5 Biggest Gaming Companies in the World

4. Nintendo Co., Ltd. (OTC:NTDOY)

2021 annual revenue: $15.88 billion

Nintendo Co., Ltd. (OTC:NTDOY), through its multiple subsidiaries, develops, manufactures, and sells entertainment products. Nintendo Co., Ltd. (OTC:NTDOY) has been heavily involved in the video game industry through the Super Nintendo Entertainment System, Game Boy, the Nintendo DS, the Wii, and the Switch. Its business is expanded across Europe, North America, South America, Asia, and other countries. The company’s sales for 2021 were reported at $15.88 billion.

Here is what Ariel International & Ariel Global Fund has to say about Nintendo Co., Ltd.  in its Q3 2021 investor letter:

Japanese video game developer Nintendo Co., Ltd was the other detractor within Communication Services in the quarter. As the economy recovers from the stay, work and play from home environment, investors are concerned year-over-year sale comparisons for its hybrid console Nintendo Switch, portable Switch Lite and popular game Animal Crossing: New Horizons may prove more difficult. We believe the hardware offering, whose initial model was launched in 2017, will have a longer lifecycle than previous generations. The console continues to be sold-out across most distribution channels, validating our view that demand remains strong. Furthermore, it’s large install base and vertically integrated business model of selling proprietary software titles enable higher profits. There has also been an increasing shift away from third-party distributors towards online sales via digital downloads, further enhancing margin expansion. Looking ahead, Nintendo’s partnership with Tencent in China, as well as sales across mobile platforms, offers runways for additional growth.