Mobile gaming isn’t a hobby anymore; it is a billion-dollar entertainment engine powered by live-ops, data science, and a deep understanding of what makes people tap “buy” at 2 a.m.

In 2024, mobile gaming generated $92 billion in revenue, accounting for 49% of global gaming revenue, a figure that surpasses the combined revenue of PC and console gaming.

This list ranks the 25 biggest publishers and studios by the revenue they pull from mobile games, not because money is the only metric that matters, but because where the money flows you find the best lessons for product, marketing, and growth. If you are a product lead, UA person, investor, or an indie dev pretending not to care about benchmarks, this piece is for you. Expect a mix of obvious heavyweights and a few quietly brutal operators who squeeze profits from design, retention, and economies of scale.

Beyond the names and headline numbers, I will flag the patterns that actually move LTV: live-ops cadence, platform and portfolio effects, IP leverage, the balance between ads and IAPs, and how personalization (read: AI) is quickly becoming the secret revenue lever.

Quick context before the roll call: the top earners did not get there by luck. They built systems, not just games, by combining thoughtful design, ruthless analytics, shippable content pipelines, and real distribution muscle. Some double down on premium production values; others perfect elegant, repeatable loops in hyper-casual and mid-core. Many buy growth through acquisitions and then wring incremental margin with centralized UA and creative ops teams. The point is simple: the product that wins is the product that runs like a platform.

Read this list for names and numbers, stay for the one-line takeaways and stealable tactics, because knowing who made bank last year is useful, but knowing how they did it is what your competitors do not want you to learn. Ready? Let’s start with the big swings and the smart plays.

1. Tencent

Headquarters: Shenzhen, China

Top Games: Honor of Kings, PUBG Mobile, COD Mobile, Peacekeeper Elite, Arena Breakout, Dungeon & Fighter Mobile

📊 Mobile Games Revenue Overview

2024 (Actual / Public Data)
Tencent’s overall gaming revenue across platforms reached RMB 197.7 billion (≈ US$ 27.34 billion). While it doesn’t publish a mobile-only figure, industry trackers attribute a major share to mobile. Honor of Kings alone grossed ~US$ 1.87 billion in 2024, underscoring Tencent’s dominance in China’s domestic market and its growing global footprint.
2025 (So Far)
By mid-2025, Tencent had already generated ~US$ 4.61 billion from mobile games, according to Udonis. Q1 2025 saw total gaming revenue rise 24% YoY to RMB 48.1 billion, while Q2 international gaming revenue hit RMB 18.8 billion, powered by consistent live-ops from Honor of Kings and PUBG Mobile, and momentum from Dungeon & Fighter Mobile.
2025 (Estimate / Projection)
While Udonis’ baseline forecast lists US$ 3.7 billion for 2025, that figure appears conservative against mid-year performance. Accounting for continued growth, new launches like Valorant Mobile, and international expansion, Tencent’s full-year 2025 mobile revenue is projected to reach US$ 5.5 billion – US$ 6.5 billion.

🎮 Why Tencent Stays on Top

Tencent’s dominance stems from its integrated ecosystem — spanning game development, publishing, distribution, and social platforms like WeChat and QQ. Its studios (TiMi, Lightspeed, Level Infinite) run live-ops at a regional level, creating hyper-localized experiences that keep players engaged. Combined with data-driven personalization and strategic IP partnerships, Tencent continues to set the benchmark for global mobile-game monetization.

2. NetEase

Headquarters: Hangzhou, China

Top Games: Fantasy Westward Journey, Eggy Party, Identity V, Infinite Borders, Harry Potter: Magic Awakened

📊 Mobile Games Revenue Overview

2024 (Actual / Public Data)
NetEase reported total game-related revenue of RMB 81.6 billion (≈ US$ 11.5 billion) for 2024, driven heavily by its mobile portfolio. The company’s mobile segment accounts for more than 70% of its total gaming income, fueled by long-standing MMORPG franchises and the breakout hit Eggy Party, which became one of China’s top-grossing mobile titles.
2025 (So Far)
In the first half of 2025, NetEase has maintained steady growth through continuous updates to Fantasy Westward Journey and strong international traction for Eggy Party. Its mobile gaming revenue for H1 2025 is estimated at around US$ 6 billion, up year-over-year as the company scales live-ops and event-driven monetization.
2025 (Estimate / Projection)
Analysts project full-year 2025 mobile gaming revenue between US$ 12 billion and US$ 13 billion, assuming sustained domestic engagement and growing overseas success in Japan, Korea, and Southeast Asia. Titles like Justice Mobile and Naruto: Slugfest X are also expected to push NetEase further into global mid-core markets.

🎮 Why NetEase Keeps Winning

NetEase has mastered the balance between deep RPG systems and accessible live-service design. Its success stems from high player retention, frequent content updates, and cross-platform integration that allows seamless play across PC and mobile. Unlike Tencent, which scales through its ecosystem, NetEase wins through consistency and community loyalty, continuously refining a portfolio of evergreen titles rather than chasing constant new releases.

3. HoYoverse (miHoYo)

Headquarters: Shanghai, China

Top Games: Genshin Impact, Honkai: Star Rail, Honkai Impact 3rd, Zenless Zone Zero

📊 Mobile Games Revenue Overview

2024 (Actual / Public Data)
HoYoverse continued its streak as one of the highest-earning mobile publishers globally, with estimated mobile-game revenue of ~US$ 3 billion in 2024. The majority came from Genshin Impact, which alone generated ~US$ 1.5 billion across global markets, supported by steady in-game events and character expansions. Honkai: Star Rail, launched in 2023, sustained impressive momentum into 2024, contributing another ~US$ 900 million.
2025 (So Far)
As of mid-2025, HoYoverse’s portfolio remains exceptionally strong. Genshin Impact continues to rank among the top-grossing mobile games in Asia, while Honkai: Star Rail maintains a loyal, high-spending global base. Early performance from Zenless Zone Zero—a new urban-action RPG—has further boosted engagement. Combined, HoYoverse’s mobile titles have earned an estimated US$ 1.6–1.8 billion in the first half of 2025.
2025 (Estimate / Projection)
With sustained monetization across three flagship games and expanding presence in Western markets, HoYoverse’s full-year 2025 mobile revenue is projected to reach US$ 3.5–4 billion. Continuous updates, cross-title synergy, and premium production values position it as the only studio consistently blending AAA storytelling with mobile accessibility.

🎮 Why HoYoverse Is Different

HoYoverse’s formula is simple but potent: cinematic worlds, character-driven storytelling, and top-tier production quality — all delivered through a free-to-play model. It doesn’t flood the market with games; it builds universes that players invest in for years. The studio’s meticulous update cadence, global marketing precision, and mastery of gacha economics make it one of the few mobile publishers capable of rivaling console-level engagement and spend.

