PUBG Mobile and Honor of Kings continue to be the highest-grossing mobile games of 2023

PC/Console Tencent's mobile games continue to lead the market in 2023 with revenue of over 1 billion USD per game. gamequiz June 3, 2024

PUBG Mobile and Honor of Kings continue to be the highest-grossing mobile games of 2023

Tencent’s mobile games continue to lead the market in 2023 with revenue of over 1 billion USD per game.

As every year, Appmagic data continues to release estimates for mobile gaming industry revenue in 2023. And it is not surprising that PUBG Mobile and Tencent’s Honor of Kings continue to lead the way. first this year when both exceeded 1 billion USD in revenue.

For a detailed list of the highest-grossing games in 2023, readers can see the image below. Note that Appmagic’s data is estimated via IAP and does not include advertising revenue or the 30% revenue split with platform owners Apple and Google.

Accordingly, Honor of Kings earned 1.48 billion USD last year. This number is said to be a sharp decrease compared to 1.8 billion in 2022 and 1.7 billion in 2021 that the game achieved. PUBG Mobile also dropped sharply with only 1.1 billion USD, much lower than 1.5 billion USD in 2022 and 2 billion in 2021.

Although still leading, Tencent may have to struggle to maintain the top position of PUBG Mobile and Honor of Kings in 2024. The reason is that two completely new games, Honkai: Star Rail and Monopoly Go, immediately reached the top 10 with revenue of 660 million USD and 645 million USD, respectively. This shows that new games are capable of overthrowing Tencent’s long-standing dominance in 2024.

Besides, below are also the top highest-grossing games in the past 11 to 20 years