How Much Money Has Valorant Made?

Valorant, Riot Games’ tactical shooter released in June 2020, has quickly become one of the most successful free-to-play titles in the industry. The game combines precise FPS mechanics with hero-style abilities, making it both competitive and unique in design. Unlike traditional shooters, Valorant’s revenue comes almost entirely from cosmetic purchases, with weapon skins being the star attraction. These aren’t just basic recolors—most include custom models, animations, sound effects, and even special finishers that make them highly desirable. Since launch, Valorant has built a massive player base and a thriving esports ecosystem, driving strong revenue growth year after year. In this article, we’ll dive into exactly how much money Valorant has made, how its monetization works, and what the yearly revenue stats reveal about its continued success.

Valorant Annual Revenue

Valorant’s revenue trajectory since launch has been nothing short of impressive, with steady growth every year from 2020 to 2025. As a free-to-play game, all earnings come from in-game purchases such as premium weapon skins, battle passes, bundles, and Agent unlocks. While Riot Games doesn’t publish exact numbers, industry analysts and Tencent’s financial reports give us a strong picture of its success.

In 2020, Valorant generated an estimated $150–200 million, setting a record for the biggest PC free-to-play launch by revenue, even surpassing Apex Legends. By 2021, its first full year of live service, revenue nearly doubled to around $300–400 million thanks to constant content updates and skin sales. The upward trend continued in 2022, with earnings climbing to $400–600 million as Riot expanded its player base and Tencent reported record-breaking quarters.

2023 saw another huge jump, hitting roughly $600–900 million, fueled by major content drops and the game’s player count peaking at about 25 million monthly users. The biggest milestone came in 2024, when Valorant finally launched on consoles, pushing estimated revenue to between $800 million and $1.2 billion. Although 2025’s final numbers aren’t out yet, early projections suggest continued growth as Riot doubles down on content releases and console support.

What’s clear is that Valorant has successfully moved past its initial hype phase and established itself as a long-term moneymaker, with revenue spikes aligning with new Agents, seasonal updates, and high-demand skin bundles.

Valorant Total Revenue

Valorant has proven to be one of Riot Games’ biggest financial successes since its 2020 release, pulling in billions despite Riot keeping exact numbers under wraps. Industry reports, Tencent’s earnings calls, and esports revenue breakdowns all point to just how powerful the game’s monetization model has become.

By late 2024, Tencent confirmed Valorant was still growing fast, with a 30% year-over-year revenue increase in Q3 alone. Esports-related bundles also contributed heavily, with the Valorant Champions Tour (VCT) generating about $44.3 million for partnered teams that year. Since Riot and teams split bundle revenue 50/50, this means the bundles themselves made close to $90 million in 2024.

On the cosmetic side, Valorant’s skin bundles are a goldmine. High-demand collections often bring in more than $20 million each month, which translates to around $240 million per year just from recurring cosmetic sales. On top of that, special esports bundles like the VCT Champions skins brought in nearly $59 million across 2021 and 2022 alone.

Even regional numbers highlight its profitability. For example, India — with only about 250,000 to 300,000 active players — still brings in roughly $1 million per month. This shows that Valorant’s revenue isn’t just built on player volume, but also on high per-player spending across global markets.

Altogether, Valorant has already cemented itself as a long-term financial giant for Riot, with steady growth fueled by cosmetics, esports partnerships, and its expanding global player base.

Conclusion

Valorant’s success story is clear: Riot Games has built one of the most profitable free-to-play shooters in the world through a smart mix of cosmetics, esports bundles, and steady content updates. From its explosive 2020 launch to its console expansion in 2024, the game’s revenue has climbed year after year, proving it isn’t just a short-lived hit but a long-term powerhouse. With player spending continuing to grow across both established and emerging markets, Valorant has solidified its place alongside Riot’s other juggernaut, League of Legends, as one of the most financially successful games in modern history.