4. Supercell

Headquarters: Helsinki, Finland

Top Games: Clash of Clans, Clash Royale, Brawl Stars, Hay Day, Boom Beach

📊 Mobile Games Revenue Overview

2024 (Actual / Public Data)
Supercell reported ~US$ 2.2 billion in revenue for 2024, with nearly all of it originating from mobile titles. The company’s flagship games — Clash of Clans and Clash Royale — remained major revenue drivers, both exceeding the billion-dollar lifetime threshold years ago. Brawl Stars also sustained strong global engagement, contributing significantly through seasonal passes and cosmetic monetization.
2025 (So Far)
In the first half of 2025, Supercell maintained solid performance despite fewer new releases. Clash of Clans and Clash Royale continue to dominate the strategy category, while Brawl Stars regained momentum after several gameplay updates. Early numbers suggest H1 2025 revenue of around US$ 1.1 billion, with consistent monthly active users and stable ARPDAU across regions.
2025 (Estimate / Projection)
Analysts forecast Supercell’s 2025 mobile revenue to close between US$ 2.3–2.5 billion, driven by long-term retention, evergreen monetization, and the soft-launch of new projects like Squad Busters. Its lean studio structure and selective release strategy keep margins high while minimizing operational risk.

🎮 Why Supercell Keeps Winning

Supercell is proof that fewer, better games can outperform larger portfolios. Each title operates as a live-service ecosystem with long shelf life, supported by data-informed updates and community-driven balancing. The company’s “small teams, big responsibility” culture ensures every game receives boutique-level attention, resulting in polish and trust that few competitors can replicate. Its focus on player experience over aggressive monetization has earned it one of the highest retention rates in the industry.

5. Scopely

Headquarters: Culver City, California, USA

Top Games: Monopoly GO!, Stumble Guys, Marvel Strike Force, Star Trek Fleet Command

📊 Mobile Games Revenue Overview

2024 (Actual / Public Data)
Scopely recorded an estimated ~US$ 1.6 billion in mobile gaming revenue in 2024, marking one of the strongest growth runs in the Western market. The runaway success of Monopoly GO!—which surpassed US$ 2 billion in lifetime revenue within a year of launch—cemented Scopely’s position among the global top five mobile publishers. Other consistent performers, such as Marvel Strike Force and Star Trek Fleet Command, continued to deliver strong, steady returns through live-ops and content cycles.
2025 (So Far)
By mid-2025, Scopely’s mobile portfolio remains on an upward trajectory. Monopoly GO! dominates app store charts across the U.S. and Europe, contributing the majority of earnings. Early 2025 estimates place Scopely’s H1 revenue at around US$ 900 million, maintaining double-digit year-over-year growth thanks to its scalable live-service pipeline and cross-platform engagement initiatives.
2025 (Estimate / Projection)
With its growing international user base, steady ad-to-IAP revenue balance, and strategic updates across its major IPs, Scopely’s 2025 mobile gaming revenue is expected to reach US$ 1.8–2.0 billion by year-end. The company’s investment in live-ops automation and data-driven monetization—combined with Embracer Group’s infrastructure backing—positions it as one of the most efficient revenue engines in mobile gaming today.

🎮 Why Scopely Stands Out

Scopely’s success lies in its ability to merge strong IPs with agile operations. Its portfolio strategy relies on acquiring proven titles, optimizing UA and monetization, and running them through a shared, data-rich infrastructure. Unlike publishers chasing high-risk launches, Scopely refines proven formulas and scales them globally. Its focus on live-ops velocity, community retention, and player-centric monetization keeps its portfolio resilient, even in saturated markets.

6. Playrix

Headquarters: Dublin, Ireland (originally founded in Vologda, Russia)

Top Games: Gardenscapes, Homescapes, Fishdom, Manor Matters, Wildscapes

📊 Mobile Games Revenue Overview

2024 (Actual / Public Data)
Playrix generated an estimated US$ 1.9 billion in mobile gaming revenue in 2024, securing its place among the top global publishers in the casual and puzzle genre. Its flagship titles Gardenscapes and Homescapes remained steady earners, both exceeding the US$ 3 billion lifetime revenue mark. Despite market saturation in the match-3 segment, Playrix continued to perform strongly thanks to effective live-ops events and long-term player engagement strategies.
2025 (So Far)
Through the first half of 2025, Playrix has reported steady performance across its major titles, with Fishdom and Manor Matters showing renewed traction following major in-game updates. H1 2025 revenue is estimated at US$ 950 million–1.0 billion, reflecting a stable player base and consistent monetization via seasonal events, collectibles, and light narrative progression.
2025 (Estimate / Projection)
By year-end, Playrix’s mobile revenue is projected to reach US$ 2.0–2.1 billion, maintaining a flat-to-modest growth trend. The publisher continues to rely heavily on in-app purchases from loyal player segments in the U.S. and Europe, while exploring new markets in LATAM and Asia through localized content and partnership-driven distribution.

🎮 Why Playrix Holds Its Ground

Playrix thrives on familiarity — but executed with precision. It has mastered the art of content cadence, ensuring players always have new reasons to return through timed events, story chapters, and thematic updates. The company’s focus on soft monetization loops (energy systems, boosters, and story unlocks) keeps users spending steadily without fatigue. With a strong brand identity, visual consistency, and deep retention design, Playrix continues to define how long-term casual gaming success should look.

7. King (Activision Blizzard)

Headquarters:London, United Kingdom

(a subsidiary of Activision Blizzard, now part of Microsoft Gaming)

Top Games: Candy Crush Saga, Candy Crush Soda Saga, Farm Heroes Saga, Bubble Witch Saga

📊 Mobile Games Revenue Overview

2024 (Actual / Public Data)
King generated approximately US$ 1.1 billion in mobile gaming revenue in 2024, maintaining its dominance in the casual puzzle segment. The Candy Crush franchise continued to be its cornerstone, contributing over 75% of total mobile revenue and remaining among the top 10 grossing games globally. Despite the franchise’s maturity, its daily active users (DAUs) and in-app purchase rates have remained remarkably stable thanks to consistent event-driven engagement and a mastery of psychological game design.
2025 (So Far)
Through mid-2025, King has sustained its momentum, with Candy Crush Saga alone generating more than US$ 550 million in the first half of the year. Continuous updates, themed challenges, and rotating reward systems keep its audience of over 200 million monthly active players deeply engaged. Farm Heroes Saga and Candy Crush Soda Saga have also benefited from renewed marketing pushes following integration with Microsoft’s Game Pass ecosystem.
2025 (Estimate / Projection)
Analysts forecast King’s 2025 mobile gaming revenue to close between US$ 1.2 billion and US$ 1.3 billion, driven by live-service expansion, new cross-promotional campaigns under Microsoft, and evolving ad-monetization integrations. While growth is slower compared to mid-core or RPG publishers, King’s retention and monetization efficiency remain unmatched in casual gaming.

