5 Top Revenue Game Publishers in Indonesia 2023

The gaming industry has seen significant growth in recent years, with companies across the globe capitalising on the increasing demand for gaming content. In this article, we will take a closer look at the revenue of various game publishers, including Noctua Games, Telkomsel, Megaxus Infotech, Majamojo, and Indofun Games. These companies have shown remarkable growth and success in their respective markets, with a focus on innovation and engagement that has captured the attention of millions of players worldwide. Let's dive into the details and explore the revenue breakdown of each company.

Here is the table of the top leading game publishers in Indonesia based on their revenue in 2023, provided by Data.AI

Based on the data provided, why are they on the top? Let's discuss.

1. Noctua Games: A New Era of Gaming

Noctua Games, a relatively new player in the gaming industry, is making waves with its innovative approach to game development. With a focus on creating immersive and engaging experiences, Noctua Games is quickly becoming a name to watch in video games. Noctua Games has seen significant growth in its revenue and user base since its inception. The company has raised $3 million in funding over time. As of 2024, Noctua Games has 7 apps on Google Play, with a total of 2 million installs globally. The company's first app was launched on February 4, 2024, and it has since updated its popular apps on March 1, 2024. Some of Noctua Games' most popular apps include "Saint Seiya: Legend of Justice," "Knightcore: Sword of Kingdom," and "BLEACH: Soul Reaper".

• Knightcore: Sword of Kingdom The game combines elements of strategy, real-time tower offence, and collectable heroes, allowing players to make real-time decisions in battle. Knightcore: Sword of Kingdom is available on Google Play and has been well-received by players
• Saint Seiya The game is based on the popular anime and manga series, Saint Seiya. Players take on the role of a Seiya Knight, embarking on a journey to save Athena from the grasp of Dark Power in the Zodiac Temple. The game has been well-received by players, with a rating of 4.3 out of 5 on Google Play.

These games have garnered significant attention and have been well-received by players, showcasing Noctua Games' ability to create engaging and immersive gaming experiences.

2. Telkomsel as a Game Publisher

Telkomsel, a leading telecommunications provider in Indonesia, has been actively involved in the game development industry, both as a game developer and a supporter of the industry. The company has been focusing on enhancing its digital services and platforms, including the digital entertainment business that comprises video, music, and games content.

In 2020, Telkomsel had a total revenue of Rp87.1 trillion, EBITDA of Rp51.1 trillion, and net income of Rp25.1 trillion. The digital business sector, which includes game development, was a significant contributor to Telkomsel's revenue growth, with a 7.0% YoY growth in revenue and contributing 72% to the total revenue.

One of Telkomsel's latest game publishing ventures is "Rise of Nowlin," a mobile game that falls under the Open World MMORPG genre. This game, developed in collaboration with developer "8 Elements," is a testament to Telkomsel's dedication to fostering local talent and creating engaging games for its users.

Telkomsel has also collaborated with local game developers, such as Agate, to further strengthen its presence in the gaming industry. Agate, a renowned local game developer, has partnered with Telkomsel through its joint venture, Majamojo, to create engaging and innovative games for the Indonesian market

3. Megaxus Infotech

Megaxus Infotech is a leading game publisher in Indonesia, having successfully published over 30 PC online games, 20 mobile games, and 1 console game since 2006. The company has a rich history of developing and publishing high-quality games that have become popular among players and has a reported annual revenue of $5M - $10M.

Here are some of the best games developed by Megaxus Infotech:

• Grand Chase Grand Chase is an anime-style side-scrolling fighting game played online. Players can upgrade their characters and weapons, unleash ultimate skills, and engage in full-action battles. The game has been recognized as the "Indonesia Most Popular Online Game 2011".
• AyoDance AyoDance features a variety of game modes, including solo and a couple of dance battles, as well as seasonal events and special rewards. The game also includes a client download, a game control guide, and a frequently asked questions (FAQ) section to help players navigate the game. Regular updates are released for the game, which includes new events, rewards, and in-game items. For example, in February 2024, an update introduced a new event mode called "Couple Dance," new chocolate event rewards, and new couple shop items, among other changes

These games showcase Megaxus Infotech's expertise in game development and publishing, as well as their deep understanding of the Indonesian market and culture.

4. Majamojo

Majamojo, a joint venture between Telkomsel via PT Telkomsel Digital Ecosystem (INDICO) and GoTo via PT Aplikasi Multimedia Anak Bangsa (AMAB), leads the gaming industry in Indonesia. With a mission to nurture homegrown talents, including developers, players, and communities, Majamojo is committed to driving digital transformation and emphasizing Indonesia's digital economic growth. Majamojo offers a wide range of games, from MMORPGs to MOBA royales.

Some of their popular games include:

• Gods of Myth Gods of Myth is an idle RPG game that combines real-time combat with idle gameplay mechanics. With a variety of mythological characters and legendary heroes from different factions, players can form their formations and compete in cross-server battles. The game's challenging dungeons and AFK benefits add to the overall gaming experience. Gods of Myth is available on Google Play and has been well-received by players.
• Luna Fantasia
  Luna Fantasia is a mobile MMORPG game that offers a unique and engaging gaming experience. With a variety of characters, jobs, and game modes, the game provides a rich and immersive world for players to explore. Luna Fantasia is available on the Google Play Store and has been well-received by players Majamojo is driving the gaming industry in Indonesia and Southeast Asia. With a variety of games and a strong commitment to the industry, Majamojo is poised to make a significant impact on the gaming landscape.

5. Indofun Games

Indofun Games, the leading mobile game publisher in Indonesia, has generated over 10 million downloads across more than 20 mobile games. Indofun Games uses audience segmentation to increase profits and has been successful in identifying and targeting core groups of players, known as "whales," who contribute to a significant portion of the in-game revenue4. The company has also seen a 30% increase in conversion rates and a 5X increase in the number of gaming whales by using look-a-like audiences created by the Adjust Audience Builder.

Indofun Games offers a diverse range of entertaining games and excellent services to customers across the country. By partnering with Alibaba Cloud, Indofun Games has been able to maintain a superior gaming experience for its customers, even as the number of gamers increases and the challenges of providing services to remote locations become more complex. With a commitment to innovation and growth, Indofun Games continues to enhance the gaming experience for its customers, ensuring that they can enjoy high-quality, fun, and engaging games no matter where they are in Indonesia.

Some of the most popular games offered by Indofun Games include:

• Idle Dynasty Idle Dynasty is a captivating role-playing game that offers an immersive experience for players interested in the Three Kingdoms era. With its unique features, engaging gameplay, and vibrant community, Idle Dynasty stands out as one of the most popular games developed by Indofun Games

• Rich and Famous Rich and Famous is a captivating game that offers an immersive experience for players interested in strategy and kingdom management. With its unique features, engaging gameplay, and vibrant community, Rich and Famous stands out as one of the most popular games developed by Indofun Games

These publishers have contributed significantly to the growth of the gaming industry in Indonesia, fostering the development of engaging and globally appealing games. Their dedication to innovation, quality, and community-building has solidified their positions as key players in the gaming world