League of Legends: Wild Rift Hits $750 Million in Revenue Globally

The provided text covers two distinct developments regarding Riot Games: the financial performance of its mobile title, League of Legends: Wild Rift, and a failed acquisition attempt involving Intrepid Studios.

League of Legends: Wild Rift reached a significant milestone by generating over $750 million in global player spending on iOS and Android platforms as of September 2022. Data indicates that China serves as the primary revenue driver, with player spending in the region increasing sevenfold following the game's local launch. During the first half of 2022, the title established itself as the second highest-grossing MOBA game globally, trailing only Honor of Kings. These figures highlight the continued dominance of Riot Games and its parent company, Tencent, within the mobile MOBA market.

Separately, legal disclosures from 2026 revealed that Riot Games attempted to acquire Intrepid Studios in December 2022 to secure the long-term potential of the MMORPG Ashes of Creation. The proposed deal, valued between $250 million and $500 million, included provisions for ongoing content funding. However, the acquisition was blocked by an investor at Intrepid Studios, Robert Dawson, who sought to maintain personal control over the developer. Following this failed deal, Intrepid Studios faced significant operational instability, including mass layoffs and the eventual cessation of operations in early 2026, amid ongoing legal disputes regarding financial management and the development of their flagship title.