God of War Ragnarök has generated an estimated $1.4 billion in gross revenue, making it the highest-grossing PlayStation Studios release of the PS5 generation so far, according to new figures from Alinea Analytics. Marvel’s Spider-Man 2 follows at an estimated $1.3 billion.
These numbers are third-party market estimates, not official Sony financial disclosures. Alinea’s November 6 report ranks games by estimated gross revenue across the platforms where each title was sold. Gross revenue describes consumer spending before costs and other deductions; it is not the same as profit.
Alinea estimates that the 10 games generated more than $6.5 billion combined. Of that revenue, 84.7% came through PlayStation, 14.1% through Steam and 1.2% through Xbox. The Xbox share comes from Helldivers 2, the only game in the ranking available on that platform.
Alinea’s estimated top 10 by gross revenue
| Rank | Game | Estimated gross revenue |
|---|---|---|
| 1 | God of War Ragnarök | $1.4 billion |
| 2 | Marvel’s Spider-Man 2 | $1.3 billion |
| 3 | Gran Turismo 7 | $841.9 million |
| 4 | Helldivers 2 | $786.3 million |
| 5 | Horizon Forbidden West | $485.8 million |
| 6 | Ghost of Yōtei | $410.1 million |
| 7 | The Last of Us Part I | $341.3 million |
| 8 | Ratchet & Clank: Rift Apart | $334.9 million |
| 9 | Stellar Blade | $316.9 million |
| 10 | Astro Bot | $292.6 million |
The list covers PlayStation Studios-branded releases from the current console generation, including games developed by external partners. Helldivers 2 and Stellar Blade, for example, are not internally developed Sony titles, but they were published under the PlayStation Studios banner.
Why Ragnarök and Spider-Man 2 lead
Alinea estimates that God of War Ragnarök has sold 21.6 million copies across PlayStation and Steam. About 20.1 million of those copies were on PlayStation, with 75.2% of PlayStation sales attributed to PS5. The firm estimates that 27.5% of the game’s PlayStation copies were physical.
Marvel’s Spider-Man 2 is estimated at more than 19.1 million copies. Alinea attributes more than $1.2 billion of its gross revenue to PS5 and nearly $70 million to Steam. Unlike Ragnarök, which also launched on PS4 before reaching PC, Spider-Man 2 began as a PS5-only console release.
Among the rest of the ranking, Gran Turismo 7 is estimated at 12.7 million copies and $841.9 million. Helldivers 2 has the largest estimated unit total at 23 million, but its lower price and platform mix leave it fourth by gross revenue at $786.3 million.
Alinea estimates Ghost of Yōtei at 5.5 million PS5 copies, The Last of Us Part I at 6.4 million copies, Ratchet & Clank: Rift Apart above 5 million, Stellar Blade at 5.4 million and Astro Bot above 4.7 million.
What the estimates do not show
The ranking does not disclose development budgets, marketing costs, platform fees, retailer margins or ongoing support expenses. It therefore cannot establish which game produced the most profit for Sony or its development partners.
Alinea presents the figures as estimates generated through its market-intelligence platform. The public report provides game-level revenue, unit and platform-share estimates, but it is not an audited filing and Sony has not validated the full ranking.
Which game’s position in Alinea’s estimated PlayStation Studios revenue ranking surprised you most?
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