News

Developer of Call of Duty Mobile Earns USD 10 Billion in 2020

Monday, 05. Apr 2021.

Chinese tech giant Tencent’s Timi Studios, maker of popular video games Honor of Kings and Call of Duty Mobile, generated revenue of USD 10 billion last year, two people with direct knowledge of the matter told Reuters.

Last week, Tencent reported 156.1 billion yuan (USD 23.79 billion) in overall online game revenues for 2020. Timi’s proceeds accounted for 40% of the game revenue, said the two people. Of Tencent’s remaining gaming revenue last year, its Lightspeed and Quantum studio, the developer of PUBG Mobile, another top-grossing game, contributed 29%, the people said.

The company did not break down revenue for individual studios, which are run independently and compete with each other, Reuters writes.

The USD 10 billion would make Timi the world’s largest developer, the sources say, which many industry watchers had suspected to be the case.

Tencent is building studios overseas, including one for Timi and one for Lightspeed and Quantum, both in Los Angeles, with the goal of creating content with original intellectual property that has global appeal.

The revenue also provides a hefty basis for its ambitions to move beyond mobile games and compete directly with global heavyweights developing expensive “AAA” titles on platforms such as desktop computers, Sony’s PlayStation, Nintendo’s Switch and Microsoft’s Xbox, Reuters adds.

Tencent did not immediately reply to a Reuters request for comment.


Source: eKapija

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