October 14th, 2019, 23:06 Posted By: wraggster
Tencent's PUBG Mobile has become the world's top-grossing smartphone game, dethroning Arena of Valor.
According to the Q3 report from market intelligence firm Sensor Tower, PUBG Mobile revenue spiked 652% year-on-year, grossing $496 million for the period.
Last month, Sensor Tower also reported that PUBG Mobile was the first battle roayle mobile title to surpass $1 billion lifetime revenue, spurred along by its relaunch in China under the moniker Game for Peace.
Meanwhile, rival top-grossing games Arena of Valor and Fate/Grand Order generated $377 million, and $354 million for the quarter.
Niantic's Pokemon Go however was the fastest-growing game in terms of revenue for the period, up 63% quarter-over-quarter.
These numbers tie into the overall growth in mobile revenue, which was up 20% year-over-year, reaching $16.3 billion for the period.
While games represented a marginally smaller share of total in-app spending for Q3, it still accounted for 74% of global revenue.
Spending increased on both Apple and Android, with the revenue split remaining roughly 60/40 in favour of the App Store.
Apple continues to enjoy the highest spending rates, despite a lower install base than Android, with total spend up 19% year-on-year to $9.8 billion. Meanwhile, user spend was up 21.7% year-on-year on Google Play, reaching $6.5 billion for the period.
Both Google Play and the App Store also saw increased downloads, with the combined number up 17.6% year-on-year to 11.1 billion.
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