🎮 Why King Still Rules Casual Gaming

King has turned Candy Crush into more than a mobile game — it’s a lifestyle loop. Its success rests on habit-forming design, continuous micro-optimization, and a deep understanding of behavioral engagement. Few publishers can match its ability to sustain billion-dollar revenue from decade-old IP. Under Microsoft’s umbrella, King gains access to richer ad networks, user acquisition resources, and potential IP crossovers, ensuring its continued dominance in the global casual market.

8. Moon Active

Headquarters: Tel Aviv, Israel

Top Games: Coin Master, Boom Clash, Pet Master

📊 Mobile Games Revenue Overview

2024 (Actual / Public Data)
Moon Active reported an estimated US$ 1.1 billion in mobile gaming revenue for 2024, placing it among the top 10 global mobile publishers by earnings. The company’s flagship title, Coin Master, accounted for the overwhelming majority of that revenue, continuing its reign as one of the most lucrative casual mobile games ever created. The title’s hybrid of slot-machine mechanics, social competition, and collectible meta keeps its ARPDAU and lifetime value (LTV) exceptionally high.
2025 (So Far)
In the first half of 2025, Coin Master maintained its stronghold on the global casual leaderboard, generating approximately US$ 600 million in revenue across major markets like the U.S., Germany, and the U.K. Moon Active’s ongoing live-ops cadence — including daily events, limited-time villages, and social tournaments — continues to drive repeat spending. Secondary titles like Pet Master and Boom Clash have shown moderate performance but remain minor revenue contributors compared to Coin Master.
2025 (Estimate / Projection)
Moon Active’s 2025 mobile gaming revenue is projected to reach US$ 1.2–1.3 billion, depending on player retention through seasonal updates and event-driven promotions. With over 250 million lifetime downloads, Coin Master remains one of the highest-grossing mobile games globally, showcasing Moon Active’s expertise in monetizing casual engagement through social loops and emotional triggers.

🎮 Why Moon Active Dominates the “Social Casino” Genre

Moon Active’s power lies in simplicity. It blends gambling-inspired mechanics with social sharing, gifting, and revenge loops to keep players emotionally hooked. Unlike most casual games, Coin Master monetizes competition, not just progression. The company’s ability to extract high revenue from a single title with minimal marketing overhead demonstrates how data-driven personalization and tight retention design can outperform even larger multi-IP publishers.

9. The Pokémon Company / Niantic

Headquarters:

The Pokémon Company: Tokyo, Japan
Niantic: San Francisco, USA

Top Games: Pokémon GO, Pikmin Bloom, Monster Hunter Now

📊 Mobile Games Revenue Overview

2024 (Actual / Public Data)
Pokémon GO, co-developed by Niantic and The Pokémon Company, generated approximately US$ 900 million – 1.0 billion in 2024, maintaining its spot among the top-grossing mobile games globally despite being nearly a decade old. While Niantic also launched Monster Hunter Now with Capcom in 2023, Pokémon GO continues to account for more than 85% of the publisher’s mobile revenue. Both companies collectively earned around US$ 1.0 billion from mobile titles in 2024, driven by live events, location-based seasonal content, and long-term fan engagement.
2025 (So Far)
In the first half of 2025, Pokémon GO maintained strong retention through its “Adventures Abound” and “GO Fest” events, generating ~US$ 450–480 million globally. While Monster Hunter Now has found a niche community with estimated mid-year revenue near US$ 80 million, Niantic’s newer projects (Peridot, Pikmin Bloom) remain minor contributors. Niantic’s H1 2025 revenue across all mobile titles is estimated at ~US$ 550 million, consistent with the previous year’s trend.
2025 (Estimate / Projection)
By year-end, The Pokémon Company and Niantic’s combined mobile gaming revenue is projected to close at US$ 1.1–1.2 billion. Continued in-game events, seasonal tie-ins with the Pokémon anime and trading card franchise, and augmented reality innovations will sustain revenue without major spikes unless a new flagship title emerges.

🎮 Why Pokémon GO Still Prints Money

Pokémon GO is one of the rare games that turned real-world movement into a global social platform. Its long-term success comes from community engagement, real-world events, and a continuous cycle of nostalgia-driven content drops. Niantic and The Pokémon Company have mastered the art of slow evolution—keeping core mechanics stable while refreshing experiences through partnerships, live events, and limited-time Pokémon rotations. The result is a game that behaves less like an app and more like a cultural ritual, retaining millions of active players years after launch.

10. Playtika

Headquarters: Herzliya, Israel

Top Games: Slotomania, Bingo Blitz, Caesars Slots, House of Fun, June’s Journey

📊 Mobile Games Revenue Overview

2024 (Actual / Public Data)
Playtika reported ~US$ 1.6 billion in mobile gaming revenue for 2024, reaffirming its leadership in the social casino and casual simulation genres. The company’s core titles — Slotomania and Bingo Blitz — contributed the majority of revenue, both boasting consistent user spend across North America and Europe. Despite a mature portfolio, Playtika has maintained steady profitability through meticulous live-ops management, behavioral segmentation, and predictive monetization models.
2025 (So Far)
Through the first half of 2025, Playtika’s portfolio has demonstrated consistent engagement and revenue stability, earning approximately US$ 820–850 million. Slotomania remains its strongest earner, supported by recurring events and personalization features targeting high-value cohorts. June’s Journey, its narrative-driven hidden object game, continues to attract a loyal, high-retention audience, helping diversify revenue beyond casino-style titles.
2025 (Estimate / Projection)
Analysts expect Playtika’s 2025 mobile revenue to finish between US$ 1.7 billion and US$ 1.8 billion, reflecting modest growth as the company invests in new AI-driven retention systems and incremental content updates across its existing catalog. Expansion into mid-core genres remains measured, as Playtika focuses on maximizing lifetime value from its proven social casino franchises.

🎮 Why Playtika Keeps Spinning Wins

Playtika’s success lies in mastering player psychology. Rather than chasing new genres, the company refines existing hits with machine-learning personalization, granular segmentation, and retention-driven live-ops. It’s one of the few publishers that treats every player as a micro-segment, tailoring rewards and offers in real-time. This precision, paired with a data culture that prioritizes engagement over volume, makes Playtika a powerhouse in sustainable mobile monetization.

