Are you wondering if Riot Games, the creators of League of Legends, make any money from their popular game? In this article, we will explore the different ways Riot generates revenue and how much they make in total.
Riot’s primary source of income is through the sale of in-game items, such as skins, champions, and other cosmetic items. These items are sold using real money and can cost anywhere from a few dollars to thousands of dollars. In addition to in-game sales, Riot also generates revenue through advertising and sponsorship deals with companies.
To give you an idea of how much money Riot makes, let’s take a look at some statistics. According to a report by Statista, Riot Games generated $2.6 billion in revenue in 2019. This is a significant increase from the previous year, where they made $2.4 billion in revenue.
In addition to these sources of income, Riot also makes money through licensing agreements with other companies. For example, they have a licensing deal with Netflix that allows them to use the streaming service’s technology for their live events.
Overall, it is clear that Riot Games does make a significant amount of money from League of Legends. With millions of players worldwide and a thriving community, it’s no surprise that they are able to generate such impressive revenue figures.
FAQs:
- What is the primary source of income for Riot Games?
In-game items, advertising, and sponsorship deals with companies are the primary sources of income for Riot Games. - How much money did Riot Games make in 2019?
Riot Games generated $2.6 billion in revenue in 2019. - Does Riot have any licensing agreements?
Yes, Riot has a licensing agreement with Netflix that allows them to use the streaming service’s technology for their live events.
