TiMi Studios, Tencent’s proprietary developer of big mobile hits Call of Duty: Mobile and the MOBA Honor of kings, achieved impressive revenue of $ 10 billion in 2020, according to an April 1 report Reuters report.
ReutersThe article says that these gains make TiMi the “biggest developer in the world”, according to its sources. Although it is unclear exactly which metric you are defining, it is undoubtedly a huge number. For comparison, Activision Blizzard (which publishes the Call to action franchise) recorded revenue in 2020 of $ 8.09 billion, almost $ 2 billion any less than TiMi reported $ 10 billion.
Although TiMi may not be a household name, its games are some of the largest in the world. Call of Duty: Mobile reportedly had the biggest mobile game launch of all time when it launched in October 2019, accumulating over 100 million downloads worldwide in its first week of availability. AND Honor of kings, which is only available in China, had a surprising number of 100 million daily active users in November 2020, according to Tencent.
It doesn’t look like Tencent and TiMi will be resting on their laurels. TiMi is recruiting for a new AAA game that “reminds the virtual community of the film Player One Ready, ” Reuters reports, which seems to suggest that TiMi wants to make its own game similar to the metaverse in the vein of Fifteen days and Roblox. Tencent is also building a TiMi studio in Los Angeles, according to Reuters.
Tencent has long-standing investments in some United States based gaming companies. Purchased a majority stake of League of Legends developer Riot Games in 2011 and then full ownership in 2015. And Tencent bought 40 percent of Epic Games in 2012, a stake that grew significantly in value after Epic’s huge success Fifteen days.
Tencent is also the owner of the Lightspeed & Quantum studio, which develops PUBG: Mobile. That game was also a smash hit and has just surpassed 1 billion downloads worldwide.