Riot Games Revenue Split 2026 — League Still Pulls 60%

Valorant grew the fastest, TFT is the surprise margin engine, but the LoL economy still funds the company.

Riot disclosed a clean 2026 revenue split for the first time in years. League of Legends is 60% of the company, Valorant 23%, Teamfight Tactics 11%, Wild Rift 4%, and the remaining 2% is a basket of newer titles plus tournament/licensing revenue.

The TFT line is the analyst surprise. Pass conversion and chibi cosmetics print 80%+ gross margins, and TFT has roughly half the live-ops cost of LoL on a per-revenue basis. Smaller team, bigger margin per dollar.

Valorant 23% is the growth story but it has plateaued. The agent treadmill is hitting diminishing returns on retention, and the next real lever is the global esports broadcast pass — which has not been priced yet.