Could Sony Steal Tencent's Video Game Crown?
Tencent (OTC: TCEHY) and Sony (NYSE: SNE) are the two largest video game companies in the world. Tencent's gaming revenue rose 9% to $19.7 billion in calendar year 2018, according to Newzoo, while Sony's gaming revenue surged 41% to $14.2 billion.
Tencent's growth decelerated due to a nine-month freeze on new gaming approvals in China last year. Sony's growth accelerated significantly with the launch of high-profile PS4 exclusive games like God of War, while strong third-party titles like Red Dead Redemption 2 boosted its PlayStation Network revenue.
Those growth rates suggest that Sony could overtake Tencent as the world's top gaming publisher in the near future. However, investors should take a step back and realize that it's actually an apples-to-oranges comparison.
Source Fool.com
