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  • Home
  • News
    Bets increase on a soft landing in the U.S

    Bets increase on a soft landing in the U.S

    69% of investors believe metaverse entertainment will change social lifestyles

    69% of investors believe metaverse entertainment will change social lifestyles

    European oil companies want to follow in Chevron’s footsteps to operate in Venezuela

    European oil companies want to follow in Chevron’s footsteps to operate in Venezuela

    Amgen buys Horizon Therapeutics for US$ 25 billion

    Amgen buys Horizon Therapeutics for US$ 25 billion

    Europe prepares law to make airlines that pollute more pay higher costs

    Europe prepares law to make airlines that pollute more pay higher costs

    Why are Asian investors selling their tech stocks?

    Why are Asian investors selling their tech stocks?

    Here’s what the economy and markets will look in 2023, according to JP Morgan

    Here’s what the economy and markets will look in 2023, according to JP Morgan

    Are technology stocks coming to the end of their reign?

    Are technology stocks coming to the end of their reign?

    Amazon fined millions for manipulating algorithms in its favor

    Amazon fined millions for manipulating algorithms in its favor

  • Markets
    Bets increase on a soft landing in the U.S

    Bets increase on a soft landing in the U.S

    What are CFDs and what are their advantages?

    Getting started with CFD trading

    Goldman Sachs lands with more strength at Santander and BBVA

    Goldman Sachs lands with more strength at Santander and BBVA

    With inflation in recession, what stocks should you consider?

    With inflation in recession, what stocks should you consider?

    Should payment for order flow be maintained in the stock market?

    Should payment for order flow be maintained in the stock market?

    Why are Asian investors selling their tech stocks?

    Why are Asian investors selling their tech stocks?

    Here’s what the economy and markets will look in 2023, according to JP Morgan

    Here’s what the economy and markets will look in 2023, according to JP Morgan

    Are technology stocks coming to the end of their reign?

    Are technology stocks coming to the end of their reign?

    Inflation is starting to ease but not enough

    Inflation is starting to ease but not enough

  • Investing
    Two biotech stocks that could explode soon

    Two biotech stocks that could explode soon

    Ideas for investing in the electric vehicle industry

    Ideas for investing in the electric vehicle industry

    Mercado Libre could be one of the best investments for the long term

    Mercado Libre could be one of the best investments for the long term

    Three cheap tech stocks for 2023

    Three cheap tech stocks for 2023

    Where to invest in 2023? These are the most likely trends

    Where to invest in 2023? These are the most likely trends

    Will Ford shares be profitable in 2023?

    Will Ford shares be profitable in 2023?

    Some interesting options for investing in leisure and travel companies

    Some interesting options for investing in leisure and travel companies

    Plug Power’s commitment to green hydrogen

    Plug Power’s commitment to green hydrogen

    Investing in Auto Trader: vehicle sales at a turning point

    Investing in Auto Trader: vehicle sales at a turning point

  • Technology
    Banning TikTok in the U.S. could benefit Meta

    Banning TikTok in the U.S. could benefit Meta

    Microsoft leads the ranking of the best-managed companies in 2022

    Microsoft leads the ranking of the best-managed companies in 2022

    Apple: consequences of the Foxconn conflict will continue until 2023

    Apple: consequences of the Foxconn conflict will continue until 2023

    5 must-have skills to get a job in 2023

    5 must-have skills to get a job in 2023

    UK changes strategy on Internet content control

    UK changes strategy on Internet content control

    EU organized a party in the metaverse and nobody attended

    EU organized a party in the metaverse and nobody attended

    The metaverse companies with the highest revenues in 2022

    The metaverse companies with the highest revenues in 2022

    Electric vehicles: China aims to boost its dominance

    Electric vehicles: China aims to boost its dominance

    Nintendo sells 10 million Switch in 3 days and its shares rise

    Nintendo sells 10 million Switch in 3 days and its shares rise

  • CryptocurrenciesTRENDING
    69% of investors believe metaverse entertainment will change social lifestyles

    69% of investors believe metaverse entertainment will change social lifestyles

    Bitcoin falls after Fed decision to raise interest rates by 0.50%

    Bitcoin falls after Fed decision to raise interest rates by 0.50%

    The future of cryptocurrencies, according to Larry Fink

    The future of cryptocurrencies, according to Larry Fink

    How Much Bitcoin Should You Buy: 5 Factors to Consider in 2023

    How Much Bitcoin Should You Buy: 5 Factors to Consider in 2023

    Between two extremes: what will the price of Bitcoin be in 2023?

    Between two extremes: what will the price of Bitcoin be in 2023?

    FTX crash spreads and affects BlockFi

    FTX crash spreads and affects BlockFi

    EU organized a party in the metaverse and nobody attended

    EU organized a party in the metaverse and nobody attended

    Why does The WSJ continue to question Tether’s financial health?

    Why does The WSJ continue to question Tether’s financial health?

    Brazilian Congress approves bill to regulate cryptocurrencies

    Brazilian Congress approves bill to regulate cryptocurrencies

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The metaverse companies with the highest revenues in 2022

The metaverse is one of the most intriguing phenomena in the investment world. Some companies are betting heavily on its development.

Alejandro Gil by Alejandro Gil
12/1/2022 - 15:01
in Markets, Technology
Reading Time: 3 mins read
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  • Macroeconomic conditions in the United States hit technology companies hard in 2022.
  • The plans of many of these companies suffered major setbacks and one of them was in the metaverse.
  • This paper reviews the companies involved in the metaverse that earned the highest revenues during the year ending.

The inflation and high interest rate economy of 2022 turned into a nightmare for the entire technology sector. Companies dedicated to the development of the so-called metaverse are among those who bore the brunt of it. The following lines review the top companies engaged in the creation of such platforms in terms of revenue.

In the work, only the invoiced amounts are taken into account and not the net profits of these companies. This is because many of these players receive large sums, which are returned to these projects in the form of investment and not always with the best results.

The metaverse consists of a series of platforms powered by extended reality and other technologies. In these digital worlds, people will be able to participate through an avatar. According to enthusiasts, such technology will be at the center of the global economy in the future, where humans will be able to work, attend university and much more. For now, major projects seem to be bogged down by macroeconomic conditions.

Top metaverse companies in terms of revenue

There are many companies that are actively working on the development of the metaverse. Of those, a small group can be considered the most powerful due to the large amounts invested. The following is a brief review of the three companies with the best revenues during the year 2022:

  1. Epic Games.
  2. Meta.
  3. Roblox.

There are other companies linked to metaverses that could well be considered for this selection. However, most of them did not have the level of revenues, popularity among the public and media impact that the three listed above had. However, NVIDIA and Disney stand out from this group. On the other hand, there is Apple, although the latter has a radically different concept and claims that its proposal is not the metaverse.

1. Epic Games

Fortnite is the crown jewel of Epic Games
Fortnite, the creation of Epic Games, remains as the company’s main bet to consolidate itself in the metaverse sector. Image: Epicgames.com

The first of these companies is Epic Games, the creator of the popular Fortnite juice. Among the juicy inflows this firm has received so far are the $2 billion injection from Sony and KIRKBI. One of the great resources of this creator is that it has a user base of 350 million users worldwide.

In addition, its virtual scenarios work without any problem, which makes the acclaimed game the envy of the competition. During 2022, the company generated some $5 billion in revenues, the main sources of which were online sales. International tournaments are also a permanent source of income.

Epic Games is a major investor in the virtual world arena, and its immersive platforms give it an added edge. With this leverage, the management expects to make the company one of the leaders in the sector, even above the giant Meta.

It recently became known that Epic Games is in the process of launching Unreal Engine 5.1. This is an update of the game engine that it will use for metaverse platforms. With this, the company seeks to position itself as one of the companies with assured dominance in the metaverse market. Although the technology it will bring to these platforms is in its early stages, the bosses are confident that long-term persistence will put them in a dominant position.

2. Meta

Meta is one of the most active companies in the metaverse
Despite the headwinds facing Mark Zuckerberg’s company, the leadership remains optimistic about the future of its Horizon platform. Image: Adweek.com

Much of the popularity of the term metaverse stems from the (for some, false) step (for some) of the former Facebook. Despite all the investments, reports of money wasted and little progress, Mark Zuckerberg’s company is one of the highest earners in 2022.

“Since the end of 2021, the company Meta became the main forger of the futuristic metaverse technology.”

In that regard, the Quest Store brought it revenues in the order of $600 million this year. This revenue is made up of online sales of games and applications. At the same time, its coveted Meta Quest 2 device saw significant sales in 2022 of more than 8.3 million glasses, for a sum equivalent to $3.3 billion.

Revenues between all products, both physical and virtual Quest Store, stand at just under $4 billion. While these are respectable revenues, it must be taken into consideration that the company’s profits remain in negative territory, as investments are greater than revenues. The board’s hope is that the public will gradually adapt to the new metaverse platforms they promise.

Meta has been suffering tremendously due to the losses that this dream of Zuckerberg’s has caused in funds. Investors spent the entire year 2022 terrified at the violent fall of the company’s shares and there are strong rumors about a replacement of Zuckerberg himself from the command of the company.

3. Roblox

Roblox is one of the most successful platform
With nearly 50 million daily active users, Roblox becomes one of the candidate platforms to lead the race for the metaverse. Image: Roblox.com

The third of the companies with the highest cash flow from their developments in the metaverse could be none other than Roblox. During 2022, the company received $1.6 billion in profits into its coffers. Most of these resources would have been generated in its avatar store. To get an idea, it should be noted that more than 1 billion NTF garments were sold in that store since January of this year.

As for the Roblox platform, it is one of the largest in the industry. Its active base of 47 million daily users is a testament to its power. Similarly, the 9.5 million developer base on its platform should not be overlooked. The latter is all about games and other types of immersive experiences.

One of the features of the platforms, is that the platform does not include VR or AR features. However, this does not constitute an obstacle for the company to consolidate its position as one of the champion companies in the metaverse.

Other metaverse experiences such as The Sandbox, Decentraland or Axie Infinity are three of the heavyweights in the sector. The problem with them is that the winter in the cryptocurrency market brought users’ interest to the floor. Add to that the constant breaches to the system of decentralized finance (DeFi) during 2022. As a whole, confidence has been permeated, but an improvement in conditions could smoothly restore the status (and revenues) to these platforms.

Tags: epic gamesMetaMetaverseRobloxtechnology

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