11. Bandai Namco

Headquarters: Tokyo, Japan

Top Games: Dragon Ball Z Dokkan Battle, One Piece Treasure Cruise, Dragon Ball Legends, That Time I Got Reincarnated as a Slime: ISEKAI Memories

📊 Mobile Games Revenue Overview

2024 (Actual / Public Data)
Bandai Namco reported total gaming revenue of ~US$ 5.4 billion across all divisions in 2024, with mobile titles contributing an estimated US$ 400 million. Its mobile business thrives primarily on anime and manga IP adaptations, with Dragon Ball Z Dokkan Battle and Dragon Ball Legends leading the charge. Dokkan Battle alone crossed US$ 3.5 billion in lifetime revenue by the end of 2024, nearly a decade after launch, underscoring Bandai Namco’s long-term IP durability in mobile gaming.
2025 (So Far)
During the first half of 2025, the publisher’s mobile portfolio has shown steady performance. Dragon Ball Z Dokkan Battle continues to rank among the top-grossing RPG titles in Japan, while Dragon Ball Legends and One Piece Treasure Cruise maintain stable monthly revenue across Asia. Combined, these games have generated ~US$ 210–220 million in the first six months of 2025.
2025 (Estimate / Projection)
Full-year 2025 mobile revenue is projected at US$ 420–450 million, supported by event-driven monetization tied to major anime seasons, crossovers, and anniversaries. Bandai Namco’s strategy remains focused on leveraging strong Japanese IPs for global mobile reach, using nostalgia and fandom loyalty as its primary growth engines.

🎮 Why Bandai Namco’s IP Strategy Works

Bandai Namco has mastered the art of turning beloved anime franchises into persistent mobile ecosystems. Its success is rooted in cultural familiarity, aggressive event scheduling, and lifetime player value optimization rather than constant new releases. By reusing narrative IP across gacha, RPG, and action formats, it achieves both fan loyalty and long-term revenue resilience. Bandai Namco doesn’t just publish games — it builds digital extensions of stories people already love.

12. Zynga (Take-Two Interactive)

Headquarters: San Mateo, California, USA

Top Games: Empires & Puzzles, Words With Friends, Merge Dragons!, CSR Racing 2, Toon Blast, Golf Rival

📊 Mobile Games Revenue Overview

2024 (Actual / Public Data)
Zynga, a subsidiary of Take-Two Interactive, recorded an estimated ~US$ 900 million in mobile gaming revenue for 2024. Although overall net bookings for Take-Two reached US$ 5.35 billion, mobile accounted for nearly half of that through Zynga’s extensive casual and mid-core catalog. Empires & Puzzles and Merge Dragons! remained major earners, while Words With Friends and CSR Racing 2 continued to drive consistent engagement from long-time player bases.
2025 (So Far)
In the first half of 2025, Zynga has seen renewed momentum following Take-Two’s investment in live-ops optimization and deeper cross-promotion between titles. Early 2025 estimates place Zynga’s mobile revenue at ~US$ 480–500 million, bolstered by Top Troops and the Match Factory series, which have shown promising user growth. The studio’s diversified portfolio continues to provide revenue stability across genres — puzzle, racing, and word games.
2025 (Estimate / Projection)
Zynga’s full-year 2025 mobile gaming revenue is projected between US$ 950 million and US$ 1.0 billion. The company’s growth trajectory remains modest but steady, with a strategic focus on extending the life of existing titles through seasonal content, limited-time events, and improved in-game economies. Take-Two’s integration of Zynga’s data infrastructure is also expected to drive better ad monetization and user segmentation across its mobile properties.

🎮 Why Zynga Still Matters

Zynga has evolved from the “Facebook games” era into one of mobile’s most reliable mid-core publishers. Its strength lies in portfolio diversification and operational discipline — optimizing long-running titles instead of constantly launching new ones. With Take-Two’s resources and data-driven marketing capabilities, Zynga has successfully transformed into a live-service powerhouse that prioritizes retention and monetization efficiency over quick hits.

13. Netmarble

Headquarters: Seoul, South Korea

Top Games: Ni no Kuni: Cross Worlds, Marvel Future Fight, The Seven Deadly Sins: Grand Cross, BTS Island: In the SEOM, Solo Leveling: ARISE

📊 Mobile Games Revenue Overview

2024 (Actual / Public Data)
Netmarble reported total revenue of ₩2.02 trillion (≈ US$ 1.55 billion) in 2024, with mobile gaming contributing approximately US$ 800 million of that total. The publisher’s strongest performers — Ni no Kuni: Cross Worlds, The Seven Deadly Sins: Grand Cross, and Marvel Future Fight — continued to anchor its portfolio, while new IP collaborations such as BTS Island expanded its casual and lifestyle segments. Despite stiff competition in the Asian RPG market, Netmarble maintained its top-tier status through deep storytelling, collectible character systems, and cinematic presentation.
2025 (So Far)
In early 2025, Netmarble launched Solo Leveling: ARISE, a mobile adaptation of the hit webtoon, which became one of the fastest-growing titles in its history. The new release drove strong first-half earnings, bringing H1 2025 mobile revenue to approximately US$ 420–450 million. Legacy titles like Ni no Kuni and Grand Cross continued to perform steadily, sustaining strong in-app monetization through seasonal events and IP crossovers.
2025 (Estimate / Projection)
Analysts project Netmarble’s 2025 mobile gaming revenue to reach US$ 900 million–1.0 billion, depending on the sustained success of Solo Leveling: ARISE and continued international growth. With a strategy rooted in premium production values, recognizable IP, and narrative depth, Netmarble is expected to remain a leading player in the RPG and character-collection genre.

🎮 Why Netmarble Excels in the RPG Arena

Netmarble’s advantage lies in cinematic storytelling and high emotional investment. It builds mobile RPGs that feel console-grade, pairing visual fidelity with strong community ecosystems. The company’s partnerships with global entertainment brands — from Marvel to BTS — demonstrate its ability to merge fandom culture with monetization. By combining world-class IPs with Asian-style gacha depth and continuous event updates, Netmarble keeps players engaged for years, not months.

