Which indie studios earn the most from Massively Multiplayer games?

By indielist's white-box estimate, Square Enix leads the Massively Multiplayer ranking at ~$79.9M. Figures are Boxleiter-derived estimates from public Steam data, summed per studio. See /methodology.

Top Massively Multiplayer indie studios by revenue

indielist ranks 5 indie studios that ship Massively Multiplayer games, by estimated revenue from their Massively Multiplayer titles (white-box, Boxleiter-derived from Steam reviews). Leading is Square Enix at ~$79.9M. Estimates, not financials — open the formula on any game.

1 Square Enix top: FINAL FANTASY XIV Online 1 title ~$79.9M
2 IMCGAMES Co.,Ltd. top: Tree of Savior (English Ver.) 1 title ~$12.3M
3 Vawraek Technology Inc. top: The Quinfall 1 title ~$1.8M
4 Sandbox Interactive GmbH top: Albion Online 1 title ~$1.1M
5 Jagex Ltd top: RuneScape ® 1 title ~Undisclosed

Estimates only. How is this calculated?

Frequently asked questions

Which indie studios earn the most from Massively Multiplayer games?: By indielist's white-box estimate, Square Enix leads the Massively Multiplayer ranking at ~$79.9M. Figures are Boxleiter-derived estimates from public Steam data, summed per studio. See /methodology.