Top Video Game Companies by Annual Revenue 2025

The eight largest video game companies by annual gaming revenue in 2025, in billions of US dollars. Tencent leads on $42.0bn, ahead of Sony Interactive Entertainment on $30.8bn and Microsoft Gaming on $24.5bn.

Taken together the eight companies here account for $141.7bn. Tencent alone holds 29.6 percent of that, and the top three hold 68.7 percent between them — a concentration that is easy to miss when the same eight names are simply listed in order. At the other end, Ubisoft's $2.0bn means the largest company in this table earns 21 times what the smallest does.

Two of the eight are Chinese. Tencent and NetEase together take $56.2bn, or 39.7 percent of the group's revenue, which is more than the combined total of every Western publisher listed here apart from Sony and Microsoft. NetEase, at $14.2bn, is within $0.6bn of Nintendo — the two companies are effectively level, despite one of them being far better known outside Asia.

The traditional Western publishers are smaller than their cultural footprint suggests. Electronic Arts ($7.9bn), Take-Two ($5.5bn) and Ubisoft ($2.0bn) add up to $15.4bn between them, only slightly more than Nintendo earns on its own.

One caution about comparing these figures directly. The companies do not all define gaming revenue the same way: some report platform and store revenue alongside the games they publish, others count only software, and Tencent's figure includes a large portfolio of stakes in other studios. The ranking is reliable as an order of magnitude and much less reliable as a precise league table, which is why the source and the reporting year matter as much as the numbers.