Clash of Clans

No development budget was ever disclosed. What is documented instead is the shape of the team: five people at the start, eight by launch, six months from project start to the August 2012 iOS release — Supercell's small-cell studio model rather than a budget line. Revenue has to be read on two levels. Supercell publishes company-wide figures, and those are first-party: €2.8 billion revenue in 2024, up 77% year on year, with €876 million EBITDA — and in that report Supercell states plainly that Clash of Clans 'remained the company's largest game by significant margin'. Per-game numbers, however, only exist as third-party analytics estimates: roughly $6.4 billion lifetime as of 2019 per Sensor Tower, around $7 billion through 2024 per AppMagic, with a revenue peak of about $1.32 billion in 2015 followed by a long decline to roughly $355 million in 2024. Those are modelled estimates, not disclosures, and should be read as such. Press-reported daily takes from the peak era give a sense of scale: about $654,000 a day in February 2014, around $1.5 million a day in 2015. The strongest single valuation datapoint is the June 2016 acquisition, when a Tencent-led consortium bought 81.4% of Supercell for $8.6 billion, with Tencent raising its own stake in that consortium to 51.2% in 2019.