkey’s September quarter of 2022 research had held a stake in Activision Blizzard, Inc. (NASDAQ:ATVI).

Activision Blizzard, Inc. (NASDAQ:ATVI)’s largest investor is Warren Buffett’s Berkshire Hathaway which owns 60 million shares that are worth $4.4 billion.

7. BANDAI NAMCO Holdings Inc. (TYO:7832.T)

Trailing Twelve Month (TTM) Revenue: $6.99 billion (1YEN = 0.0072USD)

BANDAI NAMCO Holdings Inc. (TYO:7832.T) is a Japanese diversified entertainment company. It develops and sells home and internet games. The firm is based in Tokyo, Japan.

BANDAI NAMCO Holdings Inc. (TYO:7832.T) announced in November 2022 that it will soon release the downloadable content (DLC) for its Dragon Ball Z Kakarot title. This new season will see Goku’s father Bardock face trials on a distant planet. BANDAI NAMCO Holdings Inc. (TYO:7832.T)’s trailing twelve month revenue is $6.99 billion.

6. Sea Limited (NYSE:SE)

Trailing Twelve Month (TTM) Revenue: $12.22 billion

Sea Limited (NYSE:SE) provides a digital entertainment platform that lets users access both PC and mobile games and live stream others playing their favorite video games. It is headquartered in Singapore.

Sea Limited (NYSE:SE)’s shares popped by a massive 41% in November 2022 as the company shifted gears during its third quarter earnings call to announce that it will now aim towards improving bottom line income statement growth instead of purely targeting top line revenue growth. The quarter saw the firm improve operating income for its shopping and financial services division, but widen the losses for the gaming segment.

55 out of the 920 hedge funds part of Insider Monkey’s Q3 2022 survey had bought Sea Limited (NYSE:SE)’s shares.

Along with Sony Group Corporation (NYSE:SONY), Microsoft Corporation (NASDAQ:MSFT), and Nintendo Co., Ltd. (TYO:7974.T), Sea Limited (NYSE:SE) is one of the largest video game companies in the world.

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Disclosure: None. 15 Biggest Video Game Companies In The World is originally published on Insider Monkey.