Market value of the largest gaming companies worldwide 2020-2023
(Formerly) indie gaming company Roblox Corporation started trading publicly on March 10, 2021 and closed its first day of trading activity with a market cap of over 37 billion U.S. dollars, ahead of several well-established industry heavyweights. In November 2021, Roblox Corporation was ranked first among the biggest gaming companies worldwide with a market cap of 74.55 billion U.S. dollars, which had been boosted by market activity surrounding the metaverse hype in October 2021. However, the company's market cap declined to 24.55 billion U.S. dollars as of April 2023.
A summer of litigation cause Activision Blizzard's value to drop and the company to be relegated to second place with a market cap of nearly 46.98 billion U.S. dollars in October 2021 before bouncing back to 67.06 billion U.S. dollars in April 2023. The company was purchased by Microsoft in January 2022 in one of the biggest video game acquisitions of all time. The company owns five business units: Activision Publishing, Blizzard Entertainment, social gaming brand King, Major League Gaming, and Activision Blizzard Studios. Second-ranked Nintendo had a market cap of 47.8 billion U.S. dollars.
A summer of litigation cause Activision Blizzard's value to drop and the company to be relegated to second place with a market cap of nearly 46.98 billion U.S. dollars in October 2021 before bouncing back to 67.06 billion U.S. dollars in April 2023. The company was purchased by Microsoft in January 2022 in one of the biggest video game acquisitions of all time. The company owns five business units: Activision Publishing, Blizzard Entertainment, social gaming brand King, Major League Gaming, and Activision Blizzard Studios. Second-ranked Nintendo had a market cap of 47.8 billion U.S. dollars.
