×

‘Arena of Valor’ Revenue Tops $140 Million Outside China (Analyst)

Tencent’s “Arena of Valor” is reaching impressive figures outside its home country, with over $140 million in revenue earned, mobile market intelligence firm SensorTower reported Monday.

The total global revenue for the MOBA, similar to games like “League of Legends” or “Dota 2,”  is far more impressive, surpassing $3.5 billion in revenue.  The Chinese version of the popular game (often translated as “Honor of Kings”) accounts for 96% of total revenue earned.

In China, where the game has long been a phenomenon, it earned Tencent $89.2 million in the first half of 2018, an increase of more than 25% from 2017.

For other countries, the game is not quite as popular, but still showing impressive performance. “Arena of Valor” is free-to-play on iOS, Android, and is soon coming to the Nintendo Switch.

Gross revenue for other countries for the first half of 2018 was $46.6 million, a more than 50% increase from the year prior. This increase in revenue occurred in spite of a 10% drop in downloads for the game, suggesting a more committed player base.

This could also relate to a recent report by DeltaDNA which found that casual players are paying more in free-to-play games like “Arena of Valor.” As more players choose to purchase optional in-game features and items, mobile revenue increases and developers rely less and less on “whales”— the small percentage of players who spends inordinately large amounts of money in games.

 

 

 

Popular on Variety

More Gaming

  • Scopely founders

    Mobile-Games Company Scopely Raises $200 Million From Chernin Group, Advance

    Scopely, a mobile-games developer, announced an additional $200 million as part of its Series D funding round from Advance, whose holdings include Condé Nast, and Peter Chernin’s The Chernin Group (TCG). The new funding doubles the size of the original $200 million Series D round Scopely announced last fall and brings the company to over [...]

  • Games to Get Lost in

    The Best Video Games to Get Lost in While Self-Isolating

    “Animal Crossing: New Horizons” finally released on Friday, giving players the opportunity to travel to an island paradise and build a community there. For gamers with fairly different tastes, on that same day, “Doom: Eternal” also debuted, allowing those at home to battle through the demonic forces of hell. Either way, it’s an escape. And for [...]

  • Activision-Blizzard-Overwatch-League-Grand-Finals-2018

    Overwatch League Cancels All March, April Events Due to Coronavirus

    The Overwatch League has cut all of its events through March and April, another major cancellation in gaming and esports as the industry grapples with COVID-19 (coronavirus). Activision Blizzard announced the move with a statement on Wednesday, the same day the World Health Organization declared coronavirus a global pandemic. The publisher said it’s monitoring “city-level [...]

  • E3 2019

    E3 2020 Canceled After 'Overwhelming Concerns' About Coronavirus

    E3 organizers, bowing to the inevitable, announced that this year’s video-games conference scheduled for June in L.A. has been canceled because of the ongoing coronavirus epidemic. Last year’s Electronic Entertainment Expo, better known as E3, drew 66,100 attendees. The 2020 gaming showcase had been scheduled to run June 9-11 at the Los Angeles Convention Center [...]

  • Jeff Sagansky Harry Sloan

    Jeff Sagansky, Harry Sloan Partner on $600 Million IPO

    Veteran Hollywood executives Jeff Sagansky and Harry Sloan are launching Flying Eagle Acquisition Corp. with a $600 million initial public offering. It’s the sixth public acquisition vehicle since 2011 launched by Sagansky and Sloan. These kind of acquisition companies have gained in popularity in recent years as a means for investors to participate in new [...]

More From Our Brands

Access exclusive content