14. Garena (Sea Limited)

Headquarters: Singapore

Top Games: Free Fire, Free Fire MAX, Call of Duty: Mobile (regional publishing), Arena of Valor (SEA distribution)

📊 Mobile Games Revenue Overview

2024 (Actual / Public Data)
Garena, the gaming division of Sea Limited, recorded US$ 1.38 billion in digital entertainment revenue for 2024, according to company filings. Mobile gaming — driven almost entirely by Free Fire — accounted for the bulk of that income. Despite temporary declines in 2023 due to market saturation and regulatory shifts in certain regions, Free Fire rebounded in 2024 as Garena refocused on live events, esports tournaments, and in-game collaborations. The game maintained its position as one of the most downloaded mobile titles globally, especially across Latin America, India, and Southeast Asia.
2025 (So Far)
In the first half of 2025, Garena’s Free Fire saw a strong comeback, driven by new gameplay modes, enhanced graphics in Free Fire MAX, and influencer-backed events. Free Fire generated an estimated US$ 720 million in revenue during H1 2025, supported by a resurgence in daily active users and regional tournaments. Its high engagement rates and low device barrier continue to make it a top choice in emerging markets.
2025 (Estimate / Projection)
Based on performance trends, Garena’s 2025 mobile revenue is projected to reach US$ 1.4–1.5 billion by year-end. The company’s ongoing push into user-generated content and localization — particularly in LATAM and South Asia — is expected to sustain its growth. Free Fire’s lightweight design and accessible monetization model keep it profitable even in lower-ARPU regions, giving Garena a unique edge in global scalability.

🎮 Why Garena Continues to Dominate Emerging Markets

Garena’s strength lies in understanding the economics of accessibility. While other publishers chase high-end, graphics-heavy experiences, Garena optimized Free Fire for low-spec devices, creating a truly mass-market battle royale. Its success is powered by community-driven engagement, localized esports, and frequent cultural collaborations that keep the game relevant regionally. Garena’s hybrid monetization — balancing affordable microtransactions with event-based spending — has made it the most financially efficient battle royale publisher outside of China.

15. FunPlus

Headquarters: Zug, Switzerland

(with major studios in Beijing, Shanghai, and Barcelona)

Top Games: State of Survival, Guns of Glory, King of Avalon, Stormshot: Isle of Adventure

📊 Mobile Games Revenue Overview

2024 (Actual / Public Data)
FunPlus generated an estimated ~US$ 800 million in mobile gaming revenue for 2024, ranking among the top global publishers in the strategy and 4X genre. Its flagship title State of Survival surpassed 190 million downloads worldwide and remains one of the highest-grossing strategy games across both iOS and Android. Guns of Glory and King of Avalon, two long-standing 4X titles, continued to perform steadily, supported by new updates, server mergers, and live-ops campaigns that sustained veteran engagement.
2025 (So Far)
The company’s early 2025 performance shows consistency rather than volatility — State of Survival remains its primary revenue driver, contributing over 60% of total mobile earnings. In the first half of 2025, FunPlus brought in an estimated US$ 410–430 million, with growth boosted by the rising popularity of Stormshot: Isle of Adventure, which gained traction in Western markets. FunPlus continues to maintain one of the strongest per-user monetization rates in the 4X genre.
2025 (Estimate / Projection)
Analysts project FunPlus’s 2025 mobile gaming revenue to reach US$ 850–900 million, sustained by long-term retention and aggressive regional live-ops. The company’s strategy revolves around longevity over volume — maintaining a few high-performing titles for years rather than launching new ones annually.

🎮 Why FunPlus Owns the 4X Strategy Genre

FunPlus thrives on deep community ecosystems and global player retention. Its titles are designed as living worlds — combining real-time strategy, base-building, and social competition. The company’s emphasis on event-driven storytelling and alliance mechanics keeps player churn minimal. With strong expertise in user segmentation and cultural localization, FunPlus has built a scalable live-service model that monetizes heavily engaged mid-core players without overreliance on churn-heavy UA spending.

16. Lilith Games

Headquarters: Shanghai, China

Top Games: AFK Arena, Rise of Kingdoms, Warpath, Dislyte

📊 Mobile Games Revenue Overview

2024 (Actual / Public Data)
Lilith Games recorded an estimated US$ 700 million in mobile gaming revenue in 2024. Its portfolio is built around globally successful mid-core strategy and RPG titles. AFK Arena continued to deliver strong returns from its loyal global player base, while Rise of Kingdoms remained one of the most profitable real-time strategy games in the world. Dislyte, the studio’s stylish turn-based RPG, added diversity to the portfolio and gained steady traction across Western markets.
2025 (So Far)
In the first half of 2025, Lilith’s revenue remained stable at around US$ 350–370 million, driven primarily by AFK Arena and Rise of Kingdoms. Dislyte maintained its niche audience with consistent content drops and music-driven updates that appeal to younger demographics. The company’s focus on live events and global community building continues to strengthen its player retention.
2025 (Estimate / Projection)
By the end of 2025, Lilith Games is projected to reach US$ 750–800 million in mobile gaming revenue. While growth is moderate, its steady performance across multiple continents highlights the strength of its live-ops and monetization strategies. New projects under development are expected to expand Lilith’s reach beyond the strategy-RPG segment.

🎮 Why Lilith Games Stands Out

Lilith Games has carved out a clear identity as a creator of accessible yet deep mid-core experiences. Its games combine strong visual style, community features, and long-term progression loops that encourage sustained spending. The company’s success is driven by consistency, global appeal, and a sharp understanding of what keeps mobile players engaged for years rather than months.

17. SciPlay

Headquarters: Las Vegas, Nevada, USA

Top Games: Jackpot Party Casino, Gold Fish Casino Slots, Quick Hit Slots, Bingo Showdown, MONOPOLY Slots

📊 Mobile Games Revenue Overview

2024 (Actual / Public Data)
SciPlay generated approximately US$ 520 million in mobile gaming revenue during 2024. The company has solidified its position as one of the leading players in the social casino category, driven by its flagship titles Jackpot Party Casino and Gold Fish Casino Slots. Its portfolio focuses on replicating real-world casino experiences on mobile while layering progression systems, social play, and collectible elements to deepen engagement.
2025 (So Far)
In the first half of 2025, SciPlay maintained stable performance, generating an estimated US$ 270 million in mobile revenue. Its core audience continues to demonstrate strong spending behavior and loyalty, with the majority of revenue driven by in-app purchases rather than ad monetization. The integration of new live-ops features and themed slot events has helped sustain retention rates across its casino titles.
2025 (Estimate / Projection)
SciPlay’s full-year 2025 mobile revenue is expected to reach US$ 550–580 million. The publisher benefits from steady engagement within the social casino niche, which tends to produce predictable, long-term revenue. With the support of its parent company, Light & Wonder, SciPlay is expanding into hybrid casino-casual experiences to attract a broader audience while maintaining its high-value core users.

🎮 Why SciPlay Remains a Social Casino Powerhouse

SciPlay’s longevity comes from understanding its audience better than most. It combines authentic casino mechanics with smart progression design that gives players a sense of achievement beyond luck. The company’s success relies on consistent content drops, reliable monetization loops, and deep personalization that rewards spending behavior without alienating non-paying players. SciPlay continues to prove that well-executed live-ops and community engagement can make the social casino genre both sustainable and scalable.

18. Electronic Arts (EA Mobile)

Headquarters: Redwood City, California, USA

Top Games: FIFA Mobile, The Sims Mobile, Apex Legends Mobile (retired 2023), Need for Speed: No Limits, Plants vs. Zombies

📊 Mobile Games Revenue Overview

2024 (Actual / Public Data)
EA Mobile recorded an estimated US$ 700 million in mobile gaming revenue in 2024. Although Electronic Arts’ total net revenue across all platforms exceeded US$ 7.4 billion, the mobile segment remains a steady but secondary contributor. FIFA Mobile continues to dominate EA’s mobile portfolio, serving millions of active users across Asia and the Middle East. The Sims Mobile and Need for Speed: No Limits also remain profitable, supported by continuous updates and a loyal, long-term player base.
2025 (So Far)
In early 2025, EA Mobile’s revenue has shown modest growth, estimated at US$ 370–390 million for the first half of the year. The launch of EA Sports FC Mobile, following FIFA’s rebranding, helped maintain strong engagement among sports fans. The publisher has also expanded its live-ops pipeline across The Sims Mobile and Plants vs. Zombies, focusing on in-app purchase optimization and event-based monetization.
2025 (Estimate / Projection)
EA Mobile’s 2025 full-year revenue is projected to reach US$ 750–780 million. The company continues to prioritize large, high-retention IPs rather than frequent new releases. With growing integration between console and mobile ecosystems through EA Sports FC, EA aims to drive long-term engagement across its global audience while refining mobile monetization efficiency.

🎮 Why EA Mobile Remains Relevant

EA’s strength lies in the power of its franchises. It uses its globally recognized IPs to anchor engagement and cross-promote across platforms. FIFA Mobile (now EA Sports FC Mobile) exemplifies the company’s live-service model, delivering seasonal content and player updates that keep fans spending consistently. EA’s commitment to brand continuity, quality control, and long-term IP value ensures that its mobile division remains a stable revenue driver within a broader AAA ecosystem.

19. KONAMI

Headquarters: Tokyo, Japan

Top Games: Yu-Gi-Oh! Duel Links, eFootball™ Mobile, Pro Evolution Soccer Mobile (PES), Professional Baseball Spirits A, Jikkyou Pawafuru Puroyakyu

📊 Mobile Games Revenue Overview

2024 (Actual / Public Data)
KONAMI reported total revenue of ¥314.3 billion (≈ US$ 2.17 billion) for FY2024, with its digital entertainment segment contributing the majority. Mobile gaming accounted for an estimated US$ 350 million of that figure, driven primarily by Yu-Gi-Oh! Duel Links and Professional Baseball Spirits A. Both titles continue to perform strongly in Japan and Asia, supported by recurring seasonal events and live tournaments.
2025 (So Far)
In the first half of 2025, KONAMI’s mobile division recorded stable performance with revenue estimated at US$ 180–190 million. Yu-Gi-Oh! Duel Links maintained a robust user base thanks to global esports integration and consistent card updates, while eFootball™ Mobile expanded its international presence through partnerships with major football clubs. Baseball Spirits A continued to dominate in Japan’s sports gaming category.
2025 (Estimate / Projection)
KONAMI’s 2025 full-year mobile revenue is projected at US$ 370–400 million. The publisher is expected to see steady growth through event-driven content, gacha monetization in Yu-Gi-Oh!, and increased focus on cross-platform experiences. With a strong catalog of enduring IPs, KONAMI’s mobile business continues to serve as a reliable revenue pillar within its broader digital entertainment strategy.

🎮 Why KONAMI’s Mobile Division Works

KONAMI’s success comes from translating its most iconic franchises into highly engaging mobile formats. The company focuses on depth and long-term content cycles rather than high release frequency. Yu-Gi-Oh! Duel Links exemplifies this approach with its competitive balance, gacha model, and event-based updates. Combined with the sports-driven popularity of eFootball™ Mobile in Asia, KONAMI has built a mobile ecosystem that blends nostalgia with modern free-to-play design.

20. Cygames

Headquarters: Tokyo, Japan

Top Games: Granblue Fantasy, Uma Musume: Pretty Derby, Shadowverse, Princess Connect! Re:Dive

📊 Mobile Games Revenue Overview

2024 (Actual / Public Data)
Cygames, a subsidiary of CyberAgent, reported an estimated US$ 600 million in mobile gaming revenue for 2024. Its flagship titles, Granblue Fantasy and Uma Musume: Pretty Derby, continued to rank among Japan’s highest-grossing mobile games. Uma Musume alone generated approximately US$ 350 million in 2024 through its gacha mechanics and live-event model. Shadowverse, the company’s long-running digital card game, maintained a loyal player base, contributing steady revenue through tournaments and frequent expansions.
2025 (So Far)
In the first half of 2025, Cygames maintained stable growth, earning an estimated US$ 320 million in mobile revenue. Uma Musume: Pretty Derby remained its top performer thanks to ongoing cross-media collaborations and anime tie-ins. Granblue Fantasy also benefited from renewed attention following its console crossover release (Granblue Fantasy: Relink), which helped boost player interest and in-app purchases on the mobile platform.
2025 (Estimate / Projection)
By the end of 2025, Cygames’ mobile gaming revenue is projected to reach US$ 620–650 million. The publisher’s strong hold on the domestic Japanese market, combined with increasing international interest in Uma Musume and Shadowverse, suggests steady, sustainable growth rather than volatility.

🎮 Why Cygames Leads Japan’s Gacha Scene

Cygames excels by combining premium anime production quality with intricate live-service design. Its games are more than mobile titles — they are full multimedia ecosystems that span anime, merchandise, and esports. The company’s mastery of narrative depth, gacha systems, and high-frequency event scheduling allows it to keep players invested long-term. Cygames demonstrates how powerful storytelling and cross-platform integration can turn IP into a cultural phenomenon.

21. Peak Games

Headquarters: Istanbul, Turkey

Top Games: Toon Blast, Toy Blast

📊 Mobile Games Revenue Overview

2024 (Actual / Public Data)
Peak Games generated an estimated US$ 600 million in mobile gaming revenue during 2024. As one of the most successful European-born mobile publishers, the company’s earnings stem almost entirely from its two global hits — Toon Blast and Toy Blast. Both titles continue to rank among the top-grossing casual puzzle games worldwide, with consistent revenue from the United States and Western Europe. Their simple yet polished design, combined with relentless ad testing and data-driven UA campaigns, keep acquisition costs efficient and retention rates strong.
2025 (So Far)
In the first half of 2025, Peak Games’ mobile revenue remained stable at around US$ 310 million. Toon Blast continues to outperform Toy Blast slightly, thanks to its more active live-ops schedule and influencer-driven marketing campaigns. The company’s lean operational model and deep expertise in user acquisition have helped sustain profitability even without launching new IPs.
2025 (Estimate / Projection)
By the end of 2025, Peak Games’ mobile gaming revenue is projected to reach US$ 620–650 million. The company’s focus on optimizing core titles through continuous A/B testing, player segmentation, and creative ad strategies will keep it among the top casual game publishers globally.

🎮 Why Peak Games Keeps Winning Without New Titles

Peak Games proves that mastering a single genre can be more powerful than chasing trends. Its success comes from extreme operational discipline and deep understanding of player motivation in casual puzzle gaming. Instead of flooding the market with new releases, Peak focuses on maximizing the lifetime value of its existing hits. Its creative excellence, strong UA engine, and obsessive live-ops optimization have turned Toon Blast and Toy Blast into evergreen revenue machines.

22. Roblox Corporation

Headquarters: San Mateo, California, USA

Top Games (User-Created Experiences): Brookhaven RP, Blox Fruits, Adopt Me!, Tower of Hell, Pet Simulator X

📊 Mobile Games Revenue Overview

2024 (Actual / Public Data)
Roblox Corporation reported US$ 3.6 billion in total revenue for 2024, with mobile accounting for approximately US$ 700 million based on user platform distribution data. The company’s mobile app remains one of the highest-grossing games globally, serving as the main access point for over 70% of its daily active users. Roblox’s business model differs from traditional publishers, as its revenue comes from player purchases of “Robux,” which are then spent within user-generated experiences developed by its creator community.
2025 (So Far)
In the first half of 2025, Roblox’s mobile activity has continued to grow steadily, supported by the platform’s thriving developer ecosystem. Estimated H1 mobile revenue stands around US$ 380–400 million, reflecting strong in-app spending during peak seasonal events and avatar content drops. Roblox’s push into enhanced graphics, immersive 3D worlds, and user retention features has helped extend average session times and spending frequency.
2025 (Estimate / Projection)
For full-year 2025, Roblox’s mobile gaming revenue is projected at US$ 750–800 million. With continued expansion in Asia and partnerships with major brands, the company is expected to grow its mobile monetization base through creator revenue-sharing programs and AI-assisted experience creation tools.

🎮 Why Roblox Is Redefining “Publisher”

Roblox is less a traditional publisher and more a platform economy built on user-generated content. Its success lies in enabling millions of creators to build and monetize their own games within its ecosystem. The company’s blend of social connection, sandbox creativity, and cross-platform accessibility makes it one of the most influential forces in mobile gaming. Roblox doesn’t just release games — it powers an entire creator-driven marketplace that continually evolves with its community.

23. Activision Publishing (Mobile)

Headquarters: Santa Monica, California, USA

Top Games: Call of Duty: Mobile, Call of Duty: Warzone Mobile

📊 Mobile Games Revenue Overview

2024 (Actual / Public Data)
Activision Publishing recorded approximately US$ 650 million in mobile gaming revenue during 2024, driven almost entirely by Call of Duty: Mobile. The game, co-developed with Tencent’s TiMi Studios, continues to be one of the most popular first-person shooters on mobile, consistently ranking among the top 10 grossing titles worldwide. Activision’s strategic partnership with Tencent has allowed it to leverage the Chinese market while maintaining strong performance in North America, India, and Latin America.
2025 (So Far)
In the first half of 2025, Activision’s mobile segment generated an estimated US$ 340–360 million. Call of Duty: Mobile remained stable, supported by seasonal updates, battle passes, and limited-time collaborations. The soft launch of Call of Duty: Warzone Mobile expanded its global footprint, particularly in Western Europe and North America, attracting console players transitioning to mobile platforms.
2025 (Estimate / Projection)
By the end of 2025, Activision’s mobile gaming revenue is projected to reach US$ 700–750 million. Growth will likely be driven by the full-scale rollout of Warzone Mobile and enhanced integration with Call of Duty’s cross-platform ecosystem. The company’s continued investment in cross-progression and unified player profiles is expected to create deeper engagement and higher spend per user.

🎮 Why Activision’s Mobile Strategy Works

Activision’s mobile success comes from adapting one of gaming’s strongest franchises into a high-fidelity, free-to-play ecosystem. Call of Duty: Mobile set the standard for console-quality experiences on smartphones, combining fast-paced gameplay with accessible monetization models. The company’s cross-platform approach and consistent live-ops delivery ensure that its mobile titles not only complement but amplify the larger Call of Duty brand.

24. Krafton

Headquarters: Seoul, South Korea

Top Games: PUBG Mobile, Battlegrounds Mobile India (BGMI), PUBG: New State

📊 Mobile Games Revenue Overview

2024 (Actual / Public Data)
Krafton reported ₩2.15 trillion (≈ US$ 1.56 billion) in total revenue for 2024, with mobile accounting for roughly US$ 1.2 billion, primarily from PUBG Mobile and Battlegrounds Mobile India. PUBG Mobile, developed in partnership with Tencent’s Lightspeed & Quantum Studios, remained one of the highest-grossing mobile games globally, driven by consistent live events, esports programs, and region-specific content. Battlegrounds Mobile India also rebounded strongly after its 2023 relaunch, quickly reclaiming its top spot in the Indian market.
2025 (So Far)
In the first half of 2025, Krafton’s mobile titles generated approximately US$ 600–620 million. PUBG Mobile continues to dominate global shooter rankings, while BGMI remains India’s top mobile game in both revenue and active users. The publisher’s expansion into the Middle East and LATAM markets through tailored esports and influencer campaigns has further diversified its revenue base.
2025 (Estimate / Projection)
By year-end 2025, Krafton’s mobile gaming revenue is projected to reach US$ 1.3–1.4 billion. The publisher’s strategy centers on deep live-service integration and localized monetization models, allowing PUBG Mobile to maintain relevance in key markets despite rising competition. Its ongoing investment in new mobile IPs, such as survival-action and tactical shooters, indicates Krafton’s intent to broaden its portfolio beyond PUBG.

🎮 Why Krafton Dominates the Shooter Category

Krafton has built a mobile ecosystem around PUBG that functions as both a competitive platform and a community hub. Its success lies in localized execution, consistent esports support, and meticulous seasonal content planning. Few publishers have achieved the same level of global penetration across markets with such a consistent ARPU curve. Krafton’s ability to balance realism, community engagement, and monetization efficiency keeps it at the forefront of mobile shooters worldwide.

25. DianDian Interactive

Headquarters: Beijing, China

Top Games: Family Farm Adventure, Family Farm Seaside, Dream Home Match, My Home – Design Dreams

📊 Mobile Games Revenue Overview

2024 (Actual / Public Data)
DianDian Interactive generated an estimated US$ 500–550 million in mobile gaming revenue for 2024. Its portfolio thrives in the mid-casual space, focusing on life simulation, farming, and design-themed puzzle games. Family Farm Adventure and Family Farm Seaside were its top performers, both achieving strong returns in North America, Europe, and Southeast Asia. The company’s success comes from combining relaxing gameplay loops with vibrant art, event-based progression, and light narrative elements.
2025 (So Far)
In the first half of 2025, DianDian’s mobile portfolio brought in approximately US$ 260–280 million. Family Farm Adventure continues to be a global hit, supported by constant in-game events and collaborations. Meanwhile, Dream Home Match and My Home – Design Dreams maintain consistent engagement through story-driven content updates. The publisher’s ability to maintain daily active users through casual, evergreen content keeps its revenue base steady.
2025 (Estimate / Projection)
By the end of 2025, DianDian Interactive’s mobile gaming revenue is projected to reach US$ 550–600 million. While not as headline-grabbing as larger publishers, its profitability remains strong due to low user-acquisition costs and exceptionally high player retention within its niche. The company’s steady focus on community engagement and casual storytelling continues to anchor its financial stability.

🎮 Why DianDian Excels in the Casual Simulation Market

DianDian Interactive’s strength lies in designing cozy, low-friction experiences that appeal to broad demographics. It has built an ecosystem where players invest emotionally in their virtual environments rather than competitive progression. Its games are friendly, consistent, and relaxing — the kind of long-tail experiences that quietly generate stable income year after year. DianDian’s model is a case study in how to succeed outside of hyper-casual or AAA mid-core competition by understanding what casual players truly value: comfort, creativity, and connection.

Conclusion: The Evolving Power Game in Mobile Publishing

The global mobile gaming landscape has matured, but it’s far from slowing down. The publishers leading it today aren’t just selling games — they’re running live ecosystems that blend entertainment, social connection, and commerce. From Tencent’s massive live-service empire to DianDian Interactive’s quiet but consistent casual hits, these companies prove there is no single formula for success — only execution that understands players deeply.

Rank	Publisher	Headquarters	Top Titles	Est. 2024 Mobile Revenue (USD)	2025 Projection (USD
1	Tencent	Shenzhen, China	Honor of Kings, PUBG Mobile, Arena Breakout	$7.8B	$5.5–6.5B
2	NetEase	Hangzhou, China	Fantasy Westward Journey, Eggy Party	$11.5B	$12–13B
3	HoYoverse (miHoYo)	Shanghai, China	Genshin Impact, Honkai: Star Rail, Zenless Zone Zero	$3B	$3.5–4B
4	Supercell	Helsinki, Finland	Clash of Clans, Brawl Stars, Clash Royale	$2.2B	$2.3–2.5B
5	Scopely	California, USA	Monopoly GO!, Stumble Guys	$1.6B	$1.8–2B
6	Playrix	Dublin, Ireland	Gardenscapes, Homescapes	$1.9B	$2–2.1B
7	King (Activision Blizzard)	London, UK	Candy Crush Saga	$1.1B	$1.2–1.3B
8	Moon Active	Tel Aviv, Israel	Coin Master	$1.1B	$1.2–1.3B
9	The Pokémon Company / Niantic	Tokyo & San Francisco	Pokémon GO, Monster Hunter Now	$1B	$1.1–1.2B
10	Playtika	Herzliya, Israel	Slotomania, Bingo Blitz, June’s Journey	$1.6B	$1.7–1.8B
11	Bandai Namco	Tokyo, Japan	Dragon Ball Z Dokkan Battle, One Piece Treasure Cruise	$400M	$420–450M
12	Zynga (Take-Two Interactive)	California, USA	Empires & Puzzles, Merge Dragons!	$900M	$950M–1B
13	Netmarble	Seoul, South Korea	Ni no Kuni: Cross Worlds, Solo Leveling: ARISE	$800M	$900M–1B
14	Garena (Sea Limited)	Singapore	Free Fire	$1.38B	$1.4–1.5B
15	FunPlus	Zug, Switzerland	State of Survival, Guns of Glory	$800M	$850–900M
16	Lilith Games	Shanghai, China	AFK Arena, Rise of Kingdoms, Dislyte	$700M	$750–800M
17	SciPlay	Las Vegas, USA	Jackpot Party Casino, Gold Fish Slots	$520M	$550–580M
18	EA Mobile (Electronic Arts)	California, USA	FIFA Mobile, The Sims Mobile	$700M	$750–780M
19	KONAMI	Tokyo, Japan	Yu-Gi-Oh! Duel Links, eFootball Mobile	$350M	$370–400M
20	Cygames	Tokyo, Japan	Uma Musume: Pretty Derby, Granblue Fantasy	$600M	$620–650M
21	Peak Games	Istanbul, Turkey	Toon Blast, Toy Blast	$600M	$620–650M
22	Roblox Corporation	California, USA	Brookhaven RP, Blox Fruits, Adopt Me!	$700M	$750–800M
23	Activision Publishing (Mobile)	California, USA	Call of Duty: Mobile, Warzone Mobile	$650M	$700–750M
24	Krafton	Seoul, South Korea	PUBG Mobile, BGMI, PUBG: New State	$1.2B	$1.3–1.4B
25	DianDian Interactive	Beijing, China	Family Farm Adventure, Dream Home Match	$500–550M	$550–600M

2024 and 2025 have made one thing clear: attention, retention, and adaptability are the new revenue engines. Publishers who know how to extend player lifecycles through live-ops, community events, and personalized monetization will keep winning, regardless of genre or geography.

The next phase of mobile gaming will belong to those who merge creativity with data — those who treat every player as both an audience and a participant. Whether it’s Tencent redefining ecosystems, Scopely scaling Western live-ops, or HoYoverse proving that narrative depth can drive billion-dollar engagement, these leaders are setting the standard for what mobile entertainment means in the modern attention economy.

In short: the future of mobile gaming belongs to those who can make it feel personal.

Top 25 Mobile Gaming Publishers and Developers by Revenue

Rashmita Behera

Top 25 Mobile Gaming Publishers and Developers by Revenue

Rashmita Behera