The sources said that Timi’s proceeds accounted for nearly 40% of Tencent’s total online game revenue for 2020, which reached $24 billion, with about 29% coming from Tencent’s Lightspeed & Quantum Studio, which develops the popular mobile game PUBG Mobile. In comparison, Activision Blizzard, which publishes the Call of Duty’s franchise, reported revenue of $8.09 billion last year.
The staggering earnings makes Timi the world’s largest game developer, Reuters reported on Friday, citing sources familiar with the matter. Timi Studio, a Tencent-owned gaming unit responsible for developing the popular mobile games Honor of Kings and Call of Duty Mobile, raked in $10 billion in revenue in 2020, as the Covid-19 pandemic led to a dramatic surge in demand for digital entertainment, according to Reuters.
#Timi studios driver#
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