The COVID-19 outbreak has had a two-sided impact on the esports industry. While the number of gamers and the time they spent online surged amid the lockdown, the lack of tournaments knocked down merchandise sales, sponsorships, and revenues of some of the biggest eSports companies.
According to data presented by Buy Shares, TSM, Cloud9 and Team Liquid, as the three leading eSports organizations worldwide, hit $1bn in value and $180bn in revenue in 2020.
TSM Value Rose 3% YoY, Cloud9 and Team Liquid`s Value Dropped in 2020
After a 54% jump in 2019, the average value of the ten biggest eSports organizations globally flatlined at $240 million in 2020, revealed the Forbes annual ranking of the most valuable esports companies.
Statistics show that TSM tops the list of the most valuable eSports organizations in the world. The Los Angeles-based company hit $410 million in value in 2020, a 3% increase year-over-year. In 2019, TSM acquired Blitz, a personal gaming coach app with 10 million active monthly users, which generates around half of its $45 million revenue.
Cloud9 ranked second on the list of the most valuable eSports organizations globally. The LA-based company hit a $350 million valuation in 2020, 13% less than a year ago, and estimated revenue of $30 million.
The Forbes data revealed that Team Liquid ranked third on this list with an estimated $28 million revenue and a market value of $310 million in 2020, a 3% drop in a year. Statistics also show Team Liquid is the leading eSports team by total prize money won. The US-based eSports team, founded in the Netherlands, hit almost $36 million in total earnings, $1.5 million more than the second-ranked team OG.
FaZe Clan and 100 Thieves Witnessed Double-Digit Growth in 2020
Statistics show FaZe Clan ranked fourth on the list of the most valuable esports organizations. The professional esports and entertainment organization headquartered in Los Angeles hit a $305 million valuation in 2020, a 27% jump YoY. However, eSports generates only around 20% of the company’s $40 million revenue.
The Los Angeles-based company focuses on producing videos related to gaming culture and its stars and boasts 230 million followers across all its related social platforms.
100 Thieves rounds the top five list with an estimated $16 million revenue and a $190 million value in 2020, a 19% increase in a year. Statistics show the company founded by former Call of Duty champion Matthew “Nadeshot” Haag jumped by five places this year.
Gen G, Enthusiast Gaming, and G2 Esports follow with $185 million, $180 million, and $175 million value, respectively.