ByteDance earned over $1 billion on mobile games in a year
TikTok‘s parent company receives a good income from mobile games, despite problems with the gaming business. Sensor Tower analysts estimated that for the period from June 21, 2021 to June 20, 2022, the total revenue of its titles exceeded $ 1 billion, and downloads — 139 million.
The most earning and popular ByteDance game is Mobile Legends: Bang Bang. Over the year, users spent $317.7 million in it. As for the downloads of the game, there are over 78 million of them.
The main markets at the box office were Japan, China and the USA. Most of the downloads were generated by residents of Indonesia, China and the Philippines.
Last week, Bloomberg sources reported that ByteDance has dissolved the Shanghai 101 Studio. There were also rumors that the company fired 80% of the employees of the gaming division, but ByteDance itself denied them.
