No offense, but that comment goes to show US centric HN is. This is like valuing Microsoft based on XBox sales, only that it plays an even smaller role.
Yes, they do, QQ being exhibit A. But League of Legends was supposed to be their first major step into the larger world of 100 million player+ games, worldwide. Riot has yet to produce another game, and their seat atop the gaming market is now gone.
It wasn't their biggest money maker, but it was their biggest money maker outside of China, and investors really liked the idea of global growth.
Their seat is gone. To another game they own nearly half of.
Pretty sure they make way more on Fortnite.
Yeah, they bought PUBG too. Right after it stopped being popular.
They also own 40% of Fortnite.
pubg was bound to be a flash in the pan. i don't know how they would be able to fix it short of completely reworking it. 10 minutes of looting, then rip after getting shot from across the map