Tencent, Roblox, and EA Post Strong Growth as Microsoft and Sony Slide, report reveals

Riot Games

Newzoo's 2026 Global Games Market Report includes Q1 2026 financial results for the industry's biggest public companies, and the picture is far from uniform — with some publishers surging while two of the biggest platform holders lost ground.

The details:

Tencent remains the world's largest game publisher by revenue, posting $10.8 billion in Q1 2026, up 11.9% year over year, driven by Delta Force, Honor of Kings, and VALORANT Mobile internationally.
Roblox generated $1.44 billion in Q1 2026, up 39.3% year over year — enough to rank it 10th among all public game companies globally by quarterly revenue.
Electronic Arts grew 11.9% year over year to $2.12 billion, climbing one spot to sixth in Newzoo's rankings.
Microsoft posted a 5.5% revenue decline, with Game Pass subscribers estimated at around 30 million — down from the 34 million the company last disclosed in February 2024, following an October 2025 price increase.
Sony's gaming revenue dipped 0.9% year over year, with PS5 shipments falling to 1.5 million units in Q1 2026, the lowest quarterly total in the console's history.

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Sources:

Newzoo 2026 Global Games